DB, Have you been building long positions or are you on the sideline? It's been quite a run down, and there doesn't seem to be much support for another 50 pips. And it dropped 800 pips in May without a retracement.

I'd be happy to. I'll shoot you an IM later.

It's bumping up against the .618 (1.0340) at the moment. Wouldn't expect it to break it until after the announcement, but who knows.

If you're are like I was, then this will fall on deaf ears, but maybe if others back me it might have an effect.... The thoughts you shared on this board suggest that you are not mentally prepared to trade real money. You seem to be under financial ...

Time for a slow climb.

Someone has definitely drawn a line in the sand at 1.0377. If they give up, it could pop still.

Thanks. Some big position trades today, for sure.

Bought more at 1.0375. Nice pullback with a double bottom. Several levels of support (double bottom and .618 fib. Stop below those levels.

Closed out my short trade at 1.0364 and took a long position. Positioned for an upside breakout. Hopefully, the GDP numbers will give it a pop in 30.

Ha ha ha. Love it! Me too.

Today? Haven't seen any good shorts today. Looks to be slowly rising to 1.04. Been short since last week overall though.

This has been a pretty feeble rally considering how weak the dollar has been today. Definitely think the Aussie dollar is the weakest currency in the intermediate term, and am patiently waiting for more shorting opportunities.

Interesting charts ForexGames. I'm not an Elliott Waver...so maybe you can help me with this... Why do you consider the first 255 pip correction Wave 2, but don't consider the 228 pip correction a wave or the 270 pip correction after that?

It hasn't made it through the trendline support yet (going back to June 15). Also, the recent market rhythm suggests it will rally at some point.

Entered the other half of my position at 1.0473.

That's why I only placed a half position. Only scale in when there is a good probability of a quick snap-back. I'm prepared to ride it out if it drops further.

Buy 1.0463. Reason: .618 Fib This is only half a position. Will scale in the other half when it shows reversal.

So the Fed basically says the same dam thing they always say, and everybody interprets that as if QE3 is on its way.

That'll do. Looks like the bear didn't follow the sign though. lol

Down she goes. Time for a DB cartoon.