There is a rumor that ECB is prepared to "guard" and "support"the euro ,... believe that after this intervention it will fall much more down as trading cat said.
Re: EurUsd short term 15 replies
NFP nice bump up on EURUSD 2 replies
DislikedWell, this happens from time to time
a) Majority was short on majors eu/gu and long on usd/chf
- Shorts taken out first (usd/chf sold, eur/chf bought), slowly crawling within good range to do this and eur/gbp was bought all day long as well, nice boost for €
b) Then other shakeout that messed up the rest.
- It was not expected and some probably went short on usd/chf after a while
- Both eur/chf and usd/chf appreciated
So, only good option should have been just long on eur/usd and gbp/usd here with proper timing. (if that would...Ignored
DislikedThere is a rumor that ECB is prepared to "guard" and "support"the euro ,... believe that after this intervention it will fall much more down as trading cat said.Ignored
Dislikedtheyre not going to......they cannot afford to, they need a weak euro, it will be the only thing that if they are to survive, will make them do it....Ignored
DislikedSo, only good option should have been just long on eur/usd and gbp/usd here with proper timing. (if that would have been possible to forecast)Ignored
DislikedI saw this report that core inflation fell in april.....maybe it did fall a bit, but this is lagging data and i can guarantee you that it has risen since then. Why are prices going up now? food, consumer goods, etc....
this article is bullshitIgnored
DislikedI'll repeat one more time (for fun ):
In bull market, one is supposed to be long or flat ONLY.
In bear market, one is supposed to be short or flat ONLY.
Where're clearly in H1 and higher time frames in BEAR market (below the 200sma), so please people do yourself a favor, go with the trend only (or stay flat), or you'll get run over by the market trend, over, and over, and over...That's the nature of the game.
Now if you can't stay flat and watch a market counter trend move without jumping in, that tells a lot about your patience and determination...Ignored
DislikedUr right my friend but also very important imo is to have good entries, maby the most difficult part for some including me.Ignored
Dislikedoff topic, as intervention makes trading a gambling house.Ignored
DislikedWhat was hard to try to short a former long term low (more than 1 year old) below 1.2333 ? On the premise that former support would become resistance.
Discipline, patience and a plan is the key. Trading is easy if you don't transform it into rocket science.
But you must be willing to be wrong and take recoverable losses, and that's the part that most traders don't want to hear...Ignored