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- BFSGcapital replied Jun 22, 2012
Its certainly not risk on... Just a sideways correction + weekend
- BFSGcapital replied Jun 22, 2012
I told you market acts like a 13y old girl By the way, when gold hit 1530 sometime next week, that's when Euro will bounce probably. Somewhere in the low 1.24s makes sense for 1530 gold. Once 1530 goes E/U will really start to tank.
- BFSGcapital replied Jun 22, 2012
Just talked to my father, he went long silver no less than hour ago. He's not exactly a good trader, he just does it for the long term, but he did get a good entry. However once $26 handle goes, look out below. I told him silver will likely fall to ...
- BFSGcapital replied Jun 22, 2012
I hate the way this market trades sometimes. Theoretically a move above 1.2555 should not have any chance of happening. As its a double top broken neckline. But this market behaves like a 13 year old girl, so anything is possible. A move up to the ...
- BFSGcapital replied Jun 22, 2012
I always say things like its hard to imagine. Also, bias from not having a short in play. Especially when I see price moving straight in on direction. This is the absolute worst. Not even 5 pip retraces. However, the pair is trading as if it's ...
- BFSGcapital replied Jun 22, 2012
Lots of support down here. Hard to imagine a break of 1.25 today. 50 fib from the whole correction is at 1.2517
- BFSGcapital replied Jun 22, 2012
It's all coordinated for trading I swear. Can't make money without volatility and range, which requires giving addicts their hopium, then taking it away immediately. Note the 200 pips worth of swings in the last 2 hours. 50 up, 30 down, 30 up, 50 ...
- BFSGcapital replied Jun 22, 2012
PT made a point a few days ago about watching the difference in E/U price action once SAMA stopped bidding it up. It's definitely obvious by PA alone that this thing is going much, much lower. It's a Friday after a 160 pip down day, and we are still ...
- BFSGcapital replied Jun 22, 2012
Bounced exactly off 5m bollinger bands. I used to not think BBs were that important, but it seems all the market makers use them a lot more than I thought.
- BFSGcapital replied Jun 22, 2012
Yeah they aren't exactly predictable, but with EMAs its much, much easier. Such as 1hr 34 EMA, at 1.2578/82 Add: Only $999? What a steal!
- BFSGcapital replied Jun 22, 2012
Rumors! It's how the big players make so much money That and options. Market has a pretty small range but its still quite volatile right now. 10-15 pip swings every 5 minutes. I wish markets could move like this all the time.
- BFSGcapital replied Jun 22, 2012
Good morning all, did not feel like trading London so I slept instead, and it looks like I didn't miss anything besides tight range. First trade of the day is short scalp at 1.2580 (on exhaustion) and I got lucky with the downgrade data coming out ...
- BFSGcapital replied Jun 21, 2012
Evening changbachang. Did you get to trade the action today or are you just logging on edit: lol i mean good morning, i honestly dont know what time it is for you lol
- BFSGcapital replied Jun 21, 2012
Thanks PT, that makes a lot of sense now. There should be no way for the money manager to withdraw funds, I don't understand how he stole the money for his personal use. Anyway. Rumor is Moodys downgrade may come overnight or tomorrow.
- BFSGcapital replied Jun 21, 2012
Haha wow! That's incredible. Took me 30 seconds to load it.
- BFSGcapital replied Jun 21, 2012
Right, I guess even if U.S. banks are downgraded, flight to safety will still be USD.
- BFSGcapital replied Jun 21, 2012
TalkingForex is saying 5 US banks and 9 UK banks we shall see as always, its just market rumors
- BFSGcapital replied Jun 21, 2012
Who gets downgraded worse UK banks or US? And are any EZ banks going to be downgraded? It would only make sense. If no EZ banks are downgraded but US banks are, wouldn't that be a catalyst for a retracement? (in E/U) Plus tomorrow is Friday.
- BFSGcapital replied Jun 21, 2012
I have never seen the markets trade this heavy for this long. 6 hours and still no bottom to this move!