As you can see on the chart, I did short 2 lots from an average price of 1735.2 down to 1713.8 (not shown on the chart and closed this morning). It doesn't mean that I don't think it will fall to support, I am controlling my risk on the trades. That's 214 pips profit in forex terms. I also mentioned that it would bounce back up after support was reached back to the late 1720s. I have not problem accepting that I am wrong.
I think that a Greek default is just around the corner and anything can happen to the market. When this event occurs, we could see the support numbers realizing (the ones that you have outlined).I have been to Greece a number of times and know exactly how these people think. They will eventually go back to their own currency for a number of reasons.
The point of investing/trading is to make money and learn along the way. I try to control my portfolio like a hedge fund.I sell paper gold on rallies and buy the asset (bullion) on price dips, when I anticipate that instos are forcing the price lower to push for delivery.
Hope this explanation helps..
Cheers
Ouzo
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