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- mikkom replied Aug 11, 2008
Yes it can be nasty but still it is not european conflict. These countries are part of Caucasus, not Europe.
EURUSD
- mikkom replied Aug 11, 2008
I'm from europe and I can assure that the war has nothing to do with europe. From US perspective the war would be about the same thing as war in Venezuela. One thing it will probably affect however is oil price and that will have effect on many ...
EURUSD
- mikkom replied Aug 11, 2008
That's why it's always important to be nonbiased about some currency. I have thought all the way that US will crash and euro will survive. However when price follows technical analysis, it's better to stick to that and ignore fundamentals, I have ...
EURUSD
- mikkom replied Aug 11, 2008
I wouldn't count on it. Notice how the price reversed exactly at the point of the middle peak of 2008-1-14. That seems to say that big players got in at that point and the resistance holds. But this is betting against the trend and it's dangerous ...
EURUSD
- mikkom replied Aug 11, 2008
1.5006 my short was stopped (for good profit) and because price action seems to tell that the bottom was at the resistance, I reversed my position from there (just a small position and tight stop). Let's see if this holds, too early to say. I don't ...
EURUSD
- mikkom replied Aug 11, 2008
Price action at the moment is totally crazy. It's most likely because there are so many pending orders at this level because this is so important support level (somewhere between 4951 - 4966)
EURUSD
- mikkom replied Aug 11, 2008
Lower low, lower high (where I increased my short position even more) and now.. Boom! Nice drop. It's not very usual to see 40 pip long 1 min candle.
EURUSD
- mikkom replied Aug 9, 2008
One pic for sunday night, I'll be watching the price action very closely when the market opens. If the price breaks the trendline, there might be a some kind of retracement and with this kind of volatility, even a large one. If it however goes under ...
EURUSD
- mikkom replied Aug 8, 2008
I'm gonna pyramide this sucker all the way down. Have been doing it all morning, every time my previous risk has been zeroed I enter a new order at peak. Has been working like a charm and my current stoploss risk is above zero. Has anyone noticed ...
EURUSD
- mikkom replied Aug 8, 2008
Here is an interesting weekly pic. It can be just an coincidence but then.. Everything in trading can.
EURUSD
- mikkom replied Aug 8, 2008
I would guess there are LOTS of stops under the last low both because of bears who are trading breakouts and bulls who have a "tight stop loss" because they want to guess the bottom - so if price goes there.. ride down again.
EURUSD
- mikkom replied Aug 7, 2008
US Bank index is crashing hard.. If the us indexes keep going down then the direction of EURUSD is gonna be uncertain for some time. Oil is also climbing. It's good thing I bought some SKF earlier today (double reverse us bank index ETF)

EURUSD
- mikkom replied Aug 7, 2008
strange thing is that DOW is dropping and gbpusd just formed higher low (or at least that's what seems). I wouldn't count it going a lot lower..
EURUSD
- mikkom replied Aug 7, 2008
Stochastics is nothing more than oscillator presentation of comparation of current value to minimum and maximum value of previous X bars so what you are essentially saying is that we are lower than previous X bars and that is absolutely correct.
EURUSD
- mikkom replied Aug 7, 2008
I pyramided on bounce from 1.54, we are going a lot lower today. It's almost alarming that he's not saying *anything* positive.
EURUSD
- mikkom replied Aug 7, 2008
I'm gambling a little with ECB. I just don't believe they can raise rates because the EU seems to be slumping so I'll keep my shorts open. Because everyone seems to be hawkish (I can't understand why) and the price has already risen on anticipation ...
EURUSD