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Well, it did. The overall "no" isn't the big downer, but the strength in which the "no" was given. That, and a perception of how abyssmal everything in the EU is now, from an economic and political perspective.

CS - agree. It's priced in. But trust me, it's also not priced in. If the French vote no, at first little will happen because it's been expected somewhat. Then people will think more about the consequences of it and the bad feeling will persist. That's all I mean. The market won't just...

Forex is traded throughout the world. Not everyone celebrates the US Memorial Day. Therefore: The FOREX market will be open normal times, but rather lightly traded.

The "no" is heavily priced in already.

CS - market's squaring ahead of the long weekend and the vote. If the frogs nix the vote, expect a bad feeling come market open on Tuesday. If they do not, expect a correction to come for a bit. Overall, long term is still biased towards dollar bulls. Keep in mind the following statement...

No, wasn't wrong. Though a bit unsure. Closed for a 29 pip gain. Don't like what I see on the chart.

Thanks for the rec. I don't think it'll be an issue anyway, though I could be wrong, of course.

CS, here comes your correction. Served up nice and hot, just like you like it :)

Just went long at 107.33. SL - 106.55. I don't mind the red for the short/intraday. I'm in it for the long run. The carry is a nice thing to hold on to.

Another good time regardless of news is the Europe open. Since I live in Moscow, I catch it between 10 and 11 AM, which is 2 and 3 am EST. The EUR will usually move in the direction of the best technical call for the open, based on previous day closes and movements.

Remember when I said your presence would probably bring the beginning of the end of this thread because of your excellent people SkIllZ?

Agree in the long term. A slight corrective action might come when and if the Frenchies don't lay the smack down. But the long term is down, down. Did you read your morning Jack today, CS?

Gee, great 6 pip trades ya got going there. Living well up to your nick name here. When dailes are overbought, the risk for a correction tells the smart trader (I put that in italics for the same desired effect of your comment) to hold and give the RSI a chance to unwind before jumping back...

Closed EUR short at 1.2560 (+ 90 pips). Just as I thought in the last post, the weekend pre-move broke the range, just not on the side I figured it would :) But it was good for my short. Tempted to reshort, but won't do it over the weekend as dailies are overbought and scream for a correction.

I think "cando" is what he's calling the Canadian Dollar. Though I have to admit to never hearing that term anywhere before. I've heard Loonie and CAD, but oh well - everyone has their own nicknames I suppose. As for the spread, also no idea what this guy is talking about. I trade Oanda...

No.

The weekend will likely round it up. I'm thiking you're right, but overall the trend is still down. That is, unless we can see a close this evening above 1.2735 or so.

I thought so too, but that support went out the window. Nah, I'm out at the moment. Not getting back in unless I see another failed attempt at 1.2575 range. Then I'll go long with a tight stop. For now, I'm going to play the crosses.

No, I mean by coming into it with overbearing arrogance that provokes other posters to respond in kind, and therefore create a flame war like the last time you were here (the one I got drawn into because I didn't know any better).

Well, good luck with all that. But please don't ruin this thread. It's progressing rather nicely.