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Can I Be a GBP/JPY Dimwit For a Moment
Started Dec 20, 2006|Trading Discussion|3 replies
I have a quick question and I know this seems like a dimwit question but am just wondering. My ...
Yes I agree with its reliabilty which is why I was confused. I do indeed dream about fx sometimes. LOL
Can I ask a stupid question ? Isnt there an ECB rate statement this week? I dont see it on the calendar, maybe I just imagined there was one on slate.
Congrats on the FX vs equities. I am the same way. Consistently make money in FX and lose on equities and options. Equities have horrid gaps. I will never trade them again.
Alright I do admit that when we break below the Oct low of 1.2328 we will spend some time in the 1.16 handle before making a run to 1.00
The hourly failure at 120 on the EUR/JPY could also weigh on the EUR in the next couple of sessions.
Fundamentally there are no reasons to buy the Euro right now. Late Friday's run up was in a thin market with EU markets closed and appered to be more stop hunting by hedge funds than anything with any substance. 2009 target price = 1.00
Correct me if Im wrong but often on US Bank Holidays, long term trend is typically maintained. Hourly support from Feb 2nd at 1.2725 could be tested again. If broken look for 1.2700 give way as stops below are targeted in a thin market.
I shorted on the circled area on my chart. If I couldhave taken the dog out first I may have gooten a better entry. Sold 1.2900 and it spiked to 1.2913 ten seconds later.
If you were to look at the heavy weights Citi 125K Deutche 125k Goldman 100K Bank of Tokyo 137k Lehman 125k Bear Sterns 120k All prediciting over 100k per your link
If you're married escorw some cash for the divorce attorney for when your wife wants out. LOL That was constructive not negativism.
I have a quick question and I know this seems like a dimwit question but am just wondering. My ...