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  • #140,421
  • Sep 8, 2009 5:35pm Sep 8, 2009 5:35pm
Quoting Dr.alshiekh
i think we will return 1.4438
after today even 10 pips in bag wud make me feel better
  • #140,422
  • Sep 8, 2009 5:36pm Sep 8, 2009 5:36pm
Quoting ledobedo
position for 20% of my acc with 35 pip stoploss makes it bout 8% more less...very bad mm i know...but with my 100 usd super mini account i m here to learn
I don't get it. 35 pips SL for 8% of account is big. Where did you short? How much are you willing to lose. There's a decent chance PA will break the high of today tomorrow and then go for 1.44 and below. That puts your 35 pips SL in great danger. See Jun 23rd. Was about the same circumstances as today. Rally caused also by bond auction. Now understand that I'm talking about chances here. I'm no guru and I don't have crystal balls. That's why I am flat on EU atm.
  • #140,423
  • Sep 8, 2009 5:40pm Sep 8, 2009 5:40pm
Quoting Patience
How is your USDX index looking? I remember you used to like it as well many moons ago on this thread. Any insights/gems to pass on? [EDIT] I think he's logged off
If u like u can have a look
http://www.forexfactory.com/showthre...80#post3035480
  • #140,424
  • Sep 8, 2009 5:47pm Sep 8, 2009 5:47pm
Im long @.4450 kicking myself for going short yesterday at 1.4350 got stoped out @.4450 recouped 50% now this guy below predicted the global financial crisis below Take profit 1st target 1.4700



U.S. Dollar Will Weaken, Currency Crash Possible, Roubini Says
By Sonia Sirletti and Jeffrey Donovan
http://www.bloomberg.com/apps/data?p...d=ix4SuWGd1BSY

Sept. 4 (Bloomberg) -- The dollar will weaken and the U.S. risks seeing a crash of the currency unless it does more to control the deficit and reduce debt, said New York University Professor Nouriel Roubini, who predicted the financial crisis.
“If markets were to believe, and I’m not saying it’s likely, that inflation is going to be the route that the U.S. is going to take to resolve this problem, then you could have a crash of the value of the dollar,” Roubini said in an interview today in Cernobbio, Italy. “The value of the dollar over time has to fall on a trade-weighted basis, but not necessarily relative to euro and yen.”
Roubini said he didn’t see a risk of a dollar crash in the “‘short term.” The value of the U.S. currency relative to currencies such as the yen or the euro “cannot change too much compared to current levels because if the dollar were to weaken a lot and the euro strengthen a lot, that’s going to warp any chance for the European economy to recover, same argument as to the yen,” he said.
“Most of the adjustment of the dollar in the future has to occur relative to China, relative to emerging Asia and relative to some of the other commodity exporters in the world, whether these are advanced economies or emerging markets,” he said.
Foreign creditors need assurances that the U.S. will address its deficit, Roubini said.
“Unless in the medium term these issues of fiscal sustainability are addressed, and unless we mop up that excess liquidity from the financial system, eventually the financial markets and the foreign creditors of the United States might get more concerned about the sustainability of the U.S. fiscal deficit and about the U.S. being tempted to use the inflation tax as a way of resolving its private and public debt problems,” he said.



  • #140,425
  • Sep 8, 2009 5:47pm Sep 8, 2009 5:47pm
Quoting TheFisherman
I don't get it. 35 pips SL for 8% of account is big. Where did you short? How much are you willing to lose. There's a decent chance PA will break the high of today tomorrow and then go for 1.44 and below. That puts your 35 pips SL in great danger. See Jun 23rd. Was about the same circumstances as today. Rally caused also by bond auction. Now understand that I'm talking about chances here. I'm no guru and I don't have crystal balls. That's why I am flat on EU atm.

went short on 4500 at round 18 gmt...wanted to sell it at 4480 which was my initial tp, but got greedy for 4440 and how that ended upbut lesson learned i gues, price less :0..
ej is knocking on the door again huh
  • #140,426
  • Sep 8, 2009 5:50pm Sep 8, 2009 5:50pm
Quoting Dr.alshiekh
i think we will return 1.4438
Perhaps. In the medium to longer term, I think 4620 is possible......

