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I lowered stop to 1.2080. I am not too confident that it will continue down that dramaticaly. Therefore, I wanted to lock in some profits. Regards, Steve

Hello, I called in a short for 2 units at 1.2140 and 1.2135 about 30 minutes before the FOMC meeting. I place a very tight stop. It seems that thinsg worked out for me. This was a purely new driven trade. However, I do like the way things are shaping up on teh daily charts as well...

Stop out on all contracts at break even. EC diid not make the move I expected when Europe session opens. Therefore, I raise stops to break even. Regards, Steve

I usually trade form the hourly charts and use dailys for the trend. In addition, I use the 15minute charts to time my entries. I am not using divergences for this trade. I am using Moving averages and trend lines. I feel that this is an excallent risk/reward. In addition, there is not...

Long 3 unit of ECM06 at 1.2088. Safety, stop is set. I will let oyu know when and if I get stopped out. Regards, Steve

Looking to go long EC soon. I agree with your analysis. I might add a long tonight and then add more soon. I just dont want to jump the gun. 1.2096 on the ECM06 seems like a great spot to go long according to my charts. Addendum. I am long just one unit at 1.2118. stop is at 1.2053...

BuySell, I am still short 2 units at 1318.50. dEfinatly some downside potential in the next few days. Regards, Steve

Sold 2 ES at 1318.5 stop is at 1324.00 This looks like a pretty nice risk/reward cenario. Good luck

volente, Can you please explain the rule of 20. Thanks Steve

Awesome trade BRL I missed the big move because that spike scared me. I almost went short again, but I shorted the USM06 in a big way and I wanted to focus on that trade. Well at least I made money on that short. Although, I am little bit irritated at myself for missing that move in the...

Just covered 2 shorts at 11020 and left a runenr out there with a buy stop at 11105. That trade I will use trailing stops. 11115 is not to hard to imagine we might trade to that level consideriing the daily range that the US had done in the past few days. I was lucky that my limit sell...

I am short USM06 from 11115, added another at 11105 and 11109. Sorry for the delay in posts of these trades. I expect that we will see at least retest recent lows if not suprpase them. Regards Steve

BLR, Looks like the eruo is not ready to go down this morning. I too am looking to go short. I placed a short at 1.2200 and lost about 10 pips before I got spooked by the price action. I might re-enter at a higher level.

BLR, Your opinion reflects mine almost exactly. I think it is too risky to place a long at these levels. Sunday might be a good time for a short to catch some of the re-tracement before the big move up. Although that short will need to be watched like a hawk using tight stops...

Thanks, USD/JPY is flirting with the very long term upward trend line at 115.80. It broke down below that line for an instant this morning. I expect at least a minor retracement before it breaks down. I will be looking to leg into a EURO long posiiton at a retracement from recent highs...

I exited my 3 YEN longs today this morning. They hit my profit target. Total profit of about 290 pips on the trade. Exit point is .8736 for all 3 contracts. I really wanna leave one out there to see how far it would go, but I prefer to close out before the weekend, and I should not be...

added another Long jun Yen at 8642

Thanks BLR, I am long the Yen again at .8636. I am long 2 units with a pretty tight stop at .8598 I think this "no inflation" news will reverberate throughout the day. I noticted that trends tend to carry over into Japan trading session. Regards, steve

BLR, Did you go long again in the EUR?

Exited long in yen at 8642 for 12 pips profit. Figure the bounce would be good for a few pips. Regards Steve