Could be, but I'm not sure I agree about the "reality of the situation". The US economy is by no means good, but the Euro and UK are just beginning to realize the downturn in their respective economies. Meanwhile, the data out of the US is beginning ...

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I sure would think so. Oil is breaking under $117 though, and could literally free fall another 10-15 dollars. I'm eyeing the same level as you. It's as big of a No Brainer as I can think of. I just don't know about that oil deal. I'll still go ...

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Run away train — EUR/USD down to 1.4967-21. I'd leave a larger stop here, but I don't see anything to stop it on the way down.

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It just broke through pretty important resistance. I think I'll start buying on pull backs .

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This pair has been so good to me this week. The only issue is trying to get back in. The bounces have been so small, and rarely back to a nice support turned resistance spot. It's gone so far already today, I think I'm going to sit tight and just ...

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Seems we're thinking along the sames lines and with the same questions. I want to sell on rallies, but I don't know where the breaking point is either. 1.5514-20 seems like the most logical place to me, even though it's only 38.2%. However, this ...

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The real question is "Now what?" How far past the previous lows do we need to get before we can eye <1.500? I held on to a small part of my EUR and GBP shorts because things seem to be shifting fundamentally. I did sell off most of my positions ...

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Same place I have mine on EUR and GBP

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hmm, not sure I see that wedge as much as I see the pair bouncing off its rising trend line?

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Appreciate the run down Iron Man. I had quite a few long dollar positions going into yesterday, but took my profits in anticipation of a pull back after the announcement. Never happened, and then I got distracted early this morning and missed those ...

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Your picture is cut off a bit, but if you're looking at 1.5515-1.5522 range, then that's exactly where I'm targeting a short. Also, I'll add to the position up to 1.5565.

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Probably not so crazy

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Same place I'm looking to go long. I didn't see the current level either.

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I have the same level marked, -1 pip. Strictly S/R-wise, it's a No Brainer to me ( at least for 20-30 pips). but, I'm not taking it with oil losing its mind. Think I'll wait for CAD drop to 1.0323 area and see if it sticks for a long. I'm just not ...

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Could be. I'm actually looking for good levels to short it. I don't know if there's much to support AUD fundamentally right now. And as BRV said, of all the rate announcements this week, their has the biggest potential for a change (cut).

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I shorted at 1.5628. Like that spot a lot. I feel like we've been given free money here. Hope we're right. Oil is staying low, news on the tropical storm is that it won't effect production. I was really hoping Cable would get up to 1.9725. I got a ...

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AUD is directly correlated to Gold. Also, Australia's economy is slowing, and I believe there is talk of interest rates being cut. NZD just cut their rates and have been clear that more cuts are to come. The two economies are closely tied. Also, the ...

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looking forward to it

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You know, it seems I still have the level marked from back in mid May. One of your first calls in this thread.

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Billy, didn't you have a No Brainer picked for 9290? Getting pretty close to that. Just wondering how you feel about it.

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