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Please read thread from February (http://elitetrader.com/vb/showthread.php?s=&postid=436223#post436223) I posted charts and explanation. I wrote back then that buying this pair may be considered for 111.00 target. Here is the quote from 02.22.04 11.41pm from that thread: And see...

We've been as high as 109.45 over the night, now trading at 109.25. After 40 pips in favor, I have just moved stops to lock 10 pips on small target trade (from 108.70 to 109.15) and to breakeven on longer term trade (from 108.35 to 109.05). Good Luck!

Hello Everyone!!! I have just bought USDJPY at 109.05. That is the price the second I am posting this. Small target is 55 pips with 35 stop, and for those who prefer longer term target, its 111.00 with stop at 108.35. Good Luck!

USDCHF: Same as on Euro – for now sidelined, but USD may be a good buy next week(s). On the bigger picture USD is still very weak, and we can talk only about corrective move right now. Not more than that. Let’s see how it behaves around the first resistance area coming: 1.2650-1.2700...

USDJPY: Very attractive for buying even though we saw very strong USD buying already. The possible target I see at the moment is 111 figure (to be more accurate, 111.10 – the 38% fibo of August 2003 – recent 105 lows). First resistance is coming from 110.00–110.50 area, after which the...

GBPUSD No need in much philosophy here to see that Cable was and is much more confident than all other major currencies against USD. New highs, very strong buying, but now I think its provoked by the overall USD strengthening. After the break which I mentioned in the beginning of the month, we...

Greetings Everyone. Aggressive sell off (euro) - the one we saw on Friday. It may have been expected after the failure to break 1.29, but it was still questionable whether it was too early or not to start buying the USD. Ok, that's all history now, so lets think about what is it there to look...

I work with Refco and CBFX. Refco - no requotings not ecen once. CBFX - happened. Refco and FXCM are offering same high level of service. No matter what kind market, if you click on sell/buy, there is no requoting. The only thing that couple times happpend is that the trade DID get executed...

Thats exactly what I meant when in the previous post I said: lets not jump into conclusions just yet. On Saddam capture we also got -150 pips lower opening, but we all know what happened next... Its already at 1.2660 after being as high as 1.2670... Nice action...Europe will probably...

Hi Paul, thanks. Hi Sergio. I am fine, thanks. how are you? Well, I see euro is at 1.26 point now at saxo rates, so I guess that G7 meeting is good for USD. I dont follow and dont let it mess with my point of view. I am purely basing my trading on tchnical analysis, so G7 will only make...

Hello Everyone, Hope you all had a wonderful weekend. Lets take a look at the market a bit before its opening. EURUSD: As those who followed this thread know, we were inside the triangle formation on the single currency. This is a major triangle, which is viewable on daily charts, but I...

Good Morning Everyone, Well, we are still in the triangle on the EURO, and are awaiting for the break. It may hapen anytime from now to early next week (I think monday - tuesday is the latest). Break should be impressive, so lets see what will it be. I thought I may enter even inside the...

If we look at the 240 min charts, we can observe what a nice trend line we got, and its suggesting buying near 1.3250 with stops below 1.32, but on hourly chart, line through recent 2 bottoms suggests buying below current 1.3330 levels, where 3d bottom could be formed. In case we do continue...

Here is another interesting situation I am looking at right now. Its USDCAD. As those of you who followed my posts last month know, I was bullish on this pair from the beginning of January, and entered long at 1.3128 with target set back then to 1.3360. Well, the target was met but I was taken...

Hello Everyone, Little late with opening a thread for this month, but I had some problems with the broker right at the opening of the week :( business is business; nothing we can do - there are problems in any business, and ours is not an exception. Ok, little bit about the market...

Hello Everyone, hi eurextrdr! Well, bad luck with the stop: I moved the stop to protect 50 pips after it was over 130 pips in my favor; stop was at 1.3178 and low was at 1.3177 on retracement from 1.3259...so it took my protective stop, and resumed the move towards 1.3290...now its at 1.3255...

moving stops to lock 50 pips of profit now.

Hello Everyone, USDCAD long position is still open at 1.3128, currently we are trading at 1.3080 after diving yesterday to 1.3037. Stop is in place at 1.3015. We are in channel on 240 min charts, which should be targeting the 1.3360 target area in the next move unless we break the...

I dont know - lots of articles are on this already - its beating the speed records of spreading through email. I read that every 12 email sent at the moment contains virus. I received 13 new emails in last 90 mins. All over since it started in the afternoon - around 30-40...

Had no idea where to put this :)