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Well said.

Only market makers, IBs and other interested in pips/commisions per round turn sides are encouraging the scalping aproach...

My pleasure.

Looking to take short usdyen, and maybe long gbpusd as well. Euro crosses are good to sell as well, but no entry on any apir generated yet, so lets wait.

eurgbo short position closed at entry level

Well, as I said, expected correction on euro is in place (now @1.1415). Now we watch how serious this move is. Lets see today's closing first. The gap area is also important to be watched. If gap is filled, 1.1220/50 become very feasible targets. However, I am still looking to buy cable, but I...

Hello everyone. SPOT (single payment option transaction) is options trading and has nothing to do with traditional spot currency market except for market prices. The name is misleading. Its just kind of options trading, but in simplified form. The difference is that unlike in regular...

EURGBP : I am holding short @6930, it was as low as 6905 on friday, and stop was moved to entry level. Afterwards it almost got closed, but missed couple pips. Still holding, and working the triangle on daily charts. In case we break downside, my target of 6770 shouldnt be a problem. Nothing...

AUDUSD: We can absorve here the shooting stars just as on eurusd daily chart, but unlike on euro, candle seems to start doing its job. Except for that, same candle is on weekly chart, which rarely gives false signals. No trades considered here, because recent trend was definatly upside, and it...

USDJPY: The neck line on weekly chart was broken 2 weeks ago, and its no wonder we are heading down. In my opinion we are going to hit 109 at least after this break. Unfortunatly after the break of 115, I didnt get to enter the market - it was moving too fast and too agressive. I almost never...

Hello Everyone, hope everyone is enjoying the weekend, here are weekly commentary, thoughts and strategy for coming days. Holding the short from Sep.24: eurgbp @6930 with stop at entry level and tp @0.6770. EURUSD: Very quiet market we got last week compared to recent aggressive weeks...

:) Good one Lobster. As for glossary, here it is: http://www.moneytec.com/modules.php?op=modload&name=FAQ&file=index&myfaq=yes&id_cat=4&categories=Forex+Glossary#94&menu=24 I dont know how good it is, but thats forex glossary.

I'm done for this week. Holding the eurgbp over the weekend if it will not be closed at b/e. Have a great weekend everyone, Regards, Rezo.

Holding open position: short EURGBP@6930, and as promised, I just moved stop to entry level, because low of 6910 was just hit. Plan remains unchanged: once/if price (ask) reaches 6895, stop to 6920 (lock 10 pips) target is same : 0.6770

Hello people. I just read this thread, and decided to contribute my 2 c. First let me thank you Patrick for kind word, but lets not make my trading example for others. I just put my thoughts, others may take it as they wish. But thank you. Mauzj: - You've been trading real money from the...

Huge seloff on street, and still euro and others don't manage to establish new highs...If I add the candle on dailies and couple more signs I will not talk about, I say good chances we are going to see nice correction for the start. But no selling for me yet (talking euro). I need couple more...

Thanx :D

Ye, you're right its once it gets to 6895, I edited that post, typo.

Little move in favor of eurgbp position now, but there is a serious support level at 0.6885. Stops will be readjusted as follows: once/if price (ask) reaches 6910, stop to entry level, once/if price (ask) reaches 6895, stop to 6920 (lock 10 pips)

My mistake, its 160pips, and not 165