adam.. at what point?

On second thought, i shouldnt be trading on a friday.

This post has been edited by AdamG1981: Sep 26 2008, 01:43 PM

lool ! due to unknown market conditions?

No because i have lost in forex every friday. (TOUCH WOOD)

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Added on September 26, 2008, 2:08 pmShort @ 1.4627. Let's see..

This post has been edited by AdamG1981: Sep 26 2008, 02:09 PM

I'm not sure if this is the same on all mt4 platform brokers.. Oanda does not show this kind of slippage..
Broker = ODL securities.. check out this slippage !!!

ODLsecurities is a BIG scam if this really happened.. This is the NZD/USD pair on Hourly and Daily chart..

This post has been edited by kelvin_tan: Sep 26 2008, 02:19 PM


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

small-jeff.. ur using mt4 platform? can i c ur daily chart on NZD/USD pair if ur NOT using odl securities as ur broker?

This post has been edited by kelvin_tan: Sep 26 2008, 02:22 PM

The USD movement is so weird, you have negative prints for the dollar and yet the USD bias is bullish...wtf..

after reading some news.. many investors remain negative bout the USD even after the 700billion bailout ..
USD has written off 240 billion/trillion i forgot which but euro isn't much better off either.. euro is at 200 ..

here comes the main question..
HOW COME USD STILL SO BULLISH?

I guess common folks prefer to hold USD compare to EUROS..

i love my new siggy recovering now.. made back 2% of my account

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Added on September 26, 2008, 2:42 pmanyway for EJ i doubt it can go up anymore.. mayb its time to short it again back to 146++



This post has been edited by kelvin_tan: Sep 26 2008, 02:43 PM


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I don't think EU is going back up to 1.466+. Watching the price action in the 5 minute chart convince me that EU is probably heading downwards. Unless it trades above the SMA 200.

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

I meant Euro going back up to 1.4660+

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Added on September 26, 2008, 2:57 pmThe bail out will happen, even though the House Republicans are against it. If all the Democrats vote aye and some Republicans join abroad, the bill will pass. If the plan fails, the taxpayers will blame the Democrats. That's what the Democrats hope to avoid; and that's why they want a bipartisan support.

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Added on September 26, 2008, 3:22 pmClosed with 20 pips profit.

This post has been edited by AdamG1981: Sep 26 2008, 03:22 PM

I never short EU at this low. with the USD being so crap i fail to see how attractive the USD is.

the EU will be heading back to 1.4800 once people realize what gonna happen to USA.

@adam

i meant EJ not EU ><

hahaha, actually it is true ..never trade during news comes ...it will make your day too hazardous ...harharhahrhar

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Added on September 26, 2008, 5:15 pmi saw the Eu daily is still uptrend ..

look at this wave count . If you able to see the B sign at the right hand corner there ..that's the point where EU will be going ..after that EU will go down to complete the ABC wave ..

any elliotician able to correct me ?



This post has been edited by kevler: Sep 26 2008, 05:17 PM

can someoen englihten me a little? is there a correlation between EU and EJ ?

lets take this example.. if EU goes down.. does that mean EJ goes down too ?

depends ..sometimes FA will deny the trend ..

remember back when GU and EU is bearish ...and UJ also going bearish instead bullish ... damned ..i lost with my technical analysis at that time ...

>< coz i wanna short one and wanna long one.. so deciding if they are both related... winning one and losing one isnt worth it