This is really a battle field with lot of wounded fighters and dead..
To see a tranquility seems will take time....
better fighters stay out....don't fight with wounded legs...now..

That was not bad. Gut feeling won.
Should have gone short, but you cant win them all. That would have been too much.
Messy day coming up. My advise: do not jump in front of this runaway train. The trend is broken, we will see lower levels in due term.
GL.

I don't understand why everyone's still long, guys, time to think abt shorting, at least a preparatory hedge. Im currently short from yest 5330, added a short at 5215.

You can imagine how happy i am right now... Suffered a loss from my 5305 long tht got stopped out while i was sleeping. over and done with, 15 pip loss not compared to my current position.

1.45 isn't impossible now... Its dropping like a rock at the moment, find an entry guys! while u still can... cheers! and good luck... we're in new territory.

Oil's now dropping too, Now im thinking of a TP, wish stryker were here with his killer TLs... I currently see 4921 to 49675 as a good support level but thats a very long way down... after that 4735

GL All...

Yup... just forgot chart, TL, or anything at the moment. Short, short, short, short, and short. And did I mention SHORT?

Put a tight SL with the short. It's so much better than a long with tight SL.

Fundamentally not much has changed. EUR yields are still much higher then dollars, though the difference is getting smaller. Did you see Wall Street yesterday? Not much cheer there.
In dollars favour are lower commodities.
A higher dollar could eventually give the Fed room to lower interest rates. But we are not there yet.
Picking a bottom is dangerous, but tempting. After the rout over the past 24 hours we might see some more pressure. Later today some position squaring expected.
GL.

By guaranting the FNM FRD Debt Paulson has created multi trillion dollar asset class that is explicitly guaranteed by us tax payer. this asset class yileds significantly more than Germna Bunds which will dra a huge inflow funds from EURO to USD.

Thanks-Kavi

u r right......... i must be in denail........ all the numbers are off 100 pips exactly......... LOL...
denial as not in my wildest dreams would I ever dreamt of it.....
s/l at 51.40 triggered... have 3 lotsw running from 5153-57, s/l were placed 5120 on them........
they are still alive and im promising myself the only ammendment i would do is to place the stops on breakeven once and if we go above 5200...... otherwise no changes...........

Im in big red........... i must have gotten very stupid......... break of 5385 i should have stopped out at 5370 as originally intended.......
given the gains for the weeks and gave extra on top....... now unless these longs could atleast come to around 5275 i would be quite happy.......
the 3 longs i have are the only trades i would be acquiring today.... no stomach for anything more....
my weekend just started and i will only check ( try to) once the is over to see what all happened.......

retrace are begging to be kicked in........ will they............ dunno........

could this be any sort of intervention.......... may be Trichet finally told his pals to get rid of the Euro..............

wait a min........ this is what helicopter Ben and Paulson meant for the last 5-8 months.....................

something is off the table and not seeing it.......

GL ALL.............

__________________
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...

I feel with you stryker, been stopped out of 3 longs overnite @ 5272 as well but hedged some of the longs taken @ 5350 down to 5300 yesterday evening ......also went short today in the morning @ 5220 down to 5165 after having seen my stop being triggered and having seen further weakness to come - so all in all very slight losses due to hedges on the way down BUT I would not have expected this quick drop and am dissapointed as well--it would have been just too easy shorting € on the way down- should have kept my short entry @ 6020- lol

Well, 5120 taken out....any other guess for the low number?
Today it feels so much like capitulation day.

weak weak weak price action. Where will this end? 1,5050 here we come.
GL.

It seems like some hedge fund is being forced to liquidate by the onesided trade. virtually tere is no bid for euro and gbp

After yesterday loss I was really pissed off. What a stupid idea it was to piss in the wind. But considering situation I got of this situation really good (considering everyone else). I m in plus for a week (onnly 2%) and didn't make a single trade since yesterdays long. Was busy with some other things. (too bad.. I wouldn't be longing). Will stay away from market for a while... things are very messy right now.. and yes if you remember what price action it was at 1.55 and 1.54.. thing to remember... big move is up.

Reversal? Hm.. . don't belive in it.. hope for 1.54 or 1.55.. put in shorts and forget about them. That is strategy for me. High dollar could help up the stocks, which is good news for me too (red is my color there).

GL everyone!!

Any ideas on where this will stop? Under 1.50 or even 1.49?

what is the next support that needs to be tested?

I haven't slept yet...but at least that is because I am riding the slide and trying to make some recompense for my previous losses (big losses). If only I could have used a larger lot size, but just wasn;t possible with account so low.

I was on my way to becoming like Reuben in Ocean's 13 when Mr. Bank took everything from him

I am afraid to take a nap. It's 4:50a here in the Rockies

Anyone else out there just letting their account ride this out? If so, for how long?

I would just love 1 hour of sleep, but I am afraid of some unforeseen reversal.

it's at 5112 now -- just got near 5105.

Anyone with an educated guess out there? I really don't want to screw up my exit.