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- scyang replied May 14, 2008
Easy, easy. This is volatility playing at best. It came back up. Just hang on.
Cable Update (GBPUSD)
- scyang replied May 14, 2008
I wouldn't short this pair for sure. Don't have a clear direction with additional news coming out the US later. If green news, thir pair can be pushing 106.
USD/JPY Discussion
- scyang replied May 14, 2008
On what time frame do you see the morning star? I don't see any.
Cable Update (GBPUSD)
- scyang replied May 14, 2008
It just came up nicely, unlike euro, still under water.
Cable Update (GBPUSD)
- scyang replied May 14, 2008
I don't have any additional information. Just watching the market closely. Not holding any position right now. But when the news start to come out later, the market will move around feverishly. I am just trying to find out from ff why he is so sure ...
USD/JPY Discussion
- scyang replied May 14, 2008
OK sorry. I thought you were making fun of Nav and other people who are long on cable. Hope the beast recovers so you guys can come out.
Cable Update (GBPUSD)
- scyang replied May 14, 2008
Just don't see how 100.55 is going to come about. What's your time frame? Don't know anybody here is a long-term trader. Mostly intraday traders. It's at 105.15. Was higher earlier. If the stock market is good and have some green US news, the pair ...
USD/JPY Discussion
- scyang replied May 14, 2008
Does anybody know what just happened? Did some important guy say something negative about the pound or euro?
Cable Update (GBPUSD)
- scyang replied May 14, 2008
Cable is dropping again. Thought it was a nice setup for long.

Cable Update (GBPUSD)
- scyang replied May 14, 2008
I agree that cable has been behaving very strange lately. One just can't tell which direction it would be going. Even when both technical and fundamentals are lined up for it to one direction, it still goes the other direction. It defies the logic. ...
Cable Update (GBPUSD)
- scyang replied May 14, 2008
Actually I just have a demo account with Oanda. My live account is with Saxo Bank. But your points are very valid.
EURUSD
- scyang replied May 13, 2008
I am sure that's good news for many in this thread. Some are probably stuck in it for a while. I will stay on the sidelines and wish everybody the best.
Cable Update (GBPUSD)
- scyang replied May 13, 2008
My broker doesn't allow hedging by opening a trade in the opposite direction. For example, if I long fiber, I would hedge it by short it because it's going down. With my broker, if I short, I would effective close the position and lock in the loss. ...
EURUSD
- scyang replied May 13, 2008
All eyes on the news tonight. The other thing is that usdjpy seems to be very sensitive to the direction of the stock market. If the US market is down, usdjpy will go down as well. So keep an eye on the SP futures.
USD/JPY Discussion
- scyang replied May 13, 2008
Ok hope you get out good. I think probably many others are stuck in red like you because I saw many are predicting that it is in a strong down trend. Will see what Wednesday's news brings.
USD/JPY Discussion