A quick overview of today.

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That was one of mine too Sherm, on any other day it would be solid...

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Guys and gals, The G20 meeting, ECB interest rates and possible mark to market rule relaxation in the US today is totally invalidating normal market behaviour. Yes there appear to be pips to be had everywhere but in reality you'd better have your ...

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More good GBP news.

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Your 'gut feeling' is actually quite a scientific anaylsis of price action and currency correlation in small timeframes, that's why it is so effective.

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EURJPY — There is resistance at 13170 from yesterday.

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EURJPY — I guess you still mean EURJPY? The title function is useful as your post can get a bit lost at busy times. 13182-13200 looks good. There's an old daily trend line to help act as resistance around there as well so it makes a good ...

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You could take the retracement of a big news spike if it is with the trend. Just to be clear, it is more risky to go counter trend in a news spike, and it is less risky to go with the trend in a news spike. Yes I am in the UK. Lucky me.

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146 wasn't clear for me and I would consider this to be countertrend in a news spike - very risky. More GBP news in an hour. However anything above 13300 in EURUSD for short was nice considering it is ECB interest rate day.

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Hourly closes are important and I'm a big fan but in this case you got run over by the House price data release that came out at 7am.

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I'll go and have a lie down now...

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Very few. This thread like every other on FF has ended up being polluted by alternative interpretations of the original strategy. However the market conditions have changed since this thread was created so I like many others have my own approach to ...

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Collapses quick doesn't it? USDCAD is at major resistance.

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In my opinion you have the right approach there.

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We look for No Brainers. Not every s/r trade is one.

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Support at 12933 looks strong. Below that 12855 is a daily s/r and the 61fib of the rally of the last 2 days.

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There you go, as someone mentioned earlier H&S ready to go, interest rates unsustainable and then the news catalyst. Thanks Bogus

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Speeches and rumours do not generally change sentiment but they do kick off moves that were building up. The Tim Geithner misquote I mentioned is the latest example - 150 pips in an hour.

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Interesting. I was listening when Giethner made his mis-interpreted speech last week and the reaction was similar. Just very strange that NZDs reaction was twice that of any other currency.

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