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- scyang replied May 1, 2008
For the most part, that's true. But Japanese market is still open and they have some heavy weight banks who play big so still might have some small movements.
EURUSD
- scyang replied May 1, 2008
I got out of my short position.
Not sure how far the retracement will go. But still think this thing is going down and euro is going up as a general trend for the rest of the week.USD/CHF
- scyang replied Apr 30, 2008
eurusd — Where do you expect the retracement to go? Now it's at 1.5635.
Fibonacci GONE WILD
- scyang replied Apr 30, 2008
That's right - I stayed up late. Held usdchf for quite a couple of days and wanted to make enough for my effort - which I thought would top right after the FED announcement. I was right, for a change (I am usually wrong).
Malaysia
- scyang replied Apr 30, 2008
Are you sure this pair will go back to test 1.0430-40 range? What is the time frame that you see it will do that, if so? How low do you think it will go before it starts going back up to retest the double top area?
USD/CHF
- scyang replied Apr 30, 2008
If it can be 75% correct, that's excellent. Anybody else has monitored the forecast and done a statistical accuracy?
GBP/USD Updated with I-CHING Methode
- scyang replied Apr 30, 2008
You should have gotten in the market last night! That was one exciting rollercoaster. I was long in usdchf for a couple days prior and took the train north to almost the highest point before it started to go south. When I was sure it was going down, ...
Malaysia
- scyang replied Apr 30, 2008
What price did you enter into the short positions? You think euro will go under 1.56 again?
EURUSD
- scyang replied Apr 30, 2008
Anybody got charts to show whether euro is going up or down at this point?
EURUSD
- scyang replied Apr 30, 2008
Well Swissy did dig itself out of the dog house and went much higher, to 1.0442 to be exactly. Didn't catch the highest point of course, but made a nice profit with the long, and then after the price stablized, turned around on the train south. Now ...
USDCHF moving up for 2.5 weeks?
- scyang replied Apr 30, 2008
Don't think that's a safe bet. Just got a feeling whatever the FED is going to say will make $ bullish because they can't say anything worse than people are already expecting. The only hope of beating down $ is for the GDP number to be really bad.
EURUSD
- scyang replied Apr 30, 2008
Your assessment about the interest rate decision is probably right. But are you concerned about the numbers coming out before that, what they might do to the currency pairs?
Cable Update (GBPUSD)
- scyang replied Apr 30, 2008
Wow are you serious? Compared to which currency did it lose that much?
Cable Update (GBPUSD)
- scyang replied Apr 30, 2008
Let the person who posted the chart answer, along with his/her explanation please.
EURUSD
- scyang replied Apr 30, 2008
Yes they are smart traders alright. They got in long even when the crowd is yellow usdchf going down since Monday.
USD/CHF