Well, that put the bada back in the old bing, and the cha back in the old ching...
FUBAR...
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DislikedThat makes you lucky.
Gambling against the trend is a losing strategy.Ignored
DislikedThat makes you lucky.
Gambling against the trend is a losing strategy.Ignored
Dislikedfor all wondering what senate passing the bailout plan will do to eur/usd think back to monday when the vote failed...the euro gained 150pips on the dollar which was recovered after....now if the vote passes today in the senate there will be 3 possibilities
1)spikes up followed by big move down
2)spikes down followed by big move up
3)big move down
vote fails
a repeat of monday is likely
i chose #1Ignored
DislikedHmm.... I like your ideal
Anyway I had put a limit short at 1.4092 with tight SL at 1.4107 TP 1.4.
Is a bit of gambling as 92 will be the upper wall.
Maybe it just won't hit my limit short. If no nothing to loose if yes possible making 92 pips in few minutesIgnored
Dislikedfor all wondering what senate passing the bailout plan will do to eur/usd think back to monday when the vote failed...the euro gained 150pips on the dollar which was recovered after....now if the vote passes today in the senate there will be 3 possibilities
1)spikes up followed by big move down
2)spikes down followed by big move up
3)big move down
vote fails
a repeat of monday is likely
Edit:note how 1.4047 is still the value were playing around....i have a strong "feeling" the moment we make that a resistance the move down will follow
i chose #1Ignored
DislikedI agree with you
do you like me today?
But I gambled a bit today with the big support of 1.40.. but didn't enter long until I saw the double bottom. it is a big support in my weekly channel chart...Ignored
DislikedThe bailout bill will pass the senate. Everyone knows it. The reason why I think the EUR gained so much against the USD when the house rejected the bailout plan is because it was a BIG surprise. Most people thought it would pass, but it didn't. If, for whatever reason, the senate too rejects the bailout bill, then look out for EUR to again!Ignored
DislikedWell it depends on what chart you are looking at. 1 hour? 4 hours? 8 hours?So you mean to tell me that any trader who makes money trading against the trend is just lucky? I beg to differ. Many traders can look at a chart and all see different things.Ignored
Dislikedi think it will break 1.400 again this week. it's so close to it...Ignored
Dislikedi think it will happen in the next 120minutes...in other words the 4h candle closing below itIgnored
Dislikedbased on what you just said the only possible direction is down but you just said some time ago theres no reason to break 1.4000 until friday so tell me...what are you views now? im quite curiousIgnored
DislikedExactly.
Counter trend traders have better luck in Vegas.
Simple probability theory.Ignored
DislikedIf that's the case, then you don't need to follow the news, no need to follow the market, no need for all of us to exchange ideas/advice on here. Just pull up your chart and if the trend is upward, enter a long position regardless of economic or market indicators or any other factors.Ignored