Posts by "amiro"

my equity and comfort level would allow me to go to 132.00 on aud/nzd...longing from 129.00...do u think this is still a good trade?...would it be better to close the trade and re-enter? your insight is appreciated

I'm new to forex and I'm wondering about the Greece situation...so the Greece situation was unknown until what happened?...Or is it X manipulating the markets and bring up this kind of news when needed?....and X brings up different kind of news to provide support later on....Also, do things fall in a st. line in forex...Euro was @ 1.46 and in less than a month it was 1000 pips less in and yet a lot of people were thinking it would go down further within that 4 week period....y few analysts, ashraf laidi is one of them, kept it real from the beggining and said expect 1.38 by mid february....The amounts of shorts I have followed were tremendous, which made it look like the euro/usd will be 1.00 and things fall in a st. line.....In situations like this, what does a trader look at...fundamentals or technical or both or none and stay aside...the reason i'm asking these questions is because i'm new and i saw more than few people loosing on the euro shorts...if they are long term traders, i guess that could be fine but a lot of them were day traders...but even for long term traders, is it really greece, as new news, that's bringing down the euro to its knees....or is it manipulation or technical?...any response from any experienced trader is highly appreciated