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Major news for Brit expected this week, which would shake the cable a whole lot more. Large movements, extreme volatility would mean... $$$$$$$
Cash in on the big movements boys! and girls!
Cash in on the big movements boys! and girls!
2 posters
7 - 11 Sept news
Rd- Admin
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Join date : 2009-05-25
Age : 37
niea- Forex Donators
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Join date : 2009-05-26
Today US & Canada Bank holiday...
market based only on London market....
market based only on London market....
Rd- Admin
- Posts : 600
Join date : 2009-05-25
Age : 37
USD made a big big dip yesterday. Fear made me not to enter the trades, especially watching GU...
Greed made me go crazy after that. Frenzy buying, hoping to gain some back.
Revenge made me lose lots of money, after greed made me lose some initial money.
Now: Broke!!!
Greed made me go crazy after that. Frenzy buying, hoping to gain some back.
Revenge made me lose lots of money, after greed made me lose some initial money.
Now: Broke!!!
niea- Forex Donators
- Posts : 506
Join date : 2009-05-26
I also not sure what happened to Dollar yesterday...
was it because of China?
GU and EU was a star last night
unfortunately I'm betting on GJ...
I've been eyeing GU at 1.632xx but in the end I stick GJ
was it because of China?
GU and EU was a star last night
unfortunately I'm betting on GJ...
I've been eyeing GU at 1.632xx but in the end I stick GJ
Rd- Admin
- Posts : 600
Join date : 2009-05-25
Age : 37
I was looking at GU, UJ, EU!
That was why i lost so much after that. The intense jump up... the greed.... the fear......
then after that thought of just catching a trend reversal because it's too late >> FEAR, yet I still want to profit like everyone else >> GREED.
LOSE MONEY.
Start losing control of my emotions, trade irrationally >> REVENGE.
I lost many many many pips. Sucks.
That was why i lost so much after that. The intense jump up... the greed.... the fear......
then after that thought of just catching a trend reversal because it's too late >> FEAR, yet I still want to profit like everyone else >> GREED.
LOSE MONEY.
Start losing control of my emotions, trade irrationally >> REVENGE.
I lost many many many pips. Sucks.
Rd- Admin
- Posts : 600
Join date : 2009-05-25
Age : 37
Dad said might be because of China's comments during G20 summit..
Might also be because it's september... sept is a bad bad month for US.
Might also be because it's september... sept is a bad bad month for US.
niea- Forex Donators
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Join date : 2009-05-26
yeah... G20 meeting last weekend
I heard on bloomberg tv something about important China gov decision they are making yesterday...
but could not remember what is it nor find it in website...
I heard on bloomberg tv something about important China gov decision they are making yesterday...
but could not remember what is it nor find it in website...
Rd- Admin
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Join date : 2009-05-25
Age : 37
"Dollar bashing at the United Nation's Conference on Trade and Development drove the greenback to a year to date low against the Euro, Australian and New Zealand dollars."
http://www.fx360.com/commentary/kathy/1908/will-usdjpy-also-test-its-2009-lows.aspx?num=1252466677207
http://www.fx360.com/commentary/kathy/1908/will-usdjpy-also-test-its-2009-lows.aspx?num=1252466677207
Rd- Admin
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Join date : 2009-05-25
Age : 37
Again, dollar dropped like mad since 6pm today. Didn't trade. I am pretty broke. lol
UptrendDowntrend on GJ is confirmed, and will approach soon.
>>I realized I wrote wrongly... should be down trend continuation... with Yen strengthening...
http://www.bloomberg.com/apps/news?pid=20601087&sid=ab7mo6QfAkno
>>I realized I wrote wrongly... should be down trend continuation... with Yen strengthening...
The yen may rise against the dollar as it’s replaced as the favored currency for carry trades, according to Royal Bank of Scotland Group Plc.
“Over the next few months, we see the yen strengthening against the dollar and European currencies,” Greg Gibbs, a foreign-exchange strategist at RBS in Sydney, wrote today in a report. “We expect the yen to continue to be replaced by the dollar, and even possibly European currencies, as the preferred funding vehicle for higher-risk, higher-yielding assets and currencies.”
http://www.bloomberg.com/apps/news?pid=20601087&sid=ab7mo6QfAkno
Last edited by Rd on Mon Sep 14, 2009 12:31 pm; edited 1 time in total
niea- Forex Donators
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Join date : 2009-05-26
Adam just give out public hint yesterday afternoon:
"You are all advised to buy yen, chf, and usd as the massive global sell off is about to begin. Yen carry trades will unwind very soon."
Buying yen, meaning long yen ???
so we should short yen pair like GJ, EJ?
I'm confused...
"You are all advised to buy yen, chf, and usd as the massive global sell off is about to begin. Yen carry trades will unwind very soon."
Buying yen, meaning long yen ???
so we should short yen pair like GJ, EJ?
I'm confused...
Rd- Admin
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Join date : 2009-05-25
Age : 37
Yes shaz, ur right! just back from a 3 day trip... tired.. exhausted.. phew.
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