OH! OUCH! That's a tough road to climb back up. I bet there are a lot of folks waiting to sell at BE at this point. I'm liking that 1.5800 area even more now.

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Thanks, and no I don't expect you to know what's going to happen. Just wanted your much more educated guess than mine If those are pending orders, why do you feel sorry for them?

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Friday question. What are your expectations for tomorrow? Do you think it will be a profit taking day that ignites the pull back?

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Kiwi — Here's where my inexperience has me at a disadvantage. It might not get above .7490, as that's the spot of the gap, and plenty of history as S/R. However, that's not much of a ret, but I don't know if we should expect much of a ret. if ...

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GBP/USD — Long 1.9800-1.9790 Lots of S/R in this tight range plus good fib confluence. Not sure about how my fib is drawn, but I like this range even without it. Only problem is that would be after breaking through a trend line, which it is ...

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EUR/USD — I'll take a stab at this. Short 1.5807. Should be between 1.5800-1.5811. This is 50% ret from the big move down (assuming the big move has stalled). The next level would be 1.5843 which is just above 61.8% ret., so that might push ...

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Yeah, I saw that, but don't recall one dissenting voter causing so much strength for a currency very often. It seemed a bit of an over reaction to me. Anyway, ignorant opinion on my part or not, so far my short is working out well. I guess it really ...

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With Gold collapsing, if price can get back to that .9660 area, that should be a good short spot, right?

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Thanks. Just seems totally out of sync with rest of the market to my newbie eye. I shorted at 2.0010. Prices have been consolidating, so I either I am way off (thinking there will be a snap back) or I'll have gone in at a good value. good times.

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Cable question — Can someone shed some light on why Cable is so well bid this morning contradicting USD strength across the board? Can the EUR/GBP and GBP/JPY crosses really drive the much larger pair?

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IIRC, BRV has a spot in that area picked out as a No Brainer.

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Thanks for following up on these! Definitely gives me more to chew on. I've become away of the JPY/spx and AUS/gold correlations, but sometimes it seems difficult to gauge which ones will move.

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I like that one, but I think I like 210.25 (+/-) even better. Both areas should work very well.

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I've been trying to make heads or tails of this, probably without much luck though. I'm pretty ignorant when it comes to options. I "think" I know what I'm seeing, but I don't really know how to interpret the data in regards to how it will play out ...

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The level looked so strong before the finish today. Now I'm not too certain it will hold. On a different note, regarding this level. For a few hours price bounced around the 1.5845-25 range. When you have bouncing around a range so close to the ...

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Thanks for the responses!

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Another question. Sorry, I must be in one of those moods. When you identify a specific level in a past range of lows/highs, do you target the last high/low before the move away from that level? In case that's just a jumbled collection of words in ...

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BRV, I have an intraday question for you if that's okay. When you take your intraday positions, are you also going counter trend looking for a bounce (like the no brainer, but with lower expectations)? Or are you using the levels on pull backs so ...

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Thanks. Yeah, this has been an impressively long and large area of consolidation. We've gone from a double bottom to a double top also. One thing is for certain though, the 1.5800 area sticks out like a sore thumb.

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EUR/USD — So, here's my question. Do you go short at 1.5950? Right at 50% ret of the today's move down, the support of a spike down during the move, and a former resistance on the 4H chart from April's move up. It's not a no brainer, but I got ...

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