GM stargate...you might be right about E/U but bear in mind that your beloved SNB intervened yesterday...I'm stubbornly all cash for a while.

GM pennies...woohoo !...congrats on that trade!..I've been on the side for several days now and will stay that way a while longer...a market driven by fear and uncertainty is not my cup of tea for sure...greek contagion sets the stage for crazy swings and at any given moment a rogue news release or factual one can have rapid and wild results now so my feeling at this time is no trade is my best trade(LOL)

Yep..I saw where the european union rejected any extension...looks like game over and grexit is coming.Funny thing is that if greece would agree to certain demands to cut spending rather than big tax increases they think will cure things that the EU and IMF have 7.2 billion set aside to help greece but is withheld til they agree to terms ...I dont blame EZ or IMF...just let em crash if they love socialism so much...socialism doesnt work and never will as the US will also find out sooner than later I fear!

GM pennies...am still sitting out this crap...the Greece talks are getting nowhere so whats happening is an unwinding of euro carry trades involving NZD and AUD...with only 4 days left to greek deadline I'm just waiting it out.If some resolution comes to that mess then carry trades should resume.Until then I am just being patient.Not saying some good trades wont be found but am seeing the market too risky for my blood til after june 30

pennies its been my opinion all along that having a common currency like the euro is the best and most logical way to do things over in europe.it has countless little chicken poop countries all over that part of the world and to have to exchange to each individual currency every time you cross countless borders seems ridiculous to me.Here in the western hemisphere its no problem unless of course every state in the US had its own currency putting us in the same mess theyve always had in europe til the euro cured the problem.I am strongly in favor of a common currency when it comes to a situation like I see in europe.All those different currencies had to have been a total pain in the butt for all the years before the euro was brought into play.Can you imagine if you were traveling from country to country over there and having to run to the bank at every stop so you have money to enjoy the stay in each of those countries.To me the euro still makes perfect sense.

Hey that's great pennies...glad youre doing well.That Greece thing is ridiculous isn't it..how many times for years now have they been dragging the Greece crap up like its something that dooms the whole world..then they kick the can down the road and act like everythings rosy again.The market is utterly insane huh?(LOL)

I'm guessing that those bank traders now have fallen arches and flat feet from stomping poor little NZD(LOL)

My patience may wear thin BTW if they take N/J down around .8330 and at this time it looks like that may well be in the cards

Insane indeed pennies...last I looked everything is strong against the yen but NZD and its getting stomped by the yen...see why I am patiently waiting for a really good trade on NZD?I'm in no hurry..patience will be rewarded nicely on that one.Hard for me to believe the japs are repatriating the yen only against NZD but it looks like that's the case.

While you at it take a look at a weekly N/JPY...I can semi understand NZ decline against the pound...the dollar or the euro but declining like that against the YEN!!????..the market would have to have brain damage to be buying yen that long against NZD(LOL)

At this point on N/U its technically poised to reverse to between .76 and .77 but..but...but!!!(LOL)

Markets convinced at least another 25 bp cut will happen next month...so they put on their stomping boots and are having a field day(LOL)

N/U has now entered a daily demand zone that hasn't been touched since 2010!!...yet the selling continues..stuff like that has me patiently on the side.Fundamentals were never so bad that NZD should be in .50s and .60s but that's what were seeing..on the other hand the fundamentals were never so good as to be at .88 but that top started this year long downtrend.A bottom is where buyers take the baton but where will it be!!(LOL)

GM pennies...well I'm still just sitting on my hands...I don't see ANYTHING I want to throw hard earned cash at...these moves are getting out of hand and I see nothing to stop them...no news scheduled that could break these trends and I'm danged sure not entering against these trends..so here I am..just window shopping(LOL)

That's interesting pennies..think I'll set up like that and see how it looks.

GM pennies..hope you do ok...no trades for me today...these moves are too bizarre for my blood...for example take a look at GBP/NZD weekly chart...ridiculous and yet seems no stopping it..no way I'm touching crap like this...time is on my side..also cash(LOL)

I'm not trusting anything just yet...if the fib level that's stumbling E/NZD now is crossed it could open the door for a move as high as 173....if fib holds tho then E/N should be a nice short.Am patiently sitting on cash...I'm in no hurry...been in this rodeo before!

GM pennies...I'm trading very spareingly right now...some of the movements have been very excessive...especially against kiwi...they have some fundamental problems that's getting them stomped...their dairy industry is struggling and its 1/3 of their economy...the rate cut plus more expected isn't helping kiwi any and the GDP number posted last night really hurt it as well.I'm patiently waiting for a sign of a bottom but thus far I don't see relief from the selling.Technically it should be near bottom but fundamentals may screw up the reversal for now.

