DislikedHello Chicky... It is good to see all the longers feeling the pressure. Todays action proves why swing trading is a waste of time. Everyone stated, that although the price dropped yesterday, eur/usd and eur/jpy was still in an uptrend. Well if your willing to take a position for a 100-200 point loss. Then you should also be comfortable in buying the Brooklyn bridge. The new guys follow these people who post all these pretty charts, with lines, circles. Not knowing, they have blown their accounts months ago, and can't redeposit. If your going to...Ignored
I consider myself to be unqualified to make any trade recommendations in this forum.
However, having read all your recent posts, I felt I had to respond to some of your comments.
As a newcomer to forex trading, I think it is unfair to class all newcomers as the same, as if they follow people on this forum like sheep.
I filter everything I read on this (and other) forums, I do not react to any suggestions without performing my own analysis, I know which posters to read and which to skip.
I also completely disagree with your comment about swing trading: I have been perfectly comfortable with trading the last upswing on the EU and other pairs, building long positions through Dec 2012 into last week.
I foresaw a potential downturn EU on my charts last week and booked profits, as I said in my last post: the big red spinner at the top on the 8H chart; the fake move up following the nfp which turned into a classic fade.
I also trade the EJ and EA, but I would not directly align them with the EU because I consider their cycles to be out of phase.
May the prophets and the profits be with you. KB.
Classic example.
