Guess its just the scorpion in me trying/hoping that the market does what i think it will do.

Personally, I think there are some stops below 1.2950 on the E/U and 1.4050 G/U and the dealers are trying to run them...either now or during the Asian session.

So this is just a paring back of USD shorts? If this was a change in sentiment (i.e. the USD bull was back on) the market would be much lower already? Thanks for clarifying.

And im out with a 30 pip loss....GU broke 1.42 and equity markets dont look too promising

NZD cut rates 150bps expected 100bps

Fundamentally, I am not sure how the FOMC decision should turn around the GJ. Apparently the sudden strengthening of the dollar is because of the "comment that has gained resonance with dealers is the comment that the Fed would buy longer term ...

Short Covering? — Somebody cover some shorts? After the masses read the doom and gloom in the British papers and decided to sell their currency? lol

Actor — What an actor...Has anybody read Cramers autobiography? He talks about his experiences running a hedge fund during LTCM's meltdown and how his hedge fund almost liquidated during that crisis. Now he is telling me that this subprime ...

CB's Responsibility — I think we are forgetting the Central Bank's main responsibility....fighting inflation....repercussions such as the carry trade caused by raising rates are necessary evils. The only step that a CB can take is to devalue ...

What broker or system do you use for forex futures?

What happened to the follow through? Only a 100 pip move on the mother of all news releases? You would think with the revision and the original numbers both US positive, there would be a bigger move. A ton of resistance in the 1.9300-1.9285 area Paul

The numbers are overblown. You have to take a look at it from a different perspective. The dollar is the base currency of the world. Anything even remotely negative will create a selling pressure. Now we all know that the US is more of a service ...

This may sound a bit stupid, but you had requested my reasoning, so here goes: During the last couple of weeks, when the dollar was sinking faster than the Titanic, Bernanke and several other Fed officials came out and said that they were still ...

On Tuesday, when the fed lets us know that they are raising rates.

Is there a specific time frame that you use this channel on? 4 hr channel is kinda big. Paul

Thanks for the heads up. Going to go back to the workshop and tinker with the system.

My trading system does not allow trailing stops on GBP due to high volatility of the currency, account size, amount at risk, and preserving profits. The system works great in ranging markets so I am currently getting reamed on this huge uptrend and ...

Broker screwed me over on cable long overnight. Put in a buy order at 1.9710 with a TP of 1.9748. Woke up this morning with the trade closed out at my stop loss at 1.9659. Looked at the charts and in metatrader it had hit a high of 1.9748. Too bad I ...

Short @1.9449 Stop at 1.9501 TP at 1.9402