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Good mindset & something I'll look into for myself. We'll catch ya next week! :)

Looking good, still reading. Any update on how you're doing overall for the year thus far? Take care and good trading.

Short USD/CAD @ 106.8 << A little late in posting. *Worse than expected US NFP *Better than expected CAD employment *Failure thus far of a daily close above 107...looking for some retrace. I'm bullish long term but have no problem shorting this down for some overdue catch-up. My stops...

Second 1/2 stopped out at breakeven.

<a href="http://s24.photobucket.com/albums/c26/sammybiker/?action=view&current=nzd-3.jpg" target="_blank"><img src="http://i24.photobucket.com/albums/c26/sammybiker/nzd-3.jpg" border="0" alt="Photobucket"></a> This is what I was originally looking for but it's not wanting to happen right now...

Closed 1/2 at +65pips.

...+65pips as of now, stops moved to breakeven. Hitting some resistance at .69 but I don't expect too much trouble getting through it.

Short NZD/USD with a small lot size @ .6982. I have a second larger short at around .7040. S/L above the 23% fib at .7075. Targeting .685 or lower.

Working on up to the 38% level...

bump...looking to draw some feedback on the fib levels from the latest drop. My eye is on the 50% level for a retracement...no major news on the NZD side to stop the retrace... Thoughts?

I agree that bottom picking is dangerous but ignoring the bottom of the range that this pair has been in for months isn't the answer. This is a play of the bounce off support. A solid break of support would signal a nice short trade but until that happens, I'd like to see a bounce upwards.

Bump. Anyone watching this with the upcoming .94/.933ish range support? I'm looking to gear up some longs for the next bounce upwards. Thoughts?

No, not at all. You provided another view into the trade and I've come to terms with the fact that you can often have two opposite views on a pair, make the opposite trades and both parties still pull away with fair profit >>> Timing & money management is 80% IMO. I'd ask you to share more...

Long term, possibly...but I would probably close the majority of my position out right before we hit .74, especially if that serves as the end of this last drop on the hourly on the latest leg down (making it a double bottom, I believe?....tracing back to Jan08 lows) and keeping some position on...

- I'm just looking at the pure technical aspect of the pair and it's current downtrend. - I won't be holding a longterm short position and thus am not so concerned with the negative interest. Let me know what you think Cable...I'm a newer trader and stick with what I know (or think I...

Anyone setting up to short this on the next retrace upwards? I'm looking to either play a bounce off the .75 figure or if that is broken, begin scaling in shorts at .76 on up to the daily downward trendline.

Good work on the EUR/USD pips...nice to see the profit on the blotter! And on that AUD/USD gap...yeah, I don't know. I'm just going to have to come up with a set of rules for these gaps and be able to stick to them. For serious trading, I cannot see myself really holding more than 24 hours...

Yeah, I have not looked into re-entering but what you're saying makes sense...and as you followed-up, the gap did close within the last couple of hours (total open time being about 10 hours). This is good to see. Generally how long do you wait for gaps to close? Until you’re stopped...

Did you play any of the gaps yesterday? I got long on the GBP/USD gap and finally pulled a profit out early this morning on four staggered longs. Nice bounce off the previous low and it was all up from there. This is the first gap I traded in my primary "trend" trading account and it was...

Hey man, good to hear on the gap. I did see the gap later Sunday night but at the time of market open, I was hung over and vomiting on a plane back from Vegas. I assure you, I would have much rather been making money on the gap but schedules... :P Glad to hear you caught that quick turn...