PA, S/R, ZL, EXTREMES & MOMO

[FXfreak]

i have a question to all fundamental-traders: i read that the sharp drop in the asia-session was a result of japans current situation.

but why? shouldn't the euro-zone and usa be influenced in the same way? i thought only the yen-crosses would be influenced heavily. but why seems the euro to be weaker than the dollar in this situation?

[scratty]

not a fundamental... just write what i think:

- dollar is strong because of the oil price coming down (also against Euro)
- Oil is coming down because a big oil consumer (japan) is needing much less oil bec. current situation...

other opinions?

[spa]

read somewhere a theory that because nuclear plants will be stopped/repaired/ etc Japan will have to import more oil to cover the reconstruction effort

[ajaymein]

Woke up...in and out a quick +20



Man...I went to sleep early in the asian session yesterday and missed a hell of a lot of good action!!!

[newscalper]

read somewhere a theory that because nuclear plants will be stopped/repaired/ etc Japan will have to import more oil to cover the reconstruction effort

They're also going to need electricity from elsewhere so there'll be increased demand in other areas too.

[ajaymein]

Woke up...in and out a quick +20



Man...I went to sleep early in the asian session yesterday and missed a hell of a lot of good action!!!

Could have went back to sleep and been done for the day had I stayed in an extra 5 minutes.

[scratty]

In this theory i think reconstuction oil demand will be less than running the 3rd biggest economy of the world oil demand (a lot of productions are on hold)

read somewhere a theory that because nuclear plants will be stopped/repaired/ etc Japan will have to import more oil to cover the reconstruction effort

[scratty]

went out of this one much too early too...

Woke up...in and out a quick +20



Man...I went to sleep early in the asian session yesterday and missed a hell of a lot of good action!!!

Could have went back to sleep and been done for the day had I stayed in an extra 5 minutes.

[cwn6161]

Out of my usdcad trade for +160 pips, and out of my eurusd trade for +110. No reason not to exit after that momo.

I almost shorted GU the same time as EU last night, but I thought it would be too risky to be sided so much towards the dollar. That was pretty dumb - if I see a move I should take it!!

[newscalper]

Crazy day. 3 times the average range. Take profit, hold for more. Gaaahhh
I know it will come back down. Just this 3 bar thing is throwing me off on exits. If I was trading normally I'd say it's in a supply zone now and think about cutting, I mean 170 pips off a 10 pip stop is not to be sneezed at, don't want to give too much back yeah? What a to do??