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- CounterParty replied Aug 30, 2017
I don't think there's a clear edge in any new longs/shorts from this level now that 1.1900 has been hit. Probably settle into a boring 40 pip range now until NFP
- CounterParty replied Aug 30, 2017
1.2060... haha
- CounterParty replied Aug 30, 2017
I'm still short from 1.260 and 1.1972 - although I've put my trailing stop to 1.1932 now which looks like it'll be getting hit in a few minutes, then I'll leave it alone for a bit
- CounterParty replied Aug 30, 2017
People aren't good at predicting their own behaviour, let alone collective human behaviour
- CounterParty replied Aug 30, 2017
If you are immediately long again after getting stopped out for -20, why not just go in with a larger stop loss in the first place?
- CounterParty replied Aug 30, 2017
As expected, dealers take out the big figure in a quick spike
- CounterParty replied Aug 30, 2017
highly likely 1.1900 will be gunned now, then if there are to be lots of buyers, they will come in around 1.1880
- CounterParty replied Aug 30, 2017
You'll most likely be stopped out enroute to the big figure 1.1900. This is not a high odds trade
- CounterParty replied Aug 30, 2017
Serious pain for the bulls, after all those stops above 1.2 were gunned down yesterday, who else is left to buy?
- CounterParty replied Aug 29, 2017
short term bulls are dead. One minute any long makes sense, the next boom, you're counting losses. The only sure fire long trades were enroute to this big figure, now that it has hit, will the market really just let the publics longs pile on without ...
- CounterParty replied Aug 29, 2017
I've said it all day... market caught long and wrong. Take out all the stops above 1.2, get a big run, retail traders finally give up on the short side and acknowledge the uptrend, or say they won't touch it and maybe 1.4 soon etc... perfect time ...
- CounterParty replied Aug 29, 2017
Looks like big money sold on to the retail crowd rushing in with their euphoric buying earlier I reckon consolidation around 1.2 now, favouring a push lower tomorrow
- CounterParty replied Aug 29, 2017
All the stops? Big money stops aren't placed just below obvious attack levels like 1.2, it would have to go down to the low 19000's for that. Most likely this 1.2 run will entice the last round of late buyers to the party, before the real offloading ...
- CounterParty replied Aug 29, 2017
As expected, 1.2000 too irresistable for the dealers
- CounterParty replied Aug 29, 2017
stopped out -10?? - you can't have that kind of stop in this market, to do so is mis-understanding the market you are participating in... one to facilitate global trade... not purely speculative. A corporate order could come in at any time and move ...
- CounterParty replied Aug 29, 2017
I told ya... long and wrong today. Once Joe trader gets in on a trend, sets targets of 1.4000 and says every long entry makes sense, it's too late.
- CounterParty replied Aug 29, 2017
very high probability of 1.2000 being attacked now by dealers for any short term day traders
- CounterParty replied Aug 29, 2017
Probably a good trade. But i'd also short EUR/USD - Now that most traders like yourself are throwing in the towel on EUR/USD and finally noticed it's on a big uptrend, setting insane upward targets from here now... it's too late.. plus forex dealers ...
- CounterParty replied Aug 29, 2017
I think the market is about to be caught long and wrong
- CounterParty replied Aug 29, 2017
We're in the euphoria stage of the bull run now, where everyone now believes, finally, that the Euro is unstoppable going up... usually time for a good short