hm...S&P, NASDAQ, DJIA, FTSE, DAX all rising...another round of "hope" confidence in the US? Wall Street opening still unable to break this consolidation...this short term confidence in US would be weaken by next week..i hope

aih..enough for the day... dvd time

etrade - emini?

hahah..friday still can trade..look for entry around from 6pm till 8:30pm local time...

i'm using fxcm, maily because it doesnt show gapping other than weekly open. you can go to there website www.dailyfx.com and select the pairs you want to check the charts.

Hm...IMO, comparing Euro$ and US$, the former tends to be much more volatile than the latter. US$ is seem to be much "stable" than Euro$, if another stable currency is taken as base (i.e. Yen). It'll be much evident if you look at 1M or even Tick charts.

@Adam:

you mean USDI going down, yet EU going up, concurrently? cannot be ba...

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Added on September 26, 2008, 2:51 pmi'm using fxcm, maily because it doesnt show gapping other than weekly open. you can go to there website www.dailyfx.com and select the pairs you want to check the charts.

Hm...IMO, comparing Euro$ and US$, the former tends to be much more volatile than the latter. US$ is seem to be much "stable" than Euro$, if another stable currency is taken as base (i.e. Yen). It'll be much evident if you look at 1M or even Tick charts.

@Adam:

you mean USDI going down, yet EU going up, concurrently? cannot be ba...

This post has been edited by small-jeff: Sep 26 2008, 02:51 PM

hm..like what Adam said, the bail out will happen. For this and other reasons, i'm actually targeting the bullish will have a another try at 1.6000 by year end

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just wanna add a little of my view. In forex, it's more about where the money goes, rather than plain TA+FA. The latter combination would be good for stocks, but not 100% for forex.

When GU and EU going bearish, doesnt necessarily means UJ has to be bullish. Yen could be suffering worse than USD at that moment, for all the reasons there could be. News and reports could affect the trend, but not 100%. It's better to know which index, commodity, etc is going up/down, before and after the news, cause there's where the money will go, hence altering the exchange rate.

This post has been edited by small-jeff: Sep 26 2008, 05:41 PM

lol..was waiting for Bush to talk....Thanks Mr. Bush!!

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Added on September 26, 2008, 10:03 pmlol...totally crazy movement...not touching this...better keep the profit

This post has been edited by small-jeff: Sep 26 2008, 10:03 PM

Europe starting to surface its problem. First to target is the belgium-dutch firm, Fortis...

careful on a rebounce around 8:30pm

phew...ride on the up move...just managed to cover today's losses...got caught in the choppy upmove...

Europe is showing its ugly side, most are going for treasuries, t-bill and gold...very confusing day...overall EU still seems bullish..but the choppy move is just killing me....even oil is on a sharp down move, revisiting 100....

does europe has anything like treasury or t-bills? when people go for gold papers, it wouldnt affect their currencies ya, if i'm not mistaken...?

hm..they just voted a "NO" to the $700bil bail out...seems like these few months of trading would be rather difficult..

people are avoid europe in fear of it'll be the same as US.

the credit system in the world is freezing up quickly, last night's borrowing cost made a sudden increase (although i dont do carry trade). Traders who require leverage will find some difficulties. Hopefully, it wont affect the margin required and the spreads too much in forex...

yeah...virtually everyone slap and slam when they get their turn... kinda pity them that time...

billy, need your opinion. what are the chances that europeans traders/investors will flood the Treasury? wanna keep track on where the money goes.

a little TA on EU.

from the monthly chart, the recent down move is still being hold by the strong support line drawn. but based on a weekly chart, where a shooting star marked the reversal of the small correction. We might see a revisit breaking of 1.38xx, when it may try to challenge the support line again, provided that if there's no better news coming out to change the sentiment.


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IMO, it'll still be worth it to watch from the sideline if not trading. It'll be good experience watching the price actions, live. It's not like we have a crisis every year the next time it comes, could be better prepared. For scalpers, it's the best time to pump up entry-exit skills

actually...there is...patterns like triangles/pendants works well especially in this choppy movement, where it'll tend to form one prior to reversal. In addition to that, is of course, candlesticks .. basically, reading the price actions is still applicable, but due to the high and fast movement, entry-exit must be rather precise.

....

darn it...EU keep falling...should have just leave my TP as it is...

wow...anyone got on the slide down on EU? after passing through last night's S1 pivot, never looked back...

me going long? i shorted...

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Added on October 1, 2008, 2:15 amooh...you mean billy?

anyway, bullish reversal seems will arrive soon, probably most appearent during the Asian's opening..


This post has been edited by small-jeff: Oct 1 2008, 02:15 AM

france, belgium, and several are doing worse by the day. watchout for a bearish move on EU...last night's small correction might be a bear flag. Another strong close below 1.4044 will confirm this.

actually it's more like this...
it's back into the consolidation zone in sept at 1.4144 to 1.4044...a rather large zone...
personally, i wont go in while it's still inside this zone...

oil is on the rise though

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Added on October 1, 2008, 3:53 pmtotally ugly...sit here for 3 hours...only get a few pips... US congress just has to pass the bill...whether it's string attached or not...

This post has been edited by small-jeff: Oct 1 2008, 03:53 PM


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hmm...EU aint reacting to gold and oil's rocket move