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  • #116,941
  • Jul 1, 2009 11:01am Jul 1, 2009 11:01am
what's with the spike ? thank god i wasn't shorting
  • #116,942
  • Jul 1, 2009 11:02am Jul 1, 2009 11:02am
Quoting F.x.
Way I see it lots of people have been shorting for a long time now and are just about to go bankrupt or just give up on shorting this pair. So to me that means we should see one more spike up (limit 1.44) which will dessimate everyone and then have a nice quick drop of 1000 pips or so just to pour salt on the wounds, which as we all know the market loves to do.
Oh, too true ....
Nothing worth having is easy.
  • #116,943
  • Jul 1, 2009 11:03am Jul 1, 2009 11:03am
what happend with Euro....!!!
shitttttttt...
I'm with short Position at 1.4120
  • #116,944
  • Jul 1, 2009 11:04am Jul 1, 2009 11:04am
anyone expect that spike.. geezz.. don't know if it's a good entry point to short.. lol
  • #116,945
  • Jul 1, 2009 11:04am Jul 1, 2009 11:04am
Quoting F.x.
Way I see it lots of people have been shorting for a long time now and are just about to go bankrupt or just give up on shorting this pair. So to me that means we should see one more spike up (limit 1.44) which will dessimate everyone and then have a nice quick drop of 1000 pips or so just to pour salt on the wounds, which as we all know the market loves to do.

wish granted......

not funny though, love to see this explained.
  • #116,946
  • Jul 1, 2009 11:04am Jul 1, 2009 11:04am
Quoting f.x.
way i see it lots of people have been shorting for a long time now and are just about to go bankrupt or just give up on shorting this pair. So to me that means we should see one more spike up (limit 1.44) which will dessimate everyone and then have a nice quick drop of 1000 pips or so just to pour salt on the wounds, which as we all know the market loves to do.

who called that shit!!!
  • #116,947
  • Jul 1, 2009 11:04am Jul 1, 2009 11:04am
Reuters reported that China has asked for G8 Italy summit to discuss new global reserve currency.

Source: MNI

Don't you guys have a news facility with your trading platform?
Nothing worth having is easy.
  • #116,948
  • Jul 1, 2009 11:05am Jul 1, 2009 11:05am
SHORT AT 4190
  • #116,949
  • Jul 1, 2009 11:07am Jul 1, 2009 11:07am
Quoting Patience
Reuters reported that China has asked for G8 Italy summit to discuss new global reserve currency.

Source: MNI

Don't you guys have a news facility with your trading platform?
China has a sh*tload of dollars, yet they seem to do everything do talk it down. Strange.
  • #116,950
  • Jul 1, 2009 11:08am Jul 1, 2009 11:08am
Quoting Hell7
China has a sh*t load of dollars, yet they seem to do everything do talk it down. Strange.
Tell me about it. I just don't get it either. You would think they would do it quietly.
Nothing worth having is easy.
  • #116,951
  • Edited 7:14pm Jul 1, 2009 11:08am | Edited 7:14pm
take profit time .. x3

>

edit: delete chart
chart was opened for public view >6hours
thank you for your interest

for the record take profit was 14197 base on harmonic parameter. the high was 14200*. this run from 14000<>14200 is worth 200 pips length. i hope you have benefitted from my signal.

have a great day

F O R E X 3 E
  • #116,952
  • Jul 1, 2009 11:08am Jul 1, 2009 11:08am
I guess todays movement proved that picking tops is the biggest sin in technical trading.
I SEE YOU !!
  • #116,953
  • Jul 1, 2009 11:14am Jul 1, 2009 11:14am
Quoting Patience
Tell me about it. I just don't get it either. You would think they would do it quietly.
China has ambition to become the next dominant world power. The more US dollars they hold, the more control they have of diminishing it and finding a replacement (their currency). Either that or they're really pissed off at how the US is handling the situation .
  • #116,954
  • Jul 1, 2009 11:15am Jul 1, 2009 11:15am
Quoting 2+2=4ex
China has ambition to become the next dominant world power. The more US dollars they hold, the more control they have of diminishing it and finding a replacement (their currency). Either that or they're really pissed off at how the US is handling the situation.

Good point.
  • #116,955
  • Jul 1, 2009 11:15am Jul 1, 2009 11:15am
tired of shorting this pair, gonna take the rest of the week off to let the big guys choke on everyone's SL
"Do or do not... there is no try" Master Yoda
  • #116,956
  • Jul 1, 2009 11:15am Jul 1, 2009 11:15am
Reuters sometimes like to retract their statements though. Haven't seen anything yet.
Nothing worth having is easy.
  • #116,957
  • Jul 1, 2009 11:17am Jul 1, 2009 11:17am
Closed my last short at 1.4194. Mmmmmh... 4.5% with that whole ralleye since 1.40.
  • #116,958
  • Jul 1, 2009 11:18am Jul 1, 2009 11:18am
Quoting F.x.
SHORT AT 4190
We are surely in a shorting area but....the way I trade I need more confirmation before jumping in the market. I have a very low tolerance for drawdowns.
  • #116,959
  • Jul 1, 2009 11:19am Jul 1, 2009 11:19am
Quoting Platypus
We are surely in a shorting area but....the way I trade I need more confirmation before jumping in the market. I have a very low tolerance for drawdowns.
okay
  • #116,960
  • Jul 1, 2009 11:19am Jul 1, 2009 11:19am
Quoting 2+2=4ex
China has ambition to become the next dominant world power. The more US dollars they hold, the more control they have of diminishing it and finding a replacement (their currency). Either that or they're really pissed off at how the US is handling the situation .
I hear ya but it wouldn't be in my interests to hold trillions of dollars worth of useless paper. Why don't they just unpeg their currency to make the playing field more fair.

As they are not a member of the G8, they apparently have no say in the agenda anyway.
Nothing worth having is easy.
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