5c
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #140,427
  • Sep 8, 2009 5:51pm Sep 8, 2009 5:51pm
So Fisherman you feel like this is just a spike to gain momentum to break down <1.420 ?

There's an expanding wedge I'm looking at and it's hitting some pretty firm resistance here. Time will tell....
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  • #140,428
  • Sep 8, 2009 5:54pm Sep 8, 2009 5:54pm
WOW, got it badly wrong today feel a bit burned. Hoping to get back into the mid 1.43 to get rid of the trade.

Yuk.

HarrY
  • #140,429
  • Sep 8, 2009 5:55pm Sep 8, 2009 5:55pm
Chart says it all.

R1 will hold.

Buyers apparently lined up at .4460 but I'll buy small off the pivot.

Mike
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  • #140,430
  • Sep 8, 2009 6:29pm Sep 8, 2009 6:29pm
just added another 10 lots @.450 ..
  • #140,431
  • Sep 8, 2009 6:38pm Sep 8, 2009 6:38pm
Looking forward to the Asian session. Let's see where our Asian buddies take this pair. I'd like to see a move outside of this little 65ish pip channel we've been hovering in for the past few hours.

For the record, I am short at 4511. This is my second time shorting from this area, +25 pips on the first short.
  • #140,432
  • Sep 8, 2009 6:44pm Sep 8, 2009 6:44pm
Quoting GulfCoastPip
Looking forward to the Asian session. Let's see where our Asian buddies take this pair. I'd like to see a move outside of this little 65ish pip channel we've been hovering in for the past few hours.

For the record, I am short at 4511.
me too at 4500..still dont get the spike today..can it do the same today?
  • #140,433
  • Sep 8, 2009 6:58pm Sep 8, 2009 6:58pm
Quoting ledobedo
me too at 4500..still dont get the spike today..can it do the same today?
Anything is possible

I've got an average weekly range for the last 15 weeks at 284 pips. We've done 236 pips so far this week. Last week we only did 201 pips.
Nothing worth having is easy.
  • #140,434
  • Sep 8, 2009 6:59pm Sep 8, 2009 6:59pm
Quoting Patience
Anything is possible
I agree with that...This is Forex!
  • #140,435
  • Sep 8, 2009 7:04pm Sep 8, 2009 7:04pm
Quoting GulfCoastPip
I agree with that...This is Forex!
http://a3.twimg.com/profile_images/1...ger_normal.jpg
9 Sep 00:43:38 FT Reports: Moody's may not actually cut UK rating in spite of increased deficit

Who would have thunk it? See, anything is possible

I know it's not about the EUR but it is about the GBP which could affect the EUR/GBP (very powerful cross) which then affects the EUR/USD. I always watch this pair when trading EUR/USD or GBP/USD.
Nothing worth having is easy.
  • #140,436
  • Sep 8, 2009 7:09pm Sep 8, 2009 7:09pm
Quoting Patience


I've got an average weekly range for the last 15 weeks at 284 pips. We've done 236 pips so far this week. Last week we only did 201 pips.
  • #140,437
  • Sep 8, 2009 7:19pm Sep 8, 2009 7:19pm
anyone noticed in this doji in gold?

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Just a
  • #140,438
  • Sep 8, 2009 7:38pm Sep 8, 2009 7:38pm
Good morning koalas !
  • #140,439
  • Sep 8, 2009 7:56pm Sep 8, 2009 7:56pm
Hi.

In last night i put a sell limit, but i forget to put a stop loss

im short 1.4426

Like to know an opnion.

wait or finish the trade ? Any chance to EUR go south to 1.4422 ?

I see RSI on top, and ADX too.

Help me guys

thanks
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My English its not very well, be patient
  • #140,440
  • Sep 8, 2009 8:04pm Sep 8, 2009 8:04pm
Quoting whinos
Hi.

In last night i put a sell limit, but i forget to put a stop loss .....
Nobody here knows for sure...their guess (even educated guess) is as good as yours. FX is unpredictable.....if you blow your account consider it tuition.
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