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More Euro Losses Ahead
More losses in the euro are seen ahead despite rallying oil prices.
Euro -150 pts since yesterday's DeadCross Article.
considering the key support of USDJPY at 90.30,expect more USD upside than in JPY vs commodity currencies. but these remain a decent alternative.
Ashraf
We have to understand that losing is part of trading, just as much as winning, and not take it badly.
I've had 4 losing trades (AUD/JPY and EUR/GBP - 2 of each) in the last week or so, big enough to hurt, not big enough to kill me, but painful because (probably) avoidable. Hope I've learned some lessons out of it. What is difficult is to resist the temptation to "revenge trade". I'm keen to climb back on the EUR/GBP horse. Every time I think "surely it can't go lower...", it does just that. However, ~0.8700 is looking like a bit of a floor.......thoughts anyone?
I'd personally like to thank the Goldman Cartel for the kiss of death on the cable rally.
What's your next call Goldman?
IN TJHE MARKET THERE IS AN INVISIBLE HAND THAT TAKES AWAY UR GAINS. ITS CALLED GREED AND PRECIPITOUS BEHAVIOUR
NOW THAT U MAKE UR MONEY ONLY TRADE WHEN U R SURE OF A TREND AND PUT THE SAUCE. IF U DOUBT DONT TRADE 'CAUSE ITS IN THAT CASE THAT U DONT CONTROL UR EMOTIONS AND THE SITUATION;
JUST ASK
1.425---1.423