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I followed my own advice and went in a few times around 1.2715 for roughly 11 ticks. I don't have the courage to hold any longer, when stalling sets in. I did two small scalps going long earlier for 2x 2 ticks - I was fretted out by the lack of a clear signal for my trading. I think we can se...

Anyone favouring a bounce here ? Any thoughts ? :) Perhaps around 1.2715 ? edit: Thomson also cites the european closing hours as a factor. Then markets were beginning to stress a little with the oil data and the recent run-up, I guess.

Oil was turning down to the 53s. Almost pegging EURUSD. GDP growth is in focus next - the oil prices were hurting possible growth and now we have to see if it has any immediate effect.

Thomson are short at 1.2800 with target 1.2685 and stop above 1.2840 ... I don't think I agree with them on this on just yet. Like Deutsche Bank reports: EUR USD (1.2755) In NY trading yesterday, the euro embarked on its biggest decline since the runaway advance got underway two weeks ago...

Yes, although I imagine they are not snapshot-true when numbers are released ... then I only trust the best bid/ask data. I need to get other sources API finished - e.g Velocity X-Trader to see if that one is complete with changes to orderbook.

Yes, the volume was extremely heavy around the durable goods number with thousands of contracts within timespan of a few seconds in transactions. Baffling. I wish Thomson would comment EuroFX too. :)

Hehe, yes. I already did the 5- and 6-digit financial goals when I was working .. and those were yearly target jumps mind you. There was no time like those 90s until 99. :) I have this target indefinitely - no time limit. :D It seems the current levels on the EuroFX are bewildering ... I...

Maybe, it wouldn't surprise anyone if the squeezing also was part of Timber Hill Trading, but they apparently have no information about the IB customers' trading by default. Only some SMART-routed orders go through the Timber Hill part, when they can make an better offer, if I understood...

Sure, no hard feelings. I just like to come out strongly when I think it's needed, because users "moderating" content in threads is better than having the designated moderators do the job. But like I have mentioned in various threads - an electronic forum is difficult because you never see the...

Very true. The 38.2% fib is constantly mentioned by absolutely all analysts, and figure prominently in every their analysis as key levels.

Market makers are squeezing those small traders into the RTH margin requirement close 14:45 EST with both spot FXs and EuroFX at stable,strong bid on 1.2755. These kinds of information is only good for very short term trades, or perhaps when joined with other hints it can substantiate a...

I was fully aware of comments like this would be surfacing when mentioning my other trades, but it depends on who are reading the tread too. If you want I can take a discussion with on the matter, or were you just looking for some quick fun poking there ? :) Just check out some of my other...

Just wanted to comment on the benefits of trading demo spot FX a little: I find that I always am looking for a trade, even in small timeframes for choppy doldrum consitions. I enjoy the thrill of trading etc. Therefore I make many "mental trades" for the enjoyment as well as the...

Yes, I think that world affairs and any sight on improving it will do for a little USD relief. Still, everyone are talking 1.30s now as quite possible Real Soon Now. edit: Thomson got stopped out, but they don't support a short bias from here any time soon - still after 9 up days for the...

That's my opinion now as well. I think it got a "life" of it's own now with the medium-/short-term trader rotation like Deutsche Bank mentioned. We have definitely broken out of the previous range and need to adapt to new market conditions as they are being shaped amongst us all. The...

How about those stops run over 1.28 overnight ... ? :) I too agree that one can say that the 1.2740 stops would be tested - especially when we are consolidating the high levels now. The problem is taking advantage of this analysis with correct entry and sizing,scaling so that one comes out with...

Well, I got into trading at the european close today. It was a little slide down to the 1.2740s, but nothing worrisome. I have a long bias as well, so better use it well. :) Still, 13 ticks on 2 trades - a long and a quick short until now. I am trading very carefully on the EuroFX, while I am...

Some interesting comment from Deutsche Bank today: EUR USD (1.2825) Yesterday’s EUR-Sentiment Survey* produced one of the most remarkable results of the year: the biggest one-week fall in optimism among medium-term traders and the biggest one-week rise in the euro. The medium-term crowd must...

Hehe, I don't know which one will be taken out first, although I'd say it seems easier to go a little down now than busting upwards even more. I am long on spot FX demo from this level. There is some hesitant trading seen here, and I just want to stay away for a little ... from these crimson...

Deutsche Bank comments that they think daytraders will be very careful today. That's my impression too. I think we can see very choppy conditions because of uncertainty of the substance in this rally. Oil and the double deficits are the usual suspects, but now we also have corporate hedgers and...