I understand Heavyweight...seems to me if there were no BS press releases that even a child could make a killing in FOREX...FOMC day is a major culprit in the BS news stuff...NO WAY to know what to expect on any pair no matter what they say!!Nutzzz!

Hey pennies welcome home..you picked a pretty volatile time to get back into action..some pretty wild moves been taking place on some pairs...I identify with your brides statement..mine says I'm not all here either(LOL)

So...in other words you now have a semi colon instead of a colon...is that right?LMAO)..Hope you get a clean report jav!

Hope its nothing serious jav..I need you around so I'll have someone to pick on(LOL)

Hello..hello.is this thing still working?(LOL)...guess I'm the only one left trading...still loving renko and 3 pip bricks and am using an EMA2 with it...been a really good combination along with the COG and SUPDEM

Wow indeed stargate....sure glad I had gone all cash by early afternoon.After closing out N/U and N/J I set a limit entry on N/U at .7030 just above fib line but decided it not really smart so cancelled a few minutes before news release.Now they've messed up my NZD playhouse so gotta wait a while before trading it again.Wheeler says the same thing ad nauseum...unjustifiably and unsustainably high!Same words every time...except when N/U was in mid .80s he said exporters were adjusting to the exchange rate!!??(LOL)...these central bank heads are a strange lot!

GM stargate..yep...the markets looking for a 25 bp cut in rates for NZ...if they do cut I wouldn't be surprised if Wheeler spooks everybody with a 50 bp cut ..on the other hand even though their dairy industry is struggling he may hold at 3.5%...guessing game so I will be all cash well before 4PM central time!Gonna be high volatilty either way it goes.

Dang I hate it some days when London closes!!..no action at all...maybe I should move to the beast!

I sold half of my N/U long at .7070 and wish I could foretell the move on up nearly 90 pips higher..I held til it surged across .618 fib mark so got most of the other 90 pips...got 38 pips on the move to .7070 to put me in a good spot to let the other half run pretty well risk free.38 pips gained on half and 118 or so pips gained on the other half.I started buying after it seemed to bottom so whole position was below .7035.That was overall a really good trade and am well pleased.NZD interest rate decision is tomorrow so I think I may stay away from NZD til the dust settles..the markets concensus is they will cut at least 25 basis points so either way it goes it may be too volatile to suit my fancy til the decision is announced and levels out on price action again.

Well jav...am I the only one trading today?...been a good day with the nice N/U reversal..just closed out my last long and am gonna see if it can hold this area..been dipping from a fib line its near but I swear today looks like a carry trade so no way I'm going short on it...my guess is a short squeeze coupled to USD weakness today.Makes for a nice run..I'm fat and sassy now and all cash...you do any good today?

Ok..I just changed mine from black to dodger blue and from black to purple...the upper one is simply tracking with the histogram..the lower one is the zero line

Hang on to your drawers this am..NFP and unemployment numbers

GM jav..beats me..I don't see any Pt VT etc on mine...are you sure yours is the one I posted a link for..MACD_colored_v105

Obviously its up now Heavyweight but been acting up for sure this afternoon on my end

Good deal jav..your macd looks funny compared to the one I'm using..heres the link...its called MACD colored v105...think youll like it better

http://www.forexfactory.com/showthread.php?t=199285&page=39

Have fun pennies..c u when you get back.

Congrats jav!!..glad to hear it

Hey jav..I'm not trying to talk you into something that doesnt work well for you...if you have something youre doing better with please use it...whatever is used that makes pips SHOULD be used to make pips.I simply put up a chart of what I'm using and works for me.Here on the board we have posted so many ideas and methods that its bound to totally confuse everyone.Bottom line is the best setup is what YOU use that works and makes money.

jav..heres my setup using 2 pip renko bricks..at bottom is a 6,13,5 colored MACD which is best companion indie I have found using renko charts..I love it

Hey jav..I've been working with renko bricks so much lately that candlesticks look strange and chaotic now(LOL)I guess you just couldn't get used to the price based stuff in renko but for me I doubt I ever look at another candlestick chart other than my Oanda platform..cant get renko there..my FXCM charts have renko tho as well as of course MT4 so I'm a happy camper.I finally settled in on 2 pip bricks and am well pleased with my chart layout.

Hey...wasn't it Goldman Sachs that said the euro is going to .95(LMAO)

Idiots indeed!!..the euromongers have totally lost their minds today(LOL)