View Poll Results: What impact will the ECB Rate Decision have on the Euro?
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08-07-2008, 10:44 PM #8266
do you know what?... some time ago Chinese mission visited the White House... that day Mr. Bush promised them a strong dollar by August 2008 when Olympic games were starting... here you are!...LOL... in the other hand... Markets are going to take profits in coming months before Mr. Obama tax plan becomes a fact... anyway... the annual plan was to have a strong dollar by US elections' time... here you are!... politics driving the game although US fundamentals are not really good...
drinking my Chinese tea...
sorry for those losing money... no too much to say... you know what to do...
08-07-2008, 10:46 PM #8267
you got to be kidding me...
just woke up to drink water and wallah......... im all in red all over.......
placing stops at 5270............. if they are triggered i would be down like 80% of this week's profit....... added longs and 2 more lots to enter at 5280.....
i need 5299 to be out..........
limits are all over.........
i will go back to bed as sitting here im bound to do something crazier then what im into....
BLOOD BATH.................SLAUGHTER HOUSE and it seems like i VOLUNTEER.....
i hope thin mkt conditions would correct itself as pretty sure no more stops to go through..........
ok.......... just changed my s/l to 5240...... if triggered i would be in red for this month........... would add more lots at 5254.......
i hope no once is getting burned........ not the way im.........
any fundies to support this move, as i cannot see any........ don;t matter, it already happened..........
Good Night or Good Day as im hitting the sacks for ZZZZZZZZZZZZZ's...
hope so i can sleep.............
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
08-07-2008, 10:48 PM #8268
The turning will be quick and big (just like the turning of USD/CAD at 0.9057 and USD/JPY at 95.74). But no one know when and from where. If anyone has any clue from whatever perspective, please share it with us.
I was hit hard with long GBP/USD. The good thing is I moved originial stop loss from 1.9337 to 1.9390.
Last edited by y_2008; 08-07-2008 at 10:54 PM.
08-07-2008, 10:52 PM #8269
Delta point GBP... Aug 18... since EUR and GBP usually go together, it's also a good time reference.
Originally Posted by y_2008
But you know what... since it still has 1 week to go, and if each day we see 200 pips drop... then...
08-07-2008, 10:58 PM #8270
Thank You. Great Idea! I am still fairly new to FX and literally forgot I can put in a trailing stop loss. LOL.
Originally Posted by cmellon
08-07-2008, 11:00 PM #8271
you are golden now, I hope you did not hedge this trade
Originally Posted by Petrus
08-07-2008, 11:04 PM #8272
Stryker, I hope you have the numbers right. I thought you are long, SL would then go at 51.40, you may missed the last 100 pips drop ? I'm confused...
Originally Posted by stryker
08-07-2008, 11:08 PM #8273
My charts still say that the dollar bull run has a way to go-MAYBE till the third or fourth week of August. I think there will(must) be a pause and I think it is very close to occurring. The only problem is that my charts are SOOO dollar bullish-when or if will a pause take place?? This pair could go as low as the upper 130's. I know that is very low,but maybe.
Originally Posted by y_2008
08-07-2008, 11:20 PM #8274
A lot of buying interests just around 1.5200. 1.5192 could be bottom for this week?
08-07-2008, 11:20 PM #8275
Well, Im out at b/e.
Originally Posted by Fish
08-07-2008, 11:24 PM #8276
Why take the chance with your cash?
You may want to remember something I learned in an FXCM power course-TRADE THE TREND ONLY!
Originally Posted by y_2008
08-07-2008, 11:29 PM #8277
Maybe we should try to short this thing and ride it down to sub 150 levels.
08-07-2008, 11:34 PM #8278
I almost put a long with 10 pips sl. Now I have to stay back.
Originally Posted by willyc
08-07-2008, 11:41 PM #8279
Going short with a reasonable stop loss seems to be much better strategy right now. TP 5200 and below? Doesn't sound unreasonable to me. For those who still keep short, just trail SL and let the profit run as far as it takes you before your SL got hit.
08-08-2008, 12:03 AM #8280
taking new shorts on any decent up move i can. a move back to 5300 would be ideal. then some consolidation and the beating of the euro will resume again next week.
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