got out just in time for EU..phew..Wall Street opening soon, break time again

tomorrow is the last trading day of the week. if going long with USD (i.e. short EU), be careful. today already entered the 1.38xx region

This post has been edited by small-jeff: Sep 11 2008, 09:10 PM

careful on the after european market close hor..

do a siggy like mine to remind myself everytime before i trade

careful on shorting in EU...the bear may have ended

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...

hm...the fate of Lehman wouldnt really change the direction of the current trend, nor is it the factor of the turning point. Lehman is down, that's already a fact, and that the credit crunch is not a new story. Now, it's back towards micro and macroeconomics ... The unexpected low retails tells another story of the US economy. With lower PPI and lowering commodity prices, the next thing to note on is the export data and manufacturing index. And ofcourse, the Fed will announce the new rate. Inflation vs Growth, which will they pick? (Personally, i prefer growth )

@lowyat:
wah...nice 90 pips..

traded earlier EU up move...made 20 only ....wanted long...but accidentally shorted, and missed the entry...damn stupid

anyway, anyone has any idea where is the money going?

US - NO NO
Europe - NO
Commodities - NO



Today, we mourn the lost of Lehman Brothers....

hm...dont think money is moving to Japan...UJ still remains bearish since the early August top, with Nikkei continuously heading south..

hm...i was expecting money to move to much safer place like the Switz...Seems like the upmove of EU might just be a correction, if not a bear flag...the only thing that doesnt look bearish..left SMI...

hmm....maybe..buying SMI futures in Wall Street?

This post has been edited by small-jeff: Sep 16 2008, 12:16 AM

ooh..my bad..

relax lar brother..was just asking for opinions...you mean ppl are using USD and JPY to trade just to hedge against their own currencies (i.e. Euro)?

anyway, you have any particular outlook on CHF?

hm...even if slightly cut the rates...it wont really make the situation any better. Playing around with the monetary policy wouldnt really help both, the banks and consumers. When either one is suffering, the economy suffers. Wait for Wall Street to open, probably may see continuation down move of USD...

most money is going to a safer place... the T-Bill, and gold...with banks not borrowing money to banks, trading will be rather difficult. Anyone trading on those index futures? How i wish my broker has that option At times like this, forex is just too dangerous...hope banks will get settled down next week

hm...just to add a little opinion on fibo. I notice most draw their vertical fibo using a rather small extream high/low. Though it's not to say it's not good, but some times can be rather misleading. Usually, to fully utilise fibo, both vertical and fan, it's best to draw from the true extream high/low, may it be years away. Then, when the gap between each level if it's too great, only look for smaller high/low, usually seen on consolidations. These are prices where people would actually remember, since fibo is about history price.

just my 2 cents

here's how i would draw on GJ, if i would trade on it.



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wah..bro..just done clubbing?

dont depend too much on indicators ler...no good...IMO...

just a little thought on the TA for EU. Usually in Fibo, the move from 38.2 to 50.0 is rather violent. The price has just hit 38.2..after some minor correction, expect it to rush into the 50.0 level, but expect some resistant at the 50.0 fan, where it might for a triangle, pendant, or bull flag. It would be better to wait until it breaks the 50.0 fan resistant first.

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Added on September 23, 2008, 12:11 amhuh? it has moved 200 pips since i sat down at 7pm today...still not enough???

This post has been edited by small-jeff: Sep 23 2008, 12:11 AM


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wah..rich guy careful a pullback bro...

hahaha..arent they asking for 700bil? then reduce to 500bil? yeah...listening now...

wah...these 2 days...trading during speech is very difficult...luckily i just closed my short on EU...aih...sit here whole day...earning lilttle little...capital not enough...makes it more difficult...

it recoils worse than ak47...

This post has been edited by small-jeff: Sep 24 2008, 11:07 PM

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

EU was having a triangle in 5m chart..BO..cheated away with some pips

hm...staying away from news...i think the sentiments will be with whether the "Plan" will be approved.

July's bounce totally blown away...eu still stuck at this ugly sideways...when are they going to announce whether the 700bil plan be approved or not? lets see wall street can makethe up move or not...