"When you realize that of the potential $100 billion to spend, 22% of that has to be provided by Italy and their lending to Spain is at 3% but Italy has to borrow at 6%. They have to lend to Spain $22bn at 3% – it is just madness. Everybody is getting worried again. The solution that they seem to have come up with seems to be worse than the problem in the first place"
Good trades so far and looks like better days ahead - realism is the key to trading the markets. Important to understand that in the end individual views that do not reflect the underlying sentiment will not prosper. Discovering that sentiment however (and in time enough to profit) requires an open minded understanding of how the market works. Especially, accepting that there is no right or wrong about the market. Shaking a loss off and moving on to the next trade with an open mind (i.e. not forgetting lessons learnt by incorporating the needed flexibility into whatever one's model of the market is). Best of the trades to all.
BTW: It is established that following a rise is a fall - we just got to time that next move now - and there need not be a reason or any implication that the trend has changed (it may be a small or large correction and if the trend persists why not shorts can still find profit in going long and if a reversal then profit is the other way).
last month EURUSD rallies are based only on stupid rumors, or days without data ... markets are manipulated, nothing more ... stay out of the market.
Or you can admit your opinion doesn't matter and just trade the charts(which said go long)! Heck, I have been saying for a couple weeks to BUY THE DIPS!!!! Of course Pip Tracker was blind to it too...so I can see how it would happen to you as well.