FOREX TRADERS

[Worn_Buffet]

a crap shot....

sure I can buy that...at least during times such these. However when things finally decide to settle down it's much less a crap shot....at least less of a CS than that of the pennies that's for sure.

Right now t/a aint as reliable as it usally is w/4x...which is one of the things I mean when I say "settling down".

But when the mrkt finally does find its' zone & all the currencies have gone thru the rehandicapping process, I think you will find that for the most part, it's not quite as difficult to forecast future moves as it is w/the pennies.

& yes, as far as 4x goes....you really shouldn't get too hung up on wether to go short or long....let the charts tell you that...ie let the mrkt come to you & go along for just a small part of the ride....there's no room for greed in this exchange...it will wipe ya out faster than you can say TARP! :0

Into the US close here & wadda ya know.....the case for this bein a bottom just got a lil stronger....still not sold on that one however....tho I will admit....down jus 200 +/- could be seen as bullish...as strange as that sounds...lol
Bein that it was down over 400 oudda da gates tends to make one feel that way I suppose....a fairly nice recovery there to cut those losses in 1/2.

Chalk 1 up ta camp Daiello & da dollar Bulls ;)~

& Sept existing home sales up 5+%.....someone pinch me :0
Perhaps this was one catalyst to help offset those early losses?

http://biz.yahoo.com/ap/081024/economy.html

Cheers!!





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"Risk comes from not knowing what you're doing."

Warren Buffet