Yes - and there are no shortage of fools here at ET who would think just that. But scribblers know. Oh yes. The scribblers know .... :eek:
Oh, gee, you caught us out. But what's important is that you caught that downmove. Not only that, but having studied the material you knew exactly where to enter.
Apparently a knee-jerk reaction to an economic report in Japan. But then the BTFD'ers came storming in... so, no worries.
very strange, happened at 02.55 CEST and was over within 2 minutes. no news at that time. also Japanese markets didn't follow this reaction. Most probably a lot of SL got hit, when the chart broke the major support line in H1. Still very strange!
you sure it was at 2.55am? german manufacturing pmi came out at that time, a big number, but it was in line (slightly better) with forecasts edit: scrap the above, cest is european time! at 3am cest, the chinese manufacturing pmi came out, i thought it was that, but again pretty much in line (slightly better) with forecasts
Very often at eod traders exit manually or automated - with a long weekend coming up and things uncertain in Europe/Greece, some might think better safe than sorry.