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  • #4,661
  • Feb 27, 2008 1:58am Feb 27, 2008 1:58am
I wouldnt buy now, it's very easy to buy on the top. I won't do it. I short it.
4X is the biggest casino in the world...Open 24h Monday to Friday.
  • #4,662
  • Feb 27, 2008 2:04am Feb 27, 2008 2:04am
Quoting pipsy_2
I wouldnt buy now, it's very easy to buy on the top. I won't do it. I short it.
tahts true also but FA tells that usd gonna be weaker n EU gonna go up
  • #4,663
  • Feb 27, 2008 2:07am Feb 27, 2008 2:07am
Quoting pipsy_2
Is it the end of the USA ?
rant:
I think the beginning of that end was in 2000 when we bailed out of Kyoto. And since 2003 when we invaded the middle east we pretty much sealed the deal.

Every time I leave the country I notice how disappointed people are in this nation. Especially after the 2004 re-election, they're like "errrr, what?"
  • #4,664
  • Feb 27, 2008 2:08am Feb 27, 2008 2:08am
Quoting Subdude
It's always choppy around London open. A slide under 1.5 in a matter of minutes is quite plausible.
true. still, it looks particularly choppy, and volume is higher, too.
  • #4,665
  • Feb 27, 2008 2:13am Feb 27, 2008 2:13am
Quoting pipsy_2
I wouldnt buy now, it's very easy to buy on the top. I won't do it. I short it.
I remember thinking that too, when it went past 1.32
  • #4,666
  • Feb 27, 2008 2:23am Feb 27, 2008 2:23am
Quoting digitil
true. still, it looks particularly choppy, and volume is higher, too.
i think it's too optimistic that EU gonna keep on going high..
but forex is like that..we can 100% predict the market
  • #4,667
  • Feb 27, 2008 2:47am Feb 27, 2008 2:47am
The US session/open will bring the euro down ....
  • #4,668
  • Feb 27, 2008 3:53am Feb 27, 2008 3:53am
Quoting Schminner
The US session/open will bring the euro down ....
I suspect the rest of the week will favor USD against the high flyers like euro and pound.
  • #4,669
  • Feb 27, 2008 3:55am Feb 27, 2008 3:55am
Quoting pipsy_2
Is risk higher to go: LONG or SHORT on EU ?

Who buys it now ?
People who want to loose money...
There's almost always at least some one major currency pair where you can pick strong trades (at least on the scale of a few tens of pips like I trade)... so why take risks.
On the path to Enrichment.
  • #4,670
  • Feb 27, 2008 3:58am Feb 27, 2008 3:58am
Quoting Subdude
I suspect the rest of the week will favor USD against the high flyers like euro and pound.
I think so too, all pairs gained a lot against the dollar, probably going to be a retrace soon, but I believe probably not a very big one either..
On the path to Enrichment.
  • #4,671
  • Feb 27, 2008 4:02am Feb 27, 2008 4:02am
Quoting pipsy_2
I wouldnt buy now, it's very easy to buy on the top. I won't do it. I short it.
why do you think its at the top?
  • #4,672
  • Feb 27, 2008 6:10am Feb 27, 2008 6:10am
takes 8-9 months for market to adjust to fed rate cuts..
  • #4,673
  • Feb 27, 2008 6:14am Feb 27, 2008 6:14am
semi-postive news today from usd should turn the Euro back under 1.50 now sure for how long.... no postition yet waiting for some price action...
  • #4,674
  • Feb 27, 2008 6:18am Feb 27, 2008 6:18am
All these shorts in the middle of what is obviously a very strong up trend move?
There are starving kids that need donations if you just like tossing money out the window.


Instead of trying to predict what its going to do, just follow what its doing. If you want to short, then wait for it to reverse. And I don't mean draw back or retrace, I mean reverse, with daily confirmation.

As for me, my month is 250 pips more than monthly goal of 500. I am done. I want a few days of waves to form so I can see the markets intentions.


Those who think the USA is going into disaster, dream on. Thats what they said after 911 and we bounced right back even stronger. The housing sector is in a slump, when housing starts and new home sales show improvement the USD will take a turn. Until then its dollar bear. And seeing how its Feb., and Feb. is the slowest month in new home construction I don't see new home sales taking a jump today. Maybe next month.

