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  • #556,021
  • Oct 30, 2011 5:49pm Oct 30, 2011 5:49pm
Quoting riandouma
why go against the trend?
Probably because the "trend" can change direction (or consolidate) at any give time.
  • #556,022
  • Oct 30, 2011 5:55pm Oct 30, 2011 5:55pm
lets watch . . .
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  • #556,023
  • Oct 30, 2011 5:59pm Oct 30, 2011 5:59pm
hi mates! I hope everyone enjoyed their weekends.

So interesting to pull up my charts and find no gap. Well, all I see now is a cornered euro. 4181 and 4133 are levels I'm looking at keenly. Anyone with anything on those??? watching out for the close above the earlier or below the latter.
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Don't just beat the markets, leave bruises.
  • #556,024
  • Oct 30, 2011 6:48pm Oct 30, 2011 6:48pm
And so another trading week begins. Oh glorious market gods may you bless me with bountiful pips as you did last week! ))

And may you bless the kind people on this forum as well
  • #556,025
  • Oct 30, 2011 7:54pm Oct 30, 2011 7:54pm
hmm still have low volume with narrow spread still have buy strength
be patient, self-belief and discipline... stay focus...
  • #556,026
  • Oct 30, 2011 7:56pm Oct 30, 2011 7:56pm
today's bearish man win. the lowest they can get is 3935, but if the lower the better, but not much is probably 3887. may be good news for bullish man, the highest they can on this day 4201 or 4231, then, if I can.
but if if bearish man did not close their entry last week and selling them above their means, the candle will not go far today.
  • #556,027
  • Oct 30, 2011 8:27pm Oct 30, 2011 8:27pm
yoda here
If you are new to Forex? Say Goodbye to your account!!
  • #556,028
  • Oct 30, 2011 8:27pm Oct 30, 2011 8:27pm
Intervention great job BOJ
Patience, Emotion Control and Discipline.
  • #556,029
  • Oct 30, 2011 8:28pm Oct 30, 2011 8:28pm
Hmmm... Any fundamental reasons for that sudden move down ???

[edit] Ah so it was BOJ...
  • #556,030
  • Oct 30, 2011 8:28pm Oct 30, 2011 8:28pm
TY Japan... I had 2 standards on from 75.60 hoping for intervention
check out my blog: forexmademillionaire dot com
  • #556,031
  • Oct 30, 2011 8:29pm Oct 30, 2011 8:29pm
Quoting Aandar
Hmmm... Any fundamental reasons for that sudden move down ???
japanese finally living up to their intervention threats
  • #556,032
  • Oct 30, 2011 8:31pm Oct 30, 2011 8:31pm
What the heck happened? It totally took me by surprised....!
  • #556,033
  • Oct 30, 2011 8:44pm Oct 30, 2011 8:44pm
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  • #556,034
  • Oct 30, 2011 8:47pm Oct 30, 2011 8:47pm
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  • #556,035
  • Oct 30, 2011 8:48pm Oct 30, 2011 8:48pm
Quoting KiwiTrada
yoda here
75.65 filled...
unlucky didnt fill more at 75.52...miss the entry...
but still very happy
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Patience, Emotion Control and Discipline.
  • #556,036
  • Oct 30, 2011 8:51pm Oct 30, 2011 8:51pm
For those of you unaware of why EUR/USD is getting hit, you probably know it has to do with the BoJ intervention on USD/JPY by now. However, if you don't know why that's messing with the Euro, here's why:

For the BoJ to strengthen the Yen, they buy a bunch of USD/JPY which means their essentially weakening the Yen by purchasing USD. This essentially puts their books heavily USD based and they don't want all that currency risk on one product. So, they have to get rid of it, or re-distribute the risk. They do this by selling other pairs, mostly majors (i.e. EUR/USD, GBP/USD, AUD/USD, etc.). This helps them diversify their dollar purchases into other currencies and the dollar strengthens across the board.

It's generally a temporary thing and experienced traders can fade these moves with proper money management. Ok, enough from me... back to fading ;-)
check out my blog: forexmademillionaire dot com
  • #556,037
  • Oct 30, 2011 8:54pm Oct 30, 2011 8:54pm
Quoting johncen
75.65 filled...
unlucky didnt fill more at 75.52...miss the entry...
but still very happy
I be waiting patiently soo long, I on her butt,geppy long weekly open 2x lots

Trailing Stps now hunting fade is no hurry please be big skyrocket
If you are new to Forex? Say Goodbye to your account!!
  • #556,038
  • Oct 30, 2011 8:55pm Oct 30, 2011 8:55pm
Quoting buonvangvn
short 1.4168 , 18 lots
  • #556,039
  • Oct 30, 2011 8:56pm Oct 30, 2011 8:56pm
Quoting screwup
today's bearish man win. the lowest they can get is 3935, but if the lower the better, but not much is probably 3887. may be good news for bullish man, the highest they can on this day 4201 or 4231, then, if I can.
but if if bearish man did not close their entry last week and selling them above their means, the candle will not go far today.

correction of an error number not me, 3935 to 4047. others, that' yours specify.
  • #556,040
  • Oct 30, 2011 8:56pm Oct 30, 2011 8:56pm
It's generally a temporary thing and experienced traders can fade these moves with proper money management. Ok, enough from me... back to fading ;-)[/quote]

Interventions are great, except when you are sitting on the opposite side of the trade. 300 pips on the usdjpy and im sitting on the receiving end of a usdchf crushing.
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