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  • #260,841
  • Jun 21, 2010 4:41am Jun 21, 2010 4:41am
This may be a good reason to consider shorting the GBP.
Not all sins are created equal
  • #260,842
  • Jun 21, 2010 4:42am Jun 21, 2010 4:42am
Quoting Vladimir1987
it looks overbought but let see....
did u mean oversold?
  • #260,843
  • Jun 21, 2010 4:43am Jun 21, 2010 4:43am
Quoting Vladimir1987
it looks overbought but let see....
Overbought? It is 45 pips down from the opening. Is that overbought?
  • #260,844
  • Jun 21, 2010 4:44am Jun 21, 2010 4:44am
Quoting auther
Do you guys think we'll get to trade Chinese Yuan Now ???

Does any of your brokers have that option already ?
No and no.

Yuan trading was frozen in 2006 and it could happen again. Who knows?

The way I'd trade Yuan right now is to buy a stack of them and stash them into a safety deposit box.
Not all sins are created equal
  • #260,845
  • Jun 21, 2010 4:47am Jun 21, 2010 4:47am
Quoting Jay Walker
No and no.

Yuan trading was frozen in 2006 and it could happen again. Who knows?

The way I'd trade Yuan right now is to buy a stack of them and stash them into a safety deposit box.
Yeah....i have stack of them stached in my safety deposit box. Just hope they dont change the currency
  • #260,846
  • Jun 21, 2010 4:48am Jun 21, 2010 4:48am
Quoting DudeSepii
Yeah....i have stack of them stached in my safety deposit box. Just hope they dont change the currency
That's a stronger possibility in the USA and the Eurozone than in China.
Not all sins are created equal
  • #260,847
  • Jun 21, 2010 4:48am Jun 21, 2010 4:48am
Quoting The flame
did u mean oversold?
ups...
  • #260,848
  • Jun 21, 2010 4:51am Jun 21, 2010 4:51am
It is untradable. Unbelievable. I see your posts, everybody holds different opinion but sometimes it seems to be all about luck to me. Today I made a lot of mistakes, bad entries, wrong emotional decisions etc... So I quit 4 today, but good luck from my heart to all. Which direction in your opinion it rather goes?
  • #260,849
  • Jun 21, 2010 4:53am Jun 21, 2010 4:53am
Quoting auther
Do you guys think we'll get to trade Chinese Yuan Now ???

Does any of your brokers have that option already ?
Mine doesn't appear to have it. Maybe it's one to ask about and they will add it (like when I wanted to trade soya last year, they added it to my list)
  • #260,850
  • Jun 21, 2010 4:54am Jun 21, 2010 4:54am
Quoting macsetta
It is untradable. Unbelievable. I see your posts, everybody holds different opinion but sometimes it seems to be all about luck to me. Today I made a lot of mistakes, bad entries, wrong emotional decisions etc... So I quit 4 today, but good luck from my heart to all. Which direction in your opinion it rather goes?
Everybody has different opinions because there are different styles of traders here. There are some with less experience than others obviously. But even seasoned traders will have disagreements because of the time frame upon which the trade is based.

Someone trading on a 5 minutes platform will look like a genius shorting while someone being long on the 15 minutes frame might look just as smart.

Take some rest, revise and come back a better trader tomorrow
Not all sins are created equal
  • #260,851
  • Jun 21, 2010 4:56am Jun 21, 2010 4:56am
Quoting auther
Do you guys think we'll get to trade Chinese Yuan Now ???

Does any of your brokers have that option already ?
Oanda offers USDCNY with a mere 100 pip spread
  • #260,852
  • Jun 21, 2010 4:56am Jun 21, 2010 4:56am
Quoting Jay Walker
Everybody has different opinions because there are different styles of traders here. There are some with less experience than others obviously. But even seasoned traders will have disagreements because of the time frame upon which the trade is based.

Someone trading on a 5 minutes platform will look like a genius shorting while someone being long on the 15 minutes frame might look just as smart.

Take some rest, revise and come back a better trader tomorrow
Thanks, you are right... i do need a break. Not the money is much all in all, rather the frustration. Take care
  • #260,853
  • Jun 21, 2010 4:56am Jun 21, 2010 4:56am
Lost a little going long on probably reversal that turned out to be a false signal.
  • #260,854
  • Jun 21, 2010 4:57am Jun 21, 2010 4:57am
Quoting oliverpip
Oanda offers USDCNY with a mere 100 pip spread
For a 100 pip spread, I'd seriously be better off buying it off some currency exchange place down the street.
Not all sins are created equal
  • #260,855
  • Jun 21, 2010 5:00am Jun 21, 2010 5:00am
Quoting oliverpip
Oanda offers USDCNY with a mere 100 pip spread
Hmmm... 100 pip spread on CNY... ask them to S**** it up their a**
  • #260,856
  • Jun 21, 2010 5:00am Jun 21, 2010 5:00am
hey buddy this is forex! of course everyone sees something different or WANT to se something particular..this morning i ignored my short signal and now i'm just kicking my ass before my boss understand what i missed...but hey oh this is trading....
now i'm looking at a tl but of course could fail (and it is indeed)...last week was terrible for me...lost almost 1%....and the more i look at the mistakes i did the more i get upset.....this morning i ignored a WONDERFUL signal that could have made me get a straight 5%!
i'll wait for a new one......
have a walk and clear your mind.....and FIRST MAKE YOUR OWN DECISION THEN WATCH HERE! it was the same for me and it's working...(a little bit but it is)... and remember that not every trade described here is real.....there are calls for trades taken perfectly on a spyke and quite in profit...but just after a lot of time...it's easy to say: "hey i entered long at 1.18, now i'm getting rich" but are really few the real traders here!
don't worry, tomorrow is another day!
cheers!
  • #260,857
  • Jun 21, 2010 5:07am Jun 21, 2010 5:07am
Quoting The flame
hey buddy this is forex! of course everyone sees something different or WANT to se something particular..this morning i ignored my short signal and now i'm just kicking my ass before my boss understand what i missed...but hey oh this is trading....
now i'm looking at a tl but of course could fail (and it is indeed)...last week was terrible for me...lost almost 1%....and the more i look at the mistakes i did the more i get upset.....this morning i ignored a WONDERFUL signal that could have made me get a straight 5%!
i'll wait for a new one......
have...
I like to be here in this forum because everybody understands. Thanks a lot, and good luck once again.
  • #260,858
  • Jun 21, 2010 5:10am Jun 21, 2010 5:10am
thats right folks - tomorrow is another day!
  • #260,859
  • Jun 21, 2010 5:10am Jun 21, 2010 5:10am
Quoting macsetta
Thanks, you are right... i do need a break. Not the money is much all in all, rather the frustration. Take care
a break really does help. sometimes ur mind is in overload.
  • #260,860
  • Jun 21, 2010 5:13am Jun 21, 2010 5:13am
so far ltl on H1 being respected... waiting for candle to close
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