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EURUSD

  • #17,601
  • Aug 4, 2008 10:43am Aug 4, 2008 10:43am
Quoting Schminner
Why did it just plunged ???
Not just EURUSD, oil too and dow went up.
  • #17,602
  • Aug 4, 2008 10:46am Aug 4, 2008 10:46am
Quoting Schminner
Why did it just plunged ???

oil plunged big time now. will drive the indices higher giving dollar some strength.
  • #17,603
  • Aug 4, 2008 10:47am Aug 4, 2008 10:47am
Quoting finian204rea
thanks man i appreciate ok

did you close your long with a profit
  • #17,604
  • Aug 4, 2008 10:55am Aug 4, 2008 10:55am
GU tanked to 1.96, if goes up from there, it should help
  • #17,605
  • Aug 4, 2008 10:59am Aug 4, 2008 10:59am
today was a great day for all who bought 5550 rode to 5620 and shorted hard

say cheese' because we talked about this picture perfect play for hours before it happened
  • #17,606
  • Aug 4, 2008 11:06am Aug 4, 2008 11:06am
how many took advantage of the high to sell?
  • #17,607
  • Aug 4, 2008 11:08am Aug 4, 2008 11:08am
Quoting freetrader
how many took advantage of the high to sell?
I was not by my computer (but probably wouldn't have done anything, still going break up now or later), still long aussie& kiwi
  • #17,608
  • Aug 4, 2008 11:09am Aug 4, 2008 11:09am
Took partial profit 1.5565, Oil seems to stabilize at 120$, DJI on Monthly Pivot, forecast EUR / USD floating around Daily Pivot of 1.556.
Still some shorts open for possible lower close by end of US Session

Time for a break..relax..dip in the pool..

Just my 2 Cents...
  • #17,609
  • Aug 4, 2008 11:12am Aug 4, 2008 11:12am
Quoting Clouds
I was not by my computer (but probably wouldn't have done anything, still going break up now or later), still long aussie& kiwi
Clouds !! that's what I call attitude .. I'm also still holding my positions on aussie
... /$ -> LONG
  • #17,610
  • Aug 4, 2008 11:13am Aug 4, 2008 11:13am
Quoting freetrader
how many took advantage of the high to sell?
i did at 5615...looking to close all out here at 5565 to lock profits
  • #17,611
  • Aug 4, 2008 11:13am Aug 4, 2008 11:13am
The way it looks now, I'm dropping the bull view, at this time euro looks smoked. But of course let's wait for 55 to confirm.
On the path to Enrichment.
  • #17,612
  • Aug 4, 2008 11:20am Aug 4, 2008 11:20am
Do you traders mind sharing what time frame (periodicity) you generally trade on?

How long are you generally in a trade: tics, sec's, min, hours, days etc what frequency do you trade?

What type of data do you use to trade you prime frequency? ex. If I trade on the milliseconds time frame I use tick data...

do you use mostly: chart type decision support tools, or more event driven strategies, arbitrage strategies, etc?

Thanks
FreeTrader
  • #17,613
  • Aug 4, 2008 11:31am Aug 4, 2008 11:31am
Quoting MaZae
Clouds !! that's what I call attitude .. I'm also still holding my positions on aussie

OK what's with the long aussie? Are you guys thinking the rate cut is already priced in?
  • #17,614
  • Aug 4, 2008 11:35am Aug 4, 2008 11:35am
Quoting seesaw
OK what's with the long aussie? Are you guys thinking the rate cut is already priced in?
.93 is a previous base, lot of support at .93, and its' gone down 550 pips since the high, i dont expect it to lose 10% of it's value over night, also they probably aren't cutting rates, last time they said their policy is working fine, and only bad data for last 2 months, not for past 5 years, and I have sl, all my reasons, before rate decision i may not keep trade, just depends
  • #17,615
  • Aug 4, 2008 11:42am Aug 4, 2008 11:42am
hi Clouds
time nice 4 short EJ
  • #17,616
  • Aug 4, 2008 11:46am Aug 4, 2008 11:46am
Quoting Clouds
.93 is a previous base, lot of support at .93, and its' gone down 550 pips since the high, i dont expect it to lose 10% of it's value over night, also they probably aren't cutting rates, last time they said their policy is working fine, and only bad data for last 2 months, not for past 5 years, and I have sl, all my reasons, before rate decision i may not keep trade, just depends
Waiting for tomorrow, on sidelines now
  • #17,617
  • Aug 4, 2008 11:53am Aug 4, 2008 11:53am
Quoting freetrader
Do you traders mind sharing what time frame (periodicity) you generally trade on?

How long are you generally in a trade: tics, sec's, min, hours, days etc what frequency do you trade?

What type of data do you use to trade you prime frequency? ex. If I trade on the milliseconds time frame I use tick data...

do you use mostly: chart type decision support tools, or more event driven strategies, arbitrage strategies, etc?

Thanks
FreeTrader
I'm a day trader.

My average trade lasts less than 5 minutes.

2-3 trades/session.

15 Minute utilizing pivots,psych levels and S/R.

Trade off the 5.

Cognizant of the news but the price action will tell you how a pair is doing.

Hit rate: 70%
Largest drawdown: 12%

Last losing month: July of 07 (-5%)

Best month this year: 30%
Worst month this year: 6%

Every now then I'll keep a trade open. I have an open short on the EUR/USD with no stop. I'll take profit at .5550.

I trade less than 1% on each trade.

Recored all my trades at the end of last year on my site. Then I got lazy. Keeping up with a site is a lot of work.
  • #17,618
  • Aug 4, 2008 11:56am Aug 4, 2008 11:56am
ALTRADER,

Sorry mate I just realized I told you I got 8 and 21 EMA, and I actually got 8 and 21 WMA. You pm is turned off I guess so hope you see this.

Acumen,

Very good results man. If your largest drawdown ever was 12% don't you want to consider raising the stakes a bit ? With 1.5% or 2% max risk per trade you profits could grow a LOT. Just a thought..
On the path to Enrichment.
  • #17,619
  • Aug 4, 2008 12:10pm Aug 4, 2008 12:10pm
Quoting seesaw
OK what's with the long aussie? Are you guys thinking the rate cut is already priced in?
¿what makes you think that a rate cut is not only a rumour?
no believe until we see..

seesaw, i don't have more than one year trading (for real, not paper trading) but with my little experience i've noticed that rate changes doesn't fit with theory a 100% ...
this year i've been hit very hard and every single time with those rises in rates in aussie because i traded the news and not "my charts".

another thing i know is that gold (ninety-something% of correlation with aud) have a lot of room to fly and is holding strong at a weekly fib61.8 aprox. at 900.xx ... im still waiting for a nice bounce back to 1000


best trading wishes!
... /$ -> LONG
  • #17,620
  • Aug 4, 2008 1:05pm Aug 4, 2008 1:05pm
Quoting hussin naiji
hi Clouds
time nice 4 short EJ
Hi Hussin,
Maybe, but I see it could also go to top of keltner channel at 169.5
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