Well the only thing that I hate about moves like that is that they completely screw up any setup I might have scalped for the next 30 mins or so. Too much whipsaw to jump in now, so I guess it's dinner time

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All I can say is I'm glad I had my 3 pip SL in place, lol

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Was that really stop hunting? Or did something else happen?

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1.4000 option barriers being defended. Likely to be a sharp move if they get taken out

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Hmmm...I do way better scalping than I ever did on longer horizons, but maybe I'm in the minority. I think that some people make better scalpers and others make better investors.

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Haha, I like that...

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Does anyone know what the name of this formation is? A reverse wedge or triangle? Or is there another name?

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Obama said he wasn't going to let a weak EU create a strong dollar haha. Only way to help equities is through weak dollar so US does what it has to

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Was reaching for mouse button to close out loss on my longs and eur pops 100 pips. Man I'm glad I didn't decide to close 5 seconds earlier

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Read it on the wire. Computers programmed to buy on dips all went long on the move. I'm guessing that's why it spiked all the way back up before settling down

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Man, got caught with my pants down on that move, but have been able to make up a lot with some furious scalping. That move triggered buys of 100 million euro from models and funds. Hopefully they know what they're doing haha

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Just woke up to a nice drop, time to look for long entry.

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So far a 26 pip range, no real news, just range trading. No one has figured out if euro or USD is worse will buy at 4395 and sell at 4420

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Well it's a good amount for me, but probably nothing for a lot of traders. Thx tho

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4 lots (400,000 units)

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Just rebounding from that drop earlier I think, but was long four big ones so I'll take it

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Gaps really are rare in forex. I've found that when people on this forum talk about gaps it is because they have brokers that don't let them trade the early hours on Sunday

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Monday night I fell asleep with a trade open (no SL cause I was scalping) and when I woke up I was 2% down. I was pissed off all week over that. 60% in a day is ridiculous. Reminds me of a guy that used to be on this forum named Exsilium about a ...

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The thing to realize here is that you already lost half your account, whether or not it is realized. The most important thing is net asset value.

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Wow, some nice whipsaw action today. Glad I didn't close my long that was taking a beating. I would imagine the move up may extend as liquidity is low and most of the move down was precipitated by good NFP numbers

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