The sky is pretty high Mohan

EURUSD

Most excellent ! Looking forward to the live testing. Have a great weekend Chicky

Amazing Black Magic Trading Method

Sorry to hear that Divak.... At least you can make it back going long. Just start slow - we've got a huge move up from the looks of things. (500 pips IMO....was 600, but that was when we were still at 1.30xxx)

EURUSD

I think that is a safe bet

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Divak...did you close out yet?

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Good Morning Everyone — Happy Pipping

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Divak...unfortunately I am on my laptop, and I don't have my long term charts available (Onada fxtrade really sucks for this.) Assuming your right, you still have to question what is going to happen over the long term. I can't see how dilluting a ...

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Temporary one.....short if you must, but don't be surprised when this climbs over 1.31

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Is that to say your hedging?

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That's all well and good.....I think you said your Uncle point was 1.31?

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Yes...I agree , a pullback *should* happen. Just the same - I wouldn't consider this a time to start a massive short campaign. If anything, now you have some solid evidence that its the precise time to be going long for the long haul. Maybe the Euro ...

EURUSD

There's a significant difference....EZ has an apparent balance to the buying/printing, where the US appears to have this magical ability to print out of thin air. I wouldn't trust that dollar index - the only thing holding it there is the fear of ...

EURUSD

Couldn't tell you - unfortunately, the flip side to all of this is what is going on in the EZ. Safe bet - 600 pips to the upside. And......if this QE3 doesn't work.....we could end up breaching the all time high of the Euro.

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Why is that dumb? 12 months * 40 billion/month = massive USD Dillution. Seems to me, you can buy anything vs USD right now, and come back in one year to massive profits.

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I'm pretty sure your going to see retail switching sides after today.

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Chicky, While I agree now is an appropriate time to short - I'm not getting the feeling 1.27's are in the cards. I can't really argue with success though....clearly you've got this down. Congrats on the wins!

Amazing Black Magic Trading Method

Geez Chicky.....we've almost reached 1000 pips since the bottom. I can't imagine another 1000 without some intervention from either ECB or the Fed. It would just create chaos if it grew that fast. EZ would likely lose any chance of fixing their ...

EURUSD

I too suffered this.....I was flat until after the announcement. There was just no way for me to consider risking all the profit with a huge SL. And honestly, I was not expecting QE3 (or whatever you want to call this - its not quite a QE3 IMO). It ...

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Its overdue for a retrace...I'm thinking about 80 pips, but then...? This is one of those times where is probably best to be flat by the end of London.

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This is literally a quote from BB "The US government has a technology, called a printing press, that allows it to produce as many dollars as it wishes at essentially no cost." "Under a paper-money system, a determined government can always generate ...

EURUSD