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I am now short this pair on the surge up. Hopefully, we will move down to towards the bottom of the value curve. If not, we may be moving to the moon. Good luck. Not sure how to say that in Japanese. DRT

sim03, I am struck (and touched) by your worrying about me. Worry about you. If you re-read my prior post somewhere back in this thread. I have (3) accounts that I trade from. The prior discussions gave you an example of my Tradestation account. In that particular account, I am long 30...

Some tips on dealing with these bold blue and magenta lines. Although it certainly can, does and will happen. Generally, these lines do not have price travel through like a caffeined induced traders index....rather There is generally a surge, then a reversal and then value builds around these...

Just some AUD thoughts. Possible scenario. Not for the weak of heart though. DRT

Aggressive thoughts on the pound. Not trading this one. DRT

Good morning everyone.... Long 50 contracts of EC at 2604. (Equates to long EURUSD around 2558). Long 30 contracts of JY at 8450. (Equates to short USDJPY around 119.45) The EURO trade is within my theme, most likely a little early but I am okay with it. I decided to get ahead of the...

I am not jesting, Patrick. Maybe guessing would be a better word. Let's just trade in the present for now using what we know. DRT

Also, on the USDJPY I am sure everyone is aware of the N. Korean Nuclear threats. This could really throw things out of whack. If there was JPY selling last week and a favorable outcome to the crisis is in sight, then these shorts may be unwound. I remember reading somewhere a comment by a...

Week Oct 8... USDCAD This one is tough for me right now. I see good signs of a breakout upward happening now, but I also see the distinct possibility of a move back down thru 1250 to 1145 in the near term. If the break does come, I see it coming above the 1305 area. If we move into...

Week of Oct 8... USDJPY I am overall bullish on this pair. We are way up at the top of value right now and could very well break thru, but I do not think just yet. The Northern border of the distribution I am working is coming in around 119.58/119.18 at the very top then down to the...

I am looking for gold, etc to bounce. But I think it will just be a dead kitty bounce.... DRT

If you ever check in here at the Chronicles of a former Idiot..... You know I get these feelings from time to time. It happens often when I am staring at the charts. I have put a sign out front advertising psychic reader, but so far no one has stopped by. I can see a huge run back to the...

Week of October 8... EC levels in brackets [xxxx] EURUSD/EC We have traded down to the lower end of the current distribution range. North border around the 2840[2890] area and the south end comes in around the 2530[2576] area. Midrange still around the 2725[2774] area. We are faced...

Key in on 119.10 area. If it holds then we may move down to 117.33 area. If 119.10 breaks then 119.58/63 area is the key. I look for this to hold in the near term. I am bullish this pair, but I think we have to build some value down below first. I think the real move may come from the 116.27...

Weekly Re-Cap Week 1 - Closed trades P&L = $68,187 Week 2 - Closed trades P&L = $56,000 Cumulative total = $124,187 Last 10 EC contracts which were short from 2850 were closed today at 2712 for a net profit of $17,250. So now I am completely flat. A lesson in humility...

One thing that is interesting on this run.....if you study the price action at the data announcement on the EURUSD, you will see that prices rocketed all the back to our midrange of near 2720. This is the area I saw the move up to earlier. I think what happened in a value sense is that there...

The EUR and JPY are nearing the levels I described above. What will usually (and I use this term loosely at a breakout level) happen is price will bounce solidly out of these levels. Then there will be a retest. You can look to setup on the retest if the drama is too much for your blood...