Disliked{quote} Hmmm... not quite agree with you buddy... I mean about going LONG. You probably have noticed very low liquidity on each currency pair. Most of "Big Boys" have already been out enjoying Xmas. Without them we'll probably go sideways bouncing up and down in a shallow 150 pips range. Now it's mid-size and retail traders creating the movements so this is why we have this rollercoaster today. Now, if someone is targeting quick 30-100 pips LONG this seems to be a pretty good opportunity with reasonable SL. I don't think this Xmas market could push...Ignored
First of all...if you are going to respond read what I said. YES END OF YEAR THIN market i agree. I didn't say the move is happening this month did I? LONG TERM ITS DOWN AND WILL BE DOWN FOR A LONG TIME! LONGING IT IS STUPID....when YOU HAVE MANY OTHER PAIRS providing much better RISK VERSUS REWARD opportunity.
Edit: Then again...people who trade peanuts are okay with their below average profit/if any at all.