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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
Bear in mind that there were plenty of rumours leading up to the weekend and the mood of the market seemed to be bullish on the hope and expectation of an agreement. Some sort of a move up was pretty much telegraphed.
@Shane: I agree about the short term moves and what Ashraf refers to as "Noise". For shorter term stuff and entries and exits I do tend to get a little more technical, although a lot of it is kind of gut feel stuff rather than really technical.
1.35 in sight
on cmc chart i have a gap from sunday open at one thirty five
if ur long think getting out
eventually trading against todays high...
if not stopped out we could be seeing lower lows lower highs into ,9200 at least
I will join ur discussion about getting out the trades,,,
My driver is: "Never let the profitable trade turn into loss"...
sometimes it is very hard to achieve that, it requires that u need to sit sticked to ur screen to set ur stop to b/e, for example...
When the conditions on the market seem TO ME weird, not convincing me to stay in the trade, i just take the profit, rather than to be heroic and hold it to my trailed stop..Even though news and data and opinions states sthg else(to stay in the trade)...That would be written in the book, to hold it, but it depeneds on everyones style and experiences..
This theme is so wide that its impossible to express jurself ust in one submission..
we still ahve momentum in the aussie economy.
they ir move has never been misinterpreted by the market or they have shot a bullet in their feet.
i wont opt for the second
agreed, this is a good way here is one of my examples. I went short cable four times for 1.48 every time it was capped at 1.5150. Trailing profits just gave me some peanuts to be content and i am very happy for that , but in reality i missed out a lot of profit. What actually happens is that we loose lot of hard earned profits once we get a bit greedy specially in relation with the present chop in the market.
Agreed but just a 140 pip max in eurusd other currency pairs had much less and they are even below the gaps now. So what if we loose one big move when we can have ten small moves to make it up for that. Seriously i am not suggesting that we should forget fundamentals all i am suggesting is giving it its due weightage in intraday price action.