@merchant doing great, the last one week has been off the hook, the EURCAD,EURUSD,USDJPY,AUDUSD,CHFJPY,AUDCAD, have jst bn sooooo wow, n I gess we wl see alot frm the pairs ths week,wht do u thnk,by the way I hit over 900 pips on ths pairs

900 PIPS! Thats insane! Maybe I should also trade on more pairs. If you are trading a live forex account, a standard one, you are in the money!!

@hisah, we sailing in the same boat, very interesting turn of events am expecting esp frm AUD N JPY pairs, @merchant maybe n maybe not, u can try working outside ur usuall pairs bt test if it works 4 u coz it may backfire. gud opportunities on GBPUSD, GBPCHF

@merchant, pls do,letmeknw how it goes,hv look at USDCHF, CADJPY shorts, eurcad long, shld give u arnd 70pips

@hisah insightful details ryt there, i'm also shocked by the EUR bt 2dy will be testing day EURUSD, anythng on gbpchf, shorts luks lyk it 4 th day

@hisah u just the man, infact I was logging in to update you on EURGBP, I'm long looking to lake in atleast 70pips, wow I like the fundamental analysis u bring 2 the forum, CUDOS!!!!!

So you trade Stock indices..Hmmmm...How did you get into this? Are you using a prop trading firm? Let me in bro.

@merchant, Hisah is just in a world of his own, those updates are just off the hook, wht's ur take maybe we shld see n hear more of him.

Some opportunity with GBPAUD long setup. If it can breakout of that downtrend line (30 day - 1hr timeframe) that will confirm bullish reversal - this is a weekly setup (1 - 2 weeks). A strong break of 1.64 is required. Tuesday 0330GMT we have the RBA rate decision. Most analysts expect a rate hike of 25bps (from 4.50% to 4.75%). Even if they're right I expect the Aussie to be sold into any rallies since we have to many bulls and the aussie has been toppy since last Wednesday. If AUDCAD gets back to 0.9980 levels, I'll add more shorts. As for the AUDNZD short, this one is crawling, but I'll keep it with a breakeven stop (1.3090) in case it fails. EURCAD is working fine - I'll let it run for another day.

@fxtech - I hope you got out of EURGBP, this one is topped out on the daily, which points to GBP strength for a day or two. The large bearish down candle formed today confirms euro losses and note that EURGBP daily RSI is still overbought! Down target 0.8560.

http://web6.twitpic.com/...397.4caa2b38-scaled.jpg - GBPAUD trend

DAX and FTSE shorts are also working fine. I like big reversals (bullish or bearish) on Mondays since they dictate the week's direction. Wednesdays are usually strong weekly trend movers. I expect more global stock losses this week.

Took a small Nasdaq short @ 1988 for an open objective - no targets yet - stoploss at 2025 (daily double top - been stuck at this top since Sept 22nd).Intraday it has already filled one of the gaps at 1960 which leaves 6 more gaps below to go. So far a very bearish daily candle has formed. More losses for the week with the MACD histogram rolling over with the overbought stochastics following suit. The Dow and S&P too can be shorted, but I prefer the Nasdaq since it is the weakest as per the many gaps up.

http://stockcharts.com/h-sc/ui?s=%24NDX - Nasdaq index daily chart

For this week, I'll concentrate on the GBPAUD and USDCHF - both contra plays. For GBPAUD, I've put a buy order at 1.6280, just in case it spikes down through 1.6300 during the rate announcement overnight. Stop at today's open - 1.6275 (15pips of risk), but the potential for upside is roughly 200pips subject to 1.64 is broken. As for USDCHF, if it can touch below 0.9700 on impulse (quick selloff), that should hint a bottom if a reversal ensues and closes the day higher. This is when the euro losses will beginning in earnest.

All the best in your trading.