Thursday, January 21, 2010
#5+6 MADNESS
#5: take a look at the euro on steroids hahaha....all of a sudden and out of nowhere price just starts rocketing upwards...literally within 1 or 2 mins we're soaring upwards and it's times like these that are extremely confusing..im scouring my sources to see if i can find some sort of reason for this move whether it be an unexpected news release or some large bank or trader buying up euros but i see none...i hopped in a short as price stalled around 00...it danced around here but then broke up even more and i exited...clicked my trade panel when price was at 07 and i got a fill way up at 14, just goes to show u how fast price was moving...weird but then i found out president obama had come on the news announcing tougher regulations on u.s. banks and talking about the need for a weak u.s. dollar...so there's the reason the euro shot up thanks for the -14 points mr. obama sheesh
#6: waited and once we were way too high i got a solid move back down..i shorted as we passed thru the tma and was paid as we dropped off almost as fast as we had moved up..grabbed about 17 on this so made back the huge loss and then some...normally these sharp moves give a nice reversal for some pips too...im out of the market till this thing calms down
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