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Jesus journal, I give you a level that led to a 30 pip bounce with only 5 pips of heat. You owe me a beer.:)

Bye Bye. Ha ha, trading is easy when there is a trend!!!!!

Here we go. Nearing crucial support. Who wants to hold EUR into the weekend, noone if we breach .4375. Could get ugly.

The more I think about it, the fundamentals of this very crowded trade "changed" so much yesterday, that who knows? Fed and ECB call the tune, we all must dance to it. To paraphrase Soros. This trade went from Trichet being the watchdog and anchor to helicopter Ben, to him now being...

sorry journal, there is also minor support at around .4375, that might give you a tradable bounce, if youre into that kind of thing.

If you haven't noticed, i trade patterns so i will not consider turning bullish until the proverbial Low, High, Higher Low, Higher High plays out in the time frame I trade. I dont go down lower than 30 Minutes so.............I take shorts or nothing for what looks like a while. To answer...

thanks martin. I't doesnt really matter to how i make a trade, but I have seen crazy daily swings when something like that goes down, and I got out in front of it. Just trying to sound smarter than I really am, in true ET fashion. :)

Also, not that it would cause such a huge move, but the multiple failed runs into 1.49 might suggest that someone was defending the 1.50 handle? Any real traders or bank guys hear anything about that? And would care to share :) ?

If anyone has put this on or followed it, we are doing very well. Currently approximately ahead 50 ticks. Original stop level was never threatened. Depending on your philosophy about stops, it might be a good time to move this one to breakeven or take some partials. Judgement call. Ive...

You need to seriously consider selling rallies until the low of the consolidation pattern is tested. In a perfect world there would be a rally to the mid to high 4600's before the market tests the 4/26 low at .4495, but be sure that number is in play on this swing. I am on the sidelines fo...

by the way, there are very few pockets of support between .6403 and 6330. so this could be a quick one once we resolve this little congestion.

All right, I will give you one in real time, Rectangle breakdown in GBP/USD for a potential 100 point winner. Enter short @ 1.6426. Risk to 1.651, target at 1.6330. Easy trade, good R/R, fits todays fundamentals/sentiment. Try it small. good luck.

Yes, it's over in a very big way. I entered short the break of 1.4753 as i mentioned in my initial post. I revised my target based on the new high made @ 1.4941. Entered at 1.4746, got slipped a little. the new target was 1.4567, which hasnt been reached on my platform yet, but I took the...

I traded on the floor for years. CME group raised the margins to protect their clearinghouses. Why the conspiracy theories? Doesn't it make sense that as contract grow in absolute dollar value and volatility increases, the exchange should make sure that their policies protect their most...

got long as planned on the break of 1.4891, stopped out at 1.4860. I hate these boadening patterns. Is there any kind of market scenario that is harder to trade than higher highs and lower lows? might leave it alone for a while

Had a trailing stop hit at 1.4790 for a nice 4 session for 147 point profit. Was very tempted to jump back in and try to squeeze some more ticks out of EUR, but am glad I didn't. Was able to play some countertrend moves short term in the EUR/CHF to keep things chugging along, and to help me...

wow, who could short this market? Just broke through 1.48 like it was nothing, will probably try 49 before europe even opens. Here's the thing, these type of moves aren't that common. You know, when painfully obvious chart points get penetrated and markets just run with no pain or heat. It...

As an aside, I make no claims that trends need to be the same length or amplituded. I am just observing that the market seems to be being pulled to 1.5150, which happens to be a very important resistance point in a number of longer term time frames. If you put a gun to my head, i would predict...