The EU wasted so much money trying to halt the Euro's decline, only to have a 100-200 pip rally, temporary at that, to show for it. They should do what the US has been doing for some time now:
Hire a famous analyst to say something positive about a currency on a famous F-TV channel. Traders and speculators follow the "advice" without thinking. After all, it's on F-TV, so it has to be true. And there you have it, a rally that cost you only several grand.
The EU wasted so much money trying to halt the Euro's decline, only to have a 100-200 pip rally, temporary at that, to show for it. They should do what the US has been doing for some time now:
Hire a famous analyst to say something positive about a currency on a famous F-TV channel. Traders and speculators follow the "advice" without thinking. After all, it's on F-TV, so it has to be true. And there you have it, a rally that cost you only several grand.
I would like to see what happens at 4. Will there be more?
The EU wasted so much money trying to halt the Euro's decline, only to have a 100-200 pip rally, temporary at that, to show for it. They should do what the US has been doing for some time now:
Hire a famous analyst to say something positive about a currency on a famous F-TV channel. Traders and speculators follow the "advice" without thinking. After all, it's on F-TV, so it has to be true. And there you have it, a rally that cost you only several grand.
I think that was just the Swiss bank today, I don't think the ECB has intervened to buy euros. They want the euro weak to give them a competitive edge in exports.
I'm flat on EUR/USD at the moment but looking to get short if we get a break down back in the direction of the daily chart's trend.
If the lows break, then I'd likely get short again. Been short a ton of times on this pair and its been great. Would like to get short again.
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just made my first trade on 1 min. chart 1 min. in fifth wave got out on ninth wave down $13. an some change. minus cap. gains 10.40 dollar menu here i come . hey it felt good
Here is an 8-hour chart of the EUR/USD for 2010. Who do you think has had a better chance of being profitable....sellers or buyers? Hint....this is not a trick question in spite of the fact that more retail traders have been buying all the way down while the professionals have been selling all the way down.
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Here is an 8-hour chart of the EUR/USD for 2010. Who do you think has had a better chance of being profitable....sellers or buyers? Hint....this is not a trick question in spite of the fact that more retail traders have been buying all the way down while the professionals have been selling all the way down.
I have noticed a great deal of "talk of the basics." So is Fxcm using this fourm for more educational perposes or just general discussion.
Here is an 8-hour chart of the EUR/USD for 2010. Who do you think has had a better chance of being profitable....sellers or buyers? Hint....this is not a trick question in spite of the fact that more retail traders have been buying all the way down while the professionals have been selling all the way down.
Amen to that Thomas......Follow the elephants to avoid getting trampled on,... mike
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Originally Posted by MoneyInc.
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Sean Your short right?
Waste of money
