I gotta get out the microscope and try to figure out what this was all about. Any ideas ? To me, it looked like London filling sell orders for customer accounts, considering the time of day. if it was money center banks or institutional, it would ...

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Well now it's just wandering around the pivot, looking for orders. It's vulnerable to either side providing enough volume to push.

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I would but I'm afraid I'll spoil something !!! holy shit.

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Bogdan, You're the one with 11 years in the banking business. If you don't understand what the F**K he's talking about, nobody will...

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How in the hell does that spoil it ? If you really are a funds manager you certainly understand the value in correlations, why of course you do.

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What I was hoping to see was this area in here at the 886 (last fib level most traders keep on the scale) Price near 16614. That combined with last resistance of the daily pivots (R3 at 6630) Maybe it's a no fill/ no trade, maybe later in the day.. ...

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Morning ! Now that one made a little more easy to understand as 6580 was the 1.618 extension like so....

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Hey ! What's shakin ' ? I see that stat. That's what's been keeping it from dropping, too many shorts. They can fix that with a famous oanda price spike next news release. With Euro/CHF It's different. That's a line in the sand that Swiss National ...

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I like this area myself (in the green circle) Provides for a lesser risk and represents a short-term exhausted buying sequence. can use a tighter stop and the drop is usually immediate or not at all. I think it will drop.

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Correction.... not words... Pending orders. Big difference. I hope we both make $ , either way.

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Borris is a schmuck. He's so long the euro it's sick. In all fairness, if I could get on Bloomberg and get anyone to listen, I'd talk my position too ! He does sell a lot of books. Tracked his trade calls w/ Kathy Lien for a fair part of 2007. ...

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I don't think it's wrong.... We just saw 16590 and it backed off strong. Also, I see 5 clean waves up so now back down to 16470. I wouldn't get concerned until over 16620 (edit: maybe 6630 because that's R3 and I wouldn't fight it beyond there) ...

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You got it ace !

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Think key is the DP (NY) at 4940

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That one I don't get. please share if you can.... I see 16600/20 (weekly R1) Today's R2 is 16560 and we're there now.... Do you think something else is happening here, driver ?

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Well, maybe I'll break out a case of coors lite. It's only 15 pips now. Still, I think we all like those kind of trades. I'm ready for the next one.....

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Hang on, fool. Let's pace ourselves ! Look at this thing for a minute. It's reaaaally hard to get bearish about something that looks like this. I'm looking to take a few pips here and there and leave some for next trade. Still, we don't have 150, ...

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How 'bout now ? Can we get excited yet ? No ? Well maybe you're right. It's just 20 green pips for his short at 62. He should be pissed. Damn forex markets...... But I'll still give him a thumbs up Honestly it's just one trade out of 10 ...

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Well if you're green pips and have even one locked in, it's a free trade. We all like those ! Have small order near 70 and would rather wait than jump the gun. Good trading to ya' !

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Driver, How you like that short right about now ? sweet

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