Thread: Closed: Discuss EUR/USD News with a DailyFX Analyst

Originally Posted by atac

patience is a virtue. i am down 1600pips with my longs. looking to add more as it drop further. it will retrace. you can bet your pants on that

Yes its a virtual but it can also bleed you dry 1600 pips in the red thats total madness

I was watching the Greek riots this morning live. It's a mess there, and it's getting worse. This is the reason that the Euro took a dive. Forget retraces! Euro is not going to survive for long. 1.2900 was the point of no return, because what's happening in Greece is only the beginning.

I'd like to short, just not sure where is a good entry point. Something tells me that as soon as I'll open a short position, the pair will go up.

Originally Posted by jiggy123

AS I already mentioned that it carry the support of 100 month SMA over montly chart

I shorted and went to sleep, had a entry set @ 1.294

Does anyone else find themselves cheering at their monitors like they're watching a football game? Come on USD! Give me pips!

Originally Posted by Mary R

why would you go long when the downward trend is like a tidal wave?

i placed a long before the tidal wave at 1.32, thinking of a possible retrace to 1.33 before shorting. Bloodly tidal wave of short came and i was caught off guard. the fundamentals are ruling the markets right now. risk adversion is the key topic

Originally Posted by PoundGuy

Yes its a virtual but it can also bleed you dry 1600 pips in the red thats total madness

everyone are entitled to their own opinion.

What You are doing is neither Virtuous or Patient. I Myself would choose some other Words, but that would seem like some sort of personel attack. I would hope that You are at least entering other Positions, short I hope, while You ride Your Long Position, or is it Positions, to Perdition?
I agree! It sometimes takes Guts or courage to stick with a position, but the pain must get unbearable after awhile. And I certainly hope You're dealing in Micro lots.

Good Grief Man!!!!!

Originally Posted by atac

patience is a virtue. i am down 1600pips with my longs. looking to add more as it drop further. it will retrace. you can bet your pants on that

Originally Posted by atac

everyone are entitled to their own opinion.

No offence intended on my last post atleast it shows you have a healthy account...

Originally Posted by smalleyes

i placed a long before the tidal wave at 1.32, thinking of a possible retrace to 1.33 before shorting. Bloodly tidal wave of short came and i was caught off guard. the fundamentals are ruling the markets right now. risk adversion is the key topic

that exactly what happened to me i placed a long to scalp some retrace points at the 132, area after the last sell off, has worked every time and then xxxx hit the fan.....in a way im glad of my loss because i hedged some points as well. Yet all i knew thaought a retrace would happen as the IMF comfimred the bailout package,,,mkt traders in the NY and London took it as not good enough and boom off they went

Eventually the Euro will go back up again. But true pivot points and turning points in the market are usually very dramatic with a big spike down and a very bullish engulfing candle on the upswing. i would wait for a true pivot point before going long.
The EU is not going to go away. Its not a crisis if the euro goes to parity with the dollar. it was originally designed to be around parity with the dollar. So what if the Greeks are rioting?

Originally Posted by martyman13

I was watching the Greek riots this morning live. It's a mess there, and it's getting worse. This is the reason that the Euro took a dive. Forget retraces! Euro is not going to survive for long. 1.2900 was the point of no return, because what's happening in Greece is only the beginning.

I'd like to short, just not sure where is a good entry point. Something tells me that as soon as I'll open a short position, the pair will go up.

Forget about retraces??
Retraces are part of a the natural movemente of the market. They occur when people take profits. If you were up 400 pips, wouldn´t you take some profits? Forget about trend reversarl, but forget about retraces? no way..
one big retrace is cooming soon.

Originally Posted by atac

everyone are entitled to their own opinion.

You are making my mistakes. I started a long and was margin called again.... More losses ... I will be out just watching from now on.

Originally Posted by bill2759

What You are doing is neither Virtuous or Patient. I Myself would choose some other Words, but that would seem like some sort of personel attack. I would hope that You are at least entering other Positions, short I hope, while You ride Your Long Position, or is it Positions, to Perdition?
I agree! It sometimes takes Guts or courage to stick with a position, but the pain must get unbearable after awhile. And I certainly hope You're dealing in Micro lots.

Good Grief Man!!!!!

your font size is like microscopic ants on my monitor. so not readin it.

Originally Posted by Mary R

Eventually the Euro will go back up again. But true pivot points and turning points in the market are usually very dramatic with a big spike down and a very bullish engulfing candle on the upswing. i would wait for a true pivot point before going long.
The EU is not going to go away. Its not a crisis if the euro goes to parity with the dollar. it was originally designed to be around parity with the dollar. So what if the Greeks are rioting?

Hi Mary, where abouts do you think the pivot will be i was looking at the blogs from precise trader and there pointing at long 12850 but i cant see it yet

Originally Posted by atac

your font size is like microscopic ants on my monitor. so not readin it.

I've been seeing this in a while complaing about font size of some people. You can enlarge it like this: Press and hold "cntrl" button and scroll the mouse wheel up and down to enlarge/shrink font size.

Unless you mean something else..