EURUSD went down, so that means it will continue? And what does EUR have to do with USDCHF? EURUSD could go down and so could USDCHF at the same time. With that said, EURUSD looks to be a reversal spot itself. I am more comfortable shorting USDCHF.

USD/CHF

This pair looking like a great time to short right now. Should make new lows below 0.8800.

USD/CHF

Not real happy with the move off the bottom. This pair just looking a little too risky at this point, especially when there are better looking trades available right now. I'm out.

CAD/JPY

If things were only that simple. Enjoy these last few little sell-offs. The big move up (1,000+ pips) is about to take place. With that said, I'll concede defeat if 88.50 is touched.

CAD/JPY

Still liking a reversal, myself. This has already done a lot of damage to stop-losses. In an area right now that has some POWER...to the upside that is. For scalpers, you guys are right to have a short bias, though.

CAD/JPY

This pair looks to be at a major low right now. Should travel several hundred pips north from here.

CAD/JPY

Doesn't look like a no brainer to me, guys. In fact, I think it will be bullish from here. I'm long EURUSD right now, and I think GBDUSD will also go up, but EURUSD will be stronger, I believe. I'm not in in this pair, but there is definitely risk ...

EUR/GBP - What a great pair to trade!

Still looks like a textbook stop-run. MOve down will be big, I think. Was stopped out at b/e, but got back in a few pips lower. Stop is as was initially.

Zappa's Journal

Another low volume, weak-looking, stop-running move ain't going to take my stop or scare me out.

Zappa's Journal

Just one more thought/example of the whole "which moves first, the market or the news?" debate. Do you remember when there was a "surprise" from the Swiss central bank back on September 6, 2011 when they announced a ceiling on the currency by ...

Zappa's Journal

I believe I covered this with "One news item ain't going to change a trend. Well, maybe in some cases it could. A good trader will spot something before it even happens and will be either flat or positioned for this "surprise" announcement." Is the ...

Zappa's Journal

Well, there is always news coming through, so if I closed out my position before every news announcement I'd basically become a scalper (one that loses!) It is of my belief that the market is primed to go a certain way BEFORE the news even comes ...

Zappa's Journal

Cool. Good job, momochi! Setting the stop on this one to b/e. Letting it run to 102.00 for now if it will, but got my eye on it just in case something starts to change my opinion. Like I stated earlier, I don't see a reason why USDJPY would make a ...

Zappa's Journal

I'll be very surprised if this turns into a bull move. When you look at the 15 minute (chart 1), it kind of looks bullish. This would have confused me in the past and that little move we had in the last hour would have made me change my mind and ...

Zappa's Journal

Yes, but Monday is just about over. I think this week could be volatile, given that the next two weeks will probably be pretty slow. Anyways, 100 pips in USDJPY is really not a big deal. It's normal, even in a slow week.

Zappa's Journal

Was hoping the move down would hit my limit while I slept last night, but it didn't. I'm still short USDJPY; extending target to 102.02, which makes this a 1/6 r/r trade. I might get out earlier, but I think this will go there. The EURNZD trade was ...

Zappa's Journal

Looks like USDJPY might have made a real top. I'm going to let this trade run and see if I can get 3X the initial risk by putting target at 102.53. I'm probably leaving a lot on the table, but that's good, I'll be very happy with 3X risk.

Zappa's Journal

Stopped on USDJPY at half risk. Exited rest of CADJPY at 97.38. Moving stop on EURNZD to 1.6593. Short USDJPY (chart)

Zappa's Journal

Moving stop on USDJPY to 103.09. I don't think it will go there, and I don't think I want to be in anymore if it does. It changes the r/r from 1/3 to 1/4.75. Always looking to minimize risk when I can.

Zappa's Journal

Well, that's pretty cool that you like Zappa. He was the best guitarist ever, in my opinion. I used to think I was pretty good at guitar until I heard Zappa and Hendrix. It was then that I realized how much I actually sucked.

Zappa's Journal