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I'm on it! Buying like an idiot just to make some orders. pathetic.lol
someone please kick usd/cad in the @ss....frekin boring. I'm so bored that i'm just going to keep buying standard lots at random until my account is broke. Up to 300k now...lol
You're probably right about the psychological fallout, that's why I feel that we will never know the true amount of the CDS securities. I think the CDS debts will eventually work their way out of the market, take the associated companies with them, and we will hear nothing more than estimates. Hopefully these CDS's are re-regulated to prevent future issues as such.
Thanks! Forgot about that. Evans is shortly after, then FOMC after Evans. Should bring some volatility to the market.
I'm sitting at about -650 on this pair right now. I was down as much as -1400 unrealized. I think it has more to go, so i'm hanging in there.
It's about time for usd/cad to get stepping. Talk about boring!
The real issue is that the CDS's are non-regulated, thanks to the Clinton administration, and we will never know the extent of them. It's been estimated that the CDS's could be beyon 52trillion or some ridiculous number like that. I think things will get better once the market breaks the backs of all of the companies that have not operated within the bounds of logical financial operations. Or better said, the ones that are living off of leveraged credit and still able to report positive numbers....not anymore!
A good article about usd/jpy picked up at TFXH via RSS in the Action Forex section.
http://www.actionforex.com/technical-analysis/daily-forex-technicals/%24%10yen,-still-long-but-get-aggressive-with-stops....-2009021879203/
I could use some mortgage payments as well! Perhaps 3-4 months worth would be nice.
It has blasted through the 21/2 bolli on the daily chart. Very bullish when that happens. After it settles down, it should work its way back to the 21SMA before continuing its uptrend.
I need to watch that. My friend was telling me about it, but I have yet to see it. The market conditions are quite interesting and I enjoy reading into it and trying to connect the dots.
I can't complain...I took +1400.00 on them. I'll just buy back when it dips a couple of hundred pips.
wow...I'm kicking myself for closing the usd/jpy longs out.
Don't forget that Japan is in the porta-potty. There is two good articles over at Forex Factory on the front page under "Forex News" about the current Yen conditions. Check them out.
I think the issue is that usd/jpy has been strong even though the DOW has been getting killed. Now that the down is showing flat to positive potential, usd/jpy will continue to rally. If things prove different for the DOW and it continues down more, usd/jpy should come tumbling with it. Also, oil is getting destroyed. Currently 34.87 which is very positive for the dollar. I'll elaborate on things in the write-up i'm working on about correlations, etc. I'll post it later on today. Should be an insightful writing, at least I hope so. Also, on a technical level, usd/jpy has a lot of upwards potential. Especially if the neckline of the double top gets taken out. At 94.70
looks like usd/jpy is heading strait for my initial target. Too bad I closed it out early, but why be greedy.
Looks like usd/jpy is going to continue to buck the dow. Interesting. I'm working on a write-up about the market conditions and de-correlation, etc. it will be posted at TFXH sometime later today if your interested in such a read.
I agree...go with the strength and not against it. Some people are able to do well with counter trend trades...i'm not one of them.
Glad someone's with me. The turnaround was a bounce off of an hourly fib level. We just need it to break past the previous daily trendline, else, that trendline with be resistance going forward.
sounds like me. I'm still holding my usd/cad though for now.
it just broke out of bullish consolidation as well and is targeting the mid 94's imo
There's a lot of strength in the usd now. Careful with the shorts.
Still holding my longs from yesterday...waded through a rocky night. Long USD/JPY and USD/CAD
There's a nice bullish continuation pattern on the usd/cad 1hr chart. I'm expecting a break to the north today, if not within the next couple of hours.
Futures:Dow Jones +3.00 7510.00 2/18 5:09am
Fibo resistance on the hourly comes in at about 92.30. This should be the initial resistance point. I think the orders in-between there have been taken care of after the mess overnight. Hopefully it is supported going further. I'm concerned about the DOW though...could add weight to the pair if it continues down at the open.
I have a tp at the top of the ichi "cloud" which comes in at about 93.85 and is a viable target as long as the price action remains within the cloud and doesn't drop out the bottom. Shooting for the moon I guess.
Dow futures are not supporting my long usd/jpy positions. I sure wish I was awake last night while my account was rallying.
Dow Jones -154.00 7625.00 2/17 6:43am
While I was sleeping, my usd/jpy longs were up 1400.00...lol now they are flat. what a crapper. Still holding them though as the technicals support.
added a long usd/cad on the daily trendline break
blame it on Donald Trump. And something about a 1.58 billion dollar bond redemption.
I have noticed that the ichimoku indicator with the same settings in oanda and mt4 are completely different visually. Not just a little, but completely different. I wonder why this is? It seems to me that Oanda's is correct....
He should be good for the 4am open though! He can trade from 4am-7am and be ready for school by 8.
You need to exercise your clicker! Anyway, certainly trading a partnership with a trusted, well educated partner would be nice, especially if the partner was on the night shift. Sometimes I wish I could just stay up 24hours and trade away, perhaps I need to educate my girlfriend? We would both benefit as I would sleep well, she would make money, etc. Sounds like a plan no?
i did short it and like an idiot didn't take the profits. Instead I put a stop at +1 pip to protect the position since it was a standard lot. Missed out on a few dollars with that one. I'm looking to sell eur/jpy or eur/usd on another rally to the highs.
fxgame: perhaps its just me, but my fxgame feed is dead....no price movement. I have my live MT4 account opened and the prices are different by about 30 pips on the eur/jpy. sigh
I see that the contest is finally updating....its about time
closed aud/jpy long for +5 pips. usd/jpy is looking weak which will likely bring aud/jpy down with it.
looks like I should've kept my usd/jpy short. Always works out that way huu?