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cabletrader, give it a rest - you are snipping and juxtaposing my views. They are consistent - and I have explained them several times, so unless you want to turn this thread into a bash contest - give it a rest already. I don't know how you are trading just now - if it's simply gambling or...

Just like I said ... 120 is nothing, and all that "Fibo-talk" is just trying to fit a mental distortion on what is happening. That is why we easily are seeing 117. To understand markets just now - they are "mechanical" as well as "over-noisy" because of the scarcity and lack of perspective...

Who cares if homosexuals get the rights to marry and live together --- sometimes they are "different on the inside." As for Albert Einstein and others marrying or humping their close relatives - I think there are many strong reasons for NOT allowing incest. There are genetic, social and...

Reaver, my over-levering has also been "mishaps", but I do double and triple good scalps when they confirm my setup. Just now I am halving my normal scalping sizes - because I don't want to see any bad drawdowns and I am not doubling/adding to scalps. Won't venture into longer term trades...

Hehe, I have made €250k from scalping since October 6... so it's not like I can't trade, or haven't been doing ok. But that huge €100k drawdown for me was a real wakeup call - when I tripled the scalp, so sure was I that I had it right - and then the market reversed on me. I can excuse...

cabletrader, I am aware of the current effects and mechanisms playing into the currencies. I am not taking part just now - because it is simply too risky. I did buy into a small bounce - but that was because the setup was there for me. Otherwise - going against what I think is the...

LOL, I am glad I am sitting mostly away from the computer right now - watching more news and acting little... Today is absolute capitulation day. Next week will have some volatility - but this is just pure mayhem into the weekend. Purging everything it seems. Some will be a little late next...

Excellent situation summary from Hans Günther Redeker at BNP Paribas Global FX strategy just now on Bloomberg UK news. He said that the deleveraging process happening now forces a 2:1 buy of EUR vs USD, and that the Yen also favours from Japanese hedging on the Yen, where the steepening...

For anyone interested in diplomacy and negotiation techniques - just try and understand what is really happening now - the big picture... Take Martti Ahtisaari as an example... He met with the Russians before meeting with Milosevich, so there was really a done deal before they met. Now...

Lost my Internet connection here again (twice even)... But I was writing a post saying I really, really want to go long for longer term here on 121 EURJPY - now it's 70 pips lower at 120.30 ... but the risk aversion is getting the better of me. I did have a -500pips stop there - but since these...

For the EURJPY - everyone seems to be eyeing the 120 and talking about 119.85 as the Fibonacci projection target. Well, maybe that "makes sense" to some. Real resistance noted on 123 and 125 for the EURJPY, but my guess is they will be no match for a retrace if a bottom first forms on the...

Wow, got really lucky here on the EURJPY... I put in a scalp with a tight stop from around the bottom when it started retracing back over 122. ... and then my Internet blacked out a little, for 10 minutes. Luckily it was tight stops (-20pips) and tight target (35pips) - so I got the retrace...

This is just completely... well, I don't know really - it is terrible, I guess. The ramifications will be enormous - for many years. Seeing the strong Japanese repatriation - on the back of the US repatriation and emerging market corporations hoarding USD to offset their own weakening...

Yen strikes 13-year high vs dollar on global gloom Fri 24 Oct 2008 02:51:00 AM BRT TOKYO, Oct 24 (Reuters) - The yen hit a 13-year peak against the dollar and a six-year high versus the euro on Friday as fears of a deep global economic recession and emerging market troubles prompted many...

Asian sessions have been complete murder this week. These new lows, then with huge retraces - and all the volatility in between, they are not making it possible to discern any resistance or support. Markets are illiquid as well as being seemingly totally unpredictable. It may be a...

Wow... EURJPY is down 500pips now, after the 400pips up... talk about madness... Doesn't seem like there is any comfort in the markets yet after all. :)

http://news.bbc.co.uk/2/hi/americas/7687837.stm Yeah! There is some justice after all - Bloomberg is allowed to run for a new term. Make exceptions and throw away the laws, a new "democratic justice" is coming to town... :D The billionaire businessman had asked for the law to be...

It seems to the brainwashed crowd here - unless the US is there to police and "protect it" - the world will be chaos and hell. Hahahaha... http://en.wikipedia.org/wiki/Operation_Gladio http://en.wikipedia.org/wiki/The_Geographical_Pivot_of_History...

Gord, you obviously have been eating your indoctrination rations.

EURJPY moved 400 pips upwards today through the end of US RTH - and it is starting to seem like things might loosen up a little for the next sessions. Lets see how this Asian session goes...