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EURUSD

  • #20,201
  • Aug 13, 2008 12:22pm Aug 13, 2008 12:22pm
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  • #20,202
  • Aug 13, 2008 12:28pm Aug 13, 2008 12:28pm
Quoting seesaw
Commodities are rallying...
I knew there was an outside influence that was creating this irrational late day run.

I do need to watch Oil more closely.

Just makes shorting easier.
  • #20,203
  • Aug 13, 2008 12:37pm Aug 13, 2008 12:37pm
I am now entering in a risk free trading zone
  • #20,204
  • Aug 13, 2008 12:44pm Aug 13, 2008 12:44pm
do I hear 1.4950
  • #20,205
  • Aug 13, 2008 12:51pm Aug 13, 2008 12:51pm
I'm most recently long from 1.4917... I hope you're right.
  • #20,206
  • Aug 13, 2008 12:53pm Aug 13, 2008 12:53pm
Quoting mokonni
do I hear 1.4950
Another great selling opportunity.

CTA's looking to sell at these levels.
  • #20,207
  • Aug 13, 2008 12:59pm Aug 13, 2008 12:59pm
first target 4968

Quoting Rocroy
someone still with me in this trade?
Quoting Rocroy
hey, looking good

if you entered, don't close too soon, could be a runner
Quoting Rocroy
http://www.forexfactory.com/images/buttons/viewpost.gif
i'm long at 4860, a bit early perhaps
  • #20,208
  • Aug 13, 2008 1:01pm Aug 13, 2008 1:01pm
this is to tundy88 and ife.wd love to interact with you guyz.it is been quite difficult 4 me as an upstart in this biz.looking up to u older guyz
  • #20,209
  • Aug 13, 2008 1:06pm Aug 13, 2008 1:06pm
Does anyone think EUR will go up post GDP data?
  • #20,210
  • Aug 13, 2008 1:11pm Aug 13, 2008 1:11pm
Quoting seesaw
Does anyone think EUR will go up post GDP data?
No, sell all your Euro's you can right now in front of the daily pivot. If it breaks 1.9450 with momentum, buy in.

Another recommendation would be to buy EURUSD after the GDP numbers.
Pippin ain't easy, but it sho is fun!
  • #20,211
  • Aug 13, 2008 1:15pm Aug 13, 2008 1:15pm
Quoting kodie2006
No, sell all your Euro's you can right now in front of the daily pivot. If it breaks 1.9450 with momentum, buy in.

Another recommendation would be to buy EURUSD after the GDP numbers.

That's what I was planning on doing but the way my trading has been going lately I'm wondering if I'm totally off base!
  • #20,212
  • Aug 13, 2008 1:21pm Aug 13, 2008 1:21pm
Quoting seesaw
That's what I was planning on doing but the way my trading has been going lately I'm wondering if I'm totally off base!
Euro will now head back sub 1.4900 into GDP. USDJPY will start to head back toward 110 level.
Pippin ain't easy, but it sho is fun!
  • #20,213
  • Aug 13, 2008 1:25pm Aug 13, 2008 1:25pm
Quoting kodie2006
Euro will now head back sub 1.4900 into GDP. USDJPY will start to head back toward 110 level.

Thanks, patience is not my forte. Alas for my account. I need to be more of a yogi...
  • #20,214
  • Aug 13, 2008 1:33pm Aug 13, 2008 1:33pm
Quoting kodie2006
Euro will now head back sub 1.4900 into GDP. USDJPY will start to head back toward 110 level.
Even if you believe there's an upside potential... and there isn't... why would you want to be long in front of those numbers?
  • #20,215
  • Aug 13, 2008 1:34pm Aug 13, 2008 1:34pm
Quoting acumen
Even if you believe there's an upside potential... and there isn't... why would you want to be long in front of those numbers?

Actually I don't at all. I'm doubting my logic at this point because the last few days my trades have been absolutely horrific.
  • #20,216
  • Aug 13, 2008 1:39pm Aug 13, 2008 1:39pm
What numbers are you guys talking about?

Maarten
  • #20,217
  • Aug 13, 2008 1:41pm Aug 13, 2008 1:41pm
Quoting Maarten999
Hi guys. I just want to share something with you. I did just a minute ago the most stupid thing. This day was going very well for me (100+ pips) and I just thought I figured it all out, so I took a position with way to much leverage, and then the market moved against me. The moment I clicked on the order button I new that it was wrong what I did, but then I stayed a few minutes with my position. Result: all my profits of the day gone.

I feel so stupid right now. I now that it was wrong, but greed just took over. I just wanted to give my account a little boost, but that was the most stupid thing I have ever done.

Well, I am still learning, and because I just started trading forex (monday) I will forgive myself. But this will never happen again. As god is my widness I will never trade with more then 5% of my account.

Maarten
I've been trading for about 6 months, now. My first two weeks were fantastic. I had a plan, I was hitting targets and I was getting pretty comfortable - almost cocky. Then, with one trade, I pretty much liquidated my account. It was a day just like your's... I had hit my "quota", locked in a profit for the day and should have stopped. But nooooooo... just a few more pips...

I've since redeemed my account, broken even and even gotten back in the green again, but when I go back and look at those times that I've lost money in this market - 95% of those trades have been on days where I had locked in profit and went for just "a little more".

In my list of trading rules, rules #1, #3 and #9 are "Don't be greedy." Amazing how breaking those rules really does hurt...
  • #20,218
  • Aug 13, 2008 1:44pm Aug 13, 2008 1:44pm
Quoting Maarten999
What numbers are you guys talking about?

Maarten
Like blew my account because I was overleveraged and bad stops and that crap. 2k wiped out. like that
  • #20,219
  • Aug 13, 2008 1:46pm Aug 13, 2008 1:46pm
Quoting acumen
Even if you believe there's an upside potential... and there isn't... why would you want to be long in front of those numbers?
It's about this thing could explode either side before those numbers
  • #20,220
  • Aug 13, 2008 1:47pm Aug 13, 2008 1:47pm
FRANKFURT (Thomson Financial) - Germany's GDP contracted by 0.5 to 0.7 percent in the second quarter from the first, Bild newspaper said, citing government sources.

Second quarter GDP data are due for release on Thursday. If confirmed, the quarterly contraction would be Germany's first in four years.

Translation: Bad News.
Separately, European Central Bank Governing Council member Axel Weber - also president of the Bundesbank - told the Stuttgarter Zeitung that Germany's GDP might have fallen more steeply than expected in the quarter mainly due to high energy prices.

Translation: Worse News.

Economists and central bank officials have said the domestic economy will experience a technical correction in the second quarter because of exceptionally strong first quarter growth.

Translation: Worse than bad News.

This was due mainly to the mild winter, which gave an unexpected seasonal boost to the construction sector.

First quarter German GDP grew 1.5 percent in seasonally, price and calendar-adjusted terms compared to the fourth quarter of last year.
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