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  • #24,681
  • Aug 27, 2008 8:15pm Aug 27, 2008 8:15pm
bill clinton is talking at the democratic national convention, eur/usd standing still or possibly reversing, coincidence or correlation?
Different opinions highly valued, ignorant to slander.
  • #24,682
  • Aug 27, 2008 8:18pm Aug 27, 2008 8:18pm
Quoting piptechnician
I think you are right this is a good time to stay out.

I usually don't trade at this time. Just intrigued by last couple of days. The 11 pips was a bonus so I am only risking that on a short. I'm willing to go to bed break even. I could be good for 20, I will find out in the morning. Sounds like I'm gambling.
Did you notice that the price got frozen several times and picked fast up and down for a second?
Last time I saw that we had a 150 pips move.
Let's see what happens, take care.
  • #24,683
  • Aug 27, 2008 8:26pm Aug 27, 2008 8:26pm
Quoting cobraforex
Did you notice that the price got frozen several times and picked fast up and down for a second?
Last time I saw that we had a 150 pips move.
Let's see what happens, take care.

Bill just said "unity and hope". "hope". I guess he is not a trader or he would not use such phrases.
Redefining Reality
  • #24,684
  • Aug 27, 2008 8:27pm Aug 27, 2008 8:27pm
Quoting Subdude
Would you guys agree that August is perhaps the worst month to trade forex, due to low liquidity and sharp currency moves in the absence of market-moving news? For instance, I can understand why oil is pushing higher but why EU and GU would be going in the opposite directions is beyond me...
EU up become euro up (officer ECB told something yesterday + usd weakens)

GU down, gbp weakens bcoz priced in action for incoming rate cut. Although usd also weakens at the same time, but the rate of gbp faltering is faster than usd.
  • #24,685
  • Aug 27, 2008 8:31pm Aug 27, 2008 8:31pm
Quoting traderpinoy
it is still bullish, (if ever that neckline breaks....), the second bottom doesn't need to be higher, but the length of the neckline to the thorough should be the same
The 2nd bottom doesn't have to be everytime higher but it works better if it is.

Equal bottom is good but it definitely works poorly though if the 2nd bottom is lower.

And if you say differently then just consider it a difference of opinion and leave it at that.
  • #24,686
  • Aug 27, 2008 8:31pm Aug 27, 2008 8:31pm
Quoting cobraforex
GBP lost about 50 pips and EUR climbed the same amount at the same time, thats not usual, anybody has an idea what happened?

Traders say that an article in today"s UK Times saying that the UK may face a "full-year GDP fall" may have been the catalyst for the GBP selling against the USD and most notably the EUR.
  • #24,687
  • Aug 27, 2008 8:35pm Aug 27, 2008 8:35pm
excessive noobie poster reporting in..

greetings to my fave bros
  • #24,688
  • Edited 8:38pm Aug 27, 2008 8:35pm | Edited 8:38pm
Quoting acumen
Traders say that an article in today"s UK Times saying that the UK may face a "full-year GDP fall" may have been the catalyst for the GBP selling against the USD and most notably the EUR.
Thanks for the information, I'm just wondering why the reaction came in the asian session.

Edit I gues the times just went out for sale, I thing I need a coffe break, sorry
  • #24,689
  • Aug 27, 2008 8:36pm Aug 27, 2008 8:36pm
They believe a bailout is close at hand.

http://www.reuters.com/article/newsO...49323920080827
  • #24,690
  • Aug 27, 2008 8:39pm Aug 27, 2008 8:39pm
Quoting cobraforex
If you bought a human brain would be even more expensive.
No ofence, just a bad joke.

Good luck
Depends on who was the former owner of the brain as to what the cost should be.

Anyone remember Mel Brooks movie Young Frankenstein

Crazy-eyed assistance Igor was sent to retrieve brain to put in monster. Frankie came alive and started rampaging so the good Doctor asked Igor what brain did he bring him to put in monster.

