Caught a short from 1.6983 — Now the hard part. Should I hold the short or cash out? Does this break the back of the bulls? BOA really hurt the Bulls with rate cut and QE increase.

Amazingly enough, I was able to dump that short from 1.6963 at break even point. I want to thank malcolmb14 for giving me the nudge in taking this decision. Thank you sir, I appreciate it. I am long now at 1.6979. This kind of shallow pull back has ...

That's what I intend to do. Thanks!

Not cool . I am 50+ pips on the red, but perhaps the rejection at 1.7043 is the silver lining. I have now Set SL at 1.7055. Wish me luck!

My short was stopped put last night at BE. Re-instated it again on the way down at 1.6963. Wished had the guts to enter it above 1.70. Oh well, I will try this one as I think the pair is unlikely to make any new attempts higher today given the pause ...

Short from 1.6950 — Been out for a few weeks. I am back and I am short on this pair.Looks top heavy. There just doesn't seem to by any momentum above 1.6950. Looks like buyers are not interested in buying above the figure. News release may ...

Short at 1.6365 — So you might want to be long now . I am pretty confident my SL at 1.6364 will be run, but I will let it run. Sold it base on the fact that it has run up 380 pips in 24 hours- and RSI at 73%. If you want to short it, short ...

Equties Crashing once again — Matching Friday's looses of 2%. Dow closed below previous resistance at 8200. Cable needs to get on with the program and drop already I am short at 1.6142. I am seeing this thing grinding down towards 1.59 over ...

What is showing an upward trend then? If you are just using your eyeballs to make that judgment, then even that will show a downtrend.

Why are you posting random stuff? Not a single indicator shows an upward tend now.

It's consolidation time....for a a bit before next drop.

Yes range is over, no doubt about it. We are officially in a downtrend now. Consolidation possible before next drop to 1.60.

Why are you guys going long when we just broke MAJOR resistance to the downside? It's better to stay flat than go long at this point.

1.6180- confirms my theory of Bulls having broken backs.They will now only be able to limp alone downhill. No longer fear the bulls.

Of course we have to be cautious, but my SL is BE already. I have a feeling it will not drop violently. I think it will probably drag its feet towards 1.6150, 1.60,1.5850 and 1.5550 over the next days and weeks. Not too concerned about the test ...

Daily Bollinger Banks way to close (only 500 pips apart) — In fact this is the closest they have been since exactly July of 2008. Since breakout to the upside looking very unlikely, i take this as yet another bearish signal..........

Right on the money as always. Classic bull trap. I am holding my short and have no intention of abandoning it unless there is a sharp rejection at 1.62 area. I am keeping an eye on EUR/GBP - looking to see if it breaks .8630. That would give me ...

Yeah, good sell zone. Really struggling to close above it since it open today. Downward is the direction, but it is possible this think will just drag its feet down over the next few weeks without necessarily moving violently.

Woaaaaaaa, Equities crashing again in Asia. Most down around 1.5%. If europe and America close down another 1%, bye bye bulls.

Well, given the fact that bears have been away ( vocation) for the past 4 months I think they are fat enough to carry me for a few weeks.