Not a bad day's work, considering it's the last Friday of the month. 18 trades entered and closed; 69 pips earned from EU; 45 from GU; 51 from EJ; 109 from GJ and 19 from UJ. I do like trading the EJ and GJ pairs during the London and NY sessions as ...

EURUSD

I doubt that it will. The very recent upmove is probably just the Far Eastern traders closing their short positions.

EURUSD

Why the Hell would anyone long any EUR pairs right now?! I imagine a few brokers could catch a cold over the weekend gap as well.

EURUSD

I have just read the initial entry to this thread and my initial reaction was that if I was going to watch the charts for 24 hours at a time, I would want to earn a bit more than 25 pips!

AMAZING Strategy!!!

'Morning Max. I agree that judging by the recent PA, we will probably see 1.2800 before the downtrend resumes. We'll have to see what Mr. Draghi has to say this afternoon.

EURUSD

If what you say is true, then the retail traders are making the fundamental mistake of adding to a losing position. They need to trade what they see - not what they (wishfully?) think.

EURUSD

Good morning all. All my charts are telling me right now is to stay away from this pair. Price has bounced off the pivot point and seems to be southbound again. However, with the PA in a cloud on the M15 chart suggests indecision and choppiness for ...

EURUSD

Good morning all. There seems to have been some discussion recently on the merits of counter-trend entries. Although I'm sure that there is money to be earned from longs on EUR-USD, without meeting my normal pre-requisites they would be inherently ...

EURUSD

That's why I have trained my wife to trade FX. If I have to leave the trading desk, she can take over until I return.

EURUSD

I don't see a set-up in either direction right now. My H1 and M5 charts are giving me conflicting signals and the PA on my M15 chart is cloud-busting. Given all that, plus the current lack of volume with it being a UK Bank Holiday, I'm leaving EU ...

EURUSD

The boot can be on the other foot if the gap goes against you. Safer to close trades on Friday night and have a relaxing weekend.

Cable Update (GBPUSD)

Good morning all. I don't see a setup as yet; however, in the light of recent price action, right now I am only looking for shorts. For me, the PA needs to show signs of some downward momentum south of the pivot line before I commit myself. The ...

EURUSD

So - there really is a God, then?

EURUSD

If Draghi talks dovish and NFP is weak, the two things will probably combine to kick EU into the stratosphere - but I'm not banking on that. I think the opposite scenario is more likely but we won't know for sure until 13.30 BST, n'est-ce pas?

EURUSD

I suspect that we could see some serious whipsawing at about 1.30pm BST. If Draghi tries to talk the euro down and at the same time the NFP report fails to impress the market, who knows what might happen. My own view is that the NFP result will ...

EURUSD

I couldn't agree more, Max.

EURUSD

Looking at the wider picture, what we have here at the present time is USD weakness as opposed to EUR strength. GU has gone up; UJ has gone down and USD-CHF has also gone down. The weakening USD is the common factor. I suspect that recent and ...

EURUSD

Agreed; however, other factors that effect the market such as the indexes and stocks are not been traded by the continentals, which would have some impact on the session. Meanwhile, I'm hoping that another opportunity to short this pair will happen ...

EURUSD

Good morning all. I wasn't expecting to find much worth trading this morning, given that the French and the Germans are on a Bank Holiday today. However, I've just closed a nice little short on EUR-USD at 1.3616 and now am looking for another short. ...

EURUSD