Tip Of The Week: When going through airport customs and you are asked "Do you have any firearms with you?" do not reply "What do you need?"
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168.11 coming on G/J?? Looks like a good possibility
I won't hesitate to flip over to a long if it doesn't cooperate though.
I am short GJ at the moment @ 164.06
And Bullard talking about possible taper in Dec. ....causing EU to get hammered
Rumor of negative rates
I got it breaking key trendline resistance dating back to mid 2009 on the weekly.
I think its bullish as well. I closed a long this morning for 100 pips. Looking to re enter on a dip
whole OTC market is halted
Oh ok. it looks like if one trades those pairs that they would need to make about 120 of those pips to equal 20 "normal" pips on the majors (if the same unit size is traded). It can be very misleading imo.
Do you up the units you trade on that one?
UBS - "The euro has peaked at 1.38 against the dollar for the year. First, October's very weak Eurozone inflation data has strongly increased the risk of the European Central Bank cutting interest rates. Second, the latest Federal Open Market Committee meeting did not rule out the Fed tapering asset purchases even as early as this year.
America's economy will need to bounce back from last month's government shutdown for the Fed to start lowering its pace of quantitative easing. That would lead to a broader recovery in the dollar, in line with our bullish longer-term view. But in the interim the greenback is unlikely to fall further now as foreign central banks including the ECB turn more dovish. This week's key points for currencies are:
- dollar bears beware, earlier Fed tapering likely
- ECB to cut in the week ahead
- BoJ dissent signals further easing in future
- BoE dovishness will cap Cable
- three issues for SNB to consider
- RBA may call for lower currency again in the week ahead
- RBNZ keeps tightening bias, capping AUDNZD"
Hahahahaha the most pessimistic person wouldn't have predicted that!
yep, I am watching U/CAD to short eventually. Still wouldn't be surprised at all if it gets to 1.06 but could very well see it being stopped at 1.05 too. I'm planning to scale into this one so I am not worried about where it ends up.
Its just a matter of time before both align...just doesn't look like now is the time.
Technicals look bullish though imo...fundamentals are what looks bearish lol
Wouldnt bother me if 1.05 reversed it. I was planning on take 1/3 -1/2 of a position there and then waiting to see if it heads to 1.06. ill probably still plan on that.
Yep, I agree. I see over 1.06 and maybe a little higher as a U/Cad target. Im watching it to short eventually.
ECAD is insane.
closed the N/U short for 20 pip loss...decided not to hold through the NFP
EUR/NZD is a pretty good mover too
No, I don't use it. I am comfortable and satisfied with my wacky way of trading. I did save a template with the SupDem indicator to check periodically though.
I'm with you...we just have to be patient I think.
Just shorted NU at .8436. We'll see what happens over the next couple days. Could be a real good one imo.
Oh I see...makes sense.
what made you switch if you were doing well? Or do you do both?
I use 50:1 too but I stay under 15%. Nothing is set in stone with me though. I have different goals and expectations on every trade.
But yeah, I think most people who get into Forex need at least a year to get used to it. I just about blew up my first small account, then went on demo for a whole year and then came back live in Feb. with a larger account and a lot more confidence.
Oh I thought you were in longer term.
Wow, that's impressive for 2 weeks. I am more than happy with 10% in 2 weeks lol. Since Feb. I have avg.'d about 33%/month.
I am assuming you use very high leverage?
still short EA?...tempting short on this gap imo
Lol...just delete your browsing history if you wanna get rid of the personalized ads you are seeing.
i was just responding to charger regarding him saying ihub was following where he went online. Or that's how i read what he wrote.
Thats your browser watching where you go online, not Ihub.
yep...even though everyone already knew she would be the one.
white house announced yellen as fed chair..its causing the moves
Like I told someone on another board, patience.
Just need some patience. This thing is just getting started imo.
I, and others, are building a position now in anticipation of the "momo" in Dec., Jan, &Feb.