No problem...looks like that 1.3160 area was pretty strong support.

German Business Confidence Rises a Third Month in Recovery Sign

Well, it looks like the GU, EU, and AU have all found support now at their lows from yesterday. It's still early in the day though, so: You can either Long here with a small stoploss. Or wait to see if price breaks below yesterday's lows(support ...

ECB Says Lending to Private Sector Shrank for 14th Month in June

From a technical standpoint, we broke down out of the 1hr upchannel yesterday...today's rally was a retest of that with rejection...so a move down seems logical. How far? Well, that's up to the market to decide. I see 1.3160ish as first support ...

German Business Confidence Rises a Third Month in Recovery Sign

I never got into hedging, so I'm probably not the one to ask. And now that you can't hedge trades in the US anymore, not even worth trying to learn. But I do try to buy at/near support levels and sell at/near resistance areas if that helps.

Dollar bulls on parade as ‘risk off’ moves take hold

Not sure how far EU will drop today, it's normal ADR is around 100pips(it's only moved 80 today...so 1.3150ish would be ADR). Of course, it could stop before or go further. As for A/U...I did see the short coming since it's had multiple days of ...

Dollar bulls on parade as ‘risk off’ moves take hold

I have the 1hr upchannel being broken to the downside. I would assume 1.3200 will be retested(that may be your chance to exit at b.e.). And if price gets rejected around 3200-220...I would expected another move down on EU. That's just what I see on ...

Dollar bulls on parade as ‘risk off’ moves take hold

I'm pretty sure I mentioned this earlier in the week on a different thread, but Bernanke killed the dollar rally 2 weeks ago. I see us either rangebound or more USD weakness for the rest of the summer. EU is in a nicely defined 1hr upchannel...it ...

Market talk of a German sovereign downgrade - Unconfirmed

Just laughing over here...negative headlines, Good US data this morning and the GU and EU are rallying. Ignore this stuff and trade price action.

Market talk of a German sovereign downgrade - Unconfirmed

Personally, I think it was HFT's working their magic...that spike down nanoseconds after 9:30pm got them the profit they were looking for and then they closed their trades(thus the rally back up). Of course, there's always the possibility of a rally ...

Australia Consumer Price Index

BINGO!

Rules Hold the Keys to Trading Success

Things might not be good in Europe...but I'm pretty sure Bernanke's speech almost 2 weeks ago overrides everything. Bernanke killed the dollar's rally and with nothing really to get the dollar going again, I would suspect(and my charts support this) ...

One year on: Did Draghi's promise solve anything?

I was wondering the same thing about A/U traders...everyone was so sure AU was going below .9000 a couple weeks ago. But I knew it had to close on the daily below .9000 before that was a possibility. Nearly 300pips later and I still don't see it ...

Greek aid tranche payment delayed, according to German finance ministry

"Recall that the major currencies tended to consolidate within broad ranges established July 10-11 in response to Bernanke's comments" Exactly what my charts are showing...Bernanke killed the dollar rally. How long will the USD weaken...is it just ...

Dollar Softens to Start Week

So much talk about the euro. But you guys are missing the bigger rally on gbp. Heck, even Aussie has moved up 60pips in the last 4hrs versus only 50 on the euro. Don't forget there are more pairs than the euro to trade.

EUR/USD Testing 1.32 Consolidation Resistance

The charts aren't saying that. In fact, since Bernanke killed the dollar rally 2 Thursdays ago...there hasn't been much reason to buy the dollar, it's actually weakened. We'll get our normal daily ups/downs...but I don't see anything yet to say sell ...

Bundesbank Says German Growth Slows After Strong Second Quarter

Nice 50pip rally to start the week. Until it closes below .9000, I'm still buying dips.

AUD/USD Forecast July 22-26

Looks like aud/usd is proving my point. Trade price Acton, not These articles

Get Ready For The Next AUD Down Leg: 5 Catalysts - Credit Suisse

It could possibly go down, but I need to see a close on the daily below .9000 before I believe it. Price hasn't even been able to stay below .9100 this week. On the flip side, we could be forming a bottom for a better correction higher.

Get Ready For The Next AUD Down Leg: 5 Catalysts - Credit Suisse

imho, it's time to short the E/U again. Short 1.3150ish, s/l 1.3220, and initial target price of 1.3030(but if it goes below 3030 and 3000...1.2900 would be my next take profit area).

Key Passages From Bernanke’s Testimony

I can see a nice profit from my long AU position at 9202. But don't tell those Swing Short Traders. update...moved s/l up to lock in 50pips...just got stopped. Not going to complain about +50 for today. Looking for the next one....most likely a ...

Bernanke Says Fed’s Monetary Policy Isn’t on a ‘Preset Course’