Short term ranging atm. I am looking for a close above 1.5238 to verify my entry and target 1.5268

Aud Employment news coming. Hourly chart shows a bullish flag ahead of news. Aud got hammered on copper news yesterday and reversed trend from bullish to bearish then found buyers. There will be a knee jerk reaction to the employment news up or ...

I am placing a few small test sell orders at resistance areas that are likely to hold as a ceiling. Stop loss is placed above resistance. downside target is 1.4300 price. My stop loss is just under the 1.4800 price. The entry is around 1.4735 or so. ...

I am short this pair from 1.5785 (Oct 4, 2012) Fundamentally, the GBP is in trouble short term to mid term. Aussie will hold value. I had 3 short positions from October. I closed 2 of them for nice profit. The swap interest on this pair is very ...

I am short this pair from 1.5785. i add shorts on on rallies and take profits. swap interest is awesome on this pair. profits are locked in so no risk.

Friday, Spain is expected to ask for help from ECB. The market is driving up prices since the Draghi statement and will move on whether or not the ECB comes through. Disappointment will tank the eur and gbp. Think Bigger Picture

Well said... But timing is the key. Wrong time = loss Right time = gain. The question is WHEN?

Good to see ya posting here. Well said.

15 min chart shows a spike up on u.s. home sales news. Halfway through last hour of Frankfort shows no bailing on long positions, at this point.

It is usd weakness. The markets are trying to force QE 3 in Sept. QE = dollar weakness.

New home sales, and house price index beat expectations. Investors are buying real estate here in the u.s. at bargain prices.

Last hour of Frankfurt now. Then last hour of london follows. Do what they do. If they bail from their longs or hold on to them.

Cable is consolidating a very strong recent move up, and will re-test 1.5910 again, with intentions of breaking it to the upside. Buying interest is too strong with Hopium in control for now. Reality won't set in until Sept.

i see it maybe next week... but lots of wood to chop in between for now.

Set your stop loss at b/e and forget about it. No risk of loss to you then. There is upside potential later that will cause a loss or drawdown for you, but there is also a probable retrace to test support at 1.5840/30 first.

It has not really moved either direction much after hitting resistance at 1.5910 area, then pulling back to support. Your chances are as good as any at the moment.

U.S unemployment news was not bullish. Dow futures are down at the moment. you have a chance to make in the U.S. session, why not?

Short term consolidation is taking place at the moment.

The hourly chart shows the green 22 sma holding as support, combined with the close price of this chart's previous engulfing candle.

The midpoint of that engulfing candle is around 1.5830 or so. as long as price is trading above 5830, then the bullish engulfing candle remains in control.