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  • #777,061
  • Mar 24, 2013 3:17pm Mar 24, 2013 3:17pm
Quoting Avir
The Small gap means More BIG MOVES when things come to light. IEe: http://www.zerohedge.com/news/2013-0...tive-reprisals
what cyprus will started spending Russian ruble now
  • #777,062
  • Mar 24, 2013 3:19pm Mar 24, 2013 3:19pm
Quoting Taigen
It may gap down but ultimately it must fill in last weeks gap @ 1.3069.
when in 2 weeks or next month..
  • #777,063
  • Mar 24, 2013 3:22pm Mar 24, 2013 3:22pm
I get so tired of these panic driven price actions. Let's see, we'll choose Cypress this time. Let the whole world freak, then it's time to get back to normal which it inevitably does. Is Greece still on the front page? Next week we'll spin the dial for another country.
Taigen Profit This Month: na
  • #777,064
  • Mar 24, 2013 3:27pm Mar 24, 2013 3:27pm
Quoting SnaveForex
when in 2 weeks or next month..
Since we are not much more than 70 pips or so away, it might be today or tomorrow but the point is that it will be in the back of the minds of the central banks. I don't remember a gap taking over a month. Has that ever happened with EU?
Taigen Profit This Month: na
  • #777,065
  • Mar 24, 2013 3:32pm Mar 24, 2013 3:32pm
I think there are a lot of people, perhaps even lurkers on this forum that against all advice opened a short on friday close. They may get lucky this time, just don't get too confident... next time could wipe you out.
Disclaimer: I'm still new to forex
  • #777,066
  • Mar 24, 2013 3:34pm Mar 24, 2013 3:34pm
Quoting EpsilonVaz
I think there are a lot of people, perhaps even lurkers on this forum that against all advice opened a short on friday close. They may get lucky this time, just don't get too confident... next time could wipe you out.
i short 1.3
  • #777,067
  • Mar 24, 2013 3:36pm Mar 24, 2013 3:36pm
Quoting EpsilonVaz
I think there are a lot of people, perhaps even lurkers on this forum that against all advice opened a short on friday close. They may get lucky this time, just don't get too confident... next time could wipe you out.
next time will be a while away yet..


think what will happen if cyprus banks re open
Even the worst trade can close with profit. Just give it time.
  • #777,068
  • Mar 24, 2013 3:37pm Mar 24, 2013 3:37pm
Live Streaming Forex Charts

EUR USD 1,29496


http://www.fxstreet.com/rates-charts...ts/?id=eur/usd
  • #777,069
  • Mar 24, 2013 3:38pm Mar 24, 2013 3:38pm
Quoting EpsilonVaz
I think there are a lot of people, perhaps even lurkers on this forum that against all advice opened a short on friday close. They may get lucky this time, just don't get too confident... next time could wipe you out.
I think it can be still funny today
  • #777,070
  • Mar 24, 2013 3:39pm Mar 24, 2013 3:39pm
Quoting Taigen
Since we are not much more than 70 pips or so away, it might be today or tomorrow but the point is that it will be in the back of the minds of the central banks. I don't remember a gap taking over a month. Has that ever happened with EU?
yes may 6 2012 level 3076 look in you charts
  • #777,071
  • Mar 24, 2013 3:39pm Mar 24, 2013 3:39pm
Did I miss anything during the weekend?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #777,072
  • Mar 24, 2013 3:40pm Mar 24, 2013 3:40pm
Quoting EpsilonVaz
I think there are a lot of people, perhaps even lurkers on this forum that against all advice opened a short on friday close. They may get lucky this time, just don't get too confident... next time could wipe you out.
If they are trading 1 pip = 1% of Equity then yes -100 pips can say good bye to the whole account but not everyone on this thread doing the same thing.
  • #777,073
  • Mar 24, 2013 3:42pm Mar 24, 2013 3:42pm
Quoting EpsilonVaz
I think there are a lot of people, perhaps even lurkers on this forum that against all advice opened a short on friday close. They may get lucky this time, just don't get too confident... next time could wipe you out.
So what if they did. I once heard luck defined as a matter of preparation at the right time. Just because you or other traders may not have had success holding trades over the weekend does not mean that fits someone else's trading style or objective.

You could easily have lost 200 pips on tuesday and wednesday (hypothetical). Should we not trade those days either? Too many people hear try to oppose their advice onto someone else, and if they don't follow it they're stupid. It just gets old.
When the facts change I change my mind, what do you do sir
  • #777,074
  • Mar 24, 2013 3:45pm Mar 24, 2013 3:45pm
Quoting EpsilonVaz
I think there are a lot of people, perhaps even lurkers on this forum that against all advice opened a short on friday close. They may get lucky this time, just don't get too confident... next time could wipe you out.
too risky....
is like a roulette.
forex is not a cassino game...
it`s not Vegas
  • #777,075
  • Mar 24, 2013 3:47pm Mar 24, 2013 3:47pm
Quoting EpsilonVaz
I think there are a lot of people, perhaps even lurkers on this forum that against all advice opened a short on friday close. They may get lucky this time, just don't get too confident... next time could wipe you out.
it was all in the charts dude...with issues in cyprus..what do you think?
  • #777,076
  • Mar 24, 2013 3:48pm Mar 24, 2013 3:48pm
Quoting Ken A
If they are trading 1 pip = 1% of Equity then yes -100 pips can say good bye to the whole account but not everyone on this thread doing the same thing.
in general retailers will be using similar mm because of greed. So there will be margin call areas or targets. With negative news unavle to move price down so far means we are probably going to pop up on any positive news to trap shorts
  • #777,077
  • Mar 24, 2013 3:51pm Mar 24, 2013 3:51pm
My reasoning is with respect to stop losses being bypassed. It is a gamble.

If you used a guarenteed stop then great. How many of you did though?

If people want to lose their money then fine. I'm not complaining. I have my own system and I'm sticking to it.

I just remember when I first started trading I'd go against good advice because "I thought I knew better". I know how bad it feels to blow an account and just don't want other people to make the same mistake so easily.
Disclaimer: I'm still new to forex
  • #777,078
  • Mar 24, 2013 3:52pm Mar 24, 2013 3:52pm
Quoting Ken A
If they are trading 1 pip = 1% of Equity
The definition of trading insanity.
Trade smaller than rational because the market is irrational...
  • #777,079
  • Mar 24, 2013 3:53pm Mar 24, 2013 3:53pm

  1. Off 50pts early in Asia as optimism on a Cyprus deal cools
  2. Many issues unresolved - see [ID:nL5N0CG011] for latest analysis
  3. Offers @ 1.3010/15 cap - 1.2880/00 bids support
  4. Market expects a Cyprus deal - failure should see sharp response
  5. 1.2843 2013 low break targets 61.8% of 2012/13 climb @ 1.2680
  6. Chart: http://link.reuters.com/muj86t

Trade smaller than rational because the market is irrational...
  • #777,080
  • Mar 24, 2013 3:54pm Mar 24, 2013 3:54pm
Quoting sidhujag
in general retailers will be using similar mm because of greed. So there will be margin call areas or targets. With negative news unavle to move price down so far means we are probably going to pop up on any positive news to trap shorts

whichever way we go, you can be sure that all the players in the dirty little nicosean drama will have placed their bets by now and are going to get THEIR HUGH, HUGH piece of the forex pie


NOTE: i don't believe the people of cyprus will qualify as players...
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