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  • #37,561
  • Oct 7, 2008 12:02pm Oct 7, 2008 12:02pm
Quoting ak4x
I'll respond to this with great care and reservation...

Actually, I've been trading EJ and GY more as the correlation seems to be clearer to me right now on those pairs. The UJ thing may well be a referred action from the demand for yen in the UK and Eurozone, with the current gloomy outlook.

In other words, altho the USD is strengthening at present, demand for yen worldwide is simply pulling it down as well. This kind of thing seems to happen a lot with yen crosses imo, they get intertwined and it can get confusing. I try to look for the driving force that's moving the yen, and then work outwards from there. It's a work in progress...

I'm not trading UJ currently for that reason, it's murky to me right now and all screwed up with conflicting forces at work. EJ and GY are however cyrstal.... and can yield obscene pips. To you newbie traders, please forget you just read that. Remember it at your own risk...

I posted some of this as a tentative reply to tdion last Sunday night here I think.

I'm guessing you have a much clearer picture than I do tho, and I also bet I'd be way more interested in your views that you are in mine...
I would never ask if i wass not genuinely interested in other opinions I just jumped back onto the UY trade to see where it was... too volitile for my vanilla blood.
T.S.
  • #37,562
  • Oct 7, 2008 12:03pm Oct 7, 2008 12:03pm
anyone still trading? bernake scheduled to talk in 15 min.
  • #37,563
  • Oct 7, 2008 12:06pm Oct 7, 2008 12:06pm
Quoting ak4x
I try to keep an eye on Jaywalker and Acumen tho. They get cranky when they don't get their 's.
lol
  • #37,564
  • Oct 7, 2008 12:12pm Oct 7, 2008 12:12pm
Quoting T.s.
I would never ask if i wass not genuinely interested in other opinions I just jumped back onto the UY trade to see where it was... too volitile for my vanilla blood.
Please don't misunderstand me, I appreciate that you asked, but I also think you already have some very good insights on the topic, and almost certainly better than mine.

The fact that you just started posting here doesn't say anything to me other than you just started posting here... Some of the most unappreciated wisdom on these threads at FF is from newer voices. I read your 20 posts and you've already said more than some with 200 or 2000... Acumen knows what I'm talking about as well.
FUBAR...
  • #37,565
  • Oct 7, 2008 12:13pm Oct 7, 2008 12:13pm
Quoting Driver55
<i read and understand the rules that everyone of you trying to achieve.
I do trading for 20 years .. and I've never been able to steer my character .. This means that it is (for me) impossible ... however i'm going long at 1.3585
Hi Driver, welcome on board, you made some good calls today.

Yea, you should always trade what you see on your chart and not look for others calls.
The pattern also fail like this one we where talking about (was not confirmed). All what we are doing is based on repetitions with a percentage that might fail. That is for all pattern and reversal candles.
Nice trading
  • #37,566
  • Oct 7, 2008 12:16pm Oct 7, 2008 12:16pm
anyone streaming bernake's speech?
  • #37,567
  • Oct 7, 2008 12:19pm Oct 7, 2008 12:19pm
I´m still trading should I close my profitable positions , my loss positions or both? or no one? before the public Speeech of Bernake?
  • #37,568
  • Oct 7, 2008 12:19pm Oct 7, 2008 12:19pm
Quoting kasper
anyone streaming bernake's speech?
http://www.bloomberg.com/avp/avp.htm?clipSRC=LiveBTV
  • #37,569
  • Oct 7, 2008 12:20pm Oct 7, 2008 12:20pm
Quoting kentashiburo
http://www.bloomberg.com/avp/avp.htm?clipSRC=LiveBTV
thanks.
  • #37,570
  • Oct 7, 2008 12:32pm Oct 7, 2008 12:32pm
  •  CWH
  • | Joined Feb 2007 | Status: United We Buy, Divided We Sell | 249 Posts
Looks like it is starting to fall now...
"If, at first, you don't succeed, try, try, try again" - Winston Churchill
  • #37,571
  • Edited 12:37pm Oct 7, 2008 12:32pm | Edited 12:37pm
Quoting kasper
anyone still trading? bernake scheduled to talk in 15 min.
Ben always makes trading fun...just made a lil on his lil talk...3632 short gonna get out because it is against support line. Should it break i just cut my profits early should it retrace i preserved my profit.
T.S.
  • #37,572
  • Oct 7, 2008 12:33pm Oct 7, 2008 12:33pm
Quoting CWH
Looks like it is starting to fall now...
looks can be deceiving. dont forget that. if it stays below 1.36, i'm holding my shorts. target 1.354
  • #37,573
  • Oct 7, 2008 12:39pm Oct 7, 2008 12:39pm
Quoting cobraforex
Hi Driver, welcome on board, you made some good calls today.

Yea, you should always trade what you see on your chart and not look for others calls.
The pattern also fail like this one we where talking about (was not confirmed). All what we are doing is based on repetitions with a percentage that might fail. That is for all pattern and reversal candles.
Nice trading

Thanks Cobra for the welcome
The best thing that can happen to you is to find out where you're wrong.
  • #37,574
  • Oct 7, 2008 12:40pm Oct 7, 2008 12:40pm
Bernanke suggested that they may cut rates?? Did I get him right??
Why then $ is UP??
  • #37,575
  • Oct 7, 2008 12:41pm Oct 7, 2008 12:41pm
Quoting T.s.
Ben always makes trading fun...just made a lil on his lil talk...3632 short gonna get out because it is against support line. Should it break i just cut my profits early should it retrace i preserved my profit.

Great Ben said " we are going to experiment with this" that is phenomenal news.
T.S.
  • #37,576
  • Oct 7, 2008 12:43pm Oct 7, 2008 12:43pm
Quoting Polonaise
Bernanke suggested that they may cut rates?? Did I get him right??
Why then $ is UP??
Just because market is totally weird... remember the last NFP... Shocking numbers for US... and Eur/Usd lost 240 pips in one hour...
This thing make me crazy....

take care
  • #37,577
  • Oct 7, 2008 12:45pm Oct 7, 2008 12:45pm
Ok guys, i'm long at 1,3585..... i hope for the next 2 hour
The best thing that can happen to you is to find out where you're wrong.
  • #37,578
  • Oct 7, 2008 12:45pm Oct 7, 2008 12:45pm
Quoting dswk
Just because market is totally weird... remember the last NFP... Shocking numbers for US... and Eur/Usd lost 240 pips in one hour...
This thing make me crazy....

take care

Don't blame the market for you being crazy...


J/K .... Stick with it that 240 could have been profit
T.S.
  • #37,579
  • Oct 7, 2008 12:45pm Oct 7, 2008 12:45pm
an update of my chart. all i stated in the previous one is still valid. my take profit is at 61.8% as it is the last line of support before a greater downmove. stop loss now is where 2 important fib lines overlap...the 38.2% line for the move from this weeks low to high and 23.6% for the last move down

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Different opinions highly valued, ignorant to slander.
  • #37,580
  • Oct 7, 2008 12:46pm Oct 7, 2008 12:46pm
Quoting Polonaise
Bernanke suggested that they may cut rates?? Did I get him right??
Why then $ is UP??

Bernanke Signals Fed Is Prepared to Cut Rates as Crisis Deepens

http://www.bloomberg.com/apps/news?p...pZk&refer=home
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