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- 874 Results (868 Replies, 6 Comments)
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SmoothTrader replied Jan 8, 2009GOOGLE is a wonderful too — Just GOOGLE it and it will begin your learning process. Godd luck and many green pips
EURUSD
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SmoothTrader replied Dec 31, 2008Market Maker — A Market Maker is a broker that takes the other side of your trades instead of passing it through to the InterBank market. They make money when you lose, and lose money when you make money.
Cable Update (GBPUSD)
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SmoothTrader replied Dec 31, 2008Year End Positioning — It looks like there is quite a bit of profit taking in the EUR/GBP and that is keeping the GBP relatively strong. Just my guess.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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SmoothTrader replied Dec 31, 2008Non-Reportable positions are small speculators (usually wrong) Commercial positions are financial institutions that hedge (neutral) Non-Commercial are large speculators (Hedge Funds, Big Boys, etc and they are usually right) The best use of the COT ...
EURUSD
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SmoothTrader replied Dec 31, 2008Well looking at the 5 min chart, the momentum to the up-side seems to be waning a bit. After a nice push up through the 4555 area, it seems to be losing some steam. I'm flat GBP and short the EUR. To all a Happy and PROSPEROUS New Year.
Cable Update (GBPUSD)
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SmoothTrader replied Dec 31, 2008STOP hunting possible — It may be a real gutsy move on your part because it sure seems like they want to go stop hunting above the 4555 level
Cable Update (GBPUSD)
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SmoothTrader replied Dec 30, 2008Covered — covered major shorts and easing them back out on the bounce with a nice sell below 4080 to ride the momentum down.
EURUSD
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SmoothTrader replied Dec 30, 20084080 — Now a break of 4080 should point significantly lower.
EURUSD
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SmoothTrader replied Dec 29, 2008Use a stop to protect your profits and it looks like it wants to test 4200.
EURUSD
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SmoothTrader replied Dec 29, 2008Don't see your H&S, but market action seems to be pointing lower if we break below 4265
EURUSD
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SmoothTrader replied Dec 29, 2008Excellent point. We do not move the market. The best that we can hope for is to ride the waves safely to green pips.
EURUSD
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SmoothTrader replied Dec 29, 2008Follow through or consolidation — Now to see where the market wants to go. There may be some follow through, but odds are we will need to consolidate some of these gains before we attempt a move to the 4700 right shoulder on the daily chart.
EURUSD
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SmoothTrader replied Dec 29, 2008OANDA shows a high of 4323. I am guessing that there is some selling against the resistance here and that means more stops above.
EURUSD
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SmoothTrader replied Dec 29, 2008It's just an approximation of where the beginning of the stops might be place. Just a hunch. Green pips to all
EURUSD
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SmoothTrader replied Dec 29, 2008Good luck, any may you both find a lifetime of happiness together.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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SmoothTrader replied Dec 29, 2008STOP hunting? — Well we are getting pretty close to that magic 1.4325 area, where many a stop are placed. Lite volume means easier to hunt for the stops. Just my thoughts.
EURUSD
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SmoothTrader replied Dec 23, 2008SCALP — This is a day for scalping more than taking a position. Hope you have positive pips already.
Cable Update (GBPUSD)
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SmoothTrader replied Dec 23, 2008Possible H&S — Looking at your chart there is a possible inverted Head & Shoulder formation developing with the neckline @ 1.47 and both shoulders @ 1.39. Something to look at for the New Year. Until then, Merry Christmas and Happy ...
EURUSD