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99 Posts Total by "eelman":
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Eelman
(Maine, United States)
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Eelman
Maine, United States
Posts: 93
14 years ago
Feb 18, 2010 18:44
In Thread: GBP Trade Index 18-Year Chart
I have often seen choppy/volatile currency trading...but this gbp/usd is insane lately!
Eelman
Maine, United States
Posts: 93
14 years ago
Feb 17, 2010 20:26
In Thread: GBP Trade Index 18-Year Chart
Pipped... that must have been Joe Terranova. I remember him recently saying you must have exposure to oil. The next day it dropped from 77 to 73, the biggest % drop in one trading session ever!
Eelman
Maine, United States
Posts: 93
14 years ago
Feb 17, 2010 12:58
In Thread: Capping Euro's Rebound
Amiro

I think you need to ignore the daily news flow and focus more on the technicals. Nothing has really changed with Greece, the Euro was simply oversold. It was time for a counter-trend rally. Likewise, often great news can come out that should send a currency higher. However, if that pair is seen as overbought, traders will take profits and it will plummet. The news flow typically just provides moments in time that can be used as excuses for a rally or a sell-off. The logical common sense reaction to a news report is often the wrong hand to play.
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