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  • #126,041
  • Jul 28, 2009 12:44pm Jul 28, 2009 12:44pm
Quoting Domas4
Where will this lead us?
well your analysis shows us to take a long
  • #126,042
  • Jul 28, 2009 12:45pm Jul 28, 2009 12:45pm
Quoting stevefx
Yes I got in at 64, going long. Tighten up sl to 4142. If we stay above that til the asian session those boys are going to run long with this, as I see it. 22 points down, many more up, good R/R.
Took long @ 1.4161. TP @ 1.4182, SL @ 1.4153.
Today I'm scalping the shit out of this pair!
cut losses short, let profits run.
  • #126,043
  • Jul 28, 2009 12:49pm Jul 28, 2009 12:49pm
Quoting Domas4
Took long @ 1.4161. TP @ 1.4182, SL @ 1.4153.
Today I'm scalping the shit out of this pair!

Ye thats the way to do it
  • #126,044
  • Jul 28, 2009 12:50pm Jul 28, 2009 12:50pm
Quoting Domas4
Took long @ 1.4161. TP @ 1.4182, SL @ 1.4153.
Today I'm scalping the shit out of this pair!
Good idea, scalp away!
  • #126,045
  • Jul 28, 2009 12:54pm Jul 28, 2009 12:54pm
i just scalped from 1,4163 to 1,4170 it just cannot grow normally, market is on f***kin sleep.
  • #126,046
  • Jul 28, 2009 12:59pm Jul 28, 2009 12:59pm
OMG OMG OMG OMG OMG OMG OMG OMG OMG OMG and OMG .... and OYG OYG OYG .... and OOG OOG OOG OOG.

Why?

Look at Daily!
The Thief of Wall Street
  • #126,047
  • Jul 28, 2009 1:01pm Jul 28, 2009 1:01pm
Quoting Chicky
OMG OMG OMG OMG OMG OMG OMG OMG OMG OMG and OMG .... and OYG OYG OYG .... and OOG OOG OOG OOG.

Why?

Look at Daily!
Daily says sell
cut losses short, let profits run.
  • #126,048
  • Jul 28, 2009 1:05pm Jul 28, 2009 1:05pm
Quoting Domas4
Daily says sell
The only issue is, it is shouting in a voice louder than I expect. Is it going to be World War IV soon?
The Thief of Wall Street
  • #126,049
  • Jul 28, 2009 1:05pm Jul 28, 2009 1:05pm
I closed my longs too for a little profit. The way this support has formed kind of irks me, a high arching parabolic. I feel like it might sell off to 4144 and find support again. Maybe it won't but thats a typical course for downmoves of this type.
  • #126,050
  • Jul 28, 2009 1:09pm Jul 28, 2009 1:09pm
Quoting stevefx
I closed my longs too for a little profit. The way this support has formed kind of irks me, a high arching parabolic. I feel like it might sell off to 4144 and find support again. Maybe it won't but thats a typical course for downmoves of this type.
Steve, these are closing hours. I normally stay away from low volume sessions.
The Thief of Wall Street
  • #126,051
  • Jul 28, 2009 1:10pm Jul 28, 2009 1:10pm
Quoting Chicky
The only issue is, it is shouting in a voice louder than I expect. Is it going to be World War IV soon?
what do you mean ?
  • #126,052
  • Jul 28, 2009 1:11pm Jul 28, 2009 1:11pm
Quoting Chicky
Steve, these are closing hours. I normally stay away from low volume sessions.
Thats true, I'm usually sleeping now.
  • #126,053
  • Jul 28, 2009 1:13pm Jul 28, 2009 1:13pm
Ok, no movements in the market, closing longs and going to sleep.
Bye
cut losses short, let profits run.
  • #126,054
  • Jul 28, 2009 1:16pm Jul 28, 2009 1:16pm
Quoting Edgaras
what do you mean ?
The daily shows that if it convincingly breaks 1.4100, the next stop is hundreds of pips down. Only a major event can support this kind of drop.

Now the question is what is that event? and where are those Chinese who allegedly want to buy this thing at 1.4150/30? and what they are going to do with (or have already done with) the quantities they bought at 1.3900?

Again

OMG OMG .........................
The Thief of Wall Street
  • #126,055
  • Jul 28, 2009 1:17pm Jul 28, 2009 1:17pm
Quoting stevefx
Thats true, I'm usually sleeping now.
Some important speeches ar coming, maybe it would help. After 9.45 speech im going to bed.

By the way, thx for Domas, now i'm going try import a technical advices and lessons in my trading more than ever, and help to analyse for all of us.
  • #126,056
  • Jul 28, 2009 1:18pm Jul 28, 2009 1:18pm
Yep time to call it quits. I've been trading for 15 hours. Best single session I've had in 7 weeks. Made a weeks worth of pips.
  • #126,057
  • Jul 28, 2009 1:21pm Jul 28, 2009 1:21pm
Quoting Chicky
The daily shows that if it convincingly breaks 1.4100, the next stop is hundreds of pips down. Only a major event can support this kind of drop.

Now the question is what is that event? and where are those Chinese who allegedly want to buy this thing at 1.4150/30? and what they are going to do with (or have already done with) the quantities they bought at 1.3900?

Again

OMG OMG .........................
you speak really interesting, thats why I say the most important thing should be rumors and news, than the TA.
  • #126,058
  • Jul 28, 2009 1:27pm Jul 28, 2009 1:27pm
Just to add to what Pollux said, countries move their currency in a direct way by intervening or changing their reserve portfolio, however, most of the time they move their currency in an indirect way by adjusting (or talking about adjusting) interest rates. The yield differential attracts currency investments when the market is not focused on risk. Otherwise, money flows back to "safety" in the lower yielding currencies. In addition to inflation and debt, governments of some countries (particularly exporting countries) monitor the exchange rate to make sure their economic health isn't getting hurt too much by an extreme exchange rate. In 2008 the extreme strength of the Yen was hurting Japanese exports. The market finally caught on with Japanese intervention threats and sold Yen (went long USDJPY).

Hope this helps,

Kris Matthews
Quoting Pollux
Economic stability. A central bank rarely speculate on currency (especially on nation's one). They trade mostly to accumulate reserves so they can protect for a limited period their currency when dealing with inflation/deflation. Also, forex may be used by some commercial banks to get the best possible price for their clients.
  • #126,059
  • Jul 28, 2009 1:28pm Jul 28, 2009 1:28pm
Could be quite an active Asian session coming up.
  • #126,060
  • Jul 28, 2009 1:31pm Jul 28, 2009 1:31pm
Quoting Edgaras
you speak really interesting, thats why I say the most important thing should be rumors and news, than the TA.
Edgaras, you are right. Economic factors take percedence over TA. I call it "EF over TA".

I will go with Chinese, wherever they go. They have more money to buy and sell than anyone else has.

Now the quesion is: Where to find these Chinese and know more about their intentions?

Is there any Chinese member onboard? Plz.................help!!
The Thief of Wall Street
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