Yes, very very liquid. MY biggest wins are always from EU, and my biggest loss is always from AU and GU. So not touching those from now on.

Must be very disciplined stop loss.


This post has been edited by AdamG1981: Aug 29 2008, 01:14 AM

Yes, i agree. Still have room to drop. Once the EMA 20 cuts the EMA 200 @ 30 min EU chart, its' free fall from there on.

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Added on August 29, 2008, 1:18 amYes, i see it. Thanks.

I still cant' believe IEA destroyed my trades today! Wow.

This post has been edited by AdamG1981: Aug 29 2008, 01:18 AM

HAHA! Thanks my friend. Just hope ECB don't say something stupid again.

Should be good for EU, coz EMA 20 going to cut down EMA 200 it seems.

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Added on August 29, 2008, 1:23 amBye guys, goodnight


This post has been edited by AdamG1981: Aug 29 2008, 01:23 AM

Yes, rebound soon. Mine also hit SL.

Long EU 1.4692... SL : 1.4700

Nice,

I am recovering a little now. Not bad.

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Added on August 29, 2008, 2:14 amResistance @ EMA 20, 15 min chart


Exited too.



This post has been edited by AdamG1981: Aug 29 2008, 02:28 AM

short EU @ 1.4735, stop 1.4765. CPI print will come lower than expected.

I opened up a short position for euro @ 1.4644. This week hasn't been very good to me. Lost 700 usd.

Oh well... life goes on. Will focus on my us stocks for abit now.

Yeap, but i have other positions open in futures. Trying to purchase some us equities. So might be shifting funds in and out.

ITs' not advisable to trade on fridays. I just love to overtrade, hence my loss of 700!

But seriously, dont overtrade.

I closed my short position due to uncertainty on hurricane gustav. My hunch is its' going to hit the gulf oil operations. 3 years exactly after katrina. And katrina caused oil to jump big time to 6 usd.



This post has been edited by AdamG1981: Aug 30 2008, 03:34 AM

Hurricane gustav now Cat 2....continue to watch developments. TS Hannah coming also

Will oil shoot up 10 USD?

TBD

This post has been edited by AdamG1981: Aug 30 2008, 05:52 PM

Yes, using real money will be a real measure of what you have learnt. When you are on demo, you don't have the "scared" mentality when it goes against you 50-100 pips. But when you are using REAL money, you be freaking out when the trade is going against you (20 pips - 30 pips)

Trust me, there was once in futures, i lost almost 1000 usd in one day. It was scary, and indeed nerve wrecking.

GBP will surely pecah this monday. Even its prime minister say their recession is worst one ever in 60 years. See you at 1.75 pounds!

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Added on August 31, 2008, 10:43 pmDon't forget NFP! The current quarter GDP was boosted via exports. Expect NFP to be more worst than last months.



This post has been edited by AdamG1981: Aug 31 2008, 10:43 PM

Yes, i do check the 4hr chart frequently. Checking the 4 hr chart does help as it can help you "guess" what the mid to longer trend could be. 3hrs should be fine; not much of a difference.

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Added on September 1, 2008, 12:14 amSure, the BoE is meeting this week and Dale will probably cut interest rate by 0.25%. And on the political front, UK suggested that Russia be ejected from the G8.

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Added on September 1, 2008, 12:17 amUS dollar to be further pressured:

Iran to urge OPEC to reduce oil supply

Hurricane Gustave is now Cat 3 churning into the path of the major Gulf Oil companies

Russia signed treaty with Georgia separatists

EU to hold meeting tomorrow to discuss Russia's aggression.

10th Bank to fail in the US. FDIC might request additional funding from Treasury.


This post has been edited by AdamG1981: Sep 1 2008, 12:19 AM

I got my profits here and there...

This morning was too greedy, triggered my stop for 1.4679.
+ 10 pips

Just now, AGAIN too greedy, + 6 pips , triggered stop for 1.4642

Now shorting @ 1.4636

currently -10 pips.

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Added on September 1, 2008, 5:56 pmSorry bro, the GBP ain going to make it after monday. Will definitely fall below 1.80 against the greenback after Gustav hits LA.



This post has been edited by AdamG1981: Sep 1 2008, 05:56 PM

Should short EU buddy, the price wont go past the 20 day EMA for 1 hr chart.

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Added on September 1, 2008, 6:12 pmIt's a bull trap. Happened on Friday, price suddenly shot up to 1.4761 before declining rapidly over the next few hours.



This post has been edited by AdamG1981: Sep 1 2008, 06:12 PM

Did anyone notice that crude oil is actually declining??

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Added on September 1, 2008, 6:17 pmAnyone using MT4 here? How can i draw a EMA 13 on the RSI 14 chart?

This post has been edited by AdamG1981: Sep 1 2008, 06:17 PM

Actually there's another point, retail sales in US is predicted to be bad. The reason why i reshort the euro is because i feel that even if the retail numbers are bad, it's already priced into the price movement (congestion range). The main point is BoE's decision speech that will pull down euro along with the GBP.

So holding GU should be fine for the next few days.

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Added on September 1, 2008, 6:38 pmDID you short MPH???


This post has been edited by AdamG1981: Sep 1 2008, 06:38 PM

Yes, because it has a very tough time passing the EMA 20 in the 1 hr chart.

I been watching the pair since this morning.


The overall bias is bearish for euro, not many buyers willing to risk buying at 1.4660, when they think they can purchase the pair @ 1.4570

RED ALERT!!!! SHOOTING STAR forming @ 1 hr chart...Free fall for EU soon??