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With the 10:00 AM US data coming, this may not play out but watch the price rotation around EURUSD 1.2700 on spot. Let's see if value builds 15 points on either side before the breakout.

Still holding long on USDJPY at 116.19. I have the 116.27 area as the launching pad. I will see a move down 116 area but no lower. Looking for this to move up 116.81 area, then onto 117.50. If we hold the 117.50 area, there is very good upside potential in my opinion. The next stop would be...

Damn CAD is still drunk driving. I am still sitting on this for now. Spot is resolving a key 1150 area. We need to move up from here. I will get out and take my lumps if this settles below the 1140 area. You have to figure sooner or later this move will break. I'm sure it will happen as soon...

I decided to take off 30 at 2757. I still see it going thru 2686 spot, but I will watch for a while and decide on a good place to add back in short. I want to watch the resolution of this 2720 midrange area for a while. Leaving 20 contracts short for now. DRT

Also covering my 10 contracts of BP ow at 8956. DRT

I am going to cover 30 contracts of my EC position when (if) spot moves below 2686 DRT

Euro May Drop on Concern German Business Confidence Is Waning By Kosuke Goto Sept. 26 (Bloomberg) -- The euro may weaken for a second day against the dollar and yen on expectations a survey today will show business confidence in Germany slipped this month. The report may convince...

Reminder for all you early risers in the Eastern US.... German IFO Data is due at 4:00 AM EST (8:00 GMT). Not sure if I am going to rise and shine for that one or not. See you tommorrow. DRT

Still hanging in.

Monday evening update..not making much traction which is not a good sign. Short 50 contracts EC at 2850. Closed at 2805. Up 45 ticks or $28,125. Short 20 contracts CD at 8977. Closed 8974. Up 3 ticks or $600 Short 10 contracts BP at 9041. Closed 9019. Up 18 ticks or $1,375. Long 10...

Sent you a PM.

A check on da bonds has them not cooperating again today, so anymore downside is unlikely. I am going fishing. It is rockfish season here on the Chesapeake. Or striped bass for you Northern folk. Try to let this 2720 (spot) midrange play out if you can. If we get down below here it will...

One thing I have noticed after staring at price action for so long is that when an "00" number is breached, value will be tested on either side for approx 15 points. So lets say you trade down thru 1.2800, many times 2785 will hold and value will build around 2800, back up to 2815 until a new...

If you are trading EC, nothing wrong with taking off some at 2783. I suspect this may hold today, but who knows. Looking up the other way, you could place your stop above 2810 to lock in some profit. DRT

Take this babble with many grains of salt... 13:57 FX OPTIONS: EUR/USD Talk of a 1.2600-1.2850 DNT In Play] London, September 25. We have been informed that a 1.2600-1.2850 exotic Double No Touch option is in play, having reportedly been bought on Friday. EUR/USD last traded at/above...

EURUSD Things are going to get intense as the EURUSD approaches the 2750/2720 area. Hang on to you mouse. Option players are zapping things. Ideally, you are short from above and can watch the battle from the mountaintop. EC The 2832 area on the EC is being tested. If this holds...

Do you know where your trades are being placed in relation to value? If you are trying to develop a successful methodology, then find out.

Canadian Dollar heading into 9/24 This pair is a different animal. I am not going to go into any long discussion on it other then to say I think it represents a tremendous opportunity for profit over the next many, many months. I am anti oil, commods so this is my proxy sort of. Feel free to...

The US Dollar index is clinging to the uptrend line. It was tested once again last week. I keep thinking we are at the make or break point in the currency markets, but they never make or break. One thing is for sure, when they do finally go, it will be ugly. Time to sharpen up, cause Mr. October...

A generalization..... I have several longer term studies that point to a major change in October. As I have said before, I do not trade based on these studies, but I certainly use them to help shape my thoughts. If you study this chart, you will see that it is based on the big top and the...