Guys: what to do with EUR/USD? It is now at 1.3235. Will the retest of 1.2332 fail? Is smart money hiding at 1.3232?
How could the dollar trade in the green after a cablegate? Is technical trading more important, and only when sellers of eur/usd are done for today will the pair rally to reflect fundamentals? I have a feeling that days from now if the dollar goes down, they might say "dollar is down because of cablegate", but how could that be correct when the dollar is now up?
Futures going higher and higher by the hour, looks like by tomorrow morning futures could be easily up over .75%, risk free returns, Friday markets had a small slide down but within the first few minutes tomorrow morning they will have erased all of Fridays losses. Tomorrows news on wallstreet is going to be nothing else but about how many people are going to go into work tomorrow to start buying more useless items from online websites for christmas, more hyped up news about how the dumb consumer is going to spend more money than last year on the web. Let the hyping begin. Futures S&P FUT 1190.0 _ 6.8 +0.57% DOW FUT 11082.0 _ 52.0 +0.47% NAS FUT 2154.5 _ 8.5 +0.40% OIL 84.38 _ 0.62 +0.74%
Cablegate was a yawner - nothing particularly surprising or noteworthy. Seems Wikileaks prime objective these days is pimping Wikileaks.
I bought eur/usd at 1.3232 and below. I should loaded a lot. It is now at 1.3285. I knew it. No they would start saying it is because of wikileaks. Maybe I should get myself out at this level. I always get screwed when I should not. Damn it, it seems going higher. Pray for me that it retreats so I can get back in my position. I lost my position, and I cannot go back in without a retreat.
now 1.33. I feel I did a stupid move to sell early. The guy who bought from me did not have even a few pips loss so far. He got a good trade. I took all the risk from down in the 1.32 area, and s/he is reaping the significant rewards, and I got crumbs. The guy who bought from me got 15 pips profits in 5 minutes. I had to sit and wait, and suffer and only got in 50 pips in 8 hours. That is only 5 pips per hour. Compare that to 3 pips per minute.
What sort of comments in there trying to explain which cannot be explained from external factors? If it cannot go below 117, it has to rise. The short sellers below 117 would buy at certain point. Don't you think? Guys: if you are buying something on the web (amazon or others) let me know. I have a link if you click it before you buy and cookies are allowed, some of the money that would sit in amazon's/etc pockets would be sent back to me. You will get it anyway, so it should not bother you to use the links. I however bet that you would rather leave all your money with amazon/etc than have amazon/etc send some of it back to me.