I think 1.30 is a hollow target level.....1.295 and 1.304 seem to be stronger support resistance lines. Pivot point.....hmm tough!

EURUSD

A roulette wheel is based on independent events. Each event has NO correlation to the last one therefore the odds are always the same and are not affected by the past. A currency pair is a variation of a random walk: Random Walk is a time series in ...

EURUSD

This pair is seriously trying the efforts of the market. Will the yen just die already? Let's let them print 10 trillion yen.......that'll bring it down a notch. What I don't understand is, what point did USDJPy start going down with Risk/On? It ...

USD/JPY Discussion

We've failed twice now at resistance.........but we're back at 77.9, same place we were yesterday at this time........still can't break it. We are building higher lows though.

USD/JPY Discussion

The guy before you who wrote 82-83 target in 2-3 months. I find his point not very relevant for discussion of this board since it's so far out and contingent upon so many things being changed.

USD/JPY Discussion

Well it doesn't do any good to strengthen, but again, if you took this valid argument you'd be....5000 to 6000 Market Pips in the hole over the last 10 years. However we are at extreme levels and have put in some extreme lows below market currently ...

USD/JPY Discussion

I wonder how long this malaise in this pair will last. When and what will be a catalyst for a breakout either way?

USD/JPY Discussion

Nice job! Looks like he dodged the head and shoulders pattern! Way to break technical resistance

EURUSD

Yeah i had a bad week as well......minor set back but I feel I gave up too much profit.........the law of averages applies again.

AUD/USD

News and speculation trading........gotta love it! url Released 10 minutes ago now, coincides with the 40 pip drop.

AUD/USD

I think the unemployment number will be at expected or lower. Those larger GDP numbers are derived from mining and the prices of Gold/other mineral production sold at market rates, so when the prices go up, employment doesn't necessarily go up as ...

AUD/USD

What's the logic behind USDJPY going DOWN when Risk is going up now? This pair WAS moving with risk, albeit a low correlation, now it's moving against? Anyone follow the complex logic here?

USD/JPY Discussion

Aussie is back up! It's time to brainstorm ideas: Is this just a simple retrace up before an inevitable move down? Even if is/isn't......where will it stop, pause and drop back? Where will it continue? 1.03-30 looks like a strong level, if we clear ...

AUD/USD

I did the second already......which I had to learn the hard way is absolutely necessary. However because I'm becoming a better and better trader, i'm also contemplating the probabilities with taking my loss now and running away

AUD/USD

SO i shorted aussie on the news yesterday made 80 pips. but at the moment, I've given half of my realized gains back in an unrealized loss -40 pips........so I'm kinda wondering if I should just salvage it and bail now, or keep going.......It could ...

AUD/USD

Don't tell but I'm doing all of that... To be fair, I've had the account longer than the US has been insane on petty laws against retail traders.

AUD/USD

I was hedged, I took off the hedge for now.

AUD/USD

It's had 6 days to move higher.........it has failed, leading me to believe we will see further downside. Flat tops produce downward movement typically.

AUD/USD

Yeah so Q2 revised to 1.4.......Exectation for Q3 was 1.2 Q3 was 1.0..........so it only got 71% of it's goal....or a drop of 30%, and yet...we rally. It's very interesting, wonder why the threshold was so low.

AUD/USD

Well, I do know in 1999 the market was much different and there was hardly a retail forex setup, spreads and liquidity were nowhere near what they are now. We're in a vastly different situation. That being said, I was not trading, I can't find any ...

EURUSD