Disliked{quote} Didnt you have wrong positions before the euro fall? So what did you see?Ignored
But I saw a great sell off, I suppose.
5 min chart is attached.
Best,
D.P.
Attached Image
Hunting High and Low
Disliked{quote} Didnt you have wrong positions before the euro fall? So what did you see?Ignored
Disliked{quote} No, I did not. I did not trade on Friday. But I saw a great sell off, I suppose. 5 min chart is attached. Best, D.P. {image}Ignored
Disliked{quote} I thought you were longing the euro but might be mistakenIgnored
Disliked{quote} Marianne, My trading desicions are intraday only. So one day I am long, another day I am short. Best, D.P.Ignored
Disliked{quote}you wrote: P.S. We seem to be going to the 1,16 price area.Ignored
Disliked{quote} Yes, you are right. It was. I was thinking it would be. But you see we were all dropped down. My trades are short-time. So they are closed at a day end. if I were at a long position, I would have a loss by the moment of the sell off. D.P.Ignored
Disliked{quote} My point is that one does not see on beforehand the direction by looking at Charts and also not how much it will drop. One keep buying for the big fishes feeding them with food because noone expected it to drop that much. The euro positive will buy and buy feeding the fishes crossing new support levels. It is not easy what you see because one doesnt seeIgnored
Disliked{quote} I have been trading forex for many years 20 years why should I trade commodities? There are different ways to trade forex and to earn money.I always follow tecnical advices from my bank and stick to the direction I belive in. That doesnt mean I stick to my positions all the time. I sell and stay out of the market when I am uncertain. I stayed out of the market for a long perod when euro climbed up from 1,046 to 1,1 It is no right og wrong way to play this game. In my opnion it is the fudamentals that succes best. Forex is also a zero game....Ignored
Disliked{quote} Do we change the next minute from long to short? I think that is very diffecult. WE have a short mind and a long mind. Eighter we belive it is going up or vi belive it will go down. I can see very clearly on this forum who is short thinking and who is long thinking. It is the same people that is long now that was long thinking at 1,36Ignored
Disliked{quote} Do we change the next minute from long to short? I think that is very diffecult. WE have a short mind and a long mind. Eighter we belive it is going up or vi belive it will go down. I can see very clearly on this forum who is short thinking and who is long thinking. It is the same people that is long now that was long thinking at 1,36Ignored
Disliked{quote} When we are loosing money we stick to our mind that we will earn the loss back and keep buying and buying against the market. This is what the big fishes speculate in that there are buyers there so they can get their money. There is no rational decision and their computeres are just that this will happend. I think it is very diffecult to change the human mind from long to short from one minute to another.Ignored
Disliked{quote} When we are loosing money we stick to our mind that we will earn the loss back and keep buying and buying against the market. This is what the big fishes speculate in that there are buyers there so they can get their money. There is no rational decision and their computeres are just that this will happend. I think it is very diffecult to change the human mind from long to short from one minute to another.Ignored
Disliked{quote} My point is that one does not see on beforehand the direction by looking at Charts and also not how much it will drop. One keep buying for the big fishes feeding them with food because noone expected it to drop that much. The euro positive will buy and buy feeding the fishes crossing new support levels. It is not easy what you see because one doesnt seeIgnored
Disliked{quote} Oh, Marianne, how you are right. Of course, globally we can not predict anything at markets. But once impulse has happened, we can assume that price might go the way it has choosen by impulse. Then we can estimate a theoretical probability of a chance the price goes to the price level assumed. And even if we are going the way following the price, we can be always prepared to the "shit happens" chance right the next minute. Best, D.P.Ignored
Disliked{quote} Yes, we can. And Yes, it is difficult. Personally I am trying to think both ways at the same time. Sometimes it allows me to have profit, sometimes it gives me a loss. {quote} It depends on a timeframe the trader trades. The short-term positions last for no more than 2-3 hours. But the long-term positions last for months. So those who bought at the lower prices would be waiting for the 1,36 level even if the price drops lower their price they previously entered. So who is right? the answer is BOTH. {quote} In the short-term trade you might...Ignored
DislikedWhat Mario said one year ago whatever it takes was abouth fudamentals. He made a safety wall againt Greece for bailout for the whole eurosone.This was a very important step which made the interest rate decline very sharply. The loan rates for some countries in the eurosone were so high that they were not avaiable to pay their loans. This made the stock market go up and the safety for the euro grew stronger.The problems for the eurosone continied because the euro was too strong to compete With other markets.Thats why the euro had to come down. I...Ignored
Disliked{quote} Yes, but the rate declines in Eurozone were not because of a fundamental step of Mario, it was because of the psychology "The big fishes must be wrong about turing point due to the high volume of the big fishes" No, it seems, that they are simply running their strategy till they hit the wall. Than it takes some time until they have figured out the new direction and to position anew. The problem for them is: they constantly run into the wall with the biggest position. Now they have the hard work of unwinding it discretely in order...Ignored
Disliked{quote} Now they have the hard work of unwinding it discretely in order to not cause a panic reaction which would lead to prices moving very fast against them. BTW: some studies found out, that some of the biggest fishes in the market in some markets have very good ability to predict price turning points. This leads me to the question: are this the addresses, who get illegal insider information ?Ignored
Disliked{quote} BTW: some studies found out, that some of the biggest fishes in the market in some markets have very good ability to predict price turning points. This leads me to the question: are this the addresses, who get illegal insider information ?Ignored
DislikedFinancial myths and Socionomics Read more at: http://ewminteractive.com/financial-myths-and-socionomics/ | EWM InteractiveIgnored
DislikedWhat Mario said one year ago whatever it takes was abouth fudamentals. He made a safety wall againt Greece for bailout for the whole eurosone.This was a very important step which made the interest rate decline very sharply. The loan rates for some countries in the eurosone were so high that they were not avaiable to pay their loans. This made the stock market go up and the safety for the euro grew stronger.The problems for the eurosone continied because the euro was too strong to compete With other markets.Thats why the euro had to come down. I...Ignored