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You know my views guys since the eve of last Friday for currencies, and friday morning for stocks. There were: 1. EUR/USD support around 1.36 area. (now trading above 1.37). 2. Bounce in stocks. The last visit to the highs before the real retreat. The pros in twitter are saying a bear...

FV: I trade the pair directly. I do not trade options on them. Leverage is huge in forex. So I would be careful. My opinion is to never use more than 8:1 (I try to use 2:1, but sometimes I make discipline mistakes and go up to 8:1). They give 40:1, which is too high in my view. You can check how...

EUR/USD rose, and financials should be down. Any explanation was given to the rise of EUR/USD? It was Ireland to explain the down move, but now since it is up they may have switched to an upmove explanation. If it moves down, then something like Ireland or China would then be used.

I commented earlier in this thread, that the "gurus/experts/etc" comments were actually bearish. SPY now at 119.90. Less than a dollar from flipping the burger to the upside?

SPY now at 119.90. Within less than 1 point from the bottom before a higher move to try to test the highs?

The last time I checked EUR/USD at 1.3760-- 140 pips higher. The area of 1.3760 to 1.38 should be a place where sellers would be ready to sell and stop the rise of today. I regret playing only with half of the half of what I wanted to play. Psychology again playing with me.

So fast it fell to 1.3622. I cannot believe it. Your comments are scaring me. But my finger is itching, maybe half the size.

It is good to know about what they are saying, but as I wrote above, I try to only trust the price models. My problem is that I do not always believe the models not because of the models, but because of human emotions/psychology/etc.

Pair now at 1.3662. Aim achieved! Do you think it would continue? I think it will trade above 1.3660 in next 12 hours, but I do not know if this evening or tomorrow. So I give the Japanese a break. Maybe they will start selling again. Better safe than sorry. If they sell, buyers would be tested...

EUR/USD now at 1.3612. I think I am going to buy for a quick trade, maybe back to 1.3660. Maybe today traders from Japan woke up with fat fingers, and did not take their coffee yet. So getting disoriented. But I may also get killed by their swords.

Does any one know what explanations they have attributed to the fall of EUR/USD? Just one week ago, the explanations were EUR/USD is up and the reason is QE2. I do not believe in those explanations in casual sense, but it would be interesting to know what reasons they came up with to explain a...

What did you finally do? The stock market gaps seem to tell traders that if they want to make money fast, they may have to overnight positions and be right on direction. In otherwise, be good or take risk. I have been preferring the EUR/USD lately as it trades 24 hours, and the EUR/USD is a...

The models were absolutely right: 1.3640 was the day's bottom!

1.3642 was the precise bottom (so far). EUR/USD is now at 1.3670. Again, the big ugly money sharks took the money of the little guys shorting at the bottom. And guys: vote in shortie's polls and make it a habit when you visit ET, because shortie does a great job on these now classic threads...

Now EUR/USD at 1.3648. Within less than 8 pips from the 1.3640. update: EUR/USD now at 1.3642. Within 2 pips from 1.3640. Will a rally develop out of no where?

now EUR/USD at 1.3648. Within less than 8 pips from 1.3640. update: EUR/USD now at 1.3642. Within 2 pips from 1.3640.

EUR/USD at 1.3660. My models are saying that smart money may be entering the water to take profits on their short EUR/USD. Will the sharks eat the new shorts between 1.3660 and 1.3640 for today? Time should let us know.

This thread started when the market at its cucrrent 52 week high. So I understand that the pros in here could not speculate on the downside, when everything was green. Now that once can see the market lower, could the pros tell us something about this retreat? Is it over? Is it time to...

1.4280 was the exact top. Now EUR/USD at 1.3660. Models sent me a message: cover the short EUR/USD between 1.3660 and 1.3640. The model are however NOT saying to go long. Just take profit, and of course not to short it (it=eur/usd) at this level without a bounce first. Falconview: what do...

Thanks shortie. You are so fast. What do you think?