Yeah, most likely EU and commodities going to rally....market these days very irratic. If Congress approves for less than 700 billion, the market will take it the wrong way and hence DJIA will crash along with worldwide markets. (Even Congress is lack of confidence 700 billion will solve the crisis.)

haha...and he says that pumping out $700bil wouldnt cause inflation...hm..worse to worse, money would just head to t-bill and gold...

you trade on commodities? how much is your initial capital?

closing my platform...after 3 hours, it gone back to the consolidation zone...too tiring to scalp

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Added on September 24, 2008, 11:20 pmbut honestly, isnt providing fiscal stimulus better? now they're like helping wall street more than the ppl...

This post has been edited by small-jeff: Sep 24 2008, 11:20 PM

I speculate on mini gold. Either way, Congress is in a bind. IF Congress fails to rescue, Wall St crashes. If congress does rescue, how much will they approve ? 700 B, 500 B, or 150 B? Who knows at this point.

My initial capital is 10,000 usd.

This post has been edited by AdamG1981: Sep 24 2008, 11:41 PM

Hit my SL....lost bad....anyone who buy EUR/JPY sure earn big bucks....darn it.....

These are the lessons you paid for. Learn it and be wiser. When the trade is against you, cut loss and rethink on your previous trade.

I buy GRB/USD at 1.7550.. to bad im set my SL to high already sell it at 1.7540.. now 1.8463...

If I keep it till today and sell it now. is that mean I will earn $4656 if I trade total of $50G USD?

can anyone explain,y the graph oni got little movement. very small movement oni.
the candlestick all kecik kecik.

@mousepad87
there is no IF in forex.. if if if.. if only i knew the future i would be rich ...

@bulkbiz
y did u losE? u didn't adjust ur SL to be +1 pip after the trade went ur way?

i saw EU,GU,UJ,UCAD,AU,NZUSD is sideway now ..i can't see any good movement right now

any good trades today? mind to share? hehe

now it better to look at higher timeframe e.g 4 hourly for direction , then trade on hourly chart.

lol... too early to say..but i wouldn't long any USD.. USD is in deep shit..
i just longed GU at 1.85558.. lets c where this goes.. i think it will hit the 50% fibo on the daily chart

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Added on September 25, 2008, 10:40 am GU heading the way i want it to go.. now modify SL to +1 pip.. ^^ going out for breakfast now.. happy pipping guys !

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Added on September 25, 2008, 10:41 amkevler... what about EJ ? I'm seeing an uptrend but correct me if i'm wrong..

This post has been edited by kelvin_tan: Sep 25 2008, 10:41 AM

Wao kelvin, fat lunch today....1.85909 oredi, may I follow your next trade....

This post has been edited by bulkbiz: Sep 25 2008, 11:07 AM

i saw uptrend too ..but need to be careful as i saw bearish movement on EJ 1 hour chart

but

for EJ 4hour chart , more interesting ...the movement is uptrend , and expecting going to 165.xx , or more specifically , rallying to Wave 2

once the market break 158.xx , i will start to buy on EJ ..huhu

IMO, any move whether 700B or 150B is USD -ve.

150B and buy all the bail out plan will be USD -ve in short term. But probably will be good for USA in long term. It shows the US gov is buying the debt on those bankcrupt bank @ the dirty cheap price. From the investment point of view in long term. It is good but the market will lose its confidence due to il-liquid thus Dow jones crash or USD -ve.

700B is not a good price to buy those bail out. You dont buy things above market value to bail out. It is pure stupidity. Bankers take risk over leverage themselves and now they are in trouble and expect the tax payer to absorb the cost and buy their worthless asset @ billions of dollars? It is ridiculous. Members @ the Capitol hill like Ron Paul did point the root cause of the problem. The housing is correcting to the "actual" price base on the market value. But the FED & treasury is trying to fix the price @ above market value and expecting the market to buy those. if that 700B didnt work out, I am very sure the USA will end itself as world economy power, then we will be looking for china burst after that.

Bernanke & Paulson must be study economics from the backyard. Are they really dumb or what? When these people actually learn?

Again putting US treasury into deeper debt only means printing more USD. We all know printing more USD is very USD -ve.

As for EU there has been talks about putting pressure on ECB to cut rates. So the EU is a mix data right now. I have yet to see a large bank failure in europe. I looking to see one of this event happen either end of 2008 or 2009.

This post has been edited by billytong: Sep 25 2008, 12:20 PM

dammit was out for breakfast... from +40 pips become +5 pips T_T

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Added on September 25, 2008, 11:57 ami'm not trusting any USD movements for some time..
longed EU 1.47052

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Added on September 25, 2008, 12:00 pmdaily chart for EJ is showing resistance for a few days at the 38.2 fibo.. once it goes through i'm going to long it..

This post has been edited by kelvin_tan: Sep 25 2008, 12:00 PM

i saw bullish movement on EU market ...expecting to completing subwave-5 within wave 5 , once it break 1.4895 , it will go further up 1.5085

p/s god's will

heh.. i saw it too..but lets not hope its our day eh?

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Added on September 25, 2008, 12:13 pmkinda sad my about my GU trade though.. could have retired for the day as my target profit of 1% on current account was achieved ><

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Added on September 25, 2008, 12:25 pmEU going up.. SL at +1 pip

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Added on September 25, 2008, 12:28 pm... hit my SL already...

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Added on September 25, 2008, 12:32 pmlong again on EU

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Added on September 25, 2008, 1:03 pmbeing hesitant when u see something positive sure sux ! i missed my EJ entry..

This post has been edited by kelvin_tan: Sep 25 2008, 01:03 PM

Yes, you are right. IF EU doesn't break 1.46, it is consider very bullish; especially in these volatile and illiquid market.

finally it moved upwards.. waited so long .. >< missed my EJ entry T_T !!! hesitantcy is the mother of most screwed up things in terms of forex for me.. >< sure i've been saved once or twice being hesitant but i lost more then 10 good trades due to being hesitant..