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USD/JPY tagged the monthly A up at 94. Solid A ups across the board in the entire Yen complex.

I think intuition helps more in what to look for. Trade ideas. Correlation. The actual mechanics of entering a trade should be very simple. We tend to over complicate things. The trade should be implemented when the market is actually DOING what our intuition tells us it should do. Trying...

My monthly A down is around 8513. This thing really blew through the QTR A up. It's way back at 8224.

The next question on here by many will be how to trade these pairs. I'll highlight some of the important levels as they come up. But in the currency world, I believe in buying the pullbacks on the strong trends vs buying a breakout. These could be failed monthly A downs or failed weekly A...

I'm also going to start updating the number lines for most of these pairs here. Here are the 30 day number lines: USD/JPY: 19 EUR/AUD: 13 GBP/JPY: 8 EUR/JPY: 21 AUD/JPY: 23 As you can see, cable (pound) is one of the weaker currencies out there right now. For some...

Guys, I've talked about this Yen breakdown before and I'm going to keep following it for those readers of this thread. I believe we are on the cusp of a monumental move in the currency land. As stocks continue to grind on no vol and the energy space trading sideways I believe the money to be...

From reading your posts you keep talking about what you think the market "should" do. You need to focus more on what it is actually "doing". I'm just trying to be helpful here. I see so many guys on here talking about what the market should do in the future. Nobody knows what the market will...

Do you understand the concept of relative value and relative strength? For example, if I wanted to be short right now, why short the strongest index in the world, why not short for example X. US Steel can't uptick to save it's life and is in fact rolling over. It's a much better proxy on the...

Are you really short this thing? RUT closed at a new all time high today. Do you have a plan for this position or this one of those "it's up too much" trades?

We tagged 93 today. Where is your stop on this thing?

Every time I get the itch to try to short the market, the number lines remind me that there is a real bid in risk assets. This is one of the areas where the number lines really shine. When we get near a top, the number lines will get there first.

Unstoppable...

TOS starts drawing them in immediately but updates them on every closed bar until the day is complete. I use the first full day. Some people use the first full session. Others use the first two days.

I use 5 minutes on both. But as I've always said, if you want to trade a certain type of setup, then it will serve you well to manipulate your OR and A levels to help facilitate that. Both crude and natty are VERY noisy products. Stops going off all over the place. I don't think anyone has...

How do you do you know he wasn't spreading that trade against something else? That trade could actually have been a long trade you know.

Also, watch this Euro. My vol indicator says a large move is coming and we have a solid QTR A up with the pair going out the month on the highs as well. I also imagine the whole world is shorting it. Watch 1.3867 level. We could easily over shoot that and print the 140 handle.

No, I mean very few people understand what number lines are and how to interpret them. Unfortunately they provide the most value to guys who already understand internal market readings very well.

Here is a follow up to the USD/JPY move. The Yen is going out the month on the highs! As you can see we had several re-tests of the monthly A up and it continued higher. We get new monthly levels tomorrow which sucks because I hate it when the first day of a month is on a Friday. There...

I still don't think this is a parabolic move. Just a very orderly trending market.

Maybe if I kicked you around a little you might feel better? :)