I'm in complete agreement with all of this! It's a critical point. Safer to be short IMO, but could easily see a retrace to .9400ish.

AUD/USD

Interested to see what this pair does as it hits parity. I believe there are a lot of sell orders sitting at 1.00. I think fundamentally we should see 1.03ish, but might take some more time to get there.

USD/JPY Discussion

Want to hold my shorts for deeper push downwards, but CPI makes me nervous.

Cable Update (GBPUSD)

I'm expecting Aussie news to provide USD burst needed to get through 1.3400.

EURUSD

This is Forex, it could go anywhere. =) I actually think fundamentally there is reason for it to head south as well. Mainly due to what I see as dollar strength in the midterm. I find US data affects this pair more strongly than UK. UK seems to be ...

Cable Update (GBPUSD)

I'm much more bearish on this pair than most it seems. I think we test 1.5000 in the next 3-4 months. I'm shorting the rises. Holding short from 1.61 and adding on rises. As of now my TP is 1.50 by January, but will watch PA. SL is break even. ...

Cable Update (GBPUSD)

Been looking at some charts. What are your thoughts on E/J ? Looks like a good opportunity for a long-term long with the trend. I'm thinking of long here at 1.3225 with target of 1.3700+ SL at 1.3100 Thoughts ?

Riding the Gnarly trend wave...

If this becomes the market sentiment, we most certainly will be headed lower. All indicators both fundamentally and technically point lower. Trade with caution. I'm shorting the rises. url

EURUSD

Thanks. Looking forward to it.

Riding the Gnarly trend wave...

Could you explain this further ?

Slippage explained

Bob, Great results. Could you speak to the pellucid trading platform ? Why do you like it ? Benefits/negatives.

Riding the Gnarly trend wave...

short 1.3343 TP 1.3321 SL 1.3358

EURUSD

I think we could test 1.3300 again. Be very careful down there. There were huge buyers down there last time. This slow tick down may make them less likely, but just use caution shorting down near 1.3300.

EURUSD

The spx drops because a taper stops the injection if liquidity. Good data like this means earlier taper which means less liquidity which means lower stock market.

EURUSD

Bob, I appreciate your thread. Keep up the good work. I always like what you have to say. Did you mention you have a website ?

Riding the Gnarly trend wave...

Watching the price action when we were down at 1.3300 earlier in the day makes me think there are some big buyers down there. While I currently hold a short bias, I am not convinced 1.3300 will be easy.

EURUSD

Lots of buyers around 1.3300. Very interesting. Don't see them holding snake eye for very long.

EURUSD

Lots of buys at 1.3300

EURUSD

Holding shorts. Could see 1.32 by close tomorrow. Will hold best short for 1.30 target. Lots of downward steam.

EURUSD

small short at 3481 SL at 3528 will add to short at 3502 with same SL Target 3458

EURUSD