Good day everyone. Some people probably made their career best trades yesterday and those idiotic traders without stops lost all they have. "Blame Electronic Trading for Stocks Plunge" NYSE Official Says.Last night was pretty interisting with alleged "Black Thursday", what a big "ballsup".I hate that it happend, cause now the euro markets is more volatile and for my method of trading the stops has become too big to enter. Damn I could of made some bucks since last night. Well we know for sure that there's some people who started to party out their bucks from last night. We talking about sudden billions, yes billions that came into a unsuspected market. I believe the euro and the yen is going to make some big retraces.Let's take a look at the EUR/USD:

The black horisontal line just under 1.2900 is a good target I would say to watch (if I was able to get in at 1.2700 that is). Trendlines are broken, yesterday's weekly broken support, seems to just have been a spring affect, or it's making the pullaback to get some extra downward steam. Here's the 4hour for the confirmation.

Just be weary of the 1.2805 price, for there being some strong resistance.Let's wait and see what will turn out, but every market and stock is running around trying to recap the losses of yesterday. Fun fact, there was one company which $50million stocks plummeted 90% and then regained a few hours later. Damn that's some panicky stuff I would say. Hope the board of that company didn't get any hart attacks.well, enjoy the weekend and happy trading.Live long and prosperous.
On Friday May 7th, 2010 at 02:01PM by jiolany - Like - 0 People
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On Monday May 10th, 2010 at 02:50AM by buruguduy - Like - 0 People
On Monday May 10th, 2010 at 05:07AM by lukenn - Like - 0 People
On Monday May 10th, 2010 at 08:28AM by Pipmonium - Like - 0 People
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