Thanks. —

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Careful here... — Bouncing hard off of S2. Mike

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Here's the reality... — Deutsche Bank AG. chief economist Norbert Walter sees the risk of a recession in Germany at 40 percent, but said an economic stimulus package would be futile, he told Die Welt newspaper in an interview. He expects an ...

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Quote of the Day. — LOL Who knew all we needed to push us down was a bank president. Here's what he said today. "German and the European economies remain in 'robust shape' and that discussions about a possible end to the economic upswing ...

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Price action - It's speaking to us. — Most aren't listening. An earlier post mentioned that we should be paying attention to the price. Not a bad idea at the moment - the fundies sure aren't moving this pair. What's it saying? The dollar moves ...

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ahhh... No — Above 1.50 it won't stay there long. This pair is headed South... just a matter of time.

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Very good Point... — Well said.

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WOW... — I'm short a small position but won't be adding to it until the news is out. Looks like someone knows something early.

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Good day sir... my name is Mike — Sounds to me like you are already a trader.

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I believe my post above reveals my bias... — I have a small short position open. I don't like having money on the table during big releases - it's a crap shoot but the overwhelming bias is short.

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Not rude but most won't answer it... — You can make huge contributions and not manage any money but your own. Newbies often have great insights because they aren't biased by tainted information. I'm a successful trader but I could be dead ...

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That was levity... — Don't give out those details.

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The hour is upon us... — The last move south we just witnessed was a large US investment bank loading up on dollars. Reason to buy dollars: 1) Long term trend is on your side 2) Data out of the zone has been horrific and won't be getting ...

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Should read... — The inability of this pair to sustain a rally over 50 PIPS leads us to believe any attempt at a retracement ain't gonna happen.

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Thomson Financial Post Today... — FRANKFURT (Thomson Financial) - Germany's GDP contracted by 0.5 to 0.7 percent in the second quarter from the first, Bild newspaper said, citing government sources. Second quarter GDP data are due for release ...

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Agree 100% — Even if you believe there's an upside potential... and there isn't... why would you want to be long in front of those numbers?

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I hope so... — Another great selling opportunity. CTA's looking to sell at these levels.

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Ahhhh... — I knew there was an outside influence that was creating this irrational late day run. I do need to watch Oil more closely. Just makes shorting easier.

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You never want more than 2% on the table... — Since each trade is equal to 1% - if you have two lots open then you're up to 2% - too much in my opinion. If I have 2% on the table one or both are usually scalps. I only trade one currency - it's ...

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I would suggest... — Never trade more than 1% on each trade and never more than 2 positions open.

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