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EURUSD

  • #13,381
  • Jul 7, 2008 1:13am Jul 7, 2008 1:13am
price hovering around 2nd support lets see what happens
  • #13,382
  • Jul 7, 2008 1:20am Jul 7, 2008 1:20am
Euro is doing well against most all other pairs, but with usd, they look about equal.
  • #13,383
  • Edited 1:57am Jul 7, 2008 1:43am | Edited 1:57am
Quoting altrader
I was just curious but do you always use the same stop loss amount each trade or do you vary it?
vary on market conditions.just like he said youd be a fool to use the same stop size. if your risk management wont permit it then you cant trade it.
"Diversification is an excuse for a lack of talent" ~FXC
  • #13,384
  • Edited 1:57am Jul 7, 2008 1:44am | Edited 1:57am
.......dam...its dropping
"Diversification is an excuse for a lack of talent" ~FXC
  • #13,385
  • Jul 7, 2008 1:59am Jul 7, 2008 1:59am
EJ above 168, next 169
  • #13,386
  • Jul 7, 2008 2:02am Jul 7, 2008 2:02am
bang on hits second support got 30 pips
  • #13,387
  • Jul 7, 2008 2:19am Jul 7, 2008 2:19am
Quoting jupiter_peak
Excellent trade! Congrats.

That Resistance there was/is an excellent critical line to perform a "bump & run" strategy sell before it and tight stop loss above it.

If you did that, you should be in nice profit!

You should do fine!!! I wish I could of traded thursday/friday.

Cheers.
Thanks. The trade is doing well for now - +60. I have a breakeven stop at +2, so nothing can go wrong for now.

I haven't been setting a stop loss for some time. The way the eu is ranging is perfect for the hedging technique I wrote into my management ea. Instead of a sl, I set the ea to open a hedge trade at the point I would have set a sl.

This way, I don't close a trade at a loss. I simply sit and wait for the orders to move into profit and eventually stop out as the ea moves the sl.

My last loosing trade was over a month ago. This makes me a happy bunny right now.

  • #13,388
  • Jul 7, 2008 2:30am Jul 7, 2008 2:30am
i would like clearer picture, i favor going long at this point, but too risky, too risky to go short, and too risky go long, will wait tomorrow
  • #13,389
  • Jul 7, 2008 2:34am Jul 7, 2008 2:34am
just go long, you bulls should believe it will go back up other than that ill be watching Alien on fox movie channel
"Diversification is an excuse for a lack of talent" ~FXC
  • #13,390
  • Jul 7, 2008 2:50am Jul 7, 2008 2:50am
Quoting FXCapitalist
just go long, you bulls should believe it will go back up other than that ill be watching Alien on fox movie channel
no, my cat is annoying me, i can't focus, all i see is it's a good time buy /jpy carries, and a waiting time to buy /usd carries. better to buy on dips in an up trend, rather than sell, because when you buy on dips in an up trend, you are almost for sure going to reach the previous high, probably higher, but it's not that way for sells. /usd and /jpy are up trends.
  • #13,391
  • Jul 7, 2008 3:12am Jul 7, 2008 3:12am
Quoting Clouds
no, my cat is annoying me, i can't focus, all i see is it's a good time buy /jpy carries, and a waiting time to buy /usd carries. better to buy on dips in an up trend, rather than sell, because when you buy on dips in an up trend, you are almost for sure going to reach the previous high, probably higher, but it's not that way for sells. /usd and /jpy are up trends.
dont we just hate distractions, ripley thinks she just killed the alien but it's in the ship with her.
"Diversification is an excuse for a lack of talent" ~FXC
  • #13,392
  • Jul 7, 2008 3:13am Jul 7, 2008 3:13am
at my earlier post today... we are now at fibo wave 3, we'll see if "down" to fibo wave 5 ... my macd will match also I think

Quoting DrConan
another thought ...
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  • #13,393
  • Jul 7, 2008 3:36am Jul 7, 2008 3:36am
Draw the 20 EMA on the 1H TF...Wait for a touch and one confirmation sell candle.
Attached Image (click to enlarge)
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  • #13,394
  • Jul 7, 2008 4:12am Jul 7, 2008 4:12am
if you're lucky it will turn on your 20

Quoting pipmac
Draw the 20 EMA on the 1H TF...Wait for a touch and one confirmation sell candle.
  • #13,395
  • Jul 7, 2008 4:24am Jul 7, 2008 4:24am
Quoting DrConan
if you're lucky it will turn on your 20
Looks like it might turn a little below it at 5656 but i'm only taking 20-30 pips
  • #13,396
  • Jul 7, 2008 4:29am Jul 7, 2008 4:29am
Quoting pipmac
Looks like it might turn a little below it at 5656 but i'm only taking 20-30 pips
Why not take more than 20/30 pips?

Once you've made 20 pips, why not bring your SL to break even, and watch it tumble?
  • #13,397
  • Jul 7, 2008 4:32am Jul 7, 2008 4:32am
Quoting AndyPass
Why not take more than 20/30 pips?

Once you've made 20 pips, why not bring your SL to break even, and watch it tumble?
It depends....If it declines with conviction i might hold...it depends how price reacts....It has alot of support at the low of the day and it stalled there twice now.
  • #13,398
  • Jul 7, 2008 4:33am Jul 7, 2008 4:33am
I've put your 20 EMA (*60) on the 1M, it's pretty near ... you have this 20 EMA all the time on EU? Or it can change day by day?

Quoting pipmac
Looks like it might turn a little below it at 5656 but i'm only taking 20-30 pips
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  • #13,399
  • Jul 7, 2008 4:37am Jul 7, 2008 4:37am
Quoting DrConan
I've put your 20 EMA (*60) on the 1M, it's pretty near ... you have this 20 EMA all the time on EU? Or it can change day by day?
You can see for yourself how it reacts to the 20 EMA or any other EMA.

If it reacts on my EMA the first time then i trade it the second and sometimes the third touch as well.

I only trade it like that if it reacts to it.
  • #13,400
  • Jul 7, 2008 4:43am Jul 7, 2008 4:43am
Anyone gone long euro?
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