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03-26-2010, 11:17 AM #30376
I just went through Batan bill... I'm waiting for it to turn around as well, when its a nice strong down I'll enter. WOn't profit as much, but I don't have much risk appetite right now after last night :P.
Originally Posted by bill2759
03-26-2010, 11:20 AM #30377
You should never be married to a position and the direction/trend of the market is more important than anything. The trend is your friend. A 1 pip take profit would never be profitable in the long run unless you're going in at 200 dollars per pip but will put you down automatically on spread at which point can shoot against you quickly. There is nothing more profitable than price action and just following the trend and support and resistance. The basics without indicators is the name of the game.
Originally Posted by analyzer
03-26-2010, 11:28 AM #30378
I think IMF aid is good for EURO area? what do you think?
I think seeking aid from IMF is good for EURO area...
IMF have reputation of making the country worst off in general, but this will punish those who break the rule. Also it is easy for EURO area to solve small country like greece, what if this is Italy and Spain (or even France and Germany in the future) which will be much difficult to solve without external help. Therefore it is better to set a standard rule that can apply to everyone instead of temporary greece problem.
In the long run government within the region will be more serious about their fiscal deficit, which in turn will reduce similar problem happening in the future.
I understand most people will disagree with me here, but please let me know what you all think...
03-26-2010, 11:32 AM #30379
shorted ath 1.3415 with a small SL and a low risk, looking to make a few pips today
03-26-2010, 11:34 AM #30380
shorted at 1.3415 with a small SL and a low risk, looking to make a few pips today
03-26-2010, 11:45 AM #30381
I think the EU officials from Germany and France wanted to find a balance between giving assistance to EU countries in need and having them turn to the IMF which often stigmatizes countries as being third world poverty zones. It seems like a pretty good solution, although there is no real solution to the problems facing the EU they just have to deal with hard economic times.
Originally Posted by FXspeculator
03-26-2010, 11:45 AM #30382
So this broke the resistance line on hourly does that mean it should keep going up or should i just focus on the daily trends as far as that goes? Thanks for the info.
03-26-2010, 11:49 AM #30383
although it looks like the euro is making an attempt at a temporary reversal the risk-on trade was worked when the vix spikes low . I would go long usd and jpy here
03-26-2010, 11:51 AM #30384
This is my outlook on E/J
03-26-2010, 11:53 AM #30385
What is that something ?
Originally Posted by andresgc67
Last edited by dhan1163; 03-26-2010 at 11:55 AM.
03-26-2010, 12:00 PM #30386
agreed. as long as still with trend can always hold position and add on till it turn back down provided u have the capital and can take draw down.
Originally Posted by shicoooo
the way i see it is it is some sort of system selling/buy where one sell and adds on once the action is going your way. probably only work if you are with the larger trend. just my 2cents
03-26-2010, 12:01 PM #30387
shorted it , longed it and then back to shortin it !
I shorted at 13417 and close dit out at 13397
I still maintain not to go short for longterm yet today as its very choppy plus lots of city traders are selling there profits which has also aided in the rise today(friday) the person that oly made 1 pip today is still someone that made a profit right !!
Last edited by Thomas Long; 03-26-2010 at 12:05 PM.
Reason: Unacceptable content
Take your profits or the market will take it from you....
03-26-2010, 12:04 PM #30388
Originally Posted by dhan1163
Take a look at the week: Jan18 to Jan 25 when price broke support arround 1.4250. Similar situation here. Maybe a little changes, but very similar in general terms.
03-26-2010, 12:05 PM #30389
If you really wanna call that a profit. Its like cashing in only 12 pips on a 1200 pip E/U drop....lol
Originally Posted by cw1
Last edited by Thomas Long; 03-26-2010 at 12:17 PM.
03-26-2010, 12:06 PM #30390
Got out of my shorts at 1.3395, couldn't handle the pressure. Now thinking about getting back in if it makes to 1.3410. Oh, looks like it's there now. Gotta go.
Update: on second thought, it IS Friday, and I just checked the 4H chart and it looks like the Euro might be pulled higher toward the 61.8 Fib at 1.3490. Don't think it'll make it that far, but 1.345 is a possibility. I got my daily pips today so I'll sit on the side unless an obviously good deal comes my way.
Last edited by martyman13; 03-26-2010 at 12:13 PM.
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