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Lol. Reaching at imaginary straws again? So how much of your bros money have you lost? Are you forcing him onto welfare yet?

Still buggering your bro, Atticus?

Damn that mirror!!

up up and away! Its about time. Targeting 1.32.

I'm still long from 2996. Oldtime, I never exited that trade we discussed several days ago since it didn't wipe out my profits earned during the day I entered the trade.

It is very sad to see what may have been a great mind, disintegrate: badly damaged, frayed, short circuiting wiring. Very sad. I pitty you Jack, but wish you well in your old age.

Whether you're a bull or a bear, no matter what it is you're trading, you will be taught a lesson about over confidence. :D

Oldtime, I set a 200 pip stop, but I was not expecting to have to use it. The largest part of the drop occurred while I was away from computer helping my wife. I missed my entry point for another long, thank god. Now I'm just sitting and waiting to see how much lower this will go.

I thought you often added to losers? Or are you just joking. Havent hit my stop yet. I'm still up 20 pips for the day. Debating if its the right time to enter with another mini lot.

What do you think, oldtime? Double up on my badly tortured long?

Oldtime, what the heck did you do to my nice Euro? That was really mean of you!!! :D :D

Good for you. I, on the other hand, am getting clobbered by that last down leg. I am long from 1.29962.

How was that for a perfect call. Not only did it hit the 1.3045 where I exited my long, but it also went back to the center of the long candle ( 5 minute chart) when Europe woke up. :D :D Anyhow, enough bragging. Better get my ego under control or I WILL start losing money

limit. 1.3045. I think its going to stick in this range for a couple of hours until Europe wakes up. I don't have a stop. Basically, I have set a loss limit of $200 for every 10,000 (mini lot).

I think you're very right, and every trade I make has similar boundaries for my limit and stop. Long again at 1.30265

Sorry about that. I don't mean to rub it in. However, yes, I am rather pleased with myself that I have recovered and moved beyond all of my accumulated losses over the last two+ years thanks to this EUR/USD pair. I began my contribution with the point that I don't understand why people are...

... despite the fact that "you know it", you're still short. Does that answer your question? If its already priced in, nothing happens, or it goes against you a little. So, you get out of the trade and move on. Which leaves you with either a little loss or a big gain. If we were to say...

And don't go long right now. When Europe wakes up, the EUR/USD will be dragged down to atleast the middle of that large candle. My highly educated guess! :D :D

Oldtime, that quick move was almost (85%) guaranteed. A resolution was inevitable. That's why I went long at the end of the day Friday. The big move was either going to be the result of a weekend decision or decision a short time later. Either way, EUR/USD was headed higher.

I don't know how you guys thought about all of this on Friday, but my thought process went like this. Either they will find a resolution this weekend or it will be delayed, but a resolution will be found soon no matter what. If delayed, EUR/USD will fall a little, so after the fall double...