Go bears Gooooooooo!!!!!!!!!!! lol!!!
- #173,821
- Dec 17, 2009 6:08pm Dec 17, 2009 6:08pm
- Joined Jul 2009 | Status: Singleness of purpose: profit. | 1,298 Posts
- #173,822
- Dec 17, 2009 6:10pm Dec 17, 2009 6:10pm
- Joined Oct 2007 | Status: Counter Trend, but not always! | 2,147 Posts
I see strength coming back to the market ...
Now for those who were interested in buying dips and started to do so up top at 1.4950 ... Look at the market now ... THIS is called A DIP not that one up there.
They say every system has it's own cons and pros ... This is the drawback of going with the trend. It shows up specially with those teasing long term trending markets like this one.
You go long at every draw back assuming this is just another dip and will go up again but this last time it suddenly crashes and leaves your positions up there. Then you look back sorrowfully and realize you have bought at top.
The real problem appears when you insists that this is nothing and it will pull back up soon ... and you continue buying and buying again which wipes out all those profits made when buying those dips several times and never thought this could end at some point.
I've been there several times and that experience helped me see the market correctly this time. I hope nobody fell in trap or if they did they cut the losing position short quickly.
Price may still go down further but at least here is worth starting to place buy positions.
Cheers
Now for those who were interested in buying dips and started to do so up top at 1.4950 ... Look at the market now ... THIS is called A DIP not that one up there.
They say every system has it's own cons and pros ... This is the drawback of going with the trend. It shows up specially with those teasing long term trending markets like this one.
You go long at every draw back assuming this is just another dip and will go up again but this last time it suddenly crashes and leaves your positions up there. Then you look back sorrowfully and realize you have bought at top.
The real problem appears when you insists that this is nothing and it will pull back up soon ... and you continue buying and buying again which wipes out all those profits made when buying those dips several times and never thought this could end at some point.
I've been there several times and that experience helped me see the market correctly this time. I hope nobody fell in trap or if they did they cut the losing position short quickly.
Price may still go down further but at least here is worth starting to place buy positions.
Cheers
Discipline + Patience - Fear - Greed = Success
- #173,823
- Dec 17, 2009 6:11pm Dec 17, 2009 6:11pm
- Joined Oct 2008 | Status: sideline is a position | 105,176 Posts
those who can, do. those who cant, talk about those who can
- #173,824
- Dec 17, 2009 6:13pm Dec 17, 2009 6:13pm
- Joined Oct 2008 | Status: sideline is a position | 105,176 Posts
those who can, do. those who cant, talk about those who can
- #173,826
- Dec 17, 2009 6:21pm Dec 17, 2009 6:21pm
- Joined Jul 2009 | Status: Singleness of purpose: profit. | 1,298 Posts
- #173,827
- Dec 17, 2009 6:21pm Dec 17, 2009 6:21pm
I see strength coming back to the market ...
Now for those who were interested in buying dips and started to do so up top at 1.4950 ... Look at the market now ... THIS is called A DIP not that one up there.
They say every system has it's own cons and pros ... This is the drawback of going with the trend. It shows up specially with those teasing long term trending markets like this one.
You go long at every draw back assuming this is just another dip and will go up again but this last time it suddenly crashes and leaves your positions...
Very well put together.
I came across a nice chart, showing the Investor Decision Making Process. Will try to post it here when i see it again. Just summarizes all
- #173,828
- Dec 17, 2009 6:22pm Dec 17, 2009 6:22pm
- Joined Oct 2007 | Status: Counter Trend, but not always! | 2,147 Posts
Discipline + Patience - Fear - Greed = Success
- #173,831
- Dec 17, 2009 6:26pm Dec 17, 2009 6:26pm
- Joined Oct 2008 | Status: sideline is a position | 105,176 Posts
those who can, do. those who cant, talk about those who can
- #173,833
- Dec 17, 2009 6:33pm Dec 17, 2009 6:33pm
- Joined Oct 2007 | Status: Counter Trend, but not always! | 2,147 Posts
im currenty out the eu.i closed last spike lower.. i will sell at 56/57... i normaly would of exited at my posted level and wait for bounce to reaload.. at 56/57... i didnt follow my usual plan because we passed daily 200 ema and sma so easily. i figured move was strong and we would easilly take out support posted. at 4325.. and we did. now im out and this is a bad place to be because i can fu and sell at market at a bad price.. or wait for entry at trend line or 55/56.. i did wait i set entry but that last little spike missed it.. so im not in......
Discipline + Patience - Fear - Greed = Success
Becareful about the Swiss intervention. They have been fighting to hold EURCHF in range of around 1.48-1.52 for around a year now.
I can clearly remember two interventions; there might be more, but two were significant.
EURCHF was a pair i had in my portfolio, but now took it out because of the band Swiss National Bank is holding the pair within.
If it gets to 1.48, I'd load up on the pair for a short ride.
