image This is the "hardest" part for me...I want to just lock in profits and close for the day because I suspect a pullback but my ultimate goal by EOW is 105.50ish. Probably close 1/2 and let other 1/2 run - I wish I could just hedge my account ...

EURUSD only

You tease...

EURUSD only

This is one of those moments when I have to decide - what to believe technicals or fundamentals? I CHOOSE FUNDAMENTALS = LONG DXY AND SHORT OTHERS. Read the statements (NOT the headlines) and you get two VERY DIFFERENT outlooks. Good luck all.

Cable Update (GBPUSD)

I've been short. First order got stopped out for a 20 pip loss. Current short doing well. I will likely keep this short open for awhile as I believe that DXY is going to find some traction. image

EURUSD only

YOU are correct; the terminal rate will be 5.5-6.0% in 2023. This is the gentle foreplay before Christmas...

Cable Update (GBPUSD)

That what every day trader looks for increasing volatility. As for trends - they come and go - who cares as long as you are on the side that is making money! For swing traders/position traders I absolutely agree with you. For traders who hold ...

Cable Update (GBPUSD)

HOLIDAY???? What planet are YOU living on? Christmas holiday doesn't really start until NEXT week - there is also Hanukkah next week as well. HOLIDAY....HOLIDAY....THERE IS NO HOLIDAY IN FOREX!!! image

Cable Update (GBPUSD)

EXACTLY - go back and look at the last time this happened

Cable Update (GBPUSD)

Stop being practical will you? In all seriousness you ARE correct and people shouldn't be happy about a 7% inflation reading. What the market is happy about is the direction so "they" think ok, the FED will begin to pivot and now they are planning ...

Cable Update (GBPUSD)

Nice one, I took USD/JPY SHORT!

Cable Update (GBPUSD)

If ANYONE sends a nuke I think the Forex markets will be the LEAST of our concerns... image

USD/JPY Discussion

I think that arrow should be pointing UP! Once DXY closes above 105 it will be Remember PMI tomorrow - buy the rumor sell the fact.

Cable Update (GBPUSD)

That's ok little bear, you can go to sleep for the remainder of the week - it's time for the USD to take a breather... I find it a little "convienent" that the EU stopped cold around the time of the Russian "nuclear" threat....which personally I do ...

EURUSD only

image

Cable Update (GBPUSD)

RESPECTFULY and I do mean that I 100% am on the opposite side of that equation - ESPECIALLY in Forex where a majority of the retail traders (myself included) close positions by end of day (EOD). I've traded options in the past - covered called, call ...

EURUSD only

I doubt that it will. I'm short UJ based on the 0.7% decrease in labor unit costs - THAT is really what the FED is looking at - not commodities or "things" it's all about wages and rent. IMHO this give cover for the FED to dismiss the higher PPI and ...

USD/JPY Discussion

Can I ask a serious question? How does this affect your trading? I've seen people talk about options expirations ad nausea but no one seems to find a method to make it profitable in trading. PERSONALLY, I view options as red herrings; distractions ...

EURUSD only

Ok back on the bull train - for today... image I'm expecting PA to test Monday's high. The decrease in labor costs will give the FED room to only raise 0.5%. (Personally I want a 0.75% just to get it done and over with).

EURUSD only

You MAY be right but for argument's sake let me present an alternative: The NFP by itself wasn't great but what was the trigger for the sell: Wage growth of 0.6%!!!! I've been saying this for months now but the FED will not stop tightening until it ...

EURUSD only

@Indigo45 USD is consolidating as traders now must decide if the December FED rate hike will be 0.5% or 0.75%. WHY? REVIEW: The FED looks at 3 areas of inflation: 1. ENERGY - coming down 2. HOUSING/RENT - still high, prices on houses need to fall by ...

Cable Update (GBPUSD)