Yes I see that UTL.
Could be....depends on where this current candle closes
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DislikedMy comments were overall, general big-picture if you will.
I agree with what you are saying relative to this bailout. At a minimum, its effects will take time to say the least. True, we have no idea on the specific how's and what's yet.
Further agree on the confidence in credit markets issue. Banks are not going to start rolling out the red carpet any time soon. In fact, I think it can be argued that they will hoard cash realized from dumping assets in Uncle Sam's back yard before they invite the newly-weds in to sign those loan docs. What's that going to do to free up credit markets?Ignored
DislikedYes I see that UTL.
Could be....depends on where this current candle closesIgnored
Dislikednot brave, stupid. I've been waiting hours to get out of two bad trades. I thought it would test certain levels during the day but this never happened. Now I'm freaking out because when NY opens in 30min time I see the EUR/USD falling like a rock very quickly.
I will have to terminate the trades in 30min if it looks like it's going down again.
edit: I shouldn't be too harsh on myself though because I did have very good reasons to be long on the EUR/USD. And in truth if it was all done again, I'd probably do it again. My position sizes is what hurt me though today.Ignored
DislikedIt seemed as your analysis was based on solid cyclic principles stick to your risk tollerance and catch the turns...Ignored
Dislikedyeah, I'm always learning and really want to improve. I'm hanging in there with these two trades still.Ignored