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FXfreak
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Postby FXfreak » Tue Mar 15, 2011 7:43 am

i have a question to all fundamental-traders: i read that the sharp drop in the asia-session was a result of japans current situation.

but why? shouldn't the euro-zone and usa be influenced in the same way? i thought only the yen-crosses would be influenced heavily. but why seems the euro to be weaker than the dollar in this situation?

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scratty
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Postby scratty » Tue Mar 15, 2011 8:30 am

not a fundamental... just write what i think:

- dollar is strong because of the oil price coming down (also against Euro)
- Oil is coming down because a big oil consumer (japan) is needing much less oil bec. current situation...

other opinions?
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spa
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Postby spa » Tue Mar 15, 2011 8:51 am

read somewhere a theory that because nuclear plants will be stopped/repaired/ etc Japan will have to import more oil to cover the reconstruction effort

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ajaymein
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Postby ajaymein » Tue Mar 15, 2011 9:13 am

Woke up...in and out a quick +20

Image

Man...I went to sleep early in the asian session yesterday and missed a hell of a lot of good action!!!

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newscalper
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Postby newscalper » Tue Mar 15, 2011 9:18 am

spa wrote:read somewhere a theory that because nuclear plants will be stopped/repaired/ etc Japan will have to import more oil to cover the reconstruction effort


They're also going to need electricity from elsewhere so there'll be increased demand in other areas too.

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ajaymein
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Postby ajaymein » Tue Mar 15, 2011 9:22 am

ajaymein wrote:Woke up...in and out a quick +20

Image

Man...I went to sleep early in the asian session yesterday and missed a hell of a lot of good action!!!


Could have went back to sleep and been done for the day had I stayed in an extra 5 minutes. :roll:

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scratty
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Postby scratty » Tue Mar 15, 2011 9:33 am

In this theory i think reconstuction oil demand will be less than running the 3rd biggest economy of the world oil demand (a lot of productions are on hold)

spa wrote:read somewhere a theory that because nuclear plants will be stopped/repaired/ etc Japan will have to import more oil to cover the reconstruction effort
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scratty
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Postby scratty » Tue Mar 15, 2011 9:34 am

went out of this one much too early too...

ajaymein wrote:
ajaymein wrote:Woke up...in and out a quick +20

Image

Man...I went to sleep early in the asian session yesterday and missed a hell of a lot of good action!!!


Could have went back to sleep and been done for the day had I stayed in an extra 5 minutes. :roll:
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cwn6161
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Postby cwn6161 » Tue Mar 15, 2011 10:05 am

Out of my usdcad trade for +160 pips, and out of my eurusd trade for +110. No reason not to exit after that momo.

I almost shorted GU the same time as EU last night, but I thought it would be too risky to be sided so much towards the dollar. That was pretty dumb - if I see a move I should take it!!

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newscalper
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Postby newscalper » Tue Mar 15, 2011 10:08 am

Crazy day. 3 times the average range. Take profit, hold for more. Gaaahhh :D
I know it will come back down. Just this 3 bar thing is throwing me off on exits. If I was trading normally I'd say it's in a supply zone now and think about cutting, I mean 170 pips off a 10 pip stop is not to be sneezed at, don't want to give too much back yeah? :D What a to do?? :lol:

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