QUOTE(dr2k3 @ Aug 17 2008, 07:04 PM)
big % of their intervention is phychology intervention
That's if they still have credibity.Forex Trading Corver V3, How's Your Pips Lately? ^_^
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 Aug 18 2008, 11:47 AM
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#41
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Senior Member
4,030 posts Joined: Apr 2008  
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Aug 18 2008, 03:23 PM
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#42
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Senior Member
4,030 posts Joined: Apr 2008
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Anyone shorting EU before 5 pm? hahaaaaaaa
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Aug 18 2008, 07:40 PM
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#43
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Senior Member
4,030 posts Joined: Apr 2008
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I currently have a short position open for EU.
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Aug 19 2008, 01:12 PM
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#44
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(billytong @ Aug 18 2008, 07:52 PM) I am sticking with my plan... Short EU on the rise. the ZEW gonna kill EU. Very good strategy, i noticed the EU falls after the price hit the 1hr chart 50 day EMA. Right now i still have my short position open.  I think German producer prices will be less than 0.7% This post has been edited by AdamG1981: Aug 19 2008, 01:14 PM |
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Aug 19 2008, 01:54 PM
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#45
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4,030 posts Joined: Apr 2008
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QUOTE(billytong @ Aug 18 2008, 10:43 PM) About RM9K, i was profit about 15K(this profit is not consider profit I guess is pure luck) then I went mad go over leverage long EU madly @ 1.35 thinking to get another 15K then bang EU go down 1.32 and I close for a loss there RM9K.....then it go up without me. Billy, there are signs the housing market is starting to pick up in the US; and there are critical signs that housing is starting to collapse in France, UK, Australia. I still do think that the EURO will fall below 1.46 tonight after the German ZEW survey and US PPI for july. I think that is the biggest loss I have.B4 that i am playing very small keep on taking loss consistently like RM10-RM200. Right now I gonna TP b4 the housing data. Lets see the housing gonna kill some USD gain and let me reshort again. Added on August 19, 2008, 1:45 pmI guess the only risk of shorting EU now is having a big big bad housing data and one of the major USA bank collapse. Like end of the world in USA to send euro back up above 1.5 |
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Aug 19 2008, 02:06 PM
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#46
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4,030 posts Joined: Apr 2008
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Ouch............German PPI at 2.0%, annual rate at 8.9%. OUCH!
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Aug 19 2008, 02:10 PM
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#47
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4,030 posts Joined: Apr 2008
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QUOTE(billytong @ Aug 18 2008, 11:09 PM) the ZEW & housing from USA will over shadow those data. Yes; it will be more pain for euro today. |
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Aug 19 2008, 02:39 PM
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#48
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4,030 posts Joined: Apr 2008
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No good for EU base on 1 hr chart. Seems like its going to drop below 1.46 tonight.
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Aug 19 2008, 03:06 PM
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#49
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QUOTE(billytong @ Aug 18 2008, 11:52 PM) Guys I am running out of "short" pants that is brand name EU..... need to go Parkson to buy some. LOL! Wait till tonight...   |
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Aug 19 2008, 03:39 PM
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#50
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4,030 posts Joined: Apr 2008
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I have 5 lots, 250 pips right now.
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Aug 19 2008, 04:21 PM
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#51
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4,030 posts Joined: Apr 2008
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Painful ZEW report coming out soon, in 30 minutes time.
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Aug 19 2008, 05:41 PM
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#52
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Senior Member
4,030 posts Joined: Apr 2008
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Shooting star @ 4:00 - 5:00 candle. It touches the trendline and then drops.
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Aug 19 2008, 05:50 PM
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#53
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I'm getting ready to short AU. Just waiting for it to rebound to the trendline.
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Aug 19 2008, 06:51 PM
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#54
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Senior Member
4,030 posts Joined: Apr 2008
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Covered my short position with 150 pips. Long euro now.
Added on August 19, 2008, 7:17 pmClosed out euro position, made 5 * 12 pips = 60 pips. This post has been edited by AdamG1981: Aug 19 2008, 07:17 PM |
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Aug 19 2008, 07:38 PM
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#55
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(AskDS @ Aug 19 2008, 04:21 AM) Oil price is going lower. Could this bring EU lower than today low? Today's low is 1.4628, rallied to near 50 day moving average (1 hr chart) 1.4706, now trading at 1.4683Can the news later be discounted since it might already be factored in by the traders? Obviously, the primary trend is still bearish, and we might see euro dip below 1.46 if there's no elevated financial worries. |
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Aug 19 2008, 08:18 PM
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#56
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QUOTE(small-jeff @ Aug 19 2008, 05:14 AM) hmmm...no doubt PPI will print lower. Somehow i found that EU might go up..hmm... If PPI print is lower, EU might go up. |
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Aug 19 2008, 08:40 PM
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#57
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Senior Member
4,030 posts Joined: Apr 2008
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Short Euro 1.4685, 1 lot, short aud 0.8664 2 lots
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Aug 19 2008, 08:45 PM
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#58
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4,030 posts Joined: Apr 2008
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Wow food increase was 3x expectations. I am sure Ben and gang are going to take this seriously. IR on the way up???
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Aug 19 2008, 09:18 PM
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#59
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(AskDS @ Aug 19 2008, 06:01 AM) That sounds like the bounce off the 20 EMA of EU? What's your TP level? S2? Yup |
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Aug 19 2008, 10:42 PM
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#60
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Senior Member
4,030 posts Joined: Apr 2008
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Closed out euro/aud positions. made a little.
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