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EURUSD

  • #21,321
  • Aug 19, 2008 12:23am Aug 19, 2008 12:23am
http://quotes.ino.com/chart/?s=NYBOT_DX&v=i
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  • #21,322
  • Aug 19, 2008 12:26am Aug 19, 2008 12:26am
Who's long or have long market orders?

Market order @ 4758

Call me crazy
Not all sins are created equal
  • #21,323
  • Aug 19, 2008 12:28am Aug 19, 2008 12:28am
Quoting Jay Walker
Who's long or have long market orders?

Market order @ 4758

Call me crazy
OK crazy. There.

But seriously, why are you long? There seems to be a bearish triangle. What's your reason if you care to share?
Expected the unexpected
  • #21,324
  • Aug 19, 2008 12:28am Aug 19, 2008 12:28am
Quoting scyang
Looks like the downward move has already started and it's not even close to London open yet. Wonder how low this thing will go today.
Big moves often start during the hour and a half to one hour before London open, they'll also reverse an hour later at times. However we have some news coming up so caution is advised..
Quoting Jay Walker
Who's long or have long market orders?

Market order @ 4758

Call me crazy
Crazy GL anyway
On the path to Enrichment.
  • #21,325
  • Aug 19, 2008 12:28am Aug 19, 2008 12:28am
I'm pulling a Warren

The Strong Dollar Illusion
Not all sins are created equal
  • #21,326
  • Aug 19, 2008 12:30am Aug 19, 2008 12:30am
Hi warren, how do you think the german PPI will impact on the EUR/USD pair? I also read that the figures they are expecting won't be great but won't be a big surprise.

We are currently in a downward channel. I'm inclined to go short.

Do you always wait for the news like the german PPI to come out first and then trade or right now, do you have a position open?

I'm starting to learn about fundementals as well as technicals. I'm liking the fundementals because it adds a story to the charts and IMO adds to the fun in trading.
  • #21,327
  • Aug 19, 2008 12:32am Aug 19, 2008 12:32am
Quoting scyang
why are you long?
Because the pair is seriously oversold on the daily timeframe. I know, it has been for some time but I didn't say I had the gospel, I'm saying that this is the reason to my madness.

Quoting scyang
There seems to be a bearish triangle.
And you may be right. If you are, I'll go to plan B
Not all sins are created equal
  • #21,328
  • Aug 19, 2008 12:33am Aug 19, 2008 12:33am
Quoting Jay Walker
Who's long or have long market orders?

Market order @ 4758

Call me crazy
CRAZY

I don't know man, I don't think the order will get filled. Take a look at the weekly chart, it looks like it is begging to go down.
  • #21,329
  • Aug 19, 2008 12:34am Aug 19, 2008 12:34am
Quoting Jay Walker
I'm pulling a Warren

The Strong Dollar Illusion
Peter Schiff is one of the few non-biased investment advisors (not committed solely to the short side of the market) to have correctly called the current bear market before it began and to have positioned his clients accordingly. As a result of his accurate forecasts on the U.S. stock market, commodities, gold and the dollar, he is becoming increasingly more renowned. He has been quoted in many of the nation's leading newspapers, including The Wall Street Journal, Barron's, Investor's Business Daily, The Financial Times, The New York Times, The Los Angeles Times, The Washington Post, The Chicago Tribune, The Dallas Morning News, The Miami Herald, The San Francisco Chronicle, The Atlanta Journal-Constitution, The Arizona Republic, The Philadelphia Inquirer,and the Christian Science Monitor, and has appeared on CNBC, CNNfn, Fox News and Bloomberg.
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  • #21,330
  • Aug 19, 2008 12:37am Aug 19, 2008 12:37am
Quoting daanman3
CRAZY
Maybe I should disclose plan B.

