Not a bull trap, the Fed funds futures is pricing in a 0.25% cut this coming 16. And the Lehman issue is causing more mess. Personally i think it will continue to go up. Just take a look a the weekly bar candle. Shows you a big reversal clue.

Just my 2 cents.

This post has been edited by AdamG1981: Sep 13 2008, 05:13 AM

@jebonen
Yeah, sure still have next time to yamcha together.

Still on hold with my GJ LONG since 189.92, leave it over the weekend to makan some swap... SL at 192.64

This post has been edited by mphpopular: Sep 13 2008, 05:43 AM

SL +ve?...thats good...i hope it can reach 203.XX...then i will be happy again...

Yeah, I setting up a tight SL to see what happen in GJ. At least to secure up my profit. On GJ, if based on weekly chart, it is not a good entry to take for a LONG based on risk reward ratio, or based on technical.

Will post up chart during weekend to explain further. Now wanna kill all mosquito in my room. Keep biting me and make me cant sleep whole night. Tak tahan.

MPH, are you sure? I see a hammer @ the weekly chart. I think it's more likely a reversal, might even hit the 200 ema, 213 or 50 ema 205

This post has been edited by AdamG1981: Sep 13 2008, 06:31 AM

This is an DOJI or an HAMMER?

No matter what is it? Next week will be a interesting week for GU, if it form a formation like below, guess it is a good point to go again.


Attached thumbnail(s)

MPH, that's a hammer. If Lehman get's bailed out, financial market will rally again and yen will again depreciate due to more market participants engaging in more risky investments.

Got your point. Will do some homework over the weekend to see the picture clearer.

Many traders thought the ECB and BoE will cut rates first but its increasingly likely that U.S will cut first since PPI and CPI have cooled down tremendously. The US economic down risk is now more significant than inflation fears. When US feds meet on the 16th, i will believe that their wordings will change, indicating they will cut rates sooner rather than later.

things have changed now, first ECB is assured that they will not be cutting rates this year. Then with the US red data like this, there is a possibility that US gonna run into another round of rate cut which could send euro back to 1.5. I wont be surprise that Next Monday morning open we have a Price gaping like this Monday.

This post has been edited by billytong: Sep 13 2008, 07:27 AM

You are indeed right Billy. Obviously the status quo has changed. And now the shorts are targeting Merril Lynch to be the next Lehman.

I am looking a Eu Dip on this rise to pull out my high short I held for weeks for some big profit. It is time to take this money then letting it to go vanish.

my forex trading system, minimum one order can get 20pips... minimum..

Yup, money is money; no matter how big or small. Better run before a massive short covering from non retail.

hm..monday morning might just see a small gap opening higher following with a temporary down move during the early market hour. maybe can exit there...

Yeah, we might see a gap up GU, EU, EJ, GJ. Hopefully.

Hi Kelvin, last time u told me..u using oanda...and i noted oanda do not provide analysis tool like bollinger band, MACD, trendline... am i right?

@dreamzz

they do... bollinger band, macd, trendline all those got.. in terms of analysis tools, oanda falls behind meta trader4 platform but in terms of tight spreads, oanda is tighter. Do try out the demo account to c if it fits u

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Added on September 13, 2008, 4:03 pm@forexlife

If u claim ur system can get minimum 20 pips then u would be rich by now. In forex there is no such thing as a correct system. Please dont give misleading thoughts to others regarding ur so called "godly" system.

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Added on September 13, 2008, 5:04 pm@mphpopular
hei.. mind explaining to me whats a hammer n a doji? i read about it somewhere and i forgot what they both signifies.. thanks

This post has been edited by kelvin_tan: Sep 13 2008, 05:04 PM

http://www.candlesticker.com/Default.asp

I think this is the suitable site to give you more info on candlestick.

thanks a lot =) heh