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  • #83,601
  • Apr 6, 2009 10:38am Apr 6, 2009 10:38am
"Morgan Stanley says sell European equities as rally may be ending"
also
some Mayo guy from Germany says "losses may exceed those of the great depression"
all this from bloombergtv

then if you go their website...many stories as to why the US equities rally should be ending like
"S&P 500 Can’t See Enough Money to Feed Stocks’ Rally"

Then there is the English prime minister with his speech on Sunday about the English recession being far worse then expected and lasting well into next year.

Conclusion...this dead cat bounce equities rally over the last month has reached the end of the line. The demand for the dollar is returning I would say as its the "Safe haven" along with the Yen. Trichet's rate decision last week left room for more cuts as well so yeah...I'm still sticking to my guns that we will see 1.2000 and lower.

It's just a game of picking the right entry points now.
Different opinions highly valued, ignorant to slander.
  • #83,602
  • Apr 6, 2009 10:39am Apr 6, 2009 10:39am
Quoting Agaba130
Thanks, as you may know it was a good day to go short on EUR/USD so I did and managed myself a modest 578 pips. Till tomorrow then
578 is not modest. gd job!
  • #83,603
  • Apr 6, 2009 10:40am Apr 6, 2009 10:40am
Quoting Phonetic
My main problem is low capital and poor money management, been going at trading currecny for a little over 3 years, i tend to make a lot of pips when i open up small positions, and lose a lot of pips when i open larger positions..cant get passed it yet, but i hope i will soon. good luck to you!
gradually increase your position size to no more than 1.75-2% for trades that are very high probability van tharp is good i hear
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #83,604
  • Apr 6, 2009 10:41am Apr 6, 2009 10:41am
Quoting Phonetic
My main problem is low capital and poor money management, been going at trading currecny for a little over 3 years, i tend to make a lot of pips when i open up small positions, and lose a lot of pips when i open larger positions..cant get passed it yet, but i hope i will soon. good luck to you!
do you measure your success in pips or points, i thought the success is measured in real money.
you are blessed if you know what your problem is. GL anyway.
  • #83,605
  • Apr 6, 2009 10:41am Apr 6, 2009 10:41am
bye all !
  • #83,606
  • Apr 6, 2009 10:42am Apr 6, 2009 10:42am
did the train stop?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd040509-14.gif Size: 36 KB
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #83,607
  • Apr 6, 2009 10:43am Apr 6, 2009 10:43am
Quoting Agaba130
Thanks, as you may know it was a good day to go short on EUR/USD so I did and managed myself a modest 578 pips. Till tomorrow then
i don't think i am alone here, care to share your charts with entries/exits please? thanks!
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #83,608
  • Apr 6, 2009 10:48am Apr 6, 2009 10:48am
Quoting psiholog
"Morgan Stanley says sell European equities as rally may be ending"
also
some Mayo guy from Germany says "losses may exceed those of the great depression"
all this from bloombergtv

then if you go their website...many stories as to why the US equities rally should be ending like
"S&P 500 Can’t See Enough Money to Feed Stocks’ Rally"

Then there is the English prime minister with his speech on Sunday about the English recession being far worse then expected and lasting well into next year.

Conclusion...this dead cat bounce equities rally...
agree 100%
  • #83,609
  • Apr 6, 2009 10:49am Apr 6, 2009 10:49am
There are two support lines + im not very good at elliots but looks like "A" is coming to an end so waiting for rev I guess. And news in few minutes
Attached Image (click to enlarge)
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  • #83,610
  • Apr 6, 2009 10:51am Apr 6, 2009 10:51am
Quoting eaglestar
i don't think i am alone here, care to share your charts with entries/exits please? thanks!
I'm try to buy at 1.3384, hopefully the final stage to 1.36. Base on tf1 the the price have touch to 50.0%fibo. What the traders expected.

Please advise..
  • #83,611
  • Apr 6, 2009 10:59am Apr 6, 2009 10:59am
Quoting sholmes9000
578 is not modest. gd job!
You did notice it was their 2nd post. 578 pips

I don't know maybe I am just getting too cynical these days.
  • #83,612
  • Apr 6, 2009 11:01am Apr 6, 2009 11:01am
Quoting SunTrader
You did notice it was their 2nd post. 578 pips

I don't know maybe I am just getting too cynical these days.
some great traders don't hang out in forums
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #83,613
  • Apr 6, 2009 11:02am Apr 6, 2009 11:02am
Quoting tarasbaida
There are two support lines + im not very good at elliots but looks like "A" is coming to an end so waiting for rev I guess. And news in few minutes
nice work i knew i was missing something
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #83,614
  • Apr 6, 2009 11:07am Apr 6, 2009 11:07am
Quoting Agaba130
Thanks, as you may know it was a good day to go short on EUR/USD so I did and managed myself a modest 578 pips. Till tomorrow then
how did you get 578? you must of picked close to the exact top from 2 weeks ago and then sold the exact bottom last week...why post today your success from 6 or 7 days ago?
  • #83,615
  • Apr 6, 2009 11:09am Apr 6, 2009 11:09am
in about 30minutes robert gates is going to talk about
"Defense Spending Cuts May Pose Risk to Boeing, Lockheed Weapons"
pre announcement details can be seen here
http://www.bloomberg.com/apps/news?p...d=aVvHsMfAVWr4

why is this important?

"Curtailing F-22 production beyond the 183 on order would jeopardize 95,000 workers in 1,000 companies across 44 states, Lockheed says"

this only further fuels the recession and the depreciation of stocks and making the dollar stronger in the process.
Different opinions highly valued, ignorant to slander.
  • #83,616
  • Apr 6, 2009 11:11am Apr 6, 2009 11:11am
Quoting free4440273
Buddy, it happens to all, especially after just one/two posts. You will be back: forex trading is like a drug
and we should get rid of such drugs, like I did
ROBOT FOREX
  • #83,617
  • Apr 6, 2009 11:22am Apr 6, 2009 11:22am

well guys,
I hope you had a profitable day...

The best thing that can happen to you is to find out where you're wrong.
  • #83,618
  • Apr 6, 2009 11:22am Apr 6, 2009 11:22am
cleaning up my lines
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eurusd040509-17.gif Size: 21 KB
Click to Enlarge Name: eurusd040509-18.gif Size: 21 KB
Click to Enlarge Name: eurusd040509-19.gif Size: 18 KB
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #83,619
  • Apr 6, 2009 11:24am Apr 6, 2009 11:24am
Quoting eaglestar
some great traders don't hang out in forums
Do they hang out in Uganda? Take a look at their info.
  • #83,620
  • Apr 6, 2009 11:30am Apr 6, 2009 11:30am
anyone think E/U drops too much today? why $ has to be up anyway...

Quoting Driver55

well guys,


I hope you had a profitable day...

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