it's around 5am during winter...usually it'll be around 4am..if i'm not mistaken

there are a few scalpers here. IMO, be a scalper only if you're very interested in the market, while knowing what you're doing. Scalping may require high leveraged than day trading, such that profits will seem to be significance. With that, there will be higher risk. So, you'll need to have a higher P/L ratio.

Good luck

check your IP address. some IP are prone to be lagging, such as the 118.xxx... you'll get better connection with 60.48.xx or 60.53.xxx... disconnect and reconnect again till you get a good IP

get the highest possible number..probably 500:1...it'll make money fast

hm..my little opinion. Based on the movement of Treasuries since last week of Jan-09, as well as the recent rate cut by BoE along with its horrible prints of economic data, and of course the performance in GILT, i wouldnt really want to short GBP anytime soon.

If you do monitor where the money is going, you wont be saying GBP is fundamentally flawed. This also include the movement on Euro, USD, and Yen. About the chart, you would like to look at the time frame, it's 1H.

On both technically and fundamentally, i see no reason for GBP to go bearish, especially against USD. If you're saying it's a merely correction move, then probably. However, making a new low, i seriously doubt so.

Just my little opinion

reasons to long G/U

1) Sell off on Treasuries - $67bil on sales starting today, so far, aint performing well

2) Lower interest rate on GBP

reasons to short G/U:

-None- or you name it

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Added on February 9, 2009, 10:38 pmdid correct you before market start last week...

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Added on February 9, 2009, 10:41 pmThis post has been edited by small-jeff: Feb 9 2009, 10:41 PM

when Dow rallies, DJ Stoxx, CAC, DAX will usually rally as well

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Added on February 9, 2009, 11:00 pmwei...not just some nonsense arguement...i did point out on Treasuries and etc..

This post has been edited by small-jeff: Feb 9 2009, 11:00 PM

lol..no prob...

yo dev...can help me a little..i attached my EU..any variation from what you have?


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Txi, I believe what stated above, is also happening/happened in US as well, being at a worse state than in UK. Not to forget, US still has an additional problem for its USD, the Treasuries. US and UK are increasing their money supply, however, US supply outpaced UK. In a race of running down hill, so far USD is still leading the race.

Equities - Bonds - Commodities: Cycle of money. Why Dow would affect the USD, simple answer, Risk Appetite. In the situation today, Dow does affect the performance of USD.

the time you said GBP/USD to go down was at 1.4810, after market close.

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Added on February 10, 2009, 8:14 pmlooking at T-Bill alone (3 months), it has declined from around 0.27 to 0.31 (now)

This post has been edited by small-jeff: Feb 10 2009, 08:14 PM

thanks for the chart...appreciate it

hm..little comment here...

I believe most who studied trading understands the need of a "working system". However, most believed, or thought that a "working system" is a set of indicators showing the trend and/or possible entry positions on the market (basically for TA only). Well, in my opinion, no matter what set of indicators one uses, it still lags behind the price action. Thusfar, there's still no programmable logic that could understand the formation of a particular candlestick/bar hence translate its meaning towards the market sentiments; most also ignore the importance of historical price action. IMO, a "working system" should consist of analytic tools to gauge and understand the market, rather than indicators telling the "history" of price movements.

what is resistance?

@thedoy82

so, you think that scalping is gambling ya? Have you ever wondered you could eventually scalp more than you swing, if you actually KNOW what you're doing?

Anyway, in terms of trading or investment, Risk/Reward ratio is perhaps one of the most important part within money management, whether you trade emotionally or like a robot. How could your group didnt even tell you about money management?

Of course, it would be nice if Soros would be my mentor, or even WD Gann (if he's still alive).

I've seen a lot of "us", so..like most fellow traders here, would you mind telling me what is causing the consolidation of EUR/USD right now, and that how could Dow Jones and US Treasuries could be falling at the same time?

Perhaps you're like me, not from a financial background. It would be appreciated if your group could help me out with this. It'll make your group popular anyway

For those who look at Dow as an indication of money flow for USD, here's my little outlook...the attached is a chart for Dow Futures; weekly chart. IMO, there's a good chance it might make a reversal by late next week. However, if failed to do so, i'm afraid 4000 mark will be coming within 3-4 months. Of course, i based it on fundamental aspects as well.

Happy trading.


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data is provided by GCI Trading. You can google it Anyway, it's Dow fut, not Dow.

hm..imo.. careful on shorting EU

1.3490!!!!!! I LOVE THIS GAME!!!!!!

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Added on March 19, 2009, 7:14 amI LOVE YOU GUYS!!!!!!!!

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Added on March 19, 2009, 7:15 amMUAHAHAHAHAH~!!!!

This post has been edited by small-jeff: Mar 19 2009, 07:15 AM

This one counts? hahahaha

huh? if you long 2 days ago, the price still aint low enough to give you losses. You probably long on 19th Thursday i guess.

anyway, here's a short term chart if you like. a bit messy, hope it'll help.


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