Ha! So much for double bottoms! Neckline resistance held, and EURCHF has just made new lows!

A member of the Crooks family was recently talking about roulette, specifically how he thought that there must be a strategy that can put the odds of winning in your favor. Perhaps there is, but he wasn't able to vocalize it and we weren't buying it. Flipping a coin came to mind.

CFTC Commissioner Jill Sommers and President of NFA, Dan Roth met on Friday. Guess what was discussed?

And the choppiness continues! There was no follow through to the downside after a nice break of the falling triangle and major support area.

Unfortunately we took a couple of small wipeouts today but we're still keeping our head above water! See how it all went down in today's Cowabunga Surf Report. (Video Included)

Good day forex folks! It's NFP Friday! Aside from that, a bunch of other top-tier reports are on deck today. Check out my daily roundup so you don't miss out on those!

A certain Jean-Claude kicked butt yesterday and no, I'm not talking the guy from Street Fighter and Universal Soldier. The dude I'm referring to is ECB Governor Jean-Claude Trichet, and he doesn't need to take off his shirt and intimidate you with an unbelievably muscular body, no sir!

GBPUSD, EURCHF and EURJPY - those are the charts that you will see today. Check 'em out!

Never try to trade everything you see. Keep your trading activity limited. Focus only on the highest probability set-ups.

Yikes! It looks like resistance at 1.0670 held as USDCAD tumbled to 1.0500 after bumping that ceiling. I think it's time to make some adjustments on this short trade idea.