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I guess we'll see some clawing and ripping apart of smaller traders too have a "planned" mid 1.29s close. That should make us ready for 1.3000 testing next week. I will be giggling reading how some won't get how € rose so much on that NFP number. :D It's all market mechanics. edit: new...

BOJ will not intervene now. The internal markets, economy of Japan is much stronger now; i.e different market conditions, fundamentals. You should have wathced Bloomberg TV comments during asian session last night, there were some good insight. I'm not trying to downplay the trade of...

We're back below 1.2920 again, it's my scalping fears that made me get out there first, but seeing as we now are 1.2925 again - I guess I have some reason to use that fear of losing profits. :D

Yes, but also watch the thinning volume from the european close. It will indicate how the rest of the day develops. Some heavy 1.2930 support spotted. Watch out. edit: It broke easily into mid 20s .. now .. will we get my demo spot target of below 20 ? :D That account is too ridiculously up...

Careful about that over-trading. If you're not too much into the red, then take your time. This 1.2940-ish level is quite high - but a retrace back to at least 1.2920ish is plausible. Take your time, or trade another day - because there is very little resistance ahead on the background of the...

I'm shorting the ATH-area on my demo now - back to 1.2910-15-ish levels. I will NOT do this with real money though, since I'm such a coward - just need to get some outlet for my trading addiction. edit: It does not look too good for that demo trade just now. :D 1.2942-45-ish ... Holy ...

Like they said on Bloomberg UK right now, "if this employment report can't strengthen the USD, that is the clearest signal of what the market thinks of it" (paraphrased). Another great comment was "makes one wonder what would have happened if the NFP had been less than expected" ... :D :D In...

Yup, but you will see some movement towards the event in about 40 minutes - european close, EST lunch hours. Most likely a holding of 1.2900 levels with choppy runs upwards. Continued trading now is most likely called "over-trading". :D edit: I almost can't believe how things happen as I...

Better take some look on both very short-term charts as well as daily chart .. it seems like duldroms setting in here now. Early lunches it seems. We might see some revenges later on, because nothing is a given today with this total mayhem. The biggest mistake I had about this week was with...

I think A LOT of traders got totally chewed up and spit out by the mean market machine today. The fast-paced action over a prolonged period indicates that a lot of very big players were slugging it out. If you watch the volume as well, you will see constant big volume during that first 90...

Wonder if it'll blast through 1.2930 as well in search & destroy for the big prizes ? This continued action is baffling.

Well, it's the ATH too (All Time High). Thomson reports Asian central bank offers above 1.2900 in attempt to trigger 1.2915, 1.2925 and 1.2930. Some of the 1.2925s roll off today with multimillion payouts. (I smell revenge on action earlier). Thomson also reports macro funds having a feast...

:D 1.29 will be the big digits towards the end ! (phew, I almost got short at around 1.2893 -- looking for a quick scalp - but sobered up to wait)

I'll just unwind a little - at least it's satisfactory to see I got it right in some ways - although it didn't exactly "creep upwards", not exactly a crawl. Just hope it settles down a little soon. Need some new consolidation area ASAP. Looking at around 1.2870 - mid 60s I hope for a...

Can't seem to stop scalping though, and it seems easy ... but I know it's just as easy to loose 10 ticks as to book +10 ticks profits in 10 seconds. Just got to find the momentum and time the entry tight. Booked another 2 scalps of +10 and + 4. A good day still, but getting worked up a little...

That was some action .... I did 12 scalps for roughly 43 ticks total, 3 of those scalps were losers, where I gave back roughly 24 ticks. It was easiest when it went well below 1.28, but also some good bounces off 1.2800. Later on I think we'll see it creep upwards again, so I'm heading back...

And some late comments before taking a rest (don't have daylight saving time where I live - close to equator) : [02:40 EUR/USD: Consolidates Below 1.2900 In Asia] Sydney November 5th. The EUR/USD traded in a tight 1.2865/1.2889 range in Asia this morning, consolidating the overnight gains, with...

Thomson mentions a piece in the WSJ by Sims which says ECB may need to rise rates because of high oil prices, and Trichet also says he sees the upside risk to inflation - so some believe a rate hike is imminent. That could prove a good follow-through all the way past 1.3000 ... Some were...

Just took a few more minutes to go back there ... :) Hope you wore your seatbelts, and otherwise had a pleasant ride! Have a safe landing too .. :D edit: I saw some positions double my size here getting drawn down in the first slip back towards 1.2880 ... hope that was on profits and not...

Nice rocket-move there; now let's see what they can do to upset it a little more. It's not a question of IF - but WHEN. Market-makers may swing it but staying with patience makes it worthwhile.