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Analysts on Bloomberg says watch the 103.60 level, if that breaks it will probably test 100 or lower. I'm just being patient here myself, and I'm playing around with some new scripts I have to tweak some more. One analyst said that markets could get caugth with all this talk of very high...

Yes, it seems dominated by very sporadic bursts and erratic moves - like always - but with action like a wake in between. I'm trying to be quite patient with this one, but am not pleased by the about 35 tick bounce; still it shows it has the potential I expect. That could hold for the upwards...

I thought about it when it rose from mid 40s to mid 50s, but I'll let it go free a little still. As I mentioned first - it might take monday, tuesday for it to happen. I see the very erratic movements tonight and the comments from Thomson complementing it - there are no betters in the house for...

The trade is now at +20 ticks, looking fine so far - but markets seem to be on auto-pilot. Target is around +40 ticks on this trade. Chinook, I admit that it might be "mentally challenging" to sit and "wait out" the market in the asian session - seeing crosses doing some work etc. Just got...

Clearly some fear ahead of Tokyo open - and fear is our friend. :D Thomson has a funny comment on foreign governments reducing US assets; India, Russia and Middle Eastern investors are rumoured to have sold USD, and China rumoured to be buying asian currencies ahed of Renmimbi's unpegging...

Well, at least trading in EURUSD wont be stopping. :) Seems like a big-gun shot 100 up on 1.2970 and was defending it - so they might do some more run-ups to boot. Tokyo opens in about 40 mins. Like I said earlier, I think that there will be some retracements on the back of the slow...

All mostly based on tape-reading as well as rumoured options barriers etc. I do look at charts for some input too - but it's quite simplistic useage - no candle-patterns or similar. Calling the stops is quite easy as long as the momentum is there. It's just to go for the last one (as seen in the...

Yes, I'm a beliver! :) I just think that we could possibly see some traceback back to the "consensus" level I mentioned.

The funny thing is how FXCM and Refco FX are both "stuck" - 1.2969 and 1.2964 respectively. Hehe, only IB is swinging - as can be confirmed at e.g www.saxobank.com etc. I guess the FXCM, Refco guys just had enough today. :) I went short on EuroFX too, just too convincing from here...

I shorted with about 90% of balance on spot demo in mid 60s now ... :D Let's see if I can't reach a 1000% soon on that account. Just couldn't let such an opportunity pass. I pity anyone who has been short for most of the day, it must have been devastating. edit: reduced it to around 80%...

It's so utterly amazing, but my demo is close to 600% up now - this week alone. I wish this was real money! :) I of course hope I can take some of this courage into real trading on EuroFX, but I know that the minute impact of my trades would still make different effects - I see the effects...

The little bugger is getting closer to 40 - although it's a slow crawl. No hurry though. It'll probably step up a little into the close with this developement - if no bigger choppers get in there. Closing above ATH will be quite a feat today. ES, S&P500 is a dead cow in comparison to the...

Yes, but I have some kind of "fundamental long bias" because of my view on US and global economy. I too am getting better patience with the help of some of my demo trading and letting that spill over into better position trading - although they are rather intra-day big moves - like those you...

This week specifically - but like for 1h - 2h ahead. Well, not just ahead of the NFP release, but in general this week. To me it seemed very predictable, and difficult to go wrong. edit: I think it's fairly safe to buy low 20s or around 15-ish for a test somewhat higher .. or even longer term...

Yes, no more demo trades - and there has been a while without EuroFX trading - still around +60. It's too darn predictable short-term - don't you think? :)

That's some good trading too, chinook. Too bad about getting chopped - but that's the discipline which get's stretched on days like this. Don't worry about not following the plan too much today - I don't see to many indications on traders following some plans today - they couldn't possibly have...

I think I'll just watch some TV, because it's getting boring to trade. :D Things have been too easy this week, I'll try applying more of what I think - and output less here. It takes some crucial moments typing here - and if I'm still continuing this roll - I'm not intent on letting it stop...

I think we'll see some chops now - or we SHOULD see some chop now. That means we're probably at top of range above 40s. edit: since there will probably only be bias to short € because mostly US players towards the end of friday now.

That's the right scalping attitude. :) edit: I just can't believe Thomson .. they mix in rumours of nuclear accident in Russia ! They admit it can't be taken seriously though, but even mentioning it .. the nerve. edit2: I have a 1.2930-ish target for that demo trade - it will have to go...

I would think you could do best with fixed targets now, because it sounds like you're scalping, and I don't think trailing suits scalping very well. :) I.e if you "need" 10 ticks - then set that as target - be happy if you get it - and do grab the best you can if you think it's slipping back.