Search results

Hang in there. I have topside targets in the USDJPY of 118.20 and 119.09. Signed, The Broken Record

Good morning everyone. Looks like the Euro is still climbing. I added to my short postion in the EC at 1.2151. I do think spot is going to continue up to the 2096 - 2114 level though. Good luck today DRT

I strive for weekly consistency. Not daily. Give yourselves a break and measure by the week and month. (even if you daytrade) DRT

Put up a weekly chart of the EURUSD/EC and compare it to the bonds chart I posted. My point with posting this chart is that I think the bonds are headed lower. (as well as the EURUSD) Do you understand the inverse relationship between interest rates and bond prices? If not, do a google...

2% Regression Channel connecting the Oct 1998 high and the December 2004 high. Back up to top or down to bottom? DRT

Hey doc, This signal is still in place for me. Not sure what your risk tolerance is on this. Look like it moved 29 points against so far. If the the USD is sold off tonight strongly, I would get out quickly otherwise I will update the targets as time goes on.

My reasons are really not explainable in a post or two. It has more to do with my long term technical method and nothing to do with any thing closely related to a fundamental reason. I know it seems silly now, but my studies indicate that this pair is headed in descending order to: EC...

I am holding short too, but it is getting painful. I think we are headed south.

Good luck with this. It sure looks good. I am getting close to my breaking point with the short. It just keeps going and going..... I keep seeeing a move down...maybe I need new glasses. DRT

?

Just an FYI - I suspect there is CB/other activity at the 1.2120 level around 1:00. Buying or Selling ? Who knows, but there are some fairly big numbers in the ASK column. 500 - 900 contracts I have seen so far.

I find it interesting that the EURUSD marketplace is hinging on each news related item that comes along. The US Senate and China, Current Accounts, Interest Rates, weather forecast, nuclear wars, etc. Bottom line is that nobody has a clue what to do.

I forgot to mention that I think it is going down.....just no idea when. May June, July:p Stop Loss set at 900 ticks

Be careful today. I am still short. There is a lot of emotion generating movement today. Also the ever present market manipulation that I am always amazed when I see. I think the EURO is headed way down.

I have a short set up on the JY futures at .8618. T1 = .8584 T2 = .8557 area Please use your judgement. It is definitely a high risk. It is a trade I would always take. Use a stop. The cash trade is long at 117.42 T1= .1787 T2= .1803-1808

Keep an eye on the JPY. If the current level around 117.42 holds. I think it will move up strongly. On the other hand...if it gives way to any degree than lookout below.

Just a reminder for tommorrow, I think the the TIC data comes out at 14:00 GMT/9:00 AM EST

The View Down River (ECM06) Price is at 1.2083 I am currently short at 1.2034 and down 49 ticks Here's what I see for short term trading 2152 - Very Strong Resistance 2128 - Strong Resistance 1.2096 - Short below this level/Long above 2066-73 - Very Strong support. 2052 -...

No secret on the platform. If you read thru spersky's post above he mentions the Matrix in Tradestation. Price is plotted on a vertical axis and volume bars are plotted next to price on a horizontal axis. I will try to post some shots of it in the coming sessions. You can go to...

newbby, I think what Martin Gale might have been saying is that there is really no book that can tell you how to trade forex. You just have to dig in and stake your claim. Watch and learn the market for a few thousand days while losing as little as possible. Spend time reading here at ET...