And if you think you have to get in a move 20-30 pips from its turn point you don't "need" to. Let it take its turn, retest, and confirm, then take a trade. And moves like this come from high time frame charts so the low time charts are not going to be accurate.
This wild guessing and making random trades on a whim is a fatal flaw. Do what you know you see, not what you think your gonna see.

If these words make you angry sorry, but some one needs to say it.

Who buys here at 1.5? Big banks and major market players. A mile stone has been crossed.
  • #4,675
  • Feb 27, 2008 6:50am Feb 27, 2008 6:50am
Quoting xxDavidxSxx
All these shorts in the middle of what is obviously a very strong up trend move?
There are starving kids that need donations if you just like tossing money out the window.


Instead of trying to predict what its going to do, just follow what its doing. If you want to short, then wait for it to reverse. And I don't mean draw back or retrace, I mean reverse, with daily confirmation.

As for me, my month is 250 pips more than monthly goal of 500. I am done. I want a few days of waves to form so I can see the markets intentions.


Those who think the USA is going into disaster, dream on. Thats what they said after 911 and we bounced right back even stronger. The housing sector is in a slump, when housing starts and new home sales show improvement the USD will take a turn. Until then its dollar bear. And seeing how its Feb., and Feb. is the slowest month in new home construction I don't see new home sales taking a jump today. Maybe next month.

And if you think you have to get in a move 20-30 pips from its turn point you don't "need" to. Let it take its turn, retest, and confirm, then take a trade. And moves like this come from high time frame charts so the low time charts are not going to be accurate.
This wild guessing and making random trades on a whim is a fatal flaw. Do what you know you see, not what you think your gonna see.

If these words make you angry sorry, but some one needs to say it.

Who buys here at 1.5? Big banks and major market players. A mile stone has been crossed.
- this is good stuff. Even if you dont agree with everything its still worth considering his comments
  • #4,676
  • Feb 27, 2008 7:05am Feb 27, 2008 7:05am
thats me, Im just a trend follower, I never enter the market during announcements ^^
Money often costs too much...
  • #4,677
  • Feb 27, 2008 7:20am Feb 27, 2008 7:20am
Any news about the direction???

I'm with a (pointles, useless,...) 1,4880 short and i'm very confused about what i should do.What would you guys do?I'm thinking 'bout hedging and waiting for some retraction to make things "less worse"
  • #4,678
  • Feb 27, 2008 7:30am Feb 27, 2008 7:30am
today eur/usd was reach 1.5++....i think it will bearish back to 1.49++....al the guys here....what do you think?
  • #4,679
  • Feb 27, 2008 7:49am Feb 27, 2008 7:49am
Quoting Küster
Any news about the direction???

I'm with a (pointles, useless,...) 1,4880 short and i'm very confused about what i should do.What would you guys do?I'm thinking 'bout hedging and waiting for some retraction to make things "less worse"
As a person with no emotion towards your position, I recommend you close it. I don't know what your original stop was, but I assume it has gone past it. Always remember this... hope is for losers, because it can get worse. Good luck.
  • #4,680
  • Feb 27, 2008 7:58am Feb 27, 2008 7:58am
Quoting xxDavidxSxx
All these shorts in the middle of what is obviously a very strong up trend move?
There are starving kids that need donations if you just like tossing money out the window.


Instead of trying to predict what its going to do, just follow what its doing. If you want to short, then wait for it to reverse. And I don't mean draw back or retrace, I mean reverse, with daily confirmation.

As for me, my month is 250 pips more than monthly goal of 500. I am done. I want a few days of waves to form so I can see the markets intentions.


Those who think the USA is going into disaster, dream on. Thats what they said after 911 and we bounced right back even stronger. The housing sector is in a slump, when housing starts and new home sales show improvement the USD will take a turn. Until then its dollar bear. And seeing how its Feb., and Feb. is the slowest month in new home construction I don't see new home sales taking a jump today. Maybe next month.

And if you think you have to get in a move 20-30 pips from its turn point you don't "need" to. Let it take its turn, retest, and confirm, then take a trade. And moves like this come from high time frame charts so the low time charts are not going to be accurate.
This wild guessing and making random trades on a whim is a fatal flaw. Do what you know you see, not what you think your gonna see.

If these words make you angry sorry, but some one needs to say it.

Who buys here at 1.5? Big banks and major market players. A mile stone has been crossed.

Wow , monthly goal of 500 pips. Leverage ratio?
There are no certainties only oppurtunities.
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