EURUSD | Page 8724 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #174,461
  • Dec 21, 2009 2:24am Dec 21, 2009 2:24am
Quoting Nomi1
can some one please tell me how can one go long and short at the same time....

and how does he expect to make money out of it.
To the first: Easy... It's called "shong" and "lort". A strategy only recommended for Experienced Traders deep into their merlot and still feeling nimble, while remaining invincible. Or maybe it was invisible, I don't remember. Either one will work tho.

To the second: Make money? You are only assuming that is the Goal...

Actually, one will either lose twice as much or half as much, or make twice as much or half as much, or one could simply hedge the whole thing and come out even, half as even or twice as even depending on all the variables... And then there are other potential outcomes as well depending on whether or not you're still reading this and believe in the Quantum Trading Strategy (QRS).

I assume by now you are either convinced this whole Reply is in jest but I assure you I am quite serious here in addition to being deep into my Mid-season Cheap Stuff... a prerequisite for shonging and lorting.


If you don't believe me (( and I wouldn't either if I were you )), simply Search FF for the terms Shong and Lort. It's been discussed extensively in the past by some of the more Experienced Traders here... pickled tho we were. Or are. Or will be... it's that Quantum thig again.



Now... how hard was that??
FUBAR...
  • #174,462
  • Dec 21, 2009 2:41am Dec 21, 2009 2:41am
Quoting ak4x
Attachment

145 viewers still speechless after 13 minutes of going...


Oh well, Tis the Season...
When I have nothing to say, my lips are sealed.
Say something once, why say it again?
Psycho Killer,
Qu'est-ce que c'est?
fa fa fa fa fa fa fa fa fa fa better
Run run run run run run away
Doing what you like is Freedom. Liking what you do is Happiness.
  • #174,463
  • Dec 21, 2009 2:43am Dec 21, 2009 2:43am
dear ak4x

i am all confused but since ur a senior trader i will follow ur advice and look it up. just a quik math example

i am short at 1114 1 ounze
i am long at 1115 1 ounze

price goes to 1120

i close my position and loss of 1 dollar

price goes to 1100

i close my position and loss of 1 dollar.

just wondering how can one make money out of this assuming that is the goal.

thanks.
  • #174,464
  • Dec 21, 2009 2:45am Dec 21, 2009 2:45am
Quoting ak4x
To the first: Easy... It's called "shong" and "lort". A strategy only recommended for Experienced Traders deep into their merlot and still feeling nimble, while remaining invincible. Or maybe it was invisible, I don't remember. Either one will work tho.

To the second: Make money? You are only assuming that is the Goal...

Actually, one will either lose twice as much or half as much, or make twice as much or half as much, or one could simply hedge the whole thing and come out even, half as even or twice as even depending...
Especially Lorting is an art, Shonging is an outdated strategy of the 90`ies.

Ts...ts...ts......

Be like water.
  • #174,465
  • Dec 21, 2009 2:45am Dec 21, 2009 2:45am
when usdx clears fib at 77.91 this dog should hunt. currently tapping on the ceiling at 7789..
those who can, do. those who cant, talk about those who can
  • #174,466
  • Dec 21, 2009 2:49am Dec 21, 2009 2:49am
long saved at be+1, now watching calmly
Attached Image (click to enlarge)
Click to Enlarge Name: ucad30m.png Size: 9 KB
  • #174,467
  • Dec 21, 2009 2:52am Dec 21, 2009 2:52am
i dont trade gold nor have a use for it. but looking at the zar chart i would be neutral at the momment. and if eu breaks support long gold looks like a bad deal to me..
those who can, do. those who cant, talk about those who can
  • #174,468
  • Dec 21, 2009 2:55am Dec 21, 2009 2:55am
Bull totally failed at this level as the price break the level 1.4303 & down & continuing shorts till next level , perhaps 1.42.many were closed as precautionary measure though .
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #174,469
  • Dec 21, 2009 2:57am Dec 21, 2009 2:57am
Quoting gatorinla
i dont trade gold nor have a use for it.
Me either, but I hope India is enjoying it's extra 200 tons of the stuff
Doing what you like is Freedom. Liking what you do is Happiness.
  • #174,470
  • Dec 21, 2009 3:27am Dec 21, 2009 3:27am
Quoting fontu
Bull totally failed at this level as the price break the level 1.4303 & down & continuing shorts till next level , perhaps 1.42.many were closed as precautionary measure though .
fontu

