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I just closed this. Things are thin. I want to see if this area gives way. I sold at 1.1951 for a small 10 tick profit. Key off the 1.1960 area. Above this is fairly bullish. A pullback here and move down may see more action to the south. DRT

7:36 AM Price at 1.951. Things are a little slow today. This is a key level for both FX and Spot. A break below here and we should see more downside. However, if there is a bounce out of this 1.1950 area. I will cover it and wait. DRT

This is from Thomson.

Sydney, February 20: The EUR/USD is expected to remain sidelined today due to the US holiday after a pretty whippy session on Friday. There is a story going around that a "mis-trade" occurred on Friday afternoon with an entity looking to sell Eurodollar futures and accidentally sold over...

I just got filled short at 1.1961. I am looking for price to move down to the 1923-28 area. I will update. I will not take much pain on this one if it moves against me. DRT

Just after 5:00 AM and here are my thoughts. Price is at 1.1957. I am glad I exited and went to bed. Things never went up any further. At first glance, it looks like price wants to move down. I see 2 good levels moving down if this does happen. 1.1923 to 1.1928 1.1907 to 1.1911 area...

I have many "key focus levels" one of which is always Pvt points, but I do not rely on typical pvt point calcs for my trading decisions. Do you use these?

I just sold at 1.987. I am tired and going to bed. I may get up and trade the London session since tommorrow is a holiday here. I think there may be a lot of upside potential, but will take a look once some flow begins. Not bad for Sunday night...we picked up 32 points on this trade...

9:30 PM Price at 1.1984. I see some pretty strong defense on the spot side around these levels. I am going to exit at 1.1997 - 1.2001 if I can get it or before if things start looking worse. DRT

This is interesting.... Sydney, February 20: The EUR/USD is expected to remain sidelined today due to the US holiday after a pretty whippy session on Friday. There is a story going around that a "mis-trade" occurred on Friday afternoon with an entity looking to sell Eurodollar...

3 ticks is 3 ticks, nice job.

If by chance we do pentrate the 1.1969 area by several ticks and then pullback to it and hold, that is a good sign and would be a nice place to enter long. If the selling is too intense around this high, and we fail here I will cover.

I am long at 1.1955. If we can get thur the 1.969 area then I will exit at 1.2001 or when spot hits the .1985 area. Also see 1.2015 as a target. I think a better entry is at 1.1929, but I do not think we will get there and the holiday trading may effect it also.

Welcome aboard BLR. Looking forward to your input. Are you taking short term positions during the day while you work or what? Are you position trading? Must be tough but looks like you have mastered it to some degree.

Any thoughts on where you headed Doc?

More importantly...what happens if I eat some of those white cheddar cheez-its before trying to analyze my charts:D

This is cool!

Just a reminder, Monday is a holiday at CME Globex. Closes early at 12:00 Noon CST. http://www.cme.com/trading/res/cch/holiday_calendar3513.html

Bitstream, I am not saying go long (or short). This is more of a generalization about the market. I would look for other confirming reasons in your methodology before making that decision. I am assuming you will do that, but I did not intend this post to generate a trade decision. Just some...

Here's the weekly view.