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Euro won't reverse until 1.3930 is seen. In June 03, euro made its way to 1.1930 before a major retracement. It fell to 1.0750 and then continued its uptrend to 1.2930 before it retraced to 1.1750 back in April. From retracement to new high, it`s moving in 2180 pip incriments. 1.3930 should be...

I'm guessing you're new to this. No, it's not a software error. It's just a spike. It happens all the time. It could hint to a reversal, or it's just a sign of stops being taken out. When data comes out, there are sometimes spikes that are much bigger than that. Currencies can move 100s of...

20 pips in 2 seconds is nothing.

He must be a trillionaire by now. :eek:

I hope you had a stop. :eek:

I was getting today/Monday as a major reversal day. Last time I had one like this was May 13 when euro was at about 1.18. Would wait for a down day before shorting though.

Dollar will go whereever it wants to go regardless of who gets elected.

Price and time fit perfectly with my 1.28 target. Get ready for a sheep slaughter in the coming days.

There will most likely be a retracement to the 1.2335/50 area. Maybe next week.

Annoying Everyone? Can that be what it means?

Is this the same guy who calls himself the logicmaster? Look at his bs calls in the 2004 Program Trade Section of his site: http://www.logicalmarkettrends.com/ It's funny how they are all entered and exited at round numbers.

You believe USD will fall in anticipation of higher interest rates?

Do you really want to have a serious discussion about geometrical pivots? It seems like every time someone asks you about your methods, you never share much at all. Or do you just want to be looked upon as another guru on this forum?

SethArb, It's very possible that 1.1830 will stop euro and there could be a runup back to 1.1940-50. However, if it doesn't hold, I'm on the side lines for now.

Yes, it's possible and I don't have very many losing days. That 100 pips comes mostly from scalping euro off of the 5 min chart. I don't use any indicators, just trade price action. With longer term trades I usually get a lot less pips than when daytrading, but I add to my winners big time...

100 pips a month? That's it? I can make that in a day. What else are you offering?

I don't think the correction is over yet. We should at least see 1.1750 and probably lower. I think this correction will drag on longer than most people think. Perhaps a couple of months.

Oanda is a member of the NFA: http://fxtrade.oanda.com/fxtrade/funds/fund_safety.shtml

I've never had any problems with Oanda.

I'd buy on a pullback to 1.29 if seen.