I suppose a panic has gripped the euro market!! The LSE and european markets are opening under 5% as of now,fear fear fear.The asian stocks still have taken the toll.

My short TP with NZD/USD and GBP/USD have already been hit.I think the passyson TP for EUR/USD have already been hit.I think the yen need to be rebalanced cause its hurting their economy.The fear of global reccesion is still looming at large,asian markets are in panic( the emerging markets like india's mumbai has already shed 7%)

@toni Your stocks have already lost 35% of the value,thats much.Are they in NSE? Cause currently the market is still on a down lane and i think it will stabilise but not near already below 4000 pnts and still going under.Maybe you can liquidate the counters which you think they will take time to bounce back,but with the good counters i think you can take time and leave them as for sure in future it will be on track.

Liquidate the laggards as the opportunity cost of investing in forex will be big,in forex for that short period though volatile you can hit it and recover the 35% losses incurred.

@NGAATU

Closed the GBPUSD short with +90 pips profit. GBPUSD went to 1.5280. Taking a break now,we'll watch the market till evening and see whether I can enter then.

Gd Afternoon.

Am closing the NY session ( and pre- aussie session)by going short on 30pips with the NZD/USD .hoping to close the market well.

Have a goodnite @all and happy morning trade.

@NGAATU

Morning all,

My first short GBPUSD short trade for the day stopped out at - 40 pips. Yen currently losing ground too rapidly,especially in the last few minutes. Rumours of BoJ intervention. Changed my trading strategy to long GBPUSD. Currently long at 1.5720. Set my take profit at 100 pips,though watching for any signs of plateuing on the gains.

Happy trades to all!

Stopped out at -80 pips. Standing aside for now,may re-enter later.