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I like your thinking with USDJPY - it is building into a tight little congestion pattern on the hourlies...

No flak intended :) Taking 200 pips is good going in anyone's books. I've taken some money off the table at 1.2850 - yes, I'd hate to walk away empty handed if I'm spiked out. Expecting a bit of a bounce now - circa 1.2920 where I'll attempt to short some more for 1.28 and lower.

Not quite sure why you are cashing out? Maybe you can expand... there is some major event risk this week ahead although EUR is definitely trading with a weaker bias. I'm thinking 1.28 is going to be tested and I'm backing a break en route to circa 1.25 Good luck

Yeah I'm with you. Lets see what Consumer Confidence brings us....

This is a surprise Trade-ya short EURUSD! :) I'm also sitting short now - currently the market seems a tad confused.... lets see which way is the resolution. If 1.3150- breaks I'll capitulate for now and look to short 1.3280 or so.

This action has again confounded most. Strong TICS flows and what happens the USD gets crunched - 200 pips. I'm with you Ivan - I'll be looking for a shorting opportunity (again - since I was fetched kicking and screaming from my hiding place) - the move up has been strong and I'm hesitant to...

Yeah - I'm actually hoping for a negative TICs number - will give me another opportunity to short the EUR ;) This afternoon should be interesting... Good luck.

Yeah wouldn't that be nice:) The action today seems to not quite fit my scenario and looks like EUR is stubbornly holding on. Looks like we are limbo till the release of the retail figures.

Yup its true - it seems the market only has place for one thought at a time - the market eye(reminds me of the eye of Mordor - Lord of the Rings) seems to switch from single target to single target and we know what it is focused on at the moment....

Interesting action here - balance of -$61bln and USD rallies - go figure. Seems like interest rates are taking centre stage at this point and deficits taking the back seat. I would expect a test/break of 1.28 and a test of 1.2730 next. If 1.2730 breaks (although I doubt severly at first attempt)...

I suppose it depends on your frame of reference - long term the trend most definitely is up. I'm looking for basing and then assume futher up will commence. At the end of the day its all educated guesses to me.... I don't think anyone else knows better than me and is pretty much also taking...

Your guess is as good as anyone elses... EURUSD has gone stop hunting and no better time than before a FOMC meeting where everyone is a touch nervous. I added a small long to my initial long and let see what happens tonight (my time) - I'm guessing measured stays in and Greenie stays as...

Seem to be treading water here now - probably till post FOMC decision next week. I'm still bullish EUR and looking for test of 36 and possible break. 3250 should hold till the release. Till after FOMC then... Good luck

Phew - Eur is something to watch! Trade figures tomorrow - and normally a market mover. I would think dollar is quite oversold and pre/post release we could see dollar rally. Possibly down to 1.33/3280. I'm still sitting long and expect a retest of the ATH although not before a decent...

When will you start considering getting out of the longs? What price level. Currently 1.3130. I'm still sitting long EURUSD as well - expecting a pullback though to 1.3080 and then I'll re-evaluate on the bounce.

Apologies for the delayed reply - my ADSL was capped after reaching the 3GIG limit. Glad to hear the auto-trading is going well. How would you compare your returns to discretionary trading - is your equity curve going up more consistently or slower over the long run? What time-frame are...

Hi Chinook, Good to see you are still around! How is the auto trading going - I suppose alot less stress! Do you miss the discretionary calls at all and since you have done both now it would be useful to hear your experiences.

Hi Gringinho - good to see you are still alive and kicking - the thread has died somewhat after your exit and Chinooks... still trading I hope? Nope I am hanging on gritting my teeth and quite dumbfounded at the resilience! I am playing it both ways but expected a deeper correction in the...

Well at least you don't disappoint and stay very steadfast..... :) I am also long EURUSD from quite a bit lower and also see higher in the long term although I see chance for a pullback here circa 1.31 and possibly even lower... The EUR has shown remarkable resilience in a similar vein to...

OK this should be interesting now. The EUR bull crowd seem to have the upperhand although there is some significant releases coming around and EUR has reached some serious resistance in 1.3250-1.3300. There is the prelim. GDP reading tomorrow and of course NFP next week with chances of a...