I always watch out to do not get too involved in a single pair. As soon as I have more than 3 % of my account as margin in a single currency pair I start to chew my nails.
to...
- #302
- Sep 11, 2008 2:17pm Sep 11, 2008 2:17pm
- | Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts
Patience + Humility + Study = Success
- #303
- Sep 11, 2008 3:28pm Sep 11, 2008 3:28pm
- | Joined Mar 2008 | Status: Sniper | 1,001 Posts
Retail sales out at 6:45pm next leg down starts after that comes out imvho.
Money & Pain
Respect the market, protect your capital, be patient
- #304
- Sep 11, 2008 4:02pm Sep 11, 2008 4:02pm
- | Joined Mar 2008 | Status: Sniper | 1,001 Posts
Money & Pain
Respect the market, protect your capital, be patient
- #305
- Sep 11, 2008 4:05pm Sep 11, 2008 4:05pm
- | Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts
Patience + Humility + Study = Success
- #306
- Sep 11, 2008 4:07pm Sep 11, 2008 4:07pm
- | Joined Mar 2008 | Status: Sniper | 1,001 Posts
Money & Pain
Respect the market, protect your capital, be patient
- #307
- Sep 11, 2008 4:09pm Sep 11, 2008 4:09pm
- | Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts
It's a lot of movement, you mean bull trap? or do you think we're going north in a couple of hours?
and no I didn't mean bull trap. I meant a higher level for bears to sell from.
Patience + Humility + Study = Success
- #308
- Sep 11, 2008 4:13pm Sep 11, 2008 4:13pm
- | Joined Mar 2008 | Status: Sniper | 1,001 Posts
I believe we're going south, based on techs but what the hell do I know anymore in this crazy market
This bull run could finish at .658...
Money & Pain
Respect the market, protect your capital, be patient
- #309
- Sep 11, 2008 4:16pm Sep 11, 2008 4:16pm
- | Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts
It's been a crazy day, 25% account increase, hope the Kiwi Bonaparte will finish things off nicely. More pips to you DT
This bull run could finish at .658...
Patience + Humility + Study = Success
- #312
- Sep 11, 2008 4:25pm Sep 11, 2008 4:25pm
- | Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts
Patience + Humility + Study = Success
- #313
- Sep 11, 2008 4:26pm Sep 11, 2008 4:26pm
- | Joined Mar 2008 | Status: Sniper | 1,001 Posts
On the nail, let's hope it doesn't go for 61.8
Could be a data leak, let's hope not.
Could be unwinding oversold levels, let's hope so
This ride ain't over until .6, that I'm confident about.
Could be a data leak, let's hope not.
Could be unwinding oversold levels, let's hope so
This ride ain't over until .6, that I'm confident about.
Money & Pain
Respect the market, protect your capital, be patient
- #314
- Sep 11, 2008 4:30pm Sep 11, 2008 4:30pm
- Joined Apr 2007 | Status: Trader | 1,842 Posts
I believe we're going south, based on techs but what the hell do I know anymore in this crazy market
The market is likely already expecting a below number on the sales out of NZ, wouldn't be surprised to see only a quick spike down and then a reversal.
- #318
- Sep 11, 2008 4:51pm Sep 11, 2008 4:51pm
- | Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts
Patience + Humility + Study = Success
Oh the dollar is getting a beating as I see. Well it had to happen some day. The way I see it we are going for 6600. I closed all the shorts I had before going to work, because I thought there will be a retrace (the 2 green bars on the hourly chart) so I waited a few minutes and sold again at 6451 and 6466 (currently at -117 and -102 pips 
). Shit ... well we will have a drop to these levels sooner or later, but I am pretty pessimistic about the dollar and I could imagine that 6600 is not going to be the end of it ... anyway I'm putting a sell limit on 6600 for 50 pips, there should be enough resistance for 50 pips. I think we will be above 6600 over the next week
I see the retail sales are coming out in an hour, but I don't expect a negative number as FF forecasts... let's see what happens, I'm going to keep my shorts for now and wait for an opportunity to add more. It should be only a temporary up movement, 29th September - GDP is coming out, at least -1 % ... let's just hope the dollar doesn't lose too much ground
). Shit ... well we will have a drop to these levels sooner or later, but I am pretty pessimistic about the dollar and I could imagine that 6600 is not going to be the end of it ... anyway I'm putting a sell limit on 6600 for 50 pips, there should be enough resistance for 50 pips. I think we will be above 6600 over the next week I see the retail sales are coming out in an hour, but I don't expect a negative number as FF forecasts... let's see what happens, I'm going to keep my shorts for now and wait for an opportunity to add more. It should be only a temporary up movement, 29th September - GDP is coming out, at least -1 % ... let's just hope the dollar doesn't lose too much ground
- #320
- Sep 11, 2008 5:32pm Sep 11, 2008 5:32pm
- | Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts
Patience + Humility + Study = Success