The shape of UK economy is not much worst then the U.S. This move down will be corrected, but probably not tonight. Herd mentality has set in, so until this is broken we will not see a correction. FX markets tend to over react like this from time to time. Probably time to buy when PA runs out of steam ( which may happen very soon). I predicted last week that 129 will be broken, but I also said 125 will old. 125-127 Good long entry points. To those who caught the move down, lock the profit and enjoy the money.
- Post #154,102
- Quote
- Jan 20, 2009 4:42am Jan 20, 2009 4:42am
The shape of UK economy is not much worst then the U.S. This move down will be corrected, but probably not tonight. Herd mentality has set in, so until this is broken we will not see a correction. FX markets tend to over react like this from time to time. Probably time to buy when PA runs out of steam ( which may happen very soon). I predicted last week that 129 will be broken, but I also said 125 will old. 125-127 Good long entry points. To those who caught the move down, lock the profit and enjoy the money.
Just added another long buying g/j here with good money managment is the best trade this year i look forward to seeing daily pivot in next days and collecting another 2000 pips on open longs.
125 can be hit and i have pending set there also
Private Account Manager & Trader since 1999
- Post #154,103
- Quote
- Edited 5:18am Jan 20, 2009 5:01am | Edited 5:18am
- Joined Oct 2005 | Status: Member | 3,596 Posts
The last support hit 126.50..I think we are due for BIG retracement
[
- Post #154,105
- Quote
- Jan 20, 2009 5:09am Jan 20, 2009 5:09am
- | Commercial Member | Joined Oct 2008 | 5,712 Posts
Pray it going to break out 130 back....starting by tonight till tommorrow before 125 level...luck take 30 pips for another 2 lot.....
almost 25K float lol...aiyooo...
almost 25K float lol...aiyooo...
- Post #154,107
- Quote
- Jan 20, 2009 5:11am Jan 20, 2009 5:11am
hi all!
what you think about Obama event today? dow should be positive and that means gj positive. you think is a good time to buy now ?
make sure you use good MM but good buy right now and also you can scalp the downs as it peaks up with smaller lot than the buy
Private Account Manager & Trader since 1999
- Post #154,108
- Quote
- Jan 20, 2009 5:14am Jan 20, 2009 5:14am
- | Commercial Member | Joined Oct 2008 | 5,712 Posts
Pray it going to break out 130 back....starting by tonight till tommorrow before 125 level...luck take 30 pips for another 2 lot.....
- Post #154,109
- Quote
- Jan 20, 2009 5:20am Jan 20, 2009 5:20am
- Joined Jul 2007 | Status: Don't Loose Your Shirt | 1,146 Posts
I'm a buyer but 124.50 is still possible..baby
...i'm buying every 100 pips if it keeps dropping from my 126.50 level.
This is not a short term trade - just building my positions
...i'm buying every 100 pips if it keeps dropping from my 126.50 level.
This is not a short term trade - just building my positions
- Post #154,110
- Quote
- Jan 20, 2009 5:21am Jan 20, 2009 5:21am
- | Commercial Member | Joined Oct 2008 | 5,712 Posts
- Post #154,111
- Quote
- Jan 20, 2009 5:51am Jan 20, 2009 5:51am
- | Commercial Member | Joined Mar 2008 | 1,651 Posts
- Post #154,112
- Quote
- Jan 20, 2009 5:58am Jan 20, 2009 5:58am
- Joined May 2008 | Status: has long shorts | 2,584 Posts
I'm a buyer but 124.50 is still possible..baby
...i'm buying every 100 pips if it keeps dropping from my 126.50 level.
This is not a short term trade - just building my positions
you crazy little bruvver...u..
- Post #154,113
- Quote
- Jan 20, 2009 6:13am Jan 20, 2009 6:13am
- Joined Jul 2007 | Status: Don't Loose Your Shirt | 1,146 Posts
you crazy little bruvver...u..
.....Hmmm i know ther's a joke in there
- Post #154,114
- Quote
- Jan 20, 2009 6:17am Jan 20, 2009 6:17am
- Joined May 2008 | Status: has long shorts | 2,584 Posts
I'm pretty terrible at picking bottoms..so i just enter at levels i am comfortable..baby
- Post #154,115
- Quote
- Jan 20, 2009 6:25am Jan 20, 2009 6:25am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
my hands are full of scars from early trading days attempts to catch the falling knife
Very Bleeding days, back THEN ...
cheers bro !!!
- Post #154,116
- Quote
- Jan 20, 2009 6:29am Jan 20, 2009 6:29am
- Joined Jul 2007 | Status: Don't Loose Your Shirt | 1,146 Posts
my hands are full of scars from early trading days attempts to catch the falling knife
- Post #154,118
- Quote
- Jan 20, 2009 6:43am Jan 20, 2009 6:43am
- Joined Oct 2005 | Status: Member | 3,596 Posts
I am bleeding trying to catch this falling knife.
Here I go again
I am hedging now....This PA today is crazy.. I am wondering if GU will collapse today...
Here I go again
I am hedging now....This PA today is crazy.. I am wondering if GU will collapse today...
[
- Post #154,119
- Quote
- Jan 20, 2009 6:47am Jan 20, 2009 6:47am
- Joined Dec 2008 | Status: Member | 2,753 Posts
- Post #154,120
- Quote
- Jan 20, 2009 6:53am Jan 20, 2009 6:53am
- Joined Oct 2005 | Status: Member | 3,596 Posts
GU may test the low 1.3681 in 6/2001
GJ will follow GU for now until UJ wake up..
GJ will follow GU for now until UJ wake up..
[