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The one idea from Fisher that I was able to use right away is Time. In the major currencies, there's lots of smart Traders, lots of eyeballs watching those screens. When a move is happening, everyone usually knows about it, the best Traders know what the market should be doing given the...

Short Aud.7433.

Aud looks interesting as a short. It's had a two step correction on the dailys. The only question is whether it stops going up right here or higher. Given the choppy nature of the market here, I'll wait.

We may be getting into a Bollinger Band type of market where you turn the rules inside out and buy low and sell high. Which runs against the grain for this trader. I'm always looking for the ongoing trend,but if we don't have one it makes things difficult.

This may be one of those times when you look back and ask yourself, "Why was I trying to buy X when it was in such a strong downtrend for such a long time? I'm standing aside until I see more evidence either way.

Out, flat. Got stopped on Euro, obviously. Reentered short at 10650. Took a small amount back at 10633. Most of my profits came from long USD Jpy. So I took a modest amount out of the market, and managed to keep my skin intact. Going to watch now. Euro not trading to my liking.

Aussie sort of giving me fits, so I'm giving it a wide berth. One of these days it will go down when the dollar goes up. Maybe.

Still holding smaller Euro position after working my way out between 105.38 and .50. Added to Aussie short above .7440. Long USD JPY from 113.50

Took a little off at 105.12. I hate to do it but there's always another retracement somewhere.

Staying short euro as long as I can. Markets hate surprises. I was reading some of the press this afternoon and it was just like before Brexit and Trump. Lots of denial still. It was pretty clear to me that the press wanted a yes vote.

Dumped USD/JPY. It'll probably go up but during Brexit there was a flight to quality to the yen as well as USD.

USD/Jpy I've got on a short leash, small size, as it reacted the wrong way at first.

Aud .7410 is key right now

Pip run trading this? I'm short euro, aud, Jpy. Euro I could only get off a little as it popped above 105.60. Aud short from .7418. USD/Jpy from 113.24. Hard to get good fills.

The only thing I can think of is they are already short somewhere somehow. There is a large short in Italian bonds for instance. Greece, Spain, Portugal perhaps. Maybe they are way ahead already on those positions, since a lot of them have fallen. It's just a guess.

It's about the real interest rate, not the nominal one. And I know very little about it all, other than the concept.

There's just so much debt in the periphery of Europe and not much growth it seems. Eventually things will change. It's like the old joke--The only two things i dislike are change and the way things are. You can't have a social welfare state go on forever. But nobody but the fringe wants to do...

It's like this. First Greece. Then Britain. Maybe now Italy. Different circumstances in each case, but a tapestry of problems. It's not the USA where there are individual states but a common government. And the technical picture stinks too. That doesn't mean it can't rally temporarily. But the...

I really can't, but I suspect it has to do with hedging short positions elsewhere. Maybe bonds. It seems that awhile back Piptaker was saying here that commercials were net long the Euro in the COT report. That was when euro was much higher. It was in this thread. So I just watch the price and...

It has more to do with the Italian bonds-- their ability to borrow. The Italian banks are already shaky. Markets generally don't like instability, nor do most who would invest in a business. It's all about having faith in what seems to be a patched together system. The Trader in me says sell...