If you trade Forex, you will notice that Euro is under attacked now! I would like to say it is a second round. Read and listen to the recent news on EU, everything is bad and negative. The 'sentiment' index in my trading dictionary indicate it is far below negative level. Bloomberg, CNBC, Reuters, CNN etc play important role to create the fear in the market. Dr. Doom, Soros and other big boys start giving negative comments on Euro zone! It is a bit funny and ironic why they only make the comment now and not during the Euro at the highest level few months ago. Think Again!
The first round of profit taking has just completed recently. I was thinking it will rebound back to at least half of the level on the position I hedged. Sadly, my prediction is wrong. They (Big Boys) whacked the pair again, Greece decent bad debt become big topic, then Dr. Doom start to talk about Spain monetary system and the negative stories continue. Overall, financial media become their source to channel the 'fear' to all the novice investors. If you are a rational player, look at US problem, it is far severe then the Euro Zone. However, the market is always act irrational which is controlled by the Big Boys.
The Forex market is a vicious arena, the big boys will make you to believe their views. They have the 'bullets' to control the games. If you are not big enough to fight them, you will surrender in the middle of the games or even knock-down completely.
As I am still at the early stages of the games, I prefer stand aside and watch the game carefully. Once the opportunities come, I will make my move.
