Hmmm some suspected this, higher value of euro is not good for German import. Funny thing really haha how one politician/influential banker has a big impact on the currency.
- #755,422
- Feb 7, 2013 8:35am Feb 7, 2013 8:35am
- Joined Oct 2010 | Status: Trader | 21,483 Posts
Intraday only.
- #755,424
- Feb 7, 2013 8:36am Feb 7, 2013 8:36am
before I take the dog out.. don't try to guess where it'll stop.. just let it do its thing.. until then any level is meaningless.. these are big money selling.. It probably takes as many billions to put the breaks on it as much as it took to drop it this fast.
Yes when the big boys are unloading in a blind panic levels become almost meaningless, the sellers are not looking at levels - they are looking at the positions they need to unwind and unwind them they will. You cannot trust your silly 1M chart patterns when this is going on. If you want to gamble and go long use a tight stop. Anything else is suicide.
- #755,427
- Feb 7, 2013 8:37am Feb 7, 2013 8:37am
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
they have to : with bad sales data they have.... ( even production and service provides good improvement ) how they could boost their export with too expensive currency ? there is two option : keep or cut rate. both will drag the euro down. IF not ... the only thing will happen.......is death stock ( followed by unpaid debt...unemployment etc ) ! real business must run in balance and competitive
not euphoria follower
Yes when the big boys are unloading in a blind panic levels become almost meaningless, the sellers are not looking at levels - they are looking at the positions they need to unwind and unwind them they will. You cannot trust your silly 1M chart patterns when this is going on. If you want to gamble and go long use a tight stop. Anything else is suicide.
- #755,430
- Feb 7, 2013 8:44am Feb 7, 2013 8:44am
- Joined Sep 2011 | Status: Trader | 6,363 Posts
long @ 1.3463
sl @ 1.3450
tp @ 1.3571
A good trader follows his rules, but great trader knows when to break them
- #755,431
- Feb 7, 2013 8:44am Feb 7, 2013 8:44am
- | Membership Revoked | Joined Mar 2009 | 16,693 Posts
- #755,432
- Feb 7, 2013 8:44am Feb 7, 2013 8:44am
- | Membership Revoked | Joined Aug 2012 | 8,502 Posts
Yes when the big boys are unloading in a blind panic levels become almost meaningless, the sellers are not looking at levels - they are looking at the positions they need to unwind and unwind them they will. You cannot trust your silly 1M chart patterns when this is going on. If you want to gamble and go long use a tight stop. Anything else is suicide.
So you are saying Longs won't make any money now
You were asking who is now long, I am... My BE is @1.3456 - #755,433
- Feb 7, 2013 8:45am Feb 7, 2013 8:45am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
100%. TA is bullshit once sentiment changes. Fundamentals always win.
according on fundamental, we buy support or sell resistance
so must know where are resistances and supports.
the only way for this is TA.
90% of traders use TA, indicators and prediction
- #755,434
- Feb 7, 2013 8:45am Feb 7, 2013 8:45am
- | Joined Feb 2013 | Status: Crazy Scalper | 1,576 Posts
Everything in the world has its own rhytms
- #755,435
- Feb 7, 2013 8:46am Feb 7, 2013 8:46am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
ok but fundamental or not... never buy resistance or sell support!
according on fundamental, we buy support or sell resistance
so must know where are resistances and supports.
the only way for this is TA.
what about 1.3360?
90% of traders use TA, indicators and prediction
- #755,436
- Feb 7, 2013 8:47am Feb 7, 2013 8:47am
- Joined Sep 2011 | Status: Minor crosses. Major pips. | 3,701 Posts
Time turns trend. - W.D. Gann
- #755,437
- Feb 7, 2013 8:49am Feb 7, 2013 8:49am
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
A pip is only worth it if you know how much you risked to earn it
- #755,438
- Feb 7, 2013 8:50am Feb 7, 2013 8:50am
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
there .....buddy ?
said this.... IMO... nearest possible support is into 1.33 area.
what about 1.3360?
not euphoria follower
- #755,439
- Feb 7, 2013 8:50am Feb 7, 2013 8:50am
So you are saying Longs won't make any money now
- #755,440
- Feb 7, 2013 8:51am Feb 7, 2013 8:51am
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
said this.... IMO... nearest possible support is into 1.33 area.
what about 1.3360?
A pip is only worth it if you know how much you risked to earn it