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We need to push solidly below this 2692 area and stay there to test the bottom of the range. It will likely be a tough one. On the other hand, if we move back above 2525, then Soros and Gates will be very happy. DRT

Mr Yen Index is looking a little tired. He may get a second wind though. I think the USDJPY is headed way up personally. 140 before it is all over. DRT

The good old Dollar Index update. Any day now....

Okay here's what we need to happen. Either the ECB does not raise (that would be very unvigalent of Ms. Trichet) or more likely....he casts huge doubt in the infamous press conference about future hikes near term. Maybe he will use the term....kinda maybe likely we will be somewhat vigalent...

Here's a Long Term trade that I have open in my IRA. Not sure if anyone cares or not about the AUD. I got short back in Week 31 of this year at .7666. My targets are way down under (pun intended). Some of you may know that I am bearish long term on commodities and this is my play. It has been...

Well it looks like my CAD targets were fairly accurate. My CD position was filled at .8867 and it looks like the low was only a couple ticks past here. USDCAD hit a high of 1304. Just 1 tick past where I had mapped out. I don't usually do so well with this drunken pair. The EUR postions...

Wednesday night.... Here's an update on my positions. Week 1 - Closed trades P&L = $68,187 Week 2 - Current trades open. EC Still short 10 EC from 2850. EC closed today at 2766. Up 84 ticks per contract or $10,500. Short 10 EC from 2783. Up 17 ticks per contract or $4,250. Short...

Hmmm. This is interesting. Thanks.

Okay folks. I am going fishing. I have orders in to get completely flat on all open EC and all open CD positions if my above levels are hit. Take care and I will update when I get back. Remeber....Ms. Trichet is babbling about tommorrow and the charts indicate we are in for a big surprise...

As value builds, I think the better entry if you are inclined to trade back against this run is a long around 2642 SPOT, 2696 (EC).

Checking in on the USDJPY. If we break the high today, then 119.10 area. CAUTION HERE: Not sure if you remember, but a few posts ago I was concerned that we took off with out testing the 117.33 area more. I am more inclined to wait for this level to be tested again before entering on a...

Another good target on USDCAD is 1320. I usually get out a little early or on a run through my target. DRT

Again, my methodology tells me to take profit on the CAD futures play around the 8667 area (CD) or the 1303 area USDCAD. These levels could also play a counter trend short trade in the opposite direction, but I will not be doing that. DRT

If you are an aggressive trader (and I do mean aggressive) you could possibly play a long trade out of 2710 EC or 2651 EURUSD. See if this idea fits in with any of your current ideas or methodology. DRT

Also going to take off 20 EC contracts at 2710. I will leave 10 open. Look for a tail. I would like to reset the shorts in EC if we retest the 2759-61 area. DRT

I am going t cover my open CAD futures trade at .8867 if we ever get there and then look things over. DRT

I agree Ivan. All we have been doing is flowing along with all of the plays. It gets old after a while. 16:02 EUR/USD: Hijacked Plane Lands in Brindisi, Italy] Boston, October 3. Dow Jones reports that the hijacked Turkish airliner has landed at Brindisi, Italy. The EUR/USD has eased...

I tried to keep it a secret, but they found out... 13:42 FX OPTIONS: EUR/USD Large 1.2600-1.2850 DNT Expiry Friday] London, October 3. A 1.2600-1.2850 exotic Double No Touch option, carrying a large payout, is slated to roll off this Friday (post-US employment report). The DNT...

I think the US stock markets are heading up big time. Especially since all I am hearing is how we are due for a move down. WHat if the SP went to 1500 area? Anyone know what this would mean for the USD vs the majors?? if something like this did occur.

This small battle we are in right now in the 2720 midrange of the EURUSD is very important. I think the winner may take all at some point over the next few sessions. Hopefully some of you got in on the CAD buy from yesterday. I know Kastro did. He is paying for his megayacht with it.:) DRT