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Notes from Inspector Clouseau Do you guys like a good board game? Okay, let's look back a few days. How about last Friday 2-10-2006? Volume was 267,852. As best I can tell, this was the single largest volume day in CME Euro FX history. A down day if I recall around 80 ticks. Now, what...

Where do you live? (Country/State)

So will you go long or short?

Review of Week 2-12 to 2-17 I wanted to go back and see how we did on the posts here this week. Euro FX (EC) 2-13 10 Ticks 2-15 84 Ticks 2-16 50 Ticks 2-17 71 TIcks Total for week was 215 ticks or $2,687.50 profit per contract traded. They won't all be this good. Just...

In October of 2002, I was driving and was listening to a financial channel on the radio. It was obviously a snake oil type broadcast trying to lure unknowledgable investors to fork over a minimum of $5000 and send to the sponsor to be invested in the wonderful world of Foreign Exchange. At the...

Never expect price to go where you "think it should go". If it does, it will likely not get there the way you think it should.

I can't believe I was away today. Are you guys saying that you saw 20,000 (thousand) appearing in the ask column? In looking at the volume over the range, it is a little unusual to me. The volume of 209,000 contracts (a fairly big day) was spread over the range proportionately. Short...

Volume was quite high today. Looks like around 209,535 contracts. Interestingly, it is spread fairly evenly thru the entire range. Since I wasn't watching today, I have no idea how price reacted around these levels. Not sure if there was a lot of short covering or new buying. At first glance it...

It is definitely going to get a little more challenging. Things are kind of in between key levels which make it more difficult early on next week. Should be interesting. I had 1.1850 as a key level also.

Well looks like I got lucky on this one. Maybe I should just put my trades in and leave everyday. Long at 1.1876, closed at 1.1947. 71 points per contract. Bad thing is I was not able to close this out before the market closed. I am going to get out asap on Sunday night and re-think...

Good Morning Everyone. I just got filled at 1.1876 and am long the EC from here. This is a key level. Focus on this and play your longs up from here. A solid short term target is 1.1910, but 1.1900 will need to push thru. If 1.1876 gives way, look for a pullback near this level and...

Looks like the day may be about over.....but you never know. We picked up 50 points per contract profit on 2 trades. This was really above average considering the range today has only been 48 ticks. I will likely not be posting anything tommorrow, as I will be traveling again. I will...

Actually, I am looking at 1.1913 as the test.

I hope this doesn't confuse anyone, but if price test the 1.1910-1.1913 area again and fails I may take a short here. 1.1907 may be a good spot. I will definitely get out on any surge up though

I am tempted to go short actually. I see a good set up, but will pass.

11:10 I just exited this at 1.1910 Now let's watch. Looks good though

The 1.1900 area is proving very difficult. There is nothing wrong with exiting here if you are not comfortable holding.

10:26 Price 1.1892 Pirce dipped to and I added at 1.1881. Here's my thoughts on the top of the range. If price does happen to surge thru the 1.1910 area. I am thinking 1.1917 may turn it back down. If 1.1910 holds, it would be a good place to consider this the confirmation that further up...

I am watching the spot price very carefully right now. It is currently at 1.1875. If it falls below 1.863. I will likely cover and wait. EC is trading at 1.1891 right now.

I also want to mention that if the USD loses some ground, I think there is a major down move coming in the USDJPY pair. We are in a critical area obviously....if it does fight down and closes below 117.50. I think thinks could really head south pretty good. On the other had if it moves away...