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I was stopped out there with a -7 loss on those +25 earlier. Not too bad considering ... :) edit: Hahaha, now Thomson says that USDJPY may have "hit a ceiling" already at 105.44 . The nerve ...

Consider the Thomson news service with FXCM, RefcoFX or on www.ifrmarkets.com which at least gets you some information like this - albeit not always reliable - just like with the trading desks. You got to sift through the bullsh*t and get what it means in markets.

I was just going to write a post about that "news item". My response to that "news" was smirking - then "what a load of cr*c!" Take a look on the charts. What on earth is "firming up" the USDJPY here at the lows ?!? I would say it strengthens EURUSD with USDJPY back at these low levels ...

That's what I do too - just that I check the price-action in the book etc. So I get a little more finer grained time frame than you. But my "position" is also not of such a long time frame - maybe less than 6 hours or 12 hours, before the target could get hit. If we had a day or several days of...

The €$ is much closer to my previous stop (which was lifted upwards), but I chose to re-enter here because I think the trade still looks good. It's almost 15 ticks advantage on re-entry - which is most welcome if it progresses in a meaningful way. Further extensions downwards is a risk, and...

It seems the perceived range-turbulence is stronger after the Globex stop, all of this makes me more sure that pausing was right - for this instance. Now if that was luck or is a viable strategy remains to be seen, proved. It seems the lower 40s or perhaps below is still a possibility. Of...

Exactly! I forgot that this is almost just the same as "letting half the profits run"-strategy - just with a twist. It would be interesting to "know" which works better. I know the halve-the-position strategy is sought by a lot of traders. I will have to do some maths on this when my mind is...

My opinion is also that FX responds much better to fundamental news and events than equities. That's probably why I found it to suit my personality and interests better than the broad equity indices or very large companies. The strategy I was starting to outline perhaps has the benefit of...

Me talking, Globex EuroFX closed for a little, and spot FX continuing ... a little something I had forgot. :) Tiredness from programming all night and staying up until 06 in the morning can attribute to that miss. Well, Globex trading has it's disadvantages sometimes - but I'm pondering about...

I know how that "sure feeling" about equity positions works - and gives you better comfort because you feel you have an "information-edge". With currencies it's all much more dodgy and "technical, mechanical" reactions (reactions more than actions it seems to me) that decides longer term...

Yes, I was also thinking about "missed ticks" if it would suddenly blast through what I perceived as stalling. That would obviously create a whole set of other "issues" where I would have to be careful not "eating" that leap if it moved back - as if it was an extension only - thus reducing my...

Looking at charts, there might be a little stalling below, around 1.2950. I'll take a breather here. :) More than 25 ticks profit on the EuroFX position. I will re-enter on a imagined re-trace towards the (perhaps slightly below) 1.2940-ish area. Just trying to "maximize" a little on this...

As this progresses, I adjust the stop limit upwards - at what I consider well outside the range - but within extension of ranges, I guess. Still, I think there has to be a limit to what kind of a retrace one should withstand. That is not to say I think the mechanical trailing is the type of...

I also took a EuroFX position a little more than an hour ago, but at least this time I have put in a OCA stop (a little above my entry) and a OCA target - modestly high of around 50 ticks. I hope I'll be able to let it "run" without succumbing to the "gotta get out NOW"-feeling at some point...

Let's just not see the same big-pendulum 200-tick swings as last wednesday and the friday before that indicating options-related smart setups being triggered. I much prefer some trending triggers now, with real buying or selling starting. I do think that buying would still be the sane...

It all depends on where you plan to exit, and WHEN you NEED to exit - IF we go to 1.2900. I.e I have no idea for daytrading bottom-fishing around 1.2900. :D My timeframe is so short when markets are behaving in a contracted fashion like this. Either I suggest stay away, and wait patiently like...

From Deutsche Bank: EUR/USD: Top-pickers ‘last stand’ EUR USD (1.2975) Below-consensus European growth figures and encouraging economic data from the US were not able to put the euro under any lasting pressure on Friday. Although it flirted briefly with 1.2875, the risk-reward limit of...

The world need a strong currency where money can seek refuge. Sometimes it's the CHF - but the last few years it has become overshadowed by the single currency. Since the gold standard was abandoned, there have been much more uncertainties about the real monetary values - to our advantage and...

It's a friday and it's ending in a trending fashion. That's a very common "pattern day".

There was some consolidation earlier, but now we.re breaking 1.2960 --- 1.2958 just there. .. I was sleeping A LOT this morning/day .. but I still got that € base so it always helps. edit: a few minutes later we hit 60, but stalling. Not seeing resistance on Globex but rather reluctance...