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I'm neutral now. I just didn't want to give back my profits. I try to keep my options open. I used to wait for big trend days and get chopped or give back nice profits. Now I try to milk $$$ from the chop too. It took me a while to get used to switching sides. The more flexible my head is...

trade-ya1, The day is still young. Now we got the 1.21 test out of the way. I'm long for now too. However, the bounce from 1.21 is kind of weak. We've seen about 75 pip range so far. Maybe 1.2130 will be the equilibrium level today. Chinook

My timeframe is intraday. My trades last from couple of minutes to couple of hours. I look at bonds, oil, GBPUSD, FX futures volume and market depth. I don't have an exact trigger. Sometimes I go for local double tops/bottoms and sometimes a trendline violation or confirmation. I don't use...

I'm long now from 1.2097 for 10-20 pips. Chinook

Thanks. I covered now. Maybe I'll reshort if it bounces up 10-15 pips. Chinook

krupkinm, No I don't trade it . What is that? I just shorted now at 1.2128. It doesn't look very strong now. Chinook

TRADERGuy, Not at all. Actually this is nice. We can exchange ideas etc...Where are you trading from? I'm in Portland, OR. I think we'll see some churning here...Maybe even a test of 1.21. Chinook

TraderGuy, I just got up. Good job. You almost got at the top. Chinook

Yeah, I went down like a ripe pear falling down from a tree shaken by a hungry bear :) Anyway, I might re-enter during the European session if there's a retrace. But probably I'll go to bed early and get rested well for tomorrow. Chinook

I'll try not to open new positions during the early Japanese sessions unless we make a significant double top or bottom. I'd better wait until 2-3am EST when the Europeans start trading. E/$ rarely trends during the Japanese sessions these days. Chinook

Thanks! I would to keep an honest thread so we can have some sincere discussions here. Plus, hopefully I'll get some feedback and perhaps motivate more idea exchanges. Chinook

Yes, I got shaken out. This is my worst shake out recently. It went down free falling and then snapped right back. I'm not sure if I'll risk more tonight. Maybe if it retraces down to high 20s. You're trading the FX Futures right? Chinook

Hi Traderguy, The session low so far is about 1.2130, if we see a bounce from here 70-80 pips is likely. Chinook

At this stage, I'm betting for an overnight bounce. I'm long from 1.2140 --stop set at 1.2120 and target set at 1.2196. Chinook

It was a roller coaster ride for me today. My overnight long got stopped out while I was asleep before the US open. After sleeping only for two hours, my mind got into an interesting zone and I started going after 7-8 pips at a time both long and short. This is something I don't usually do. But...

Neal, I can't comment on the long-term prediction for Eur/$ but as long as you're putting long Eur positions within your risk limits and be able to sleep fine then you're doing OK. Be careful, don't let butterflies start showing up in your stomach. Well you know, we can't predict madness of...

Something wild happened to me this morning, I started scalping (or whatever you call it) 7-8 ticks both long and short. NO prejudices in my head, I think my subconscious mind is just driving me to make money--thanks to my meditation and visualization sessions! Chinook

My long trade didn't work out as planned and got stopped out. The day's still young :) Chinook

It does since we can't predict the future. I bet a certain amount and if the position goes againts me I lose it. I'm not talking about holding to a losing position and hoping for a reversal. Chinook

OK gang. I'm betting that E/$ is going up after retesting (almost) the low of the day. I'm hoping for 1.2330. I'm long from 1.2298. Chinook