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yes covered at 210.5. Crazy day. I still think its a 1 day reversal, as opposed to a new trend. I took my losses today. But i think its one of the toughest things in trading to change direction in a trend. Best to sit on the sidelines, until the trend resumes. I bet there are people selling...

Gisele Bunchen diversifying into euros was probably the biggest sell signal on the currency we'll get.

Being saying the Eur will collapse for a while, might take 6 months though. The catalyst will be when Trichet starts cutting rates.

short 209.82 st 210.5 207.82

Any takers?

-50. stop hit. Staying on the sidelines now after 2 losses, whilst i mull over near term direction.

Must be a head fake. US Cpi figs out soon. CPI core will never be 0.1 or less. So I am shorting again here. 208.61 st 209.11 tp 207.11

st hit -100. Why the rally? Has Ben turned on the helicopter?

short 207.74 st 208.74 tp 206.74

Tp hit. +200pips. Again, will sell a bounce. Easy money. Let the trend be your friend.

Wow. I went out for a hour came back an the S&P futures were down 12 after hours and GBP/JPY down 100pips from when i left. Obviously the street not impressed by INTCs numbers and this will be met with selling by in the Asian session of the carry trade. 209.21 st 210.5 tp 207.21, but...

TP hit +100pips. Will sell a bounce when it occurs.

Buy the close sell the open. Its the nature of a bear market. Dont think its a bad strategy.

short 210.81 st 211.81 tp 209.81 Short is the best way to go. I think the US equity mkts will take a tumble this afternoon, which will affect carry-trade/risk sentiment. I agree its hard to call a bottom, but GBP/USD appears to have put in a bottom.

Dont appear too bad. Better than expected.

st hit -63pips. Move caught me off-guard. If you look on smaller time-frames we've had higher lows and higher highers. So dip-buying seems the best strategy for today, as long as wall-street isnt spooked by citicorps results.

What time are they posting results?

CPI figs had a slight upside bias but am using as an opportunity to sell as it wont stop the BOE cutting. short 211.32 st 211.95 tp 210.22

Yes looks weak. A lot will depend on CPI figs tomorrow. A stronger reading will halt the downtrend for a while, if the implication is for a slowdown in cuts.

TP at 211.80 for +55pips. It really is hard work for gains on longs, as when the yen weakens the £ goes down, making a slow grind upwards. I think I'll stick to GJ shorts, and AJ longs on Jpy weakness & strength respectively.