Discussion in 'Trading' started by ASusilovic, Jul 6, 2011.
=SHORT SQUEEZE IN PROCESS
Only because the fundamentals of the Euro are not that constructive for major declines.
Lesson No 1:
Currency Dealing desks in London donÂ´t care about "fundamentals".
So what you're saying is that instead of being short at 1.42 while it does a run toward 1.50, you are now long at 1.44 while it is heading south?
No Euro short squeeze !
EURUSD short @ 1.4483
DOW/SP500/FTSE/DAX still indicate impending retracement.
DOW futs last 12,502
You got a ECB rate hike coming tomorrow
well. i missed out both of sell offs today and yesterday. now i have to sit still and swear about myself. 1.433 isnt the best place to go long nor short.
More than 90% is small traders lose. They just lose!!
I am short euro - just not against the dollar. The Euro is a doomed currency, but the fundamentals don't support large declines against the dollar - especially with the Chinese buying three times a day.
Better to short it against Asian currencies right now, or even eastern European ones.
During any trend longer than 150 pips, you can be fully sure, that 95% of retail traders hold losing trades in the opposite direction.
I've worked for a small FX broker, out of 550 total accounts it was ALWAYS,
ALWAYS the case.
there are two things infinite in the universe....
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