yes, smart traders prudently lose money every day by getting stopped out dumb traders average down and take one big loss see the difference?
whats this UniCredit and a few other banks not complying with Dodd-Frank and registering with CFTC. "Risks big US/rest-of-world division between OTC derivatives markets" news. Not sure the effect this would have on markets. Small positive Italy formed a gov... could see early relief maybe.
man, I hope not. I have been short that eur.usd since the beginning of time I took a very nice profit, but I can't remember if that even paid for all the small times I got stopped out then I started selling it all the way up now I am short a full load at 3059 with a stop to start scaling out at a loss at 3099 I don't care if it goes down, but it is really going to take a toll on me psychologically if it keeps going up like I said, 3099, "Take it! Take another little piece of my heart Baby You know you got it if it makes you feel good"
I am guessing not much volatility early in week, around 3050/70 mid point of this range. Id like to buy shots down toward 2950/00 not sure it will go though. I'll let this sort itself out, ECB and NFP this week.
just another losing day for me, 26 pips against me on the open, oh well, the bulls need relief, and I am glad I could do my part giving it to them but they are starting to wear out their welcome they have my back against the wall, no more money I am willing to commit to short eur.usd so we will just have to see if they will be as polite to me as I have been to them I know my damn starts breaking at 3099
to the bulls, you're just liquidity... nothing more nothing less it's just business. on a serious note, 26 pips is a tight stop. I'd have a stop above 3110. In the early part of the week with all else being relatively steady I'd look to fade at anything above 3125/30 and below 2980. If I had to do something.
oh, don't worry, if things keep moving against me, I'll have a stop above 3110, but by then it will be protecting less than a full load, I'm not a very good guesser when it comes to which way it is going to go, but I do ok when it comes to how much I should bet that's why this time of year, I take some comfort in my illegal baseball betting account. Always the same amount, no matter what just happened. Once you start averaging down, then it all becomes a matter of position size to each his own, some like guessing, I like position sizing either way, you have to guess I just find when it comes to eur.usd, I am not a very good guesser but that still doesn't stop me from guessing and you were right, and I was wrong, a little relief on the open Sunday night, just like you guessed