Look to have pipped back just a touch over 1.43... Waiting and seeing what goes on now...
  • #174,471
  • Dec 21, 2009 3:34am Dec 21, 2009 3:34am
4h chart - I would really like to see a pullback to the upper trendline before going short:

Attached Image (click to enlarge)
Click to Enlarge Name: chart.jpg Size: 68 KB


Also, as some1 mentioned last week, keep in mind situation on weekly chart - 3 black crows:

Attached Image (click to enlarge)
Click to Enlarge Name: chart2.jpg Size: 55 KB


For those unfamiliar with 3 black crows pattern:

Three Black Crows
Attached Image
  • #174,472
  • Dec 21, 2009 3:38am Dec 21, 2009 3:38am
Quoting gatorinla
when usdx clears fib at 77.91 this dog should hunt. currently tapping on the ceiling at 7789..
Which Metatrader broker are you using Gator..

My DX is at 78.25 currently.
rat
  • #174,473
  • Dec 21, 2009 3:56am Dec 21, 2009 3:56am
Quoting rattyo
Theres is not metatrader..
Lots of form filling in there?
Yes, unfortunately loads of them.

JgrB
  • #174,474
  • Dec 21, 2009 4:10am Dec 21, 2009 4:10am
Like a diamond at the ground? pending shorts added at 1,4336-43 & go , will check in the evening.If a diamond then break at 1.4267 ,reaction low for down 147 pips .
trade well all , hope no miracles & UP.
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #174,475
  • Dec 21, 2009 4:18am Dec 21, 2009 4:18am
1.4260 seems to be tough. When retrace starts I expect 1.4500 area for the first target.
Discipline + Patience - Fear - Greed = Success
  • #174,476
  • Dec 21, 2009 4:42am Dec 21, 2009 4:42am
now short in action, saved at be+1 already. details on blog for everybody
Attached Image (click to enlarge)
Click to Enlarge Name: ucad1h.png Size: 8 KB
  • #174,477
  • Dec 21, 2009 4:50am Dec 21, 2009 4:50am
Quoting arezab
1.4260 seems to be tough. When retrace starts I expect 1.4500 area for the first target.
Only 4420 break will confirm retrace.
I pending long order from 4424.
And always i prefer short from 4338 (after movement correction).

Succeed always
You cannot learn better without losing
  • #174,478
  • Dec 21, 2009 4:51am Dec 21, 2009 4:51am
Do you guys use last week COT at all?

COT for EURUSD last week was short biased, by a little.
But the trend the last weeks was that the big players was selling. Albeit the rate of selling has gone down in the last week.

Would that be a clue to scalp short? Any relevance to this?

For example therefore it is a good reason to watch 1.4360 resistance to hold and a good sell if proven to hold?

Cheers
  • #174,479
  • Dec 21, 2009 4:54am Dec 21, 2009 4:54am
Quoting cannarek
now short in action, saved at be+1 already. details on blog for everybody
1st This is not a EUR/USD Chart...............
2nd On your blogs there are no details - only ambiguous charts............
  • #174,480
  • Dec 21, 2009 5:09am Dec 21, 2009 5:09am
ok, i'm still a beginner but my scenario is this for today.

eur/usd still in short term south movement, bullish momentum acc to fib should stop somewhere around 1,4355 and then continue south.

so, i will be short from 1,4345 - 1,4350 with SL at 1,4370 and tp 1,4270

any opinions for this scenario?

(i am not yet good to posting charts...)
415 traders viewing now