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- fxpipper replied Feb 4, 2010
Yeah I know you're live...I meant you should have learned at least some technical analysis before you went live. You seem to love the news...sounds like you were drawn into Forex by the allure of quick gains via newstrading. If that's the case then ...
EURUSD
- fxpipper replied Feb 4, 2010
Technicals are (imo) the first thing you should learn before going live. Fibonacci retracement is very useful. I learned watching the video tutorials at learningmarkets.com, which I consider one of the best sites on the net for learning and market ...
EURUSD
- fxpipper replied Feb 4, 2010
I see a bear-flag on the 5 min chart...hmm. I also hear Gordon Gekko whispering in my ear "greed is good"...
EURUSD
- fxpipper replied Feb 4, 2010
Wow! That was the quickest 31 pips I ever made. In at 3703, out at 3672 or so... Now I feel a little better for missing out on the big action earlier.

EURUSD
- fxpipper replied Feb 4, 2010
I've observed that the USD/JPY moves similar to the EUR/USD most of the time. The stronger the USD gets against the EUR the stronger the JPY gets against the USD. The rationale I've heard is that the Yen benefits from the Euro's decline the same way ...
EURUSD
- fxpipper replied Feb 4, 2010
Ok I understood that about oil's relationship to the USD. Didn't know it affected gold like that as well.
EURUSD
- fxpipper replied Feb 4, 2010
Can someone explain to me the relationship between the USD and gold, oil, and the Dow? I don't understand it.
EURUSD
- fxpipper replied Feb 4, 2010
And some people pissed off that they didn't participate...like me. But oh well, I'm not one to chase the market...I'll wait for it to stop...assuming it will before the 3600s.
EURUSD
- fxpipper replied Feb 4, 2010
Only a negative red NFP can save the EUR...either that or if OPEC switches to the Euro (haven't heard anything about that proposal in a while so I wonder if it's even on the table).
EURUSD
- fxpipper replied Feb 3, 2010
If I may offer an opinion...I'm not an expert trader yet, but based on my observations and what I've learned, what happened with you is a case of slippage. Slippage occurs when there's no one available to take the trade against you, and so you get ...
EURUSD
- fxpipper replied Feb 3, 2010
Heh, yeah I know...and I don't typically do that, but I wasn't leveraged very much throughout the trade (only minis) and there was a strong downside bias and all technicals pointed to it continuing downward and breaking 3940. I also noted that the ...
EURUSD
- fxpipper replied Feb 3, 2010
Good day today...after experiencing some annoying drawdown last week, it was definitely welcome. Had three short positions running yesterday - all three in the red (blood red when it hit 1.4025) but as expected it came around and I got out at 3915. ...
EURUSD
- fxpipper replied Feb 3, 2010
I believe 1.38 (or so) is the 50% Fibonacci retracement level...so I expect extremely solid support there. It's a great place to start going long.
EURUSD
- fxpipper replied Feb 2, 2010
Yup...short all day, and all day in the red. Waiting for it to drop about 30 pips to finally hit my TP. I was getting excited a few hours ago when it finally started moving, but seems to have slowed down to a snail's pace. At this rate I wonder if ...
EURUSD
- fxpipper replied Feb 1, 2010
Why does the AUD news affect all currencies? I'm seeing spikes everywhere. Never see that with a CAD report.
EURUSD
- fxpipper replied Feb 1, 2010
I was thinking of going long when seeing that spike develop moments before the release. Thank god I didn't...
AUD/USD
- fxpipper replied Feb 1, 2010
How big do we estimate the spike to be at 10:30? 70-80 pips? More?
AUD/USD