And I'm out for 800+. Reversing here to short @ 61.8 fib / resistance and targeting the 1.26XX level.

Ooh Rah!

It doesn't matter if he's talking about 10 second pivots. Price does not ever have to return to any pivot. As someone so eloquently and accurately put it before, price will do what price does... regardless of a line you draw on your chart.

I'm with you. And what's all the religious banter about?

NFP's sentiment changes are often very short lived, but look at the bigger number. The unemployment rate is headed back up. We now have 30 days before that gets further confirmation or we see a decline. Now, Draghi has 4 weeks to make good on his ...

Check out the 4 hour EURUSD chart. I'm about to head out so no chart, but the PA looks suspiciously like an inverted H&S. At a low + a long decline preceding it, it could be a powerful signal.

This months jobs report was positive (163,000), but the unemployment rate was greater by 0.1% representing about 311,000 lost jobs. +163000 - 311000 = net loss of jobs. Simple math, that report is a short term winner, but the overall economic ...

Bad economic data = good for a currency? Maybe you shouldn't try to interpret news. It could explain why using your theory has the DOW up and the dollar down

Oh no, it's a risk on type of day. Look around at the other markets.

Thanks for the clarification. I'm off for the weekend. Stops at break-even on the trade and I'm out for a run. Good luck to all! /Resume intelligent trading discussion.

Can the heterosexual lot of us comment on this?

I just play probabilities. Same as anyone else. And it's interesting to note that more times than can be considered coincidence, these fundamental reasons happen at technical levels. Whether it's a self-fulfilling prophecy or not, I don't know nor ...

He was a dodgy little dude in a bow tie. To top it off... I rode the elevator down feeling all superior and full of myself. Damn you pride!

I met him once. Shared an elevator. Had no clue who it was.

You see that's the thing. My success (or yours or anyones) doesn't require that the peanut gallery on the other threads, understands.

I'm going to post this in here because it seems like one of the only FF threads where people intelligently speak about trading despite disagreements on their bias. That said, based on the charts I posted a few pages back I'm going to post this: On ...

Well do you know where the price data from the pre 1999 introduction comes from?

And if you want to zoom out to the USDCHF monthly, you can see the obvious zone it's in and the 50 SMA, which coincides with the 200 SMA on the weekly.

While not one to call bottoms and tops, if you look at the charts of the EURUSD and USDCHF on the monthly and weekly respectively some serious confluence points emerge. EURUSD monthly is approaching a monthly trend line, the 200 SMA and just below ...

End of month profit taking. Gotta post positive numbers and all. That said, I see a short term reversal on the horizon, but I'm surely not going to try and do anything before it's confirmed. If it is in fact a double bottom on the AUDUSD, it's the ...