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added an aud/usd long and an aud/jpy long
My strategy will be to sell into the strength somewhere along the way. Just my gut feeling.
like a dork, I entered a eur/jpy long at support and got stopped out about 2 mins afterwards. lol it happens
liquidated most of my positions before the testimony at 0845. waiting until afterwards to re-enter the market
Its all good. I like to see/understand all points of view rather than just my own. So I appreciate the dialog.
Looks like a market trap/stop hunt going on right now. Interested to see where the markets go. I think they will snap back to where they were before+. Meaning eur/usd up, gbp/jpy up, usd/cad down, etc.
I have to admit, they are quite good at "creative budgeting" if you know what I mean. lol
Unless your just looking for a 10 pip pullback. I wouldn't dare hold that short until 0845 though. imo
Yes i do...when the futures look like this: Dow Jones +200.00 7415.00 3/23 7:06am
Buy on dips of 100-400 pips. Don't think you can go wrong as long as securities are showing strenght.
"invest in our future in ways that have been badly neglected"
I don't fully understand this statement. He is investing in the NOW and putting the future at risk. All this debt has to be paid back somehow...how is that? Your kids' taxes and your retirement. I don't consider that investing in our future.
Careful with the gaps...there's no need nor requirement ifor gaps to be filled in the forex market.
My prediction...0845...big dollar sell-of courtesy of Geithner...don't get on the wrong side.
Anyone experienced with SharePoint?
Doing the aussie dance. Checking out...will probably be back next week sometime, got a busy OT week ahead of me. sigh
Yes you are correct. This will all work out fine.....until hyper inflation kicks in. If inflation remains stable though, these money moves will prove to be genius. I know one thing, i'll be re-financing my house very soon.
Forget all of this. A little vodka on the gums will do the trick. Isn't that the old school way?
Don't do it. lol
Stop...what's that? lol
I think a key factor in this USD destruction is the 300b that Obama announced today. The fed is purchasing 300b of debt from banks or something like that...haven't read into it fully. That on top of the current bailout should result in dollar selling then in the near future inflation. Thus the massive jump in gold and selling of the USD. He basically increased the balance sheet by 300b+. So, once he eliminates 1/2 of the national debt, as he claims he will do by the end of his term, the national debt will still be nearly double what it was at the end of Bush's terms. hmm..
Fortunately I had a usd/chf long that I closed out this morning...would've burned me if I hadn't closed it.
50k on a 500$ account at 200:1...so yes nearly half of my margin
My analysis for the coming weeks. Sell on rallys(usd/chf, usd/cad) Buy on dips(eur/usd, aud/usd). Selling usd/chf on rallies could pay VERY nicely. HOWEVER watch out for Swiss intervention, they may destroy your account quickly. Given that, usd/cad shorts and eur/usd, aud/usd longs may be the better option.
Back in my hole. peace
It adds up to a currently un-realized profit of about 110% at the moment. Going to check my statement. Perhaps my platform at home is jacked up as its published from there rather than where I am now.
"were" still am... Shooting for the moon...just going to leave it open for parity. lol I wish
50k...or .50 in MT4 lingo
Here's what my friend for the day looks like....
Good stuff....
Luck is my friend today.
Need more than protein powder!
Time to make some pips ain't it?
TARP is 95% complete. Still holding out on the eur/jpy long, and will re-buy aud/jpy and gbp/jpy on a dip.
Just closed gbp/jpy long for +2800. Holding aud/jpy and eur/jpy longs at unrealized of +1660.00. Its a stress relieving day today. Feeling good and installing my Cakewalk Sonar 8 Producer software so I can get back to some recording. If you do any recording, Sonar 8 Producer is GODLY!
The FX Hub's TARP(Troubled asset recovery program) is nearing completion, in massive fashion.
I'm in damage control at the moment. Darn treasuries are killing my usd/jpy shorts. No very logical in my opinion, so i'm still hoping for a fall. We'll see....
The only thing that's supporting is the treasury yields. If the rug gets pulled out from under them, usd/jpy will come tumbling down. This effect is a product of safehaven flows into the USD. I'm concerned about my shorts at this given moment, but i'll give them time to percolate.
cause i'm short 5 standards. lol
Looks like the market may still be working on the H&S on the usd/jpy hourly, keeping and eye on that. BB's on the hourly 21/2 suggest a substantial move is imminent real soon.
Treasury yields are bucking the market, thus supporting usd/jpy...sigh