Yep, ascending range. Those are the worst.

USD/JPY Discussion

There's a range being traded, nothing to breakout either way at this point. Unless Bernanke comes out and says "Ladies and Gents, we're fucked. Subprime is a huge pain in our ass and we're toast". Since we know that ain't happening, I will wait for ...

USD/JPY Discussion

Combined with mixed US data = Range

USDCAD trend reversal?

Just more b.s. until the NZD dips below 7950 Im ignoring Cullen. Just like the rest of the market.

Why is NZD so strong??

:lol I like it. Probably right. The US Dollar is weak and Bernanke didn't help it when he said the following before Congress: Only a bit of tension was detected in Fed Bernanke's comments today about current financial market conditions. He noted ...

USDCAD trend reversal?

I'm looking for a test of 1.0393 and if that breaks then 1.0300. Now the rally from 1.0400 was strong but has petered out as Bernanke's testimony caused more US Dollar selling.

USDCAD trend reversal?

Right, figured that out right as I typed my post lol.

USDCAD trend reversal?

What's MM?

USDCAD trend reversal?

Agreed. When I first started there were many times I ignored my gut and TA and exited a trade because of some retracing, and would often wake up the next day and bemoan the pips lost.

USDCAD trend reversal?

Right now I'd be flat, because I expect heavy dollar selling in Asia/Europe

USDCAD trend reversal?

The Cad data has been negative, but the USD data has been iffy at best and subprime's still a problem. Long term trend is down, but I see a move towards 1.0500 and then down from there. We haven't tested 1.0393 yet.

USDCAD trend reversal?

I'm looking for a short term bounce and then down to 1.0393 before testing 1.0300

USDCAD trend reversal?

We have to test the 120.79 trendline again before a bounc to 125. I plan on going long at that level.

USD/JPY Discussion

Untrue. The only issue I have is that my g/f hates, absolutely hates, the way I'm tethered to my blackberry which has my mobile trading platform. I will admit that I do tend to have friends who are in finance, and over the 2.5 yrs I've been trading ...

Are Trader Lonely people??

121.00 is targeted

USD/JPY Discussion

me too. Better long area.

USD/JPY Discussion

Bear Stearns reports that 2 multi billion dollar hedgefunds are only worth 9 and 10 cents on the dollar respectively.

USD/JPY Discussion

Oh not that much of a dip. I'm looking for 7850/70 if possible.

Why is NZD so strong??

:lol@sell button gone

Why is NZD so strong??