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- magictrader replied Sep 17, 2008
But technicals and magic lines still works
. Fast short and now free evening.EURUSD
- magictrader replied Sep 16, 2008
Trading nowadays is very risky because of bigger volatility. Wait when market back to normal conditions for safetier entries.
USD/JPY Discussion
- magictrader replied Sep 16, 2008
FED Funds Futures bet on 50bp cut, so market was prepared for cut so Yen gaining. Now when there was no cut they cover their short positions.
USD/JPY Discussion
- magictrader replied Sep 16, 2008
Channel still holding, for confirmation on next move I'll wait for breakout of that "triangle". If up then possible channels are marked by dotted lines.
USD/JPY Discussion
- magictrader replied Sep 16, 2008
This reactions should be in normal conditions, but in crisis conditions could be different
. 4 minutes...EURUSD
- magictrader replied Sep 16, 2008
The same channel still in play. Maybe many lines but that was nice short from top of the channel to the bottom
.EURUSD
- magictrader replied Sep 16, 2008
Now price is trapped between few lines and also Fibo level from last swing high. No trade now until clean break and price should choose a channel for next movement.
EURUSD
- magictrader replied Sep 15, 2008
Nice retest of broken down trend line and now possible upward channel forming.
EURUSD
- magictrader replied Sep 15, 2008
It's not so complicated. As you can see oil is going down, stocks are going down, Yen is getting stronger and USD is getting stronger. So everybody sell what they have, pay Yen credits and keep cash in US Dollars and not re investing it because now ...
EURUSD
- magictrader replied Sep 15, 2008
I don't feel comfortable on the market when I see over 150 pips moves on EURUSD in one hour. This is very strange to me.
EURUSD
- magictrader replied Sep 15, 2008
At this time it doesn't look like trading it's just gambling.
EURUSD
- magictrader replied Sep 14, 2008
Now is some strange time for the markets, pairs decorrelations, big volatility, so this is not so predictible market now. It should calm down, because now we're in the middle of hurricane.
EURUSD
- magictrader replied Sep 14, 2008
It looks like in 2005, some kind of double top, then big drop, retracement, next drop and run up. Crisis in USA is just starting and will be bigger...
EURUSD