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paul1 replied Apr 14, 2011Treat each session on its own merits buddy in 10 minutes you will see what europe wants to do ,they could move 100 pips in either direction,amercans at 2:30 london can move 100 pips eiither way. Prepare for 300 pip move deduct retraces ,in one ...
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paul1 replied Apr 14, 2011At the moment sell anything that can't break 4520 with stop couple pips above
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paul1 replied Apr 14, 2011There is a lot of buying being absorbed currently at 4510. if we pop 4520 then great but until then looks like big size at 4510/20 to overcome. I personally see fundies as bullish ,but if some big order needs filling we will just keep retracing down ...
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paul1 replied Apr 13, 2011A simple way to look at the effects of oil on our pair . Just for example, consider actual oil doesnt alter in value . But due to other forces dollar gets weaker . It takes more dollars to buy tanker of oil. most oil transactions traded in dollar . ...
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paul1 replied Apr 13, 2011Am sure you have your reasons but please save some pips and enter when it at least breaks cuurent range ,currently pushing lower america wil be fully online in 40 minutes ,let them decide ,I'am nearly sure it goes counter trend for about an hour ...
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paul1 replied Apr 13, 2011Looks like they are repositioning ,lots of large clusters being traded ,Just need to know which way they will break , Just play 80/20 till one breaks and stays broke lol.
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paul1 replied Apr 13, 2011lybians have reportedly said they want to sell as much oil as possible ,saudi cut production through lack of demand ,goldman advice there clients to take profits ,all this could lead to strenth in dollar watch for break $105/barrel and we could head ...
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paul1 replied Apr 12, 2011they adviced clients to take profits and published the reports ,the rumours are that they closed positions on cotton,oil,copper and couple others previous to its release . Not sure how they know but tats what was reported
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paul1 replied Apr 12, 2011The only thing changed on oil today , goldman exited some long positions and shortly after released some figures to show the demand for oil ,I think it said jan,feb ,had seen a decline. Coupled with some comments from saudi and a un-named ...
EURUSD
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paul1 replied Apr 12, 2011I saw lot of activity fought over 4450/60 ,but it pushed up through the 60 an i got out. OIls not been below $105 ,personally i feel it a pivotal point of interest ,will monitor for break below. If it does possibly range 4250/4500 area with interest ...
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paul1 replied Apr 12, 2011I see stops placed below 4450/4430 and finally 4380 the bigger ones .If these can be triggered ride the retrace. 4350 to 4250 target areas to test.
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paul1 replied Apr 12, 2011Oil broke $106 ,I use oil as a leading indicator ,nothing changed on interest rate front but you can't ignor $5 drop in oil and unless it recovers ,for it not to send us down as it tends to stregthen dollar . Will monitor oil closely for a move ...
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paul1 replied Apr 12, 2011I see us hitting 4400 and perhaps more if it continues as it is already at $106
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paul1 replied Apr 12, 2011If i understand you correctly price will tank on fear of less demand and they cut production to keep it high. Based on this you see limited downside?
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paul1 replied Apr 12, 2011At pit open saudi say they going to increase production ,but few minutes later a source report they cut 500k bpd . current price action support the initial increase in production saudi comment
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paul1 replied Apr 12, 2011Ransqwuak says increasing supply which seems to tally with the reaction are you sure its reducing as this should push it up .?
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paul1 replied Apr 12, 2011Saudi say they gonna increase oil production ,oil has lost $2 already at $108 ,could ease pressure on dollar and we could see a retrace in american session. If we break below 4480 could be further downside for this session .
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paul1 replied Apr 12, 2011It is highly probable that we will pass through 1.4500 3 to 5 times before we head for 4600 or 4400 .Purely from my observations at the "00" numbers. selling 20/30 above, buying 80/90 below works well sometimes for extended periods of time .
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paul1 replied Apr 12, 2011Even though the trend is bullish ,looks like again we have a failed attempt at 60/70 area ,although we did push through, it was short lived. But it wont hold forever maybe Americans can gives us a boost .
EURUSD