short order @ 4613

And it may well be hit first.
Not all sins are created equal
  • #21,331
  • Aug 19, 2008 12:39am Aug 19, 2008 12:39am
Quoting Warren Forex
Peter Schiff is one of the few non-biased investment advisors...
Warren, have you read his book?
Not all sins are created equal
  • #21,332
  • Aug 19, 2008 12:39am Aug 19, 2008 12:39am
JAY BRO U R BACK!
  • #21,333
  • Aug 19, 2008 12:41am Aug 19, 2008 12:41am
Quoting Jurrasic
Crazy GL anyway
Oh sorry, I thought you meant 658 and not 758.. As far as longs go I think that might be too low, above 48 would seem more of an indication for that, but then again it could turn shortly after, so I'll just avoid longs alltogether for now I think. Better to just short from highs for me.
On the path to Enrichment.
  • #21,334
  • Aug 19, 2008 12:41am Aug 19, 2008 12:41am
Quoting trading801
JAY BRO U R BACK!
I'm like a fart in the wind. You don't smell me but I never really leave
Not all sins are created equal
  • #21,335
  • Aug 19, 2008 12:44am Aug 19, 2008 12:44am
i am short now from 1.4677 SL at 1.4705 GL to me.. if this doesnt work.. i am dead meat
  • #21,336
  • Edited 12:47am Aug 19, 2008 12:45am | Edited 12:47am
Quoting altrader
Hi warren, how do you think the german PPI will impact on the EUR/USD pair? I also read that the figures they are expecting won't be great but won't be a big surprise.

We are currently in a downward channel. I'm inclined to go short.

Do you always wait for the news like the german PPI to come out first and then trade or right now, do you have a position open?

I'm starting to learn about fundementals as well as technicals. I'm liking the fundementals because it adds a story to the charts and IMO adds to the fun in trading.
I have no idea but it is always important to watch how new news affects the currency. Sometimes BUY THE RUMOR - SELL THE NEWS will work.

If I have a strong sense of what a News Release might be I will be in before the News ! Use FTP as it relates to Fundamentals + Technicals + Perception

You can get an EDGE in trading FX if you can be aware of when the CURRENT Perception is wrong and be ready for some New Data coming out that might change it. Say Fannie Mae being taken Over by the FED which will happen but when ?

They did Great Yesterday ... Just Look how much value their stock lost. The FED has to PRINT more money if they take them over. The shareholders will be the BIG Losers !

Some of the shareholders just happen to be from Asia as well holding OVER One Trillion Five Hundred Million in PAPER ...

They must be getting real confident in holding US Dollars ! I hold NO EUR/USD at the moment.

Have A Good Trading Day ...


Bruce
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  • #21,337
  • Aug 19, 2008 12:45am Aug 19, 2008 12:45am
EUR/USD


http://1.bp.blogspot.com/_nmIuQsC9b-...Server+111.png

Now Short, later we'll Buy. Key support is found at the 1.4645 a break below that level target 1.4610.
  • #21,338
  • Aug 19, 2008 12:46am Aug 19, 2008 12:46am
Quoting Jay Walker
I'm like a fart in the wind. You don't smell me but I never really leave
Jay do you seriously live in north korea?? (i don't think you do but you have all north korean things on you profile so I am asking)
  • #21,339
  • Aug 19, 2008 12:51am Aug 19, 2008 12:51am
Quoting Jay Walker
Warren, have you read his book?
You can never know too much. I like his work since he is a realist with no agenda.

That is how I see things as well. I find unbiased sources of information to balance all the mainstream BS out there. Jim Willie, Jim Sinclair, Adam Hamilton and others like Peter Schiff...

Good Morning To You ... Always nice to touch base with you.


Bruce
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  • #21,340
  • Aug 19, 2008 12:52am Aug 19, 2008 12:52am
Quoting cwave
Now Short, later we'll Buy. Key support is found at the 1.4645 a break below that level target 1.4610.
http://cdn-img1.imagechef.com/w/0808...be38859617.gif
Not all sins are created equal
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