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- scyang replied Aug 22, 2008
Be careful there. You also said to short yesterday but cable ended up over 100 pips.
Cable Update (GBPUSD)
- scyang replied Aug 21, 2008
Where is Sham today? He was shifting between long and short with the market whipsawing like crazy yesterday. Wonder how he is.
Malaysia
- scyang replied Aug 21, 2008
I am a bit confused. You stated earlier reasons why dollar should be shorted today. Now you are short euro? Short at 83 and only to 76 for only 7 pips?
EURUSD
- scyang replied Aug 21, 2008
10:35pm USD image Crude Oil Inventories image 9.4M 0.7M-0.4M Think you are referring to this one. They had much more crude oil inventory than expected. The prices didn't go down much as it should. Then the next day, it jumped $5. All the more, it ...
EURUSD
- scyang replied Aug 21, 2008
Very hard to say what Bernanke might do to the pair. With the financial crisis deepening and the US economy anemic, he might have to play a rather balanced role. Oil has come down a lot so inflation risk might be tame.
EURUSD
- scyang replied Aug 21, 2008
I just had the luxury to be watching the prices all day, and yes, aussie was the laziest of them all for a long time. Every time fiber and cable went up, aussie stayed still. Every time fiber and cable turned down, aussie went down in a hurry. Not ...
Trading Aussie Jacko Style
- scyang replied Aug 21, 2008
You sure get around. lol Where do you see kiwi go? It dropped a lot when it had the rate cut, but recently it has been relatively strong compared to fiber and cable.
EURUSD
- scyang replied Aug 21, 2008
Sorry missed your earlier post. Aussie was really lazy-like earlier when euro and cable, even kiwi, were running up like crazy. It finally decided to take a run too. Where is your next entry?
Trading Aussie Jacko Style
- scyang replied Aug 21, 2008
Gold was almost to 840 today. I definitely wouldn't bet a dime on it not going to 850. Are you getting ready to turn your tail on this euro bull or holding onto your long?
EURUSD
- scyang replied Aug 21, 2008
I like your chart and your analysis makes sense. However, the market has a lot to do with human emotions, fears and irrational movements. I wouldn't be surprised at all if gold does break 850 in the next week or two. With my very limited experience, ...
EURUSD
- scyang replied Aug 21, 2008
One way you can maximize your profit is to set a trailing stop. It's a moving stop loss, trailing the price movement up, so that when the price retraces a certain number of pips, determined by you, it will automatically close out your position. That ...
EURUSD
- scyang replied Aug 21, 2008
But your words could easily be interpreted as being very negative and confrontational. If you have some concern of him running too much risk, give him a practical tips. Maybe you have not experienced huge drawdowns, but most of us have. When that ...
Malaysia
- scyang replied Aug 21, 2008
Please be nice to each other. We are all here to learn and hopefully make money. We have nothing against each other.
Malaysia
- scyang replied Aug 21, 2008
Cable and Fiber up show dollar weakness and that sure has correlation with AUDUSD. The good US data didn't stop the dollar weakening today. Aussie seems very unwilling to go higher.
AUD/USD
- scyang replied Aug 21, 2008
Good for you Nav. Really was a lucky move. Cable came back down in a jiffy.
Cable Update (GBPUSD)