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EURUSD

  • #197,681
  • Feb 17, 2010 7:02pm Feb 17, 2010 7:02pm
Quoting mfoste1
last month i started acct with 5k, 1 month later ended w/ over 20k

im gonna start doing this every month start over and only risk 5k

thats a good model to try, only thing i have been blowing my accounts many times..... got to stop doing it the reverse way zzzz


cheers,
eg
loss 100k in Forex, up 1k, still have 99% to go!!
  • #197,682
  • Feb 17, 2010 7:02pm Feb 17, 2010 7:02pm
Quoting longshot_nl
watch gold. if it drops even further it may drop big the coming hours like it did in feb.
Attached Image (click to enlarge)
Click to Enlarge Name: gold.JPG Size: 91 KB
  • #197,683
  • Feb 17, 2010 7:02