EURUSD

Closed +50......I bet she goes higher

oh yes, saw that coming
it does look exhausted though

Nah, I didn't go for it. Maybe hould have just tested it with ice cream money. I'm reading some interview from "Stock market wizards". The guy says he put aside from the main fund a small amount where he would satisfy his overtrading/testing/gambling needs. That's a psychological trick. He observed 150m fund all by himself! And a secretary came a couple of times a week. Probably during late NY session .

lol I do the same thing, i call it my play fund... now i just need the late NY secretary...

Drop a horizontal line at 4150 (pretty close to cloggie's 62) and see how hard we bounced from it.... 4150 is very important for significant more down...

Look at it on a daily chart....

Why is you so serious? I'm a noob, just learning this stuff. Still far from making my living doing it.

i have 50.3 for a play towards 4087/4036.. going to scale down a bit though.. wonder if we still going to play ping pong

I'm talking daily, hundreds of pips one way or the other....

I see.. on the daily 4161 remains for me.. in any case, close enough

Serious? Me? Lol. I'm just here for fun bro.

rite.

sold @ 80

added at 88

Oh I get it, seems like the Euro is shooting for the 38.2% Fib level, located at 1.4230. I better get out of the way then.

all closed at 93
bastards!!!

I'm not here to announce the increase in gold margins; I'm sure that's been identified already. I'm here to rant, not about that, but about observers, in particular ZH, who have entirely the wrong idea about what margin is for.

ZH thinks it's an attempt to stop the run in gold. It's not. It's to protect the clearing house. CME has not had a single clearing member default in 106 years of clearing, and is not about to start now.

What lots of people miss is that there are exactly the same number of ounces short as there are long, as is the case in any futures market. CME doesn't care about the longs taking gold to 2K an ounce; what they care about is that every night they have to debit capital from the firms who are short and credit it to those who are long. If margin is 4,500, that means a daily move of more than 45/oz puts those shorts beyond margin and into reserve, "free" margin, and vice versa. In the last week, that's become far too probable. In both directions, by the way.

They're not picking on gold. This morning, my long bond contracts had margin of 2,750. Tonight they have margin of 4,430. Why? Because the price is swinging around 3 percent: 3,000 a contract, a day. On that basis, 55/oz margin (what it was raised to) is probably still too low on gold.

End of rant. I'd have posted this to ZH, but just reading the comments there puts your head at risk of exploding, so I do this here where it's safe.

Don't worry. You played it right. That's what matters.

Guys, technical question: If the week opens with a gap, do stops get filled at the open price or do they remain unfilled?

Asian viagra! Me likey!

LoL, Bought at 93...