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I guess I should trade what I ponder sometimes, but I'm busy coding on some new systems ... fridays suck normally anyways. :p At least Sun released the Tiger Java 5.0 system, so I'll try getting that into my JBuilder environment.

The continued slow chopping favours a bounce upwards as time passes. The next sessions will surely have some of that in store, barring big surprises with G7 (mostly an expected Bush parade?). [17:39 USD: Central Bank Treasury Purchases Decline As US Yields Fall] San Francisco, Oct. 1st: One...

Yes, fridays are exhausting for a variety of reasons; end of the week after a tireing days of choppiness, losses and lack of sleep only can exacerbate bad trading judgements. Being at the top of one's game is always required when going into a trade. Otherwise, it's like trading on beers - and...

That's what I'd call risky with this type of action, friday and all - but the good thing is getting that profit, right ... ? Just wait and see - forget about previous moves, previous trades and look for COMPLETELY NEW SETUPS - which must be PERFECT. Take a well earned break, remember how most...

I think a short spurt over 1.24 is also in it's place - but again - just to test stops. :D Of course this would be followed by the matadors swinging their red cloth, uncovering their swords. :eek: edit: (just went for a smoothie, and 'pop' there we went) For the moment I have favoured...

Well, as you see market conditions favour taking profits as soon as possible. Running stops has been the theme for many weeks now - and there have been no real fundamental changes to valuation of the EURUSD. "real money accounts" are asset managers, insurances companies, pension funds etc...

I think we're going to run some stops on the low side first ... Just hope they don't overdo themselves and send us too far down. :) [14:51 EUR/USD: Real Money Selling Above 1.2400] Boston, October 1: Dealers note selling from a US real money account above the 1.2400 level helping keep the...

Best thing to take those profits. It always helps - if it still moves - then re-evaluate from where it is currently and forget about trying "to continue the move" when re-entering. Pausing with profits is always ok. After some losses self-confidence is always lower - so let yourself to some...

Remember to get your profits on that short some time ... My problem yesterday was that I couldn't wait for the target to get reached - I almost never did and then went back towards my entry and at a loss. I should have recognized that we were still at the same modus operandi with small...

Well, we were getting closer to the 1.2410 area .. but the stubborn 1.2417-18 area which enclosed much of the afternoon action is holding out still. For some more perspective on the move above 1.24 - read the following from Deutsche Bank thursday: EUR USD (1.2330) Yesterday’s price range...

I think most of us fall into this trap every now and then. As long as there is no way to stop us from doing mistakes, the best thing we can do is try and identify when it's happening and thus try and control it. Also, looking at the many tries at range breakout the last few weeks (last...

G7 and Yuan will be in focus - as well as talks about lower USD to correct deficits. We will see higher EUR across and mixed USD/JPY with both having mixed outlooks I think. edit: I think I'll be off again - no easy riding choppers here. Stopping at a loss right now of -3 pips on 5 trades...

I would say we're looking short to about 1.2410-ish on the spot. At least there are some competitive views out there - and these last weeks have shown a lot of carnage. :) [16:29 FX OPTIONS: EUR Vols Spring Higher, But Traders Cautious] New York, September 30: Hopes for a break out of the...

Well, we've been walking all over that 1.2425 on the spot now ... so it's losing it's significance. But I gotta admit this is very unsafe waters - and I'm marginally b/e. 4 pips on 3 trades. :) I do not want to get into the small action of the last weeks and will try to aim for less...

This wild action seems to call for trading using charts a lot and having some ice in one's stomach. One quick scalp was all I could do for now. The last shake still has some victims it seems. Numbers game as well today.

[13:25 EUR/USD: Reports Now Of Mid-East Profit-Taking] Boston, September 30: EUR/USD is back below 1.2300 with reports of profit-taking from Middle Eastern names making the rounds. Rising US bond yields may be taking some of the steam out of the EUR rally as well as interest rate differentials...

Nice to see that thel predictions of late of 1.2340-ish, 1.2315-dip and finally a 1.24 became reality - although I didn't do any position trading. Having funds in € makes up for that difference a little though. :) Maybe I have to get into some trading after all today ... at least a little...

http://www.elitetrader.com/vb/showthread.php?s=&postid=596290#post596290 A nice idea by prophet here ... which could greatly enhance the QuoteTracker usefulness and popularity.

Very good idea !

I think we'll go back towards the 1.2315 support again soon - looking at charts. Not done any trades today, though. :)