No burns here, cable just knocked on the 4hr 200 ema. Not really surprised she stopped by for a visit. I've got long term sells too, from 1.54-1.57 area, that aren't going anywhere.

The Club!

Hi Infinitus, Good to see you roaming these virtual halls again. Why didn't you warn me about this MPC vote?

The Club!

No follow thru at all for the dollar bulls today. Any hope of an afternoon cable sell off was squashed by the 1400 bar highlighted. Guess it's back to the new normal, where Bernanke can cough and lose a trader $10,000.

EurAnalysis

Yep, that's how I'm playing it, and you "chose wisely" going to the beach. As I'm sure you saw from the charts, all today did was grind up day traders into little piles of ash. video

EurAnalysis

My charts are hinting at an afternoon rally for the dollar. Could the market be so desperate for anything FOMC related that Esther George is the catalyst?

EurAnalysis

A. There was cable specific data this morning B. Eur/Gbp is in an uptrend C. All of the above I'll answer C

The Club!

So just to be clear, you think that cable is heading back above 1.52 and targeting 1.54?

The Club!

Blue horseshoe hates sterling?

EURUSD

Are you holding short cable as well?

The Club!

Very well said. And that is why there is no substitute for experience. And experience is best utilized by an introspective trader who has a "mental library" to reference and filter through.

EURUSD

"The National Transportation Safety Board apologizes for inaccurate and offensive names that were mistakenly confirmed as those of the pilots of Asiana flight 214, which crashed at San Francisco International Airport on July 6," the NTSB said in a ...

EurAnalysis

The yen crosses are kinda messy at the moment. There are other, much cleaner charts to trade off of, imo.

The Club!

You owe me a new keyboard. video

EurAnalysis

Ok, thanks for clarifying. I agree that the euro's upside is limited by that TL and I'd further speculate that the 61.8 of the 1.3415-1.2755 will be tough to get a daily close above. Personally, I'll pass on playing that potential scenario, not ...

EurAnalysis

What would be your upside target if you got such a move?

EurAnalysis

Nope. Anyone who buys and sells with the intention of making a profit is a trader. Apologies if I insulted.

EURUSD

Relax Gator. The article just offers a somewhat unique perspective on valuing gold. I've never seen a historical capitalization of gold vs the global world product. Have you? Can anyone here use it for trading? Probably not. Most "traders" in this ...

EURUSD

Interesting view on gold.... url

EURUSD

Absolutely. The 2012 highs are very important. My stop (as well as thousands more) are above it.

The Club!