Recent content by Jon Reed

Looks like lots of news for tomorrow, better get ready for some heavy movement and possibly lots of profits :)

Looks like short for at least the next 3 days, what do you guys think? News doesn't look good for GBP either, so that'll probably also add to the drop.

My technicals are showing long, but the market seems to have been very erratic lately, anyone have an opinion?

You think the BOE will bring that big of a rise?

My current res and sup levels: R3 = 1.9863 R2 = 1.9828 R1 = 1.9806 S1 = 1.9764 S2 = 1.9742 S3 = 1.9707 What do you guys think? Comments much appreciated :) Btw, I'm currently long GBP/USD and hope that it'll hit 1.9863 soon, will have to watch for BOE news before seeing if it will...

Still good movement, but looks like its coming to a stop soon as we near the BOE news.

Its already much farther than that, but looks to be slowing, I'll probably be closing my short position and buying long very soon. Waiting on the BOE news ;)

Not so sure about that, seems like possible retrace is starting?

What do you think is the next target to hit? Any ideas? :)

Who knows, if Bush declares war on Iran or something, USD would take a big drop and EUR/GBP might just hit remarkable levels ;)

Yup, I think the drop is beginning, just had a huge pitfall in EUR/USD and GBP/USD.

Hey there nik, I haven't posted much in this thread, but I have to say, you probably give some of the best recommendations I have ever seen. I was just wondering, do you trade based purely on news or are you also using indicators?

Wow, very good article, when do you guys think we will start to see a major flunctuations in their currency?

Yea, kinda sucks for us still trying to trade over these holiday seasons. I personally use Oanda to trade just because of the low start-up cost, but their pip spreads have risen to 10 for even the major currency pairs.

Hey, I was just wondering what you guys thought were the best currencies to trade on forex besides the majors?