He reply "Abbie Something".

Turns out it was nameless but labeled Abnormal.

You don't want one of those for $250,000 or even free.
  • #24,691
  • Aug 27, 2008 8:40pm Aug 27, 2008 8:40pm
Quoting Subdude
Would you guys agree that August is perhaps the worst month to trade forex........ but why EU and GU would be going in the opposite directions is beyond me...
right, that's beyong understanding!
Damn August is a stealing money month!!!
  • #24,692
  • Aug 27, 2008 8:40pm Aug 27, 2008 8:40pm
Anyone got pending short orders? I got a short at 1.4809 and plan to ride it back down to 1.46 area tonight.
  • #24,693
  • Aug 27, 2008 8:42pm Aug 27, 2008 8:42pm
Quoting Donyouth4eva
Anyone got pending short orders? I got a short at 1.4809 and plan to ride it back down to 1.46 area tonight.

I did but now I'm flat, lol.
Redefining Reality
  • #24,694
  • Aug 27, 2008 8:46pm Aug 27, 2008 8:46pm
Quoting cobraforex
Did you notice that the price got frozen several times and picked fast up and down for a second?
Last time I saw that we had a 150 pips move.
Let's see what happens, take care.

I quoted the wrong post before with my Bill comments.

You might be on to something. Seems Asian sessions are more interesting in August.
Redefining Reality
  • #24,695
  • Aug 27, 2008 8:50pm Aug 27, 2008 8:50pm
Quoting Donyouth4eva
Anyone got pending short orders? I got a short at 1.4809 and plan to ride it back down to 1.46 area tonight.
Short @ 1.4800 and riding it down to 1.46
  • #24,696
  • Aug 27, 2008 8:56pm Aug 27, 2008 8:56pm
am in a long intend to ride as high as possible no TP folks u think what is a good SL to catch any trend reversal...

20pips?
  • #24,697
  • Aug 27, 2008 8:57pm Aug 27, 2008 8:57pm
I must agree that this is quite baffling.

Sure... moves are exaggerated due to upcoming holiday and end of the summer book balancing.

However - I can find nothing substantial that would cause this kind of move.

The Asian traders often get it wrong - but this move is out of character for them.

I've attached a pivot chart and you can see we are already at R1 before either 'real' session begins.

Normally - this kind of move screams SELL, SELL...but this I don't get.

Either - the Asian names know something we don't (which is very rare) or they are on the wrong side of the trade. (Often the case)

I did see some hawkish comments by this moron (Axel Weber).

His comments, Oil worries, Fred and Fannie and a belief we are oversold could be leading to this move.

Strange days indeed... most peculiar momma.
Attached Image (click to enlarge)
Click to Enlarge Name: AsianSession.GIF Size: 9 KB
  • #24,698
  • Aug 27, 2008 9:03pm Aug 27, 2008 9:03pm
Y ask Y?

Y oh Y?
  • #24,699
  • Aug 27, 2008 9:04pm Aug 27, 2008 9:04pm
Quoting acumen
I must agree that this is quite baffling.

Sure... moves are exaggerated due to upcoming holiday and end of the summer book balancing.

However - I can find nothing substantial that would cause this kind of move.

The Asian traders often get it wrong - but this move is out of character for them.

I've attached a pivot chart and you can see we are already at R1 before either 'real' session begins.

Normally - this kind of move screams SELL, SELL...but this I don't get.

Either - the Asian names know something we don't (which is very rare) or they are on the wrong side of the trade. (Often the case)

I did see some hawkish comments by this moron (Axel Weber).

His comments, Oil worries, Fred and Fannie and a belief we are oversold could be leading to this move.

Strange days indeed... most peculiar momma.
Another thing that I'm wondering is the USD/JPY are climbing together with the EUR, what the h##l is going on?
  • #24,700
  • Aug 27, 2008 9:05pm Aug 27, 2008 9:05pm
PLEASE STOP THE EURO and silly japanese morons as well !!!
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