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11/16..Are you ready for some Forex!!!!!!!!!

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Prospect
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Posted: #76
NZD news out at 3:25     bigger deficits   sending it lower across the board    imagine that
 
Covers Linesmen
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Posted: #77
On a 1 hr chart or 4?

On a 4 it almost completely retraced the move from 83.5 to 86.6


 
Prospect
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Posted: #78
Buc
 
    Saw that too    good call  might be something to those retraces
 
    NZD news was worth 100 pips in an hour     easy money there
selling short on that annoucement.     
 
Covers Linesmen
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Posted: #79
That news came out earlier, I didnt see a big move initially but it sure came on a little bit afterwords.

Something made the lb/yen drop 100 pips off the 1 minute chart, it just cratered.  
 
Covers Linesmen
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Posted: #80
Bot a second Lb contract at 144.33 so my average is 144.84


 
Captain
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Posted: #81
RSI bottom on EUR/GBP....cross of DMI coming im buying 2 lots
 
Captain
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Posted: #82
my wife got some NIN tickets so im not gonna be in until later but my brother will be watching our trade...........see you 2night
 
Covers Linesmen
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Posted: #83
Enjoy the concert..

Trent is a great entertainer.

 
Veteran
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Posted: #84
whats up gents, just got in for the night.  looks like you had a good day wall
 
 
 
Veteran
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Posted: #85
nice buck, i was gonna see them last week or so when they came around boston, but as usual i was too lazy to arrange everything in time
 
Covers Linesmen
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Posted: #86
pretty brutal, I had an order in to sell 2 lb/yen at 145.12 and they take it to within 1 pip and reverse it, 65 pip reversal in 10 minutes.


 
Veteran
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Posted: #87
damn that was fast, and still going down
 
Covers Linesmen
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Posted: #88
Yeah they ran it up after selling it off and the sucker went to 144, bounced and is moving higher again.

That selloff was a straight knife down.
 
Covers Linesmen
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Posted: #89
This is hilarious, another wiff of the price and they sell it off 40 pips.


 
Veteran
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Posted: #90
I'm confused after reading some of this.  What is a contract?  How much is a contract?  Does it vary from pair to pair?
 
Veteran
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Posted: #91
not much for the couple pairs i have been looking around at.... all going +/- 10 pips.
 
 
jaxwhitey, a contract is the purchase or selling of a pair.  you buy them in 'lots' which is $100,000 dollars of the currency.  from what i can see you can buy/sell up to 25 lots per contract
 
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Posted: #92
Thanks popinjay


 
Veteran
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Posted: #93
Sorry to keep interrupting, I have no interest in the game tonight so I am doing some learning in here.

Would the EUR/CHF be close to a buy at this point?
 
Veteran
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Posted: #94
not from what i can see.... but im just learning though, could be wrong!
 
 
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Posted: #95
I guess not since it just made a new low 
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