The Swamp

Quoting gatorinla

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possible opportunity to get a fresh uj short on a 106.84 test. i didnt say long to it, that's still risky. norm still waiting 100.5 or 100.71. decade target still at 6x.xx. 106.84 is not much of a retrace (300 more normal, comparable to recent drop) but its a good level (place to look this month) even with a new LL. just a place to keep an eye on on a bounce.. its easy to get caught up in a move and continue to add to a winner. the problem is when a trade is so big, a small retrace turns it red. i see tyrant down there. i once told him uj was overextended...

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Quoting stylinex

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{quote} The G20 Finance Ministers met up in April from April 14th-15th where it was pretty much agreed upon by the G20 Finance Ministers which way the YEN would be headed amongst other currencies. We have another meeting at the end of May for the G7 meeting where Obama will come to as well. Probably markets head down this week and next week and then steady or once during week of meeting. http://www.g20.org/English/ If anything I reckon that the YEN drops after G7 meeting and not before. http://www.japan.go.jp/g7/summit/index.html...

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Quoting gatorinla

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possible opportunity to get a fresh uj short on a 106.84 test. i didnt say long to it, that's still risky. norm still waiting 100.5 or 100.71. decade target still at 6x.xx. 106.84 is not much of a retrace (300 more normal, comparable to recent drop) but its a good level (place to look this month) even with a new LL. just a place to keep an eye on on a bounce.. its easy to get caught up in a move and continue to add to a winner. the problem is when a trade is so big, a small retrace turns it red. i see tyrant down there. i once told him uj...

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Quoting gatorinla

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{quote} believe it or not. i depend little on news other than timing . i heard out the ass about boj easing would curve the yens strength, or the eu wasn't going to 1.17 or the possible 1.2470. i dont want or care about what goldman or citi does or says about markets. because over the years its mostly late news or garbage or just plain wrong. i am quite sure someone will try to attribute a move to the g7, of course after the move. time may be better spent finding the path of least resistance, to anticipate a move.

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Quoting Connors

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{quote} He went completely mental Did you see his latest post on his thread? He hates us all, he hates Ken A a little more I guess that is what 1.700 pips drawdown would do to any human being, poor fella.

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Quoting stylinex

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{quote} What do you see on the DAX? I was thinking 9800

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Quoting gatorinla

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{quote} i haven't spoke to him in a year+. the first rule in trading is, "u can and will be wrong. so use proper mm." if one can't do that. they should not be trading. hopefully he has learned his fundamentals are interpreted different by some. than techs help guide it. even fundis have cycles. does anyone have apple at 61$ handle? i know one guy who does.. i keep hearing nobody predicted the apple under 100 drop.. or oil drop from 106 to 43 in real time. or even brent oil 14$ handle after 56 dead cat. hell i dont believe it. but its what pa indicates.....

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Quoting Ken A

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Hey no margin call yet ............ show some respect - not easy to hit 1700 pips But agree arrogance and trading don't mix well ....... {image}

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Quoting Connors

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{quote} Dont want to spoil this thread with tyrant crap. He blames everything except his arrogance for his epic failure. If you are wrong you are wrong in this business and mistakes can-should be made. But allowing 1.700 pips drawdown for a lousy 100 pip profit target and acting as if you are some fx prophet is what makes the situation hilariously funny. Anyway. It is fun to watch his thread time to time especially when he gets his hopes up again and then digests another 300-400 pips drawdown on top of the current one

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Quoting gatorinla

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{quote} i dont know where his margin stops. if its 100.50/.71.. i wouldn't be surprised to see it tested. lots of opportunity lost. one could have slept the last 3 months and loss less.

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Quoting Ken A

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Watching GA {image}

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Quoting Connors

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{quote} Unfortunately it is very difficult to hit margin call with that lot size. Or can it really happen? Another 1.000 pips maybe then

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Quoting edyraper

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{quote} gu at highs and au at lows make sense , yep watching those levels on GA for shorts , thanks for the chart , will you hold your long(/s) or booking some ?

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Quoting Ken A

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{quote} Still hold 100% but watching GU as it might affect GA - not too worried about AU for now GA long counter with GJ short one will work

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Quoting edyraper

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{quote} I see thanks , GJ 147 ish likely ... is it ? (weekly chart){image}

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