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Well, here you go - another good example of Friday trap. I stick to my plan of waiting 2-3 days for situation to become clear. Despite what is going today, I prefer waiting. There is enough room for move (see the table). If I get to grab part of it, its good enough...if not - I will wait again...

Depends on your trading style...

EURJPY: I mentioned last week that short position may be an option, but we got upside move in the beginning of the week, followed by seloff on Friday after bearish candle on Thursday. Now short position on this pair seems to be a good possibility, and I will be looking for sell opportunity if...

EURGBP : Week close at 0.6969. This cross pair is still in a descending triangle, and I am expecting for nice move once its out of it. Maybe I will be entering short even inside the triangle. Target for this position is at least 0.6770. This week we saw another failure to break upside, and now...

Here is the table I promised

I heard CFTC adjusting maximum allowed leverage of 1:50 soon, but I don't remember where I read it - maybe its just a rumor...I don't know

Hi Everyone. I am working with Refco and Cbfx (commerce bank). I am familiar with Refco Platform for long time now, and recently started working with cbfx as well. Cannot give you much feedback about the CBFX platform, but Refcos' platform is good - no doubts on that. With Cbfx I got familiar...

Saturday, October 04, 2003 EURUSD: Weekly opening around 1.1460 Weekly closing around 1.1570 As we see, on the longer term charts we still got euro going up. So for now there are still no serious concerns about the Fridays' sell off. However, we are going up without any more or...

Ok, thats it for now, see you all next week in new thread with new weekly commentary on weekend to sum up this week action and try decide whats the strategy for coming days. I thank everyone for participating and reading. Lets enjoy the coming weekend, Regards, Rezo

Ok, lets take a look at euro once again: Well, it is about to break downside, and if it happens, we may target 1.1365 at least - maybe 1.13. For now this conclusion is made purely on the cannel pattern. I don't see this scenario becoming reality yet. However, if there will be no bounce back...

Yep, me too. But I think anyone here can only assume - just like me. We need some official representative to understand this issue till the end. But fact remains fact. I hear more and more about "investment houses" who practice such kind of "investments" and when picking traders, main criteria...

Euro is going down, but if we look at the picture, 1.1570-1.16 area may be a good place to take long positions. We already saw how the price bounced off those levels, and I think its not a bad possibility for trading. I will be looking close at those levels and if confirmed technically and entry...

well, here we go - the seloff on euro and swissy, Euro @1.1630 (70 pips down in 10 minutes). If we look into euro channel, I think we are going to 1.16 area for now; lets see how it goes afterwards. Same on swissy - now @1.3260, and inside the channel. But swissy has much more room inside the...

Ok, we did get a little push back. When I posted the last one, swissy was at 1.3165, now its 1.3205...If we look at the last chart, I think we are testing 1.3210 now. If we go through it, we get to /3250, followed by /80...as I said, if we go through /80, we may see 13400 (well, actually some...

I dont know what happens at Knight, but how can investors money be traded by newbies - thats my point. Once again, I dont know what exactly goes with Refco or FXCM, but if this is the case, it really is sad. If they were training and giving test prtiods - thats nother thing, but not like this...

Hello everyone. Here's my strategy (more or less) for today. I am looking at: audusd usdchf usdjpy gbpusd eurusd as still good trades against USD. But now I think its better to wait for correction - at least a little in order to enter. I will choose maximum 3 of those listed above, and...

Hello Everyone. Could someone kindly tell me where are those magic prop trading firms that do not require from trader to trade a LOT (not that I am interestes to work there, but still...), because I am seeing the clear tendency of "not caring" of returns at all, more important is to trade...

Here are the level - I think if we go through 1.3280 area and close there well, we may get 1.34 easy. On the downside its only 1.3120/30 as I mentioned earlier. Dont know why, but I have close eye on this pair...is it for good or bad? well, we'll see that togather :)

NQ stopped, Result: NQ -23.5 pts ES - 9.95 pts

Very nice move on swissy (now 13190) - maybe I get to reenter yesterday short at even better price. Now lets see where is it going to...I am watching the channel area - if it gets back into in, we may get higher correction (look at yesterday's chart for the channel). Euro (n.11687) is still in...