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- DePastino replied Oct 27, 2006
Well, there's been a nice 35 pips or so retrace in the last hour on the GBP/USD.
- DePastino replied Oct 6, 2006
Which is why I didn't. Lesson learned. I'll just mentally debit today towards the $3-5k in forex courses that I never took. It could have been a LOT worse than it was.
- DePastino replied Oct 6, 2006
I am absolutely crying right now over lost opportunity and uncertainty about my methods. My system broke down on me today and then I allowed emotion to take over. My impulse is to get right back on the horse, but I don't trust myself. Arrrggghhh...I ...
- DePastino replied Oct 6, 2006
That's what I should've done too. But I compounded my itchy trigger finger with numb inaction afterwards. For the record, I don't hold FF responsible for the screwed up previous - they're just reporting what they get from their sources. Anyone ...
- DePastino replied Oct 6, 2006
Well, this one hurts. I'm kicking myself because I actually shorted the pound and then got out after it spiked up...only to see it drop for what would have been 120+ pips. I'm in anguish right now and I'm a non-drinker. Tough lesson today. Tough ...
- DePastino replied Oct 6, 2006
Thanks for taking the time to post this. But it just seems as though something has been manipulated today.
- DePastino replied Oct 6, 2006
No doubt. But it's not the whipsaw that bothers me so much as the "revision" that caused all this in the first place. The brokers are lighting their cigars with rolled-up c notes this morning.
- DePastino replied Oct 6, 2006
How'd you fare today AP?
- DePastino replied Oct 6, 2006
This sounds like collusion to me. I love the spinning top last 30 min session. LOL, noone knows what to do. Congrats to all who profited from this disaster.
- DePastino replied Oct 6, 2006
Raw carnage. I lost about half my gains for the past month.
- DePastino replied Oct 6, 2006
What is going on? Why is the EUR dropping??? Wow...this is my first official really bad day. I got smacked down.
- DePastino replied Oct 5, 2006
Ahhh... The wording was slightly abiguous. Still, when they're talking about a drop to 2340, that's pretty dramatic. Thanks for clarifying.
- DePastino replied Oct 5, 2006
Thanks FXopp, though I'm still not sure about the logic. Weaker economy = stronger currency I begin to see why the failure rate for forex traders is so high.
- DePastino replied Oct 5, 2006
This doesn't make sense to me. How could a weakening U.S. economy STRENGTHEN the USD versus the EURO? Am I missing something?
- DePastino replied Oct 5, 2006
Well, I've a feeling that no matter how well thought out your entries are, stuff like this is still going to happen in this biz. But that doesn't mean that I don't want to hear the logic behind shorting the pair before the rate increase announcement. ...
- DePastino replied Oct 5, 2006
Well, as I said, I had heard that the rate increase had already been accounted for in price action. I just anticipated a lateral move or 10-20 pip max dip at worst as a result of a stronger than expected unemployment number. I sure as heck didn't ...
- DePastino replied Oct 5, 2006
I'm sorry, but you're being a bit too ambiguous for me. I'm a little slow on the uptake. I thought perhaps that the EUR/USD would retrace back to 2800 and beyond before coming back to Earth. I came to this conclusion based on technical AND ...
- DePastino replied Oct 5, 2006
Well, if the NFP tomorrow is better than expected, the drop might continue. If it's worse though, might we expect a EUR rally?
- DePastino replied Oct 5, 2006
Correlated sure. But the GBP dropped farther and faster. I didn't see it coming, though I suppose some did. What was the thinking behind it though? Cable looked very strong on Monday morning, then seemed to hit a wall.
- DePastino replied Oct 5, 2006
May I ask what you expected? I had a EUR/USD long position open and was very surprised to say the least.