Recent content by Turtle Forex

For those that are interested here is another read on EUR/USD and AUD/USD: SSI: Traders Heavily Long USD, Contrarian Signal to buy EURUSD, AUDUSD | DailyFX FXCM's Speculative Sentiment Index (SSI) is a measure of FXCM clients positions. As of the above article published on Jan 26, 63% of...

Well here is the long and short of it (pun intended)... The EUR/USD is sitting 10 pips below the 38.2% Fib on the daily chart. Now before all you EUR shorts get too excited, lets take a look at the underlying move. I mentioned earlier that the EUR/USD is down more on USD weakness than EUR...

Sorry...test of 1.0750..the 3 yr shows the move from about .6500 up through parity.

BillV, A little more insight into AUD/USD...just something to consider...I have a couple of AUD/USD daily charts, one showing the last 9 months and 1 showing the last 3 years. The 3 year chart has my strength meter attached to it I went back and looked at what happened when the USD(red) and...

Update: This morning saw mostly lackluster price action across the board with a couple exceptions. The EUR/AUD short went my way a few pips but then reversed and could not recover after weak US housing data. While I am still bullish AUD, I took my 28 pip stop which was just above a small level...

You do make a valid point there. With a flip-flop fed and a media that tells us how we are supposed react to the news nothing that comes out of either of them surprise me. I think we may see a correction from what I think was an overreaction but still look for USD weakness and AUD strength...

Good Morning! This is my first post of my Strength Meter here on T2W. Right now on the 3 hour chart we are seeing a very strong AUD(black), NZD(thin green) and CHF(gold) with the USD(red), JPY(purple) and GBP(green) showing weakness. Also the EUR(blue) has been breaking down off its highs made...

You mean it depends on what USD does, right?...;). I attached an 8 hour chart of my "Strength Meter" Its and indicator I built that compares the RS of each currency pair and averages them out then compares them to each other. ( I Can only use 6 colors so the NZD and CAD are represented by the...

Money's been going into the higher yielding currencies for months. I think 1.0750 will be tested from what I can see with a boat load of USD bulls set to short at that level...Whether 0750 holds or not I can't say but I think that level will be tested... To put it another way...I wont be...

I guess I should say the reason the EUR is up is NOT because of a demand for EUR. I really don't care which way it goes as long as it goes somewhere..I'm curious by nature and like to have an idea of what the underlying reason for the move is... I'd be careful being long EUR/USD if it gets to...

Hi Guys...I really wasn't talking about todays "FOMC" move...I think that was priced in already..Money has been flowing out of USD and JPY since mid December. The commodity currencies are up because they are strong AND money is flowing out of USD and JPY....EUR is up for one reason...That was...

Well EUR sure did break into an uptrend against the USD (and JPY), but is this move EUR strength or USD/JPY weakness...

The strength meter shows that this latest up move on the EUR/USD is more the USD selling off than money flowing into the EUR:

Hi! My name is Joe. I am a spot Forex trader and I am looking forward to contributing to T2W. I have been trading the Forex for about 10 years and enjoy sharing what I have learned with anyone who will listen..hehehe In addition to my posting on T2W, I will also host live trading and...