I've been impressed with the phone app too pennies, I even have Heiken Ahsi candles and a great MACD. I haven't been confident enough with it to take trades yet. But I monitor and close trades when away form computer.

Nice work pennies on the 100% gain for Aug in your public account, that's the way to do it!

That's a big move pennies. Just looked at correlation chart EU and EJ have a 18.3 which is looked at as neutral to zero correlation. I was thinking they would have a closer one, that was throwing me off. I can see now how they can move in opposite directions. Going to relax on my EJ short, 124. sounds like a good plan.

If EU takes off where does that leave EJ? Trying to figure out what to do with my EJ short. Are you still seeing a drop to 127.

Thanks for those charts pennies, the charts are definitely the major story, fundamentals the minor one.

Makes perfect sense. China does have serious problems, growth there really looks unsustainable. Their propped up like every one else. See ya tomorrow.

I haven't paid any attention to them at all in my two year FX experience, sometimes I think a basic understanding might help me with and entry or exit when looking at coming news events. I feel clueless sometimes when charts don't respond they way I think they should..LOL

I thought that China PMI number would have moved AUD more considering the carry interest on long positions. I need to study more on China Japan trade relationships, didn't realize it was this strong. Fundamentals are really a weakness for me. You know any sites that have good info. Baby pips has some but very basic. thks

Do have an idea what is driving the yen crosses today?

Pennies, what are your thoughts on EJ and UJ? I'm trying to figure out what is driving them? Are you considering adding to EJ trade or wait and see a little longer?

Looks like we got that trend line break this last hour?? what do think?

Yea, it seems to be drifting down now after that spike. Just about 40 pip Difference 78.6 to 88.6 Really wanting to go long here. Will watch it for a few hrs and then decide. Took a small starter position on your EJ set up this morning. May add at some point.

Pennies, do you think that was the bottom for AU. China PMI number was OK, better than forecast.

AU charts looking bearish on all time frames, no sign of life anywhere. Just doesn't seem like it should be down here, The China PMI could be a mover for sure, looks like its in about 24hrs. I've been using the Myfxbook calendar. Like it, What calendar do you like?

Here a link, http://www.myfxbook.com/forex-economic-calendar

Any guess where AU is going to land? you think it will fall through .9000

At least its a positive interest trade. Bound to come back by the first of the New Year! LOL

Still hanging in. The last low was right on my daily pivot on the S3. really thinking it should turn here. Sure is taking its time!

looking at my 30min and one hour .9120 makes since, will place TP there as well. Will be up for 3-4 hrs yet, will keep an eye on it.

Just got in same price, what are you thinking? 20-30 pips??

Thanks for your thoughts SG, What sticks with me most lately is that retail is always on the wrong side of the trade. You've said it over and over on this board. I'm thinking about it with every entry. Looking at Oanda's position ratios right now. 72% of retail is short E/U. That's a red flag! I think. Retail is "all in" short EU, there's no one left to sell, Its logical to be short EU. But, with most of retail short, now the Professionals can totally take advantage and put the hurt on retail, push the price up, take their money and then let it fall while retail is jumping/chasing the long side. To some degree the game is rigged, Once you understand that, you have a fighting chance in this market. Yes/no/maybe??

Hey SG, was wondering what your take would be on this. In one of Dean Molaon's videos he says which way AUD/JYP is trending is a good indication of risk-on risk-off. We have a cross with the highest interest and the one with the lowest, would you agree? I'm working on some FX fundamental understanding this week-end. It a weak area for me, appreciate any thoughts you might have.

You got it boca, I'm on board

Wow, I do keep hearing concerns this fall could get ugly for the market. For some reason I have hard time correlating stock market to FX. Need to spend more time digesting it and paying more attention to it.

I struggle with fundamentals with FX... This means Risk ON ya?

Nice chart pennies, have collected quite a bit of info on Goodman. Have a pretty thick file. Need to revisit it as EW is a little too much for me. Goodman really adds a great overview of potential price action.

OK, I left room to add, will keep an eye on it.

I took the short 1.5644, looks good to me pennies

Nice,, looks like you did well. I got out too early, but did OK. I have premature exit syndrome, something I need to work on. Watching for a spot to reenter.

entered a UJ long this morning, looks promising this week, not sure how much room I want to give it? Like AJ here too, may watch it a few more candles on the hourly.

Chart: USD/CHF daily with tunnel and extreme tunnel, note how extreme tunnel knocked it down twice.

Hey SG just wanted to say how much value I've gotten out of the candles in the lower window. I'm however using the Elder Impulse candles you introduced me to some time ago in my lower window with the color stochastic laid over it set a 9-3-3. Lovin it. Do you have a favorite setting for stochastic??

Glad your long here, makes me feel better about my EU short. My chart says EU is going to drop a bit here, but sometimes my chart is wrong!

on my daily chart monthly pivot support one is .8815 looks like it has chance to turn there. S2 monthly is .8672 S3 is .8421

That being said, any Idea where AU might bottom out??

Hey SG, have been scalping with your super tunnel, along with a couple of my favorite indies. Have been pleased with my results. I find on the 15min, price just keeps coming back to the 441 base line, rarely gets too far away. Going to change to the 377 you mentioned and give it a try.

Just went long as well .9139 not sure what that last 30 pip drop was about? ADR at 134 now.

China news just hit. moving AUD and Yen

That was crazy, I got in after you did and lucky for me I was at my Computer and got out with some pips.

Nice trade pennies, appreciate all the charts this morning!

out with 7 pips. Don't want to take it to bed.