dude I dont really care about what 3rd valley etc. The last thing is never long @ all time high levels. I will be shorting euro. the europe will screw themselves if the euro keep going up like this, all their economic is slow down. ECB have to cut interest soon. Hence No euro long for now.

Last long profit taken bank another 350pips. Euro short time.

I am not buying GU. The best stradegy is to wait short the GU, BOE just vote 8-1 to cut interest rate, long GU is nuts.

Dont call me sifu lah.   Everyone is sharing his knowledge here. I'm just sharing what I think in my mind.

I'm base on fundamentals, no technicals. I dont play stop loss. None of my positions have stop loss because I dont want to get stop hunted. Before I enter a position, I already calculated the possibility of winning, then I have a plan to cover my drawdown if the market go against me. When the market turn back up, I just close my position for breakeven or with minor profit. 

Yes you are right, giving with the price level, no one on Earth will long high up here, unless the guy has burn his mind. The Europe have their growth problem too. Things have not surface, something like b4 US subprime,everyone was thinking US was doing good, but when the sub prime issue surface, things change. Unless their CPI go hot like from current 3.2% to 4% otherwise their growth problem is more important to them than inflation.

I pretty sure the Europe growth problem will surface this year. ECB will have to cut rates at least 1-2 times to cool things down. A 25bps cut from ECB have much larger impact than Fed cutting 50bps, after they holding rates for so long now & giving the value of Euro is soo overvalue. It will drop very fast, may be to 1.40-1.43 in short period.

nah... im quite comfortable right now my sifoo does the trading for me... 10% profit monthly not bad liaw 4 me by doing nothing.. hehee.. 2 lazy nowdays... hehehe

aloo everyone....feeling sad this week...i don't know why i lose so much...now my free margin only 2k....from 10k capital....

now im thinking of feng shui!!!.....start trading in a wrong day!!!!...arghhhhhhhhhhhhhhhhh!!!!!