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  • #20,701
  • Aug 15, 2008 6:28am Aug 15, 2008 6:28am
Quoting Warren Forex
EUR/USD hit 1.4700, to erase any residual optionality at the figure, but option dealers now note decent sized expiries at the figure for the NY cut at 14:00 GMT. With more interest also seen into Monday. These strikes could represent a hedging of the original barriers amid the move lower.


Wednesday"s bounce proved false and the pairing made new lows around 1.4780 overnight and we finished with a small profit on the way down. We sold the break in Asia for a test of trend line support at 1.4410. Daily studies are stalled at extreme oversold readings, but the trend is your friend. Hourlies are marginally oversold. (ams) 06:00 GMT
We have been oversold technically for a week now and the pair still continues to go down. Hmmm...maybe Warren you should revise your strategy a tad bit and go short, you might be happier
  • #20,702
  • Aug 15, 2008 6:29am Aug 15, 2008 6:29am
Quoting dovgr
In case that you will have gap - in this case you will gain the gap too.
yeah thanks cos you understand my point cos when there is news u most get at least a 70 pips move so if you set 20 pips stop loss u gain 50 that is ok
cos it must move to one direction and move much for that matter
  • #20,703
  • Aug 15, 2008 6:30am Aug 15, 2008 6:30am
Finian... your idea makes sense... it can work and CANNOT work!

Every time this week i was tempeted to hedging to sell after i bought ! i would have made spot on.... waiting for the sell to get positive then close it and wait for return my BUY to positive....

Ok i tought on doing this 3 times this week and IF i did i would be succesfull! But in my mind i tought.... what if i close the positive trade, then it would go more into that position and the other would get even more negative!

It would be a even bigger loss then to just close 1 Lot of buy if your not sure of your bet!

What i mean is... after the move happens and you see in your chart.. You could play BUY and SELL at the same time easy.... But before it happens is just luck ! You can make it worth or you can completely kill your trade

Just a tought!
Peace
  • #20,704
  • Aug 15, 2008 6:30am Aug 15, 2008 6:30am
Quoting Warren Forex
EUR/USD hit 1.4700, to erase any residual optionality at the figure, but option dealers now note decent sized expiries at the figure for the NY cut at 14:00 GMT. With more interest also seen into Monday. These strikes could represent a hedging of the original barriers amid the move lower.


Wednesday"s bounce proved false and the pairing made new lows around 1.4780 overnight and we finished with a small profit on the way down. We sold the break in Asia for a test of trend line support at 1.4410. Daily studies are stalled at extreme oversold readings, but the trend is your friend. Hourlies are marginally oversold. (ams) 06:00 GMT
There is no way EU moves to or above 1.4750 before the options expire.
  • #20,705
  • Aug 15, 2008 6:31am Aug 15, 2008 6:31am
Algirdas, can you give us more info on why the euro will go down to 1.4647
Thanks
  • #20,706
  • Aug 15, 2008 6:32am Aug 15, 2008 6:32am
Some times that works some times dont.. ive seen whipsaws of more then 40pips up and down during news.... its rare for it to jump straight where it is to just one direction.... What if it hits your 20pips stops on both Positions ???? Would you be happy bunny ^? LoL

Quoting finian204rea
yeah thanks cos you understand my point cos when there is news u most get at least a 70 pips move so if you set 20 pips stop loss u gain 50 that is ok
cos it must move to one direction and move much for that matter
  • #20,707
  • Aug 15, 2008 6:37am Aug 15, 2008 6:37am
Quoting merweg
Algirdas, can you give us more info on why the euro will go down to 1.4647
Thanks
1. Trendlines going down and the channel is expected to hit that point.
2. 1.4650 Psych level
simple....
  • #20,708
  • Aug 15, 2008 6:40am Aug 15, 2008 6:40am
but maybe go down 20 pips then up 40 pips and you loss both ways
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  • #20,709
  • Aug 15, 2008 6:43am Aug 15, 2008 6:43am
Quoting Coconut
Finian... your idea makes sense... it can work and CANNOT work!

