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  • #10,141
  • May 28, 2008 3:08am May 28, 2008 3:08am
Quoting moneybookers
oil % gold start to slips in london session,NY session repeating?
repetition of yesterday
  • #10,142
  • May 28, 2008 3:13am May 28, 2008 3:13am
Here's to hoping for oil to dip under $125 before NY open; I've got some money riding on airline stocks! Regardless though, the descent in energy prices has started, so it's just a matter of time now before I say "Ka-ching!"

Sorry for off-topic post.
  • #10,143
  • May 28, 2008 3:15am May 28, 2008 3:15am
Quoting Subdude
Here's to hoping for oil to dip under $125 before NY open; I've got some money riding on airline stocks! Regardless though, the descent in energy prices has started, so it's just a matter of time now before I say "Ka-ching!"

Sorry for off-topic post.
I'm with you, based only on the fact I plan on buying a new Tahoe so hoping oil prices do go down AND SOON
Helping the philosophically challenged
  • #10,144
  • May 28, 2008 3:16am May 28, 2008 3:16am
Just don't take new positions until e/u test 1.55 area
  • #10,145
  • May 28, 2008 3:18am May 28, 2008 3:18am
Quoting triq03
I'm with you, based only on the fact I plan on buying a new Tahoe so hoping oil prices do go down AND SOON
gas guzzler I got a mini cooper for the summer months, S model most fun car I've ever driven.. puts that aston martin to shame
  • #10,146
  • May 28, 2008 3:19am May 28, 2008 3:19am
Quoting Srikanth
Just don't take new positions until e/u test 1.55 area

Just a thought, but what if they decide to test 59/60 area first?
Helping the philosophically challenged
  • #10,147
  • May 28, 2008 3:19am May 28, 2008 3:19am
wtf....checkout the usd/jpy
DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
  • #10,148
  • May 28, 2008 3:19am May 28, 2008 3:19am
Quoting adriaani
I shorted again @1.5756
I closed my short @1.5746 for 20 pips and I am leaving my 1.5756 open with a +1 SL. If anyone is interested in this free trading system send me a PM.
  • #10,149
  • May 28, 2008 3:21am May 28, 2008 3:21am
Quoting triq03
Just a thought, but what if they decide to test 59/60 area first?
might possible..better to stay away before important news...
  • #10,150
  • May 28, 2008 3:23am May 28, 2008 3:23am
Quoting Srikanth
might possible..better to stay away before important news...
You said it! Waiting for news and 750-760 area to make sure

Better safe then sorry
Helping the philosophically challenged
  • #10,151
  • May 28, 2008 3:23am May 28, 2008 3:23am
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Quoting got pips?
wtf....checkout the usd/jpy
Looks like USD strength. Gold down, oil down, e/u down, g/u down, u/j up, a/u down. Question is will this move be sustainable?
"Wishful thinking dies hard." Igor T.
  • #10,152
  • May 28, 2008 3:23am May 28, 2008 3:23am
Quoting Srikanth
might possible..better to stay away before important news...
Yeah, the slightest positive bit of news will send EUR plummeting.
  • #10,153
  • May 28, 2008 3:24am May 28, 2008 3:24am
I doubt it, but just wanted to hear your thoughts....
Helping the philosophically challenged
  • #10,154
  • May 28, 2008 3:28am May 28, 2008 3:28am
Quoting triq03
I doubt it, but just wanted to hear your thoughts....
Considering that the IMF still expects another 500 billion dollars in write downs from the mortgage slump, I think that the USD wont see the light of day for a while. Possibly ranging fluctuations but an inevitable downturn.


Hmm, nice drop... potential buy price?
  • #10,155
  • May 28, 2008 3:28am May 28, 2008 3:28am
Did I see this right? Gold just briefly touched $850!!!
  • #10,156
  • May 28, 2008 3:28am May 28, 2008 3:28am
Quoting triq03
I doubt it, but just wanted to hear your thoughts....

lol who said dollar has bottomed??

when it bottoms ( round 1 ), we'll see EU hitting 1.62 area

EDIT: we'll see yen strength soon, that'll bring all yen pairs down.. but can't expect eu to go peak levels...
  • #10,157
  • May 28, 2008 3:30am May 28, 2008 3:30am
a bit too late but here's my short time chart,, it was good for some quick pips,, a perfect 62% retracement,, I'm expecting more losses for this pair,, we'll see what happens,,

cheers...
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdmay28.GIF Size: 29 KB
  • #10,158
  • May 28, 2008 3:30am May 28, 2008 3:30am
Quoting adriaani
I shorted using a price action indicator.
I checked the url for the price action indicator. I did nt find any. Pls could you post in no the thread or pm me on [email protected].


Thank you.
  • #10,159
  • May 28, 2008 3:31am May 28, 2008 3:31am
Quoting Subdude
Did I see this right? Gold just briefly touched $850!!!
Hmmm, no it hit 891.5 ish on my chart... btw thank yoou FXchi for the info on that spot chart
  • #10,160
  • May 28, 2008 3:34am May 28, 2008 3:34am
Potential Long prices?

Im going to sit out of the market tonight, and just let it play itself out, dont want to get caught up in these commodity backed dips despite poor US data.
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