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what is going on today about todays trading,someone help

  • Post #1
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  • First Post: Jun 27, 2008 4:17am Jun 27, 2008 4:17am
  •  peco4real
  • | Joined Feb 2008 | Status: Member | 1 Post
i dont know which way to go
  • Post #2
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  • Jun 27, 2008 4:22am Jun 27, 2008 4:22am
  •  BigFace
  • | Joined Feb 2006 | Status: Trading other Traders | 102 Posts
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dont know which way to go


Then STAY OUT the market

Cheers
 
 
  • Post #3
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  • Jun 27, 2008 8:45am Jun 27, 2008 8:45am
  •  fxRichard
  • Joined Dec 2007 | Status: Elite Scalper | 339 Posts
Which pair do you trade? EUR/USD has been acting a little abnormal compared to the way it usually does, possibly because of the "All Day News" today affecting it...
 
 
  • Post #4
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  • Jun 27, 2008 8:49am Jun 27, 2008 8:49am
  •  sarchin
  • | Joined Mar 2008 | Status: Member | 73 Posts
yesterday you had the fallout from the feds decision to hold interest rates, the wishy washy statement on future rate hikes, a whole bunch of bad news in the stock markets with automakers, banks, and credit in trouble again, gold and oil were moving up pretty good, the dollar index was down and the vix was up, throw in some risk aversion and some end of the month profit taking and you have the drops you seen yesterday.

today we had decent news, keep an eye on the news releases, wait for the stock market to open as the futures are down and see what direction the stock market is going and trade the momentum.

if you are ever in doubt about a trade, STAY OUT and wait for the right setup to come along

hope that helps
 
 
  • Post #5
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  • Jun 27, 2008 8:51am Jun 27, 2008 8:51am
  •  pip mom
  • | Joined Jun 2008 | Status: Member | 104 Posts
new here and need to make $$$$ like all here but if do'nt make a few hubby will cut me off my allowance . which way to go please help
 
 
  • Post #6
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  • Jun 27, 2008 8:54am Jun 27, 2008 8:54am
  •  fxRichard
  • Joined Dec 2007 | Status: Elite Scalper | 339 Posts
If you don't know which way to go then stay out today and find somthing better to do, it's better to end the day at $0 then negative, probably better to have your husband cut you off then the market take your money and your husband cut you off lol
 
 
  • Post #7
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  • Jun 27, 2008 8:56am Jun 27, 2008 8:56am
  •  pip mom
  • | Joined Jun 2008 | Status: Member | 104 Posts
lots of help he is doing both LOL
 
 
  • Post #8
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  • Jun 27, 2008 8:58am Jun 27, 2008 8:58am
  •  fxRichard
  • Joined Dec 2007 | Status: Elite Scalper | 339 Posts
watch EUR/USD about to drop, maybe only a few pips but this is my bread and butter
 
 
  • Post #9
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  • Jun 27, 2008 9:02am Jun 27, 2008 9:02am
  •  pip mom
  • | Joined Jun 2008 | Status: Member | 104 Posts
thank you if works maybe I will be happy and I'll make hubby happy
 
 
  • Post #10
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  • Jun 27, 2008 9:05am Jun 27, 2008 9:05am
  •  fxRichard
  • Joined Dec 2007 | Status: Elite Scalper | 339 Posts
haha you better be on the same chart as me because a drop for me most people don't see
 
 
  • Post #11
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  • Jun 27, 2008 9:06am Jun 27, 2008 9:06am
  •  pip mom
  • | Joined Jun 2008 | Status: Member | 104 Posts
what chart you on
 
 
  • Post #12
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  • Jun 27, 2008 9:08am Jun 27, 2008 9:08am
  •  fxRichard
  • Joined Dec 2007 | Status: Elite Scalper | 339 Posts
1 second
 
 
  • Post #13
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  • Last Post: Jun 27, 2008 2:35pm Jun 27, 2008 2:35pm
  •  howdytest
  • | Joined Jan 2007 | Status: Member | 95 Posts
You're not the only one, i've been lost for a day or two. I'm just waiting for the week to end so that i have the weekend to get refocused and have more time to analyze some charts.
 
 
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