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Yes, it does. And I pray (I really do) that you never get burnt trading like that in the future. Cheers, sir. -Ivan

I dropped the EUR @ 1.2650 on it's failed break of 65. (55 pips profit). Whoops...forgot to add that I pivoted and went short there too. With all due respect, Coinz - I notice you are a lot cockier now that the EUR is down where you were short. I can appreciate you holding out that long...

Went long at 1.2595. I think a base has formed, and daily bearish momentum has lost it's bite. I realize fundies point lower in the coming months, but pricing suggests a range here for a bit. I do not anticipate any lower for the next...well, till the end of the week at the very least. Of...

The only thing I know for sure is that you've stolen my cereal bowl analogy.

I've seen some madmen that have 400:1 margin. Personally, I think this to be ridiculous. I use 20:1. That's what I fee comfy with.

Glad you got out of that, Coinz. But don't you think you could have made a lot more money if you had just set a stop loss a long time ago? Instead of waiting 8 months in prayer for it to come back?

I must admit being very afraid to short at this level, especially in light of oversold factors.

Thanks, Gring. Miss your comments here. I just closed all EUR trades - 1.2670. I'm out. To me, this is a critical point, not sure we'll see lower than this. If it breaks 1.2660, it'll probably go down to the 61.8% retracement of 1.2490. But I'm not getting in until we see a break below...

Still short, although watching it very carefully. If it resists the 1.27 level strongly, then I'll take profit. If not, I'll hold all the way down to 1.2640. Cheers.

Still short. Added to it before trade data, and was glad I did.

I dunno. I trade with Oanda and have no problems. Sure, there are a few things I wish were a tad different, but life isn't perfect.

As always, a good read, EF.

Ah, I hear ya.

Yep, 200 day MA has just been broken (last time was September of last year).

And that job number will pretty much put a nail in the coffin for a while on the EUR, Neal. Hope you liquidated your longs. Glad I'm nice and short. -Ivan

Hmmm...not sure I follow you. I attached the Yen chart. Pls explain. Are you saying we could be seeing a setup to drop the USD 20 or so yen? Or the other way around? No way the BoJ will let a 20 point strengthen come.

N- Agree wholeheartedly on the EUR thing. That's why I didn't want to go long EUR. As for yen, gonna check out what you're talking about now. Thanks. -I

Closed trade at 1.2936 for about 54 ticks of profit. Thomsom claims there's an Eastern Euro CB camped at 1.2930

Wow...seems (note: seems) like a great short. Spot got hammered back to 1.2965

Just re-shorted at 1.2990. I understand US and UK names are gunning for stops at 1.3000, but I cannot see justification in driving the EUR up like this outside of sillyness. Check out more Jack: http://www.blackswantrading.com/files/169f87886659bdd/bsccc050405.pdf This quote is...