Every time this week i was tempeted to hedging to sell after i bought ! i would have made spot on.... waiting for the sell to get positive then close it and wait for return my BUY to positive....

Ok i tought on doing this 3 times this week and IF i did i would be succesfull! But in my mind i tought.... what if i close the positive trade, then it would go more into that position and the other would get even more negative!

It would be a even bigger loss then just 1 Lot of buy !

What i mean is... after the move happens and you see in your chart.. You could play BUY and SELL at the same time is easy.... But before it happens is just luck ! You can make it worth or you can completely kill your trade

Just a tought!
Peace
close the profit one when there is a retrace back to the point at which it hit ur stop loss then u did not loose cos when stop came down u also had a gain ok then start all over again ok
then u would make at least 50n pips a day
  • #20,710
  • Aug 15, 2008 6:44am Aug 15, 2008 6:44am
Quoting artsameer
but maybe go down 20 pips then up 40 pips and you loss both ways
Don't try that " strategie " on a real account when there are news. You will probably get both orders filled and stopped out. SLIPPAGE - Google for
  • #20,711
  • Edited 6:53am Aug 15, 2008 6:45am | Edited 6:53am
Quoting mokonni
There is no way EU moves to or above 1.4750 before the options expire.
I only posted the information without opinion ! Let us both watch and see if "NO WAY" comes out of this your way hopefully !

Peace Out ... Good Trading ... When Common Sense TRUMPS Ego, You have learned how to be a winner in Forex if you also have the other needed tools.

EUR/USD Bid 1.47437


Bruce
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  • #20,712
  • Aug 15, 2008 6:52am Aug 15, 2008 6:52am
Quoting artsameer
but maybe go down 20 pips then up 40 pips and you loss both ways
wen 1 retraces back to where it hit your stop loss close trade there so you dont have any losses so you start again
so swinging 40 20 dont matter
its good to use for trading the news so anywhere it goes u gain
  • #20,713
  • Aug 15, 2008 6:53am Aug 15, 2008 6:53am
http://www.dailypfennig.com/currentIssue.aspx
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  • #20,714
  • Aug 15, 2008 6:53am Aug 15, 2008 6:53am
bull r beginning to sneak out.they anyone watching them
  • #20,715
  • Aug 15, 2008 6:54am Aug 15, 2008 6:54am
Warren Forex why dont you post in Knowledge is Power thread anymore?
  • #20,716
  • Aug 15, 2008 6:56am Aug 15, 2008 6:56am
Quoting Warren Forex
http://www.dailypfennig.com/currentIssue.aspx
Gotta luv Chuck ;]
simple....
  • #20,717
  • Aug 15, 2008 6:56am Aug 15, 2008 6:56am
Quoting mokonni
Don't try that " strategie " on a real account when there are news. You will probably get both orders filled and stopped out. SLIPPAGE - Google for
dont say bad words if you dont understand ok
  • #20,718
  • Aug 15, 2008 7:01am Aug 15, 2008 7:01am
Quoting Beyonder
Warren Forex why dont you post in Knowledge is Power thread anymore?
That thread was started for me for that reason. I had many that came there to be helped. Unfortunately because of certain posters continually disrupting that thread and creating confusion by posting abusive material about me things rapidly got out of hand. It really is sad when the knowledge that I have cannot be shared because of others ego or immaturity.

Let us stick to EUR/USD matters only.

Thank You !!!


Bruce
{Promotion Removed}
  • #20,719
  • Aug 15, 2008 7:02am Aug 15, 2008 7:02am
Quoting finian204rea
dont say bad words if you dont understand ok
Anyways , you shouldn't start those sort of discusions here , its E/U not "Hey guys what do you think" topic.So please join the E/U discusions or dont post at all. Thanks
simple....
  • #20,720
  • Aug 15, 2008 7:03am Aug 15, 2008 7:03am
Quoting oolides
bull r beginning to sneak out.they anyone watching them

No way!

Every "rally" will be shorted...
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