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EURUSD

  • #49,481
  • Dec 11, 2008 4:48am Dec 11, 2008 4:48am
Closing longs. Gotta keep locking profits.

Back to bed...
  • #49,482
  • Dec 11, 2008 4:51am Dec 11, 2008 4:51am
at 3180 i´ve unlocked my short position
The best thing that can happen to you is to find out where you're wrong.
  • #49,483
  • Dec 11, 2008 4:59am Dec 11, 2008 4:59am
Quoting mikkom
Is there something special at 3175 level (concentration of pivots or fibs or something - I don't look at those at all)?

I can see the level II futures order book and the orders or euro contract around this number are huge, usually you see about 10-50 contracts per tick but at this level there are chunks of 100-300 contracts sitting around AND the price seems to penetrate to the upside.
There is a channel on 4H (equidistand channel) and we are at the upper band.
There is a channel on 1H ( error band [factor 1]) and we are at the upper band.

Edit: it´s always dangerous .. but this are the moments where i must decide.. to unlock my shorts
The best thing that can happen to you is to find out where you're wrong.
  • #49,484
  • Dec 11, 2008 5:11am Dec 11, 2008 5:11am

4 Important Resistances

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  • #49,485
  • Dec 11, 2008 5:42am Dec 11, 2008 5:42am
Where do you will stop the short train?



Quoting Driver55
at 3180 i´ve unlocked my short position
  • #49,486
  • Dec 11, 2008 5:43am Dec 11, 2008 5:43am
I think I will stick to nice short term trades today, wild how the EU doesn't fall when the GU falls but moves up when the GU moves up.

Happy hunting.

Damon
  • #49,487
  • Dec 11, 2008 5:58am Dec 11, 2008 5:58am
Quoting -TryToTrade-
Where do you will stop the short train?

I´ve not a stop.. I defend continuosly my position with hedging.

I have initialy short yesterday with average price of 3045..
over the night ( here in Europe ) i have locked my pos. at 3005 ( 40x3= +120pips)

today morning unlocked at 3137 .. relocked a 3110 ( 27x3=+81pis)

now unlocked 3180... relocked 3180.


so.. for now I have a gain of 201 pips even my position is countertrend.

and so on
my next level where i make my action is 3235-3255..

it´s now clear why I dont have a stop ??
The best thing that can happen to you is to find out where you're wrong.
  • #49,488
  • Dec 11, 2008 6:04am Dec 11, 2008 6:04am
Quoting Driver55
I´ve not a stop.. I defend continuosly my position with hedging.

I have initialy short yesterday with average price of 3045..
over the night ( here in Europe ) i have locked my pos. at 3005 ( 40x3= +120pips)

today morning unlocked at 3137 .. relocked a 3110 ( 27x3=+81pis)

now unlocked 3180... relocked 3180.


so.. for now I have a gain of 201 pips even my position is countertrend.

and so on
my next level where i make my action is 3235-3255..

it´s now clear why I have not a stop ??
I don't understand... how are you hedging? Nice pips by the way.
  • #49,489
  • Dec 11, 2008 6:04am Dec 11, 2008 6:04am
Quoting Driver55
I´ve not a stop.. I defend continuosly my position with hedging.

I have initialy short yesterday with average price of 3045..
over the night ( here in Europe ) i have locked my pos. at 3005 ( 40x3= +120pips)

today morning unlocked at 3137 .. relocked a 3110 ( 27x3=+81pis)

now unlocked 3180... relocked 3180.


so.. for now I have a gain of 201 pips even my position is countertrend.

and so on
my next level where i make my action is 3235-3255..

it´s now clear why I have not a stop ??
could you explain how you are hedging your positions again? and what are you doing when you say unlock and relock? thanks
  • #49,490
  • Dec 11, 2008 6:09am Dec 11, 2008 6:09am
Quoting cemfx
could you explain how you are hedging your positions again? and what are you doing when you say unlock and relock? thanks

Lock, get into position. unlock, get out of position. relock, back into position. That's what I understand from it, I usually use lock just to say "I locked my profit" = got out of my position with a gain.
  • #49,491
  • Dec 11, 2008 6:13am Dec 11, 2008 6:13am
1.3228 watch very careful this number, if we break it.
  • #49,492
  • Dec 11, 2008 6:17am Dec 11, 2008 6:17am
Quoting Driver55
I´ve not a stop.. I defend continuosly my position with hedging.

I have initialy short yesterday with average price of 3045..
over the night ( here in Europe ) i have locked my pos. at 3005 ( 40x3= +120pips)

today morning unlocked at 3137 .. relocked a 3110 ( 27x3=+81pis)

now unlocked 3180... relocked 3180.


so.. for now I have a gain of 201 pips even my position is countertrend.

and so on
my next level where i make my action is 3235-3255..

it´s now clear why I dont have a stop ??
As far as I remember, the day before yestoday I pointed that it's not very likely to down to 1.2776, something like that.I think it'll go to 1.3600 firstly,then the price will go down. I will still hold my long until 1.3340-50.Today I am looking at 3260.
Wud u explain ur strategy?
What goes up must come down.
  • #49,493
  • Dec 11, 2008 6:18am Dec 11, 2008 6:18am
Quoting Hissst
I don't understand... how are you hedging? Nice pips by the way.

No ... No ....


hedging is one other thing ....


if you are locked then you have 2 opposite positions of equal weight.
In this condition the market may not make you bad, because what you lose by one party gains by the other.


When you are unlocked, then it means you've eliminated one of two positions because you expect that the market goes in one direction


EDIT : for example .. now i will unlock at 3238.. let's see... what happens

The best thing that can happen to you is to find out where you're wrong.
  • #49,494
  • Dec 11, 2008 6:24am Dec 11, 2008 6:24am
Quoting BoredToLoose
1.3228 watch very careful this number, if we break it.
Thank you very much.this point is not in my plan. I will watch it.thanks again
What goes up must come down.
  • #49,495
  • Dec 11, 2008 6:29am Dec 11, 2008 6:29am
Any expectations for the Euro to visit 1.2s...?
  • #49,496
  • Dec 11, 2008 6:33am Dec 11, 2008 6:33am
I have tried twice to get into this in a bear position, at least I am paying the broker... wow!
  • #49,497
  • Dec 11, 2008 6:34am Dec 11, 2008 6:34am
Seems like the financial crisis is not as bad as it was, years ago...
  • #49,498
  • Dec 11, 2008 6:44am Dec 11, 2008 6:44am
Only looks like someone is dictating the trend. What they say is how the Euro behaves... I guess Germany and Britain are competing... lol
  • #49,499
  • Dec 11, 2008 6:55am Dec 11, 2008 6:55am
When the Euro stalls, it is only waiting for some buyers and that`s what it has been doing all this time...
  • #49,500
  • Dec 11, 2008 6:58am Dec 11, 2008 6:58am
Quoting BoredToLoose
1.3228 watch very careful this number, if we break it.
Hello BTL
What about it we break it now 1.3243
Just watching i missed the Train Any good call
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