But of course no traders pay attention to these things, so my advice would be to take a long EUR/USD position and hold it til it hits 1.4200 !!

EURUSD

What the German court decision really means — The fireworks following the half-baked mainstream media news probably made someone a lot of money! ...as if everything is fine now that existing bailouts are secure. But, the rest of the story... ...

EURUSD

Shooting fish in a barrel... — Sorry for the delay, but.... The trapping I referred to would have occurred Friday afternoon if GBP/USD had drifted off aways into the afternoon. But on that day it didn't. I used to trade the post-stop-run ...

Cable Update (GBPUSD)

Opportunity — GU just fell out a bed... went below the lowest TL in the 2 week old system. Now, the weekend is coming up, question is: do we trap people who buy it or people who sell it?

Cable Update (GBPUSD)

Fed Super Hawk Plosser on in 5 minutes. GU is up there pretty good, but if Plosser says something outrageous... look out below! Or not. Good to keep an eye on the newswires over the next half hour or so.

Cable Update (GBPUSD)

Good point, the 23.6 and 38.2 retrace levels give GU a good reason to be hanging out there...I've been wondering what it was doing in that area; but will it break to the upside? UK data's been so bad recently that it's hard to imagine who would be ...

Cable Update (GBPUSD)

I've been wondering why GU continues to be held up for a second day due to buyers btwn 1.6235 & 1.6250... One obvious reason would be the large number of shorts that got trapped after trying to fade what was certainly a phony Services PMI hype on ...

Cable Update (GBPUSD)