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brokers and credit crunch
Started Mar 21, 2008|Broker Discussion|2 repliesany one know if brokers will be affected from the credit crunch...ie go bust...people lose ...
if the daily closes down around 211 then that should form quite a bearish reversal candle
hey quecee, do u not possibly see 208 eventually or do u think we will not revisit there for a while?
yea im thinking very similar..want to start shorting around then..but i am being careful because it could break that if there is enough buying then it will be going alot further..but a retrace does seem more appropriate 4 now...hopefully down to ...
yea they are trades i am considering IF price gets to those levels...but as you say both pairs look strong....g/y could even be headin for 213 area
thoughts — not sure if these have been mentioned as havent looked back at thread but two trades i am looking at buy e/j at 164.25 and g/j at 208 any thoughts people
april — this pattern GY looks very similar to the pattern that formed on april 17th /18th on 3 hour charts
brokers — try forexbastards.com
dont worry mate..im doin just fine
simplicity — all you need is price..i use no indicators..if you learn order flow..support/resistance and candlestick patterns..you will be on the way... look for online trading academy, then search their archives for a trader called sam ...
drop rally? — thinking it wis going to test yesterdays low..then we may see a rally for the week
bearish! — bearish engulfing on hourly..possible first target 205.6!
good news is probably already priced in and we will probably only experience a small move up if it is good...buy the rumour sell the news!
yea im with oanda and i know they are very well capitalized...so not sure if it will affect them that much
any one know if brokers will be affected from the credit crunch...ie go bust...people lose ...