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  • #505,321
  • Aug 1, 2011 10:13am Aug 1, 2011 10:13am
Quoting needpips
What spooked the sell off? Just the vote?
It was kind of bearish to begin with. Point is, when the little fish get scared, just go with them. Ask questions later.
  • #505,322
  • Aug 1, 2011 10:14am Aug 1, 2011 10:14am
Personally, I feel that the fundamentals can swing the PA on huge ranges but my own bias is that no matter what currency you trade, the long term charts like the D1 W1 and MN ultimately sets the direction for the currency. Also fundamentals can be useful in terms of changing an overal trend direction but not driving the trend direction as this is done by the technical analysis

My 2 pips worth.

What are your inputs?
A trader must be humble - else the market would humble him.
  • #505,323
  • Aug 1, 2011 10:14am Aug 1, 2011 10:14am
Quoting attila
It was kind of bearish to begin with. Point is, when the little fish get scared, just go with them. Ask questions later.
Im still short since 44...I was out at meetings this morn.....Im looking for 41
  • #505,324
  • Aug 1, 2011 10:14am Aug 1, 2011 10:14am
Quoting attila
What I'm doing is Not recommended. To be honest I was not expecting this huge drop today and I was getting ready to start working on getting out of those shorts.....

I said before. My entire way of life is designed around not using S/L.... Not for beginners...
but you do respect traffic lights, don't you?
  • #505,325
  • Aug 1, 2011 10:15am Aug 1, 2011 10:15am
Quoting KumoDragon
I'm not complaining had some nice shorts that worked out well.

But, what caused the EU to drop so hard? Was the last news release an excuse to push it down?
Well... Some TA was allready pointing bearish yesterday. Terrible VS data that hits us as well triggered the volatility in it I guess.
  • #505,326
  • Aug 1, 2011 10:15am Aug 1, 2011 10:15am
Quoting Mr Hatch
but you do respect traffic lights, don't you?
LOL.
  • #505,327
  • Aug 1, 2011 10:16am Aug 1, 2011 10:16am
Quoting cloggie
Don't let the door hit you in the @Rse on the way out.
dream on ... bad bad karma hanging above your head it will smack you between your horns sooner or later .........das ist fantastisch, you dont have wedding to attend ?? stick around redneck i am bored,like simple souls like you , pulled out 4280 from his "@rse " & think he grabbed god for the balls ... seems like u stuffed your @ thing with all kind of things confessing here will lighten your burden, you dont have to be disgraced ..... pull out everything that is locked in that @ ........ have pain in the neck all day
  • #505,328
  • Aug 1, 2011 10:16am Aug 1, 2011 10:16am
still holding my s scalps.. came close to closing.. but when the month close was below 4388... i couldn't.
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those who can, do. those who cant, talk about those who can
  • #505,329
  • Aug 1, 2011 10:18am Aug 1, 2011 10:18am
Quoting gatorinla
still holding my s scalps.. came close to closing.. but when the month close was below 4388... i couldn't.
nice...
Look Sharp/Trade Tight
  • #505,330
  • Aug 1, 2011 10:18am Aug 1, 2011 10:18am
lol cloggie... looks like you got yourself a new one.

Fishing season has been a bit sour these last few weeks... glad you hooked one!
  • #505,331
  • Aug 1, 2011 10:19am Aug 1, 2011 10:19am
Quoting Mr Hatch
but you do respect traffic lights, don't you?
how's going? haven't seen you around much.
  • #505,332
  • Aug 1, 2011 10:21am Aug 1, 2011 10:21am
Quoting attila
What I'm doing is Not recommended. To be honest I was not expecting this huge drop today and I was getting ready to start working on getting out of those shorts.....

I said before. My entire way of life is designed around not using S/L.... Not for beginners...
Sounds that we have the same style of trading )I am glad I am not the only one ,glad I found co conspirator
  • #505,333
  • Aug 1, 2011 10:22am Aug 1, 2011 10:22am
another Earthquake off Japan....oh no
  • #505,334
  • Aug 1, 2011 10:22am Aug 1, 2011 10:22am
Quoting sofia101
Sounds that we have the same style of trading )I am glad I am not the only one ,glad I found co conspirator
Then you know what I mean. It's a different style and it does have its own rules, requirements and state of mind...
  • #505,335
  • Aug 1, 2011 10:24am Aug 1, 2011 10:24am
Quoting attila
Then you know what I mean. It's a different style and it does have its own rules, requirements and state of mind...
Yes and I been doing trading like this for about 2 years now it works perfect for me )
  • #505,336
  • Aug 1, 2011 10:25am Aug 1, 2011 10:25am
...first target 1.4127/33 level. If this level will be a clean stop, so I advice to close some more shorts to re-enter later.

Don't be greedy. Market do not like greedy tiny people.
  • #505,337
  • Aug 1, 2011 10:26am Aug 1, 2011 10:26am
Quoting sofia101
Did you look at Italian and Spanish bonds ?
No, can you direct me to a site to get news on things like that, that effect the EU and aren't listed on FF?
  • #505,338
  • Aug 1, 2011 10:27am Aug 1, 2011 10:27am
Quoting KumoDragon
No, can you direct me to a site to get news on things like that, that effect the EU and aren't listed on FF?
twitter
  • #505,339
  • Aug 1, 2011 10:28am Aug 1, 2011 10:28am
Quoting r_jains
Sell Euro USD at all levels for a gain at 1.42 levels within a months time..US debt ceiling issue would die out even if there is a brief deafult. They had faced it 16 years back and came out easily..
Euro tocuhes 1.4190. I made 300 pips.
  • #505,340
  • Aug 1, 2011 10:28am Aug 1, 2011 10:28am
Although I have shorted it from a resistance point 1.4440 which I have noticed in my earlier post #505074
http://www.forexfactory.com/showthre...70#post4826170, but what really causes the huge bear bar?

I am still a newbie.


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The true fact is market doesn't care, risk mgt is important.
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