My strategy for the whole week is sell Cross/yen on strength / rally.

USD/JPY Discussion

I bought 1.9854, still showing no direction, but moving stop to protect few pips if it turned.

Cable Update (GBPUSD)

USDCAD is bottoming either way. I would say buy dip instead of betting on the short. Just advice

should we play on usd/cad ?

Very strong trade is that EUR versus AUD. Technically and fundamentally great positioning.

Aussie Pairs

This is not our lovely environment. Face our strongest fear guys. The massive carry trade unwinding, the credit crunch. The old good days of carry trade building, and the interest paid on USDJPY, GBPJPY, AUDJPY, EURJPY, NZDJPY.. the old days have ...

Cable Update (GBPUSD)

Indeed, I think dollar sell off is really overdone especially versus the swissy. COT data from last week show dollar will find a bottom soon. But how can we know it?

Cable Update (GBPUSD)

Dollar sold across the board. Watch swissy near all time lows as well, What will Bernanke do more? Anyway, he cares? Let it slide cause we want to know the bottom ground of this slide.

Cable Update (GBPUSD)

Looks like we are on agreement at least that dollar is nearing a bottom (EURUSD /GBPUSD toppish) That's cool.. lets take them down. I closed my long from 90's now. and I am just waiting for a top to show itself.. if not, I am not taking shorts until ...

EURUSD

Can anyone connect to Oanda now? I need to get a position closed.

Rate / Review Oanda Please!

I stick to my own opinion though that dollar will play a serious recovery versus aud, nzd, gbp, and eur and i still see price action in gbp/usd toppish. The USD situation favours more usd selling in the wake of weak economic calendar and housing ...

Gold at 1000USD!

Actually I do not trade those patterns. I trade on elliott wave counts. so can't judge the validity of H&S pattern.

Shouldnt the USD/CHF have turned the other way?

Right now, EUR weighed by comments all over the place about EUR strength. Adding to US dollar strength. But I am surprised they just realized EUR went too high. Same thing happened about long time ago on EURJPY it was 150.. since it moved to 168 lol ...

Shouldnt the USD/CHF have turned the other way?

I think the strength versus the dollar was over done and let us agree that a correction was very much needed when you consider usdchf fell hundreds of pips without any considerable retrace. From almost 1.10 to 1.03 Having said that, I believe usdchf ...

Shouldnt the USD/CHF have turned the other way?

I am short on usdjpy and the euro cross. Well, resistance or corrective move can reach as high as 104. So its a wide stop trade. Giving it much room. Cause I seriously think usdjpy is already damaged to the downside.

USD/JPY Discussion

The increase in australian dollar interest rates was nothing but fully predicted by all market players. It is very much priced in. Remember, retail sales news came in weaker aiding in the drop. However, AUDUSD now looks to be topping very much. Why? ...

Aussie Pairs

I think it is supposed to go for last run above 1.52.. but I won't bet too much, I will take tiny profit of the long and wait for that spike high to get short (medium term entry)..

EURUSD

Actually I do not see it falling until it breaks 1.98. Or get out of that triangle to the upside. its at. 1.9930 and decreasing. That means any trade in cable now is just a high R/R. unless you bet on the upside breakout like me given this is a ...

Cable Update (GBPUSD)

? I have no strong bias. But I have a buy limit in 90s.

EURUSD

Can't really predict that. But got to see how the RBA announces the statement. I think aussie fate still unclear but if a wave of carry unwinding begins it will sell off.

Aussie Pairs

Let me say if your chart and your inside trader feeling says the direction is up. It's good to see extra confirmation.. does not hurt. Yes we would not trade blindly like that. But I am sure they care about their trades more than others. Yes, I ...

EURUSD