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  • Don't even think about trying to catch that falling knife right now

    From forexlive.com

    USDJPY smashed to 119.55, European stocks down around 4% across the board. Dangerous times folks as we get yet another bout of hitting the panic button. USDJPY gets another booting through 120.00 and pulls up 45 pips worse off. EURUSD runs through the barriers, orders and whatever else in the way to 1.1542 while GBPUSD hits 1.5749. European stocks are getting nailed again and that won't bode well for the US open. European stocks. At the moment there's no hiding places and even the swissy is now finding those safety flows. After running up to 1.0859 earlier we're now at the lows of 1.0769. Not a day to be brave and ... (full story)

60 Pips bounce??? any one has clue ?
see, it worked on euro.
thanks for the pips
Yeah, I could see the dark cloud circulating around €/$ 1.1500 and I knew when once broken, it will spike (SL-hunts, psychological figure etc, etc). So I decided to cancel my sell order to see what the market brings today.
well there are always big run ups and downs in the course of the trading week or month.....inducing panic
Quoting Ojiego
Yeah, I could see the dark cloud circulating around €/$ 1.1500 and I knew when once broken, it will spike (SL-hunts, psychological figure etc, etc). So I decided to cancel my sell order to see what the market brings today.
That spike could end up as only a skinny wick on the candle might start heading down to most predictions say it will........ 1.05 parity?? who knows
Every man and his dog had the stops above 1.1505, no-one on the other side means those stops all blew at once. Will be interesting to see how it goes from here.
buy usd all week gbp jpy must break max soon
Black Monday. Asia Fell Sharrr~~pppp today. US following.
May this Black Moday become my Happy Monday. Amen.
This is a GREAT BLACK MONDAY!

With a second lost account JUST today, don't trust this currency called "Euro"! It is a great bubble built on Greece!

Don't even think that your "senses" can help you trade well in these conditions!
When will this rout stop?
what is a rout pips? lol
after today. tomorrow will be quite.
Quoting gc44
what is a rout pips? lol
Ask Reuters and laugh all you can Bro! It reliefs to laugh
what happen with silver?
>>>>>>>>BULL<<<<<<<<<
Quoting PipsCrapper
Ask Reuters and laugh all you can Bro! It reliefs to laugh
It is not a good day, I still have to laugh though as market is crazy as usual.
will be glad if it is quite tomorrow.
Quoting iumoren
This is a GREAT BLACK MONDAY!

With a second lost account JUST today, don't trust this currency called "Euro"! It is a great bubble built on Greece!

Don't even think that your "senses" can help you trade well in these conditions!
I agree with you that EURO is a bullshit pair that is not working with technicals..The markets are total BS , doesnt have nothing to do with Greece. Thats just an excuse the market makers are using to screw traders. Look at NZD they have made their move today 14hrs before the inflation figures come out. They already know the data and have moved price before the news have come out. Forex has become a big circus nothing more. I would only trader AUDUSD sticks to the daily ranges
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notice how they word that there is a 700 POINT drop in futures......well when the DOW was at 6000 that was huge......
USDJPY Line Broken. GBPUSD Broken too. EURUSD following.
Going to be my Happy Monday. See ya guys later.
I don't understand why people keep trying to catch the reversal and ever again and again fall into the trap of MF.
perhaps my English is not perfect - but I know the Jungle
Watch the Euro guys! This movement is beyond us retail traders!
Still have my hedge. Thank goodness as I was about to TP at 1.1498! Luckily, I saw the SM,MM footprint then opted out just in time ....Uhhfff!
Quoting SickOfScam
I don't understand why people keep trying to catch the reversal and ever again and again fall into the trap of MF.
Hey there how can you trade these ridiculous markets. NZDJPY is being dumped on what grounds... inflation figures are forecasted 14hrs from now.. You better off putting 1k on red on the roulette wheel than trade these markets.
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I entered another trade 5 minutes ago for AUDJPY, aiming 83.
Almost more than 500 pips today. All TP triggered.
then comes 1000 pibs up for gbpjpy huge manipulation
1300 pips movement on GBPNZD!! I caught about 500 off the GBPAUD!! Wow!! Done.
MFs play with people ping-pong. Holding Range market within say + -300 pips and play High-Low-High-Low-High etc... and when they attract enough poor who would try to play the same game they turned into High-High-High-High ... until begin to ring Margin Call bells ! This is all the true about Forex, simply but works for years ....
Quoting liveforex888
Hey there how can you trade these ridiculous markets. NZDJPY is being dumped on what grounds... inflation figures are forecasted 14hrs from now.. You better off putting 1k on red on the roulette wheel than trade these markets.
perhaps my English is not perfect - but I know the Jungle
I switched to USDCAD Sell !
The knife just sliced my hand into pieces. I find myself laughing when I actually intended to cry. Am I still Ok? What a day.....to forget in a real hurry
Quoting PipsCrapper
The knife just sliced my hand into pieces. I find myself laughing when I actually intended to cry. Am I still Ok? What a day.....to forget in a real hurry
I was on call with the broker asking them WTF just happened. They sent me to this feed https://au.finance.yahoo.com/?p=finance.yahoo.com ... what a waste of time. Lucky i was out, these moves do not follow technicals..1000 pips moves in 5min candles is total BS. if you had stops i would of been wiped..
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Dont catch the falling knife?
For newbees OK.. but if you know what your doing theres no faster way or time to make money than now
Kind of made me feel sick today, bit like the Greece episode but in reverse. lol
Everything under control now.
Quoting cliffedwards
Dont catch the falling knife?
For newbees OK.. but if you know what your doing theres no faster way or time to make money than now
Threw the knife in the air and lost some fingers but grew some new ones. lol
So this is why my office is a ghost town... no one is here, probably at home puking.
Quoting PipsCrapper
The knife just sliced my hand into pieces. I find myself laughing when I actually intended to cry. Am I still Ok? What a day.....to forget in a real hurry
So... You crapped some pips?
This is FED move making ground for near future hike. Dollar were/is too strong for hikes.
The market will fall even harder tommorrow, it is just getting started
Quoting Hurst
The market will fall even harder tommorrow, it is just getting started
the fx market or stocks? looking for some insight
Quoting Charlzz
This is FED move making ground for near future hike. Dollar were/is too strong for hikes.
I can't agree less with you. i thought of this happening......so they can justify a hike in Sept.
If you know how to draw channel lines, you would notice the resistance is exactly at 1.17 on weekly channel. Yes it went there quick, but still there was no reason to short an uptrend. Now the question is can it break weekly channel? If it does then 1.20 is next. As it has already taken 200 pip correction today, it may go up again tomorrow and try to break channel resistance at 1.17
Quoting PipsCrapper
I can't agree less with you. i thought of this happening......so they can justify a hike in Sept.
i thought of that too , but couldnt find enteries with technicals , couldnt add more trade cause of MM , but im sure what happened wasnt just for the USD rate hike .


what has made me think alot is that Euro is going up ! thats not good , not to the poor countries there nor the Germany or france that export . ''

what happened in mins cant be linked to ppl or investors , if it happened in weeks or month or 2 , yup we could say things are going down , but the pace of the falls were too quick even for the forex traders to catch , now think of others .
what i suppose is that there were some chain reaction of big money moves,GoV money moves , we just need to figure their targets .....
Well today shall be interesting, will see how the day pans out.
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  • Posted: Aug 24, 2015 7:50am
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 41  /  Views: 13,777