Intraday FX Player

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Euro just have exhibited a one more excellent case of TA giving clues about what news numbers (and direction as a consequence) will be...
 
Quote from CFerret:

Missed the absolutely screaming reversal bar on top and this beautiful move down...
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The reversal @ 4am est was the EUR current account bal. report.
 
Quote from Banjo:

The reversal @ 4am est was the EUR current account bal. report.
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Morning Banjo,

Yeah, I watched it as a data release and even trade it (went long at initial spike up and closed b/e as it reversed)... My mistake was concentration on a failed long so mind wasn't free to see the obvious reversal down in time...
 
Bloomberg.com - May 27 8:52 PMMay 28 (Bloomberg) -- Bank of Japan Governor Masaaki Shirakawa said central banks need to look at more than just current inflation rates to develop policies that aim to prevent economic bubbles before they occur.

Carry trade remains alive and well. Money goes into mkt.
 
Quote from CFerret:

Morning Banjo,

Yeah, I watched it as a data release and even trade it (went long at initial spike up and closed b/e as it reversed)... My mistake was concentration on a failed long so mind wasn't free to see the obvious reversal down in time...
More...

Flip on da spot is hard, couldn't do it either..

I guess this is what a trader to aim for achieving, huh?


CF, actually remember Hog bashed Spy for that? Actually it make sense since most of the PA entry are either so right or so wrong, at least in my market :)
 
I'm in Ubatuba, beach community, it's a sat service for Sao Paulo which isn't very far from here. I think there is dsl here also. This is a hot spot for Embraer, the Brazilian aircraft mfg, employees, my bro spends a lot of time @ Embraer.
 
Will,

Yes bh bashed Spy for an idea of reversals, but my opinion always was - it's the top mastery if you can see a long not just stop going in your favor but transform in a short... It's the goal - to almost always see the market picture...
 
Absolutely correct, cf, I think you're a natural and just need to develope thru working, that will be harder than you think right now as personal psychological filters reveal themselves and it becomes apparent that the game is really with ourselves. The mkts are simply the field we're playing on. With FX there is always a reason dictated by the econ framework within which the TA/PA issues trading instructions. I saw a good movie last nite, Driver, with stallone and Burt Reynolds. It's about F1 racing,knowing when the moment is for the move and having the confidence to take it is a learned skillset, no fear, not reckless, just no fear.
 
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