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I added another short at 1.23 and moved the others' stops to breakeven. My max loss would be about 9-10 pips of the last short. Chinook

Both Shorts and Longs are probably wetting their pants now during this 1.23 struggle :D Chinook

I couldn't resist and shorted E/$ from 1. 2309. The GBP is weak again and the bounce from 1.2300 didn't look like it'll hold... Chinook

I'm back from my 2.5 hours of sleep. I closed my late nite short with about 30 pips of profit. I see that E/$ hasn't moved a lot since I went to bed. Oil is up again. Let's see if it'll shape the day again. Regarding the E/$, I don't have a bias right now. We'll see how the day folds...

I ended up collecting my profits too late. I could have made 3x more. Oh well, I decided that Eur/$ will trend down but it didn't. I'm glad that I stuck with my initial decision though. Usually, I find that my initial thoughts are more "predictive" than the thoughts that shape after trying to...

OK. 1.2360 got tested and bounced back. I loosened my stop from 10 pips to 16. Next stop should be 1.2330 then maybe 1.2310. There are no major news coming out from US today but I think we'll see a big move later today either up or down. For now I'm still betting on the short side, my profit...

I'm around for a little bit. Euro started moving. I couldn't resist myself and shorted at 1.2352. I think I'll get bagged on this trade... Chinook

Thanks. I'm not looking at the crosses, I'll take your word for it :) So there seems to be both technical and fundamental reasons for the GBP sell-off today. Chinook

Regarding the GBP, it became weaker after the US data relative to Euro. Maybe coupled with what you mentioned caused a sell-off in GBP. The Euro is kind of doing random walk now. Actually it's forming a triangle, I just noticed. I think it'll stay below 1.2350 today. I'm not sure how much...

Why is British Pound is getting pounded relative to the Euro? Any takers... Chinook

I'm still short E/$. I'm not sure but the spike in oil @10:15 EST might be helping Eur. Right now I gave up most of my profits but I made the decision to hold on to this trade. It's a little game I play in my head. Some days I try to pick bottoms/tops for both entry/exits, but today I made a...

Good job. You almost got the peak. But I thought you were short EUR/USD :confused: Chinook

GBP/USD is getting beaten but E/$ is holding up well. chinook

Treasuries are not going down anymore, It looks like we'll churn here for a while. Chinook

GBP/USD crashing down, E/$ should follow it!!

Edit least this first bounce doesn't look like it'll stick...

The shorts came 2 and 4 minutes after the spike. The bounce from 1.2390 initiated the shorts. I think(hope) we'll at least see 1.2300 in a bit. Chinook

Shorted the spike @1.2377 and 1.2366 (futures) Chinook

OK. I'm back from my nap. The trade didn't work out as planned and got stopped out. I got whipped around today...Oh well, tomorrow's another trading day :) Tomorrow CPI should give E/$ a nice perturbation to trade around. I might open up a position later this evening if I see a very clear...

I'm short now at 1.2338. I'm hoping for a retest of daily low 1.2311. Chinook