I saw it a few times. 300 pip move Check 13 January 2011. There are many before that.
Also it has happened worse on the downside thrashing through support like it didn't exist.
Well I certainly hope for my equities sake that this is a short lived rally. Remember Monday of last week saw the dow trade in a 400 point range. A rally 45 minutes before the closing bell it went from being down over 2% to being up over 2%. No to scenarios are the same but i wouldnt be surprised if something like the opposite of that were to happen today or maybe tomorrow. We're coming under resistance at 1.37 eur/usd and 1185 on the s&p ,the previous turning point when we saw an equity sell off after a day of rallying. Ill only be worried if we...
Yes I have seen it going down but never up (I know it has happened though). And I who thought that bank holidays should be calm
Rod,
I've been in your situation before and I learned that hope is not the solution. Just like hope is not the solution for Europe's debt crisis.
What I have learned to do is recover or mitigate the loss. I believe I have explained it to you in a pm not too long ago. Be prepared for it in case you have to implement a recovery plan. Don't leave it till the last minute because your emotions will have a higher risk of clouding your judgement. Do the calculations now and set up the plan. If...Then
Cheers
PT
). The chart below is self-explaining. 
Anybody that pulls out the daily chart will quickly see that a 50% retracement will put the euro above 1.38. And a 61.8 puts the Euro at just about 1.40.
She's right at the 38.2 right now.
OK, I just woke up and read this post from PT.
Here's the problem: Fundamental trading is the perfect (let me say it again), PERFECT strategy. The problem is in our minds, as I said in an earlier post, we get so focused in what's happening and what we'd like to happen, that we forget what is likely to happen (in the short-mid term) and what the market is expecting to happen.
I am happy to say, PT, that we found the bottom of this channel at 1.3150, anyone can go look at http://www.forexfactory.com/showthre...63#post5007763...
. Was looking at that this morning on the weekly charts.
Most of the "good news" I'm seeing is nothing but hope and talk of making a plan, not having anything actually done anything but jawbone. So as usual a rally on hope in thin holiday trading that could easily get stuffed really quickly.
Looking at the daily, she looks like she's also forming a nice down channel that she's about to hit her head on which is also near the nice round number of 1.3700. She's also at a level that has historically...
technically this was a retracement with low volume on a holiday
and the figures above 3700 were not even touched yet
my scenario: eu can drop pip by pip the next two weeks back to 3150
and
only if price stayes above 3700 clearly we could consider a trendchange
Interesting day. As I may always say, I would normally not trade in days like these. But as fundamentals concern, there should not be more momentum pushing the pair higher. That's why I decided to take a suicide short.
Everyone in this thread knows what I mean by false hope. And that's what we're seeing today. I checked some fibs on the 4H chart, and it looks like a pin bar in the 1H (This is for you PT
However, I'm not saying this is going to be a switch (right now) in the mid-term sentiment that's...
............i am already trading but my broker has increased minimum lot size to 0.3 and it is difficult for me to trade in cotton and gold with 0.3 lot size......so any suggestions.
I will now wait for a clear reversal signal and a sign that this false perception of a solution has passed and I will place my fresh shorts to profit on the downtrend once more.... and that time will come.
No I am not married to my bias... I am committed to the facts of the situation and I do not trade against the fundamentals
It is on days like this that I realize how those who just trade Price action on the charts without regard to the fundamentals are so much better off in some regards. However, my trading style is more macro than that and...
"@$800, I think its a bubble but Im gonna buy it. next year @$1600 dump it all." 
I want to open a new account with low thread, low commission and minimum lot size. Not to mention reliable also
dear PT,
you remember Soros and his gold trade...
we have to get there.
dont worry its gonna go my way... what an idiot 
dear PT,
you remember Soros and his gold trade...
we have to get there.
