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  #2241 (permalink)  
Old 08-08-2008, 08:52 AM
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Location: Greater London
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Unhappy Any base or support ?
Where is the next stop for the bus ? Seems to be she likes to bite on the support but where is it for now ? 213.00 gave way and 212.00 as well now 211.00 is about to be cracked. I'm buying every 100 pips but anyway if she sinks down to the bottom (209.00 for the begining) I'm done and dusted
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  #2242 (permalink)  
Old 08-08-2008, 10:06 AM
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Default Dollar Strength?!
I know, I know... I should be shot but I went and picked up another chick... I bought into GBP/USD a couple days ago thinking she was getting heavy. She has YET to do any kind of retrace..... Where is the dollar getting it's strength?! Am I living in the same country as everybody else here cause I definitely don't see it....
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  #2243 (permalink)  
Old 08-08-2008, 10:40 AM
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Question Waiting for a retracement.
Quote:
Originally Posted by HAUGHT007 View Post
I know, I know... I should be shot but I went and picked up another chick... I bought into GBP/USD a couple days ago thinking she was getting heavy. She has YET to do any kind of retrace..... Where is the dollar getting it's strength?! Am I living in the same country as everybody else here cause I definitely don't see it....
I think (correct me as I can be entirely wrong). Cable weakness has its solid base-falling economy, rising inflation, falling house prices (they just started) I can understand it.
As far as the greenback - saving Fannie's and saving a few big banks will cause Fed printers running 7/24 to supply some paper. Then inflation may come up to double digit so current price action is probably a sort of discount of this event (as markets like to do in advance), I think.
Anyway anybody knows where HER BUS gonna stop before the weekend ?

P.S. Maybe when the big bosses gonna come back from their binge holiday they would slap youngsters for what they've done and we may see some retracement. This crazy price action is driving me nuts as I only managed to pick up some EJ at the end.
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  #2244 (permalink)  
Old 08-11-2008, 01:52 AM
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Default
I guess I will have to be the one to get this week started over here.

Where are you guys at? No close at 215.
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  #2245 (permalink)  
Old 08-11-2008, 03:28 AM
 

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so are you guys buying at this level (210.90) ?

It's cheap eh?
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  #2246 (permalink)  
Old 08-11-2008, 09:18 AM
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Default I would be buying at this level
Not too many too high though. Certainly it is a good value here.
GU hit bottom and is heading back up. UJ is still sailing. ANd JPY is still strong as it is retracing on UJ slightly.

But LT GJ has to be heading back up. THis dollar buying frnzy is almost over.
Who in their right mind is buying dollars which yield only 2%?!?!
Unless of course they are selling yen (.5%), and trading it for USD. Otherwise OIl and gold are heading back up here soon with a mad fury.

The USD cannot sustain this level as its pedestal is missing a leg.

When the real traders come in today, the USD WILL absolutely retrace before the week end.

Don't fall prey to the illusion of a sinking GJ LT. THe NJ hit a new low BELOW MARCH 17ths! I have TMTH of course and couldnt buy anymore at that level .

All my margin is tied up. and I am at 11.5% which gives me an uneasy feeling for sure. I can last a low into the 75.XX but I doubt we can get there.

GJ impressively ran down into high 209's but she is on the way back up.
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  #2247 (permalink)  
Old 08-11-2008, 02:37 PM
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Default She IS moving
There were a few hours there where she moved almost 100 pips.
The key IS and always has been scalping in range. DIfferent levels have held as ST support. Now 210.50 seems to be support. Only once did we drop below that. Things dont look so promising to the top side ATM.
GC seems to be riding high while GU is still in the dumps. Only reason the dolalr is riding is high is because oil is down. Do not be deceived oil will not keep going down causing the dollar to go up. I am deep in drawdown in NJ,
but in the long run I favor NZD over USD anytime and in the mean time I will earn interest. NJ is suffering due to a strong dolalr kicking NZD hard. And USD is kicking JPY hard so hence NJ suffers harder.
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  #2248 (permalink)  
Old 08-11-2008, 06:34 PM
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Uh oh... Someone must have tipped off **** Cheney on how much oil is in Siberia. Now every redneck from Charleston to Jacksonville has loaded up the pickup with all their shotguns and looking for those damn commies.
Last edited by mytwopips; 08-11-2008 at 06:36 PM.
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  #2249 (permalink)  
Old 08-11-2008, 06:35 PM
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Ha ha Lets try Richard Cheney.
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  #2250 (permalink)  
Old 08-11-2008, 06:41 PM
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I got the drawdown, margin all tied up, got in too early, no good, low down blues right now.
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