I dunno what is forex lol. Oh okay thx then.

Oanda do have a foreign exchange service for people who just wanna exchange currencies and not trade, it's called fxglobaltransfer and they let you exchange at the trading price, meaning 10 pips' difference, but the minimum lot size is probably like 100k, and i don't think they have Malaysian ringgit.

If you're changing a large amount, you can probably bargain hunt around and negotiate with different forex dealers.

Probability of Euro testing 1.23 ; 70%


Short position open 1.2533.

TP: 1.23

SL: 1.2600



This post has been edited by AdamG1981: Nov 12 2008, 07:05 PM

Nice call.. TP at daily last low...

We'll see.

Currrnetly on my chart. I waiting for Eu this candle close. GU still wait for next confirmation to short.


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I remove my SL, i added another short position to EU.

GJ is retracing a bit. . .

Sorry, i just don't think Dow Jones going to go up tonight. The jobless claims numbers are going to reflect the effects of the credit crisis in October. Many companies already laid off workers. Don't think DOW will rally for no reason.

on the bail out on GM, perhaps?

Very unlikely. This government intervention is like baid aid. The market is getting used to painkillers.

Maybe tonight we'll see dow break 8500.

But definitely everyone wants a bail out now. Makes me wonder. Is there a super bull run for commodities sometime soon?

Due to lack of time, Now I only concentrate on EU GU. Throw EJ GJ first. No time to see 4 pair in same time. Besides. Open one short for GU at 1.5292. Bcoz the DOJI at the Trendline.

GJ went back down.

Also, the 1.27 support level for Euro was broken, so most likely it will become a resistant for a couple of weeks. This might hint that Dow will break 8000?

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Added on November 12, 2008, 8:44 pmNice, i have 1 short position open at 1.5310.



This post has been edited by AdamG1981: Nov 12 2008, 08:44 PM

i shorted on EU around 2583...but closed now..a little too early i guess

My outlook on EU still that USD will still gain strength for a short time horizon, due to the break of oil at 59, continuous falling economies and commodities, while 10 yr Treasuries shows slight up move, and etc etc. I would like to see oil to have a strong rebound on 56, hence the short break on USD bull run.

hm...i wouldnt focus too much on US indexes. Monies are just too scattered for the time being.

added:
bailing out GM is bad. Not bailing out GM is worse. In addition, GM's price fall to a price to decade low, if bail out plan pass, time for greed to make its way

This post has been edited by small-jeff: Nov 12 2008, 08:58 PM

Same. The retail sales and jobless claims tomorrow / friday will likely cause euro and pounds to freefall.

TP at 1.5161. See how it goes.


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LOL! Okay i set my TP to 1.5171. LOL...


Don't disappoint me now!

I just hate it when any market makes a dive/rocket move...

The currency market is already trying to price in the worst news on the jobless claims....