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Conversation Between brad_1199 and tank

Conversation Between brad_1199 and tank

Showing Visitor Messages 1 to 7 of 7

10-23-2008 05:28 PM
tank

Btw Brad, could you draw your analysis out another week.

Do you think (given the price action) that the JPY may in fact reach 102-3 next week rather than this friday? Coinciding with the Fed rate cuts.
10-22-2008 11:48 PM
brad_1199

The DOW is highly correlated to USDJPY so I think your point of view sounds pretty good to me ;)
10-22-2008 10:50 PM
tank

Hi Brad, regarding the YEN movements that you expect to rally into the weekend...

With most all currencies at present, do you agree it's largely dominated by equity market moves at present? If so, that means you expect a sharp DOW rally into next week and a collapse thereafter?
10-17-2008 10:26 PM
brad_1199

Tank .. Holding long AUDUSD is basically taking a gamble at the moment since the short term wave patterns indicate if there is an up move to come in that pair then it will be part of a larger corrective structure, which makes it very hard to call for sure. Maybe it will rally, maybe it won't.. This one luck will play a roll in...
10-17-2008 07:20 PM
tank

Brad, what do you think of long AUD/USD (or any commodity pair) into the weekend?

I already have a sizeable position but looking to hold one into late next week. Target about 0.72+ (from weekly/daily charts)

I think the DOW will close strong into the weekend given the oversold status currently and options expiry.
10-16-2008 09:38 PM
brad_1199

I track the 22 pairs available on the free powercharts provided by FXCM. Usually I can always find a decent trade within those 22 pairs somewhere... Which usually puts me in the money at will :) I know the forex market very well, and I know my candle signals very well which helps a lot. Anything I find to be of use I share in the forums. Only a few make it to the top trading, I'd like to see that number increase ;)

I don't sit around all day drawing charts.. lol I actually do other things besides trading as well, but forex is my passion.
10-16-2008 11:47 AM
tank

Great pickup on the GBP/CHF especially on long duration.. (1 hour as compared to 15mins etc - definitely prefer long duration ones .. less noise)

Just out of curiosity. How many pairs do you keep track of? Do you basically flick through every pair and draw charts all day long?

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