Dude, I'm going to start following your thread ...I've lost so much money this year, I need to make up ground and yours is the soundest analysis I've seen in a while. Keep up the great work!!!

Extraordinary trading style by 5ysfx

There's a lot of EUR news in the early am. This pair may not make it

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Thanks!

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What is the significance of 4760?

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Some fib numbers of the past spike up (from 41.59) to 48.60 23% retracement: 1.47 38%: 1.46 50%: 1.45 Expecting 23% at least. Thoughts?

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Algirdas, on my charts I see the 4H RSI is pointing down, so are the other indiccagtors. Can you give me some idea of how you arrived at a TP of 49+?

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Oh you're too kind. I had this "senior member" title just slapped upon my name one fine morning. I have no damn clue what I'm talking about, I'm a newbie too! But Arvin, for what it's worth, DON't jump into a long position until you see if price ...

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Although this could very well just run much higher--to 49+

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You may be right, 4655 looks like a great TP at this time.

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Any ideas on where this puppy will retrace to? Not sure if she will follow the channel now all the way down to 43 since channel has been broken and USD getting crushed....

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You can't go word for word on what someone says. a RANGE is a good idea. You have to do your own dd. I shorted this from 4851

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I second that. Thanks Algirdas! I'm learning a lot from your posts.

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Looks like it! If $500 oil heads our way I'm moving to Iceland. I hear they like wind and solar there.

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LOL, that was a long ass article right!

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Interesting...from FORTUNE Here comes $500 oil If Matt Simmons is right, the recent drop in crude prices is an illusion - and oil could be headed for the stratosphere. He's just hoping we can prevent civilization from imploding. By Brian O'Keefe, ...

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Oil is a madman, but I doubt it will sustain rally. This is a SAFE haven bet for people panicking to get out of markets, into gold, NYMEX

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I know many of you use Oanda to trade oil and gold, but can you use VT Trader (this is what I use) to do the same?

Auslanco - GBP/JPY and GBP/USD (newstrade)

That was according to CNBC

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OIl is also soaring, up 9%

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On the longs? Or on the shorts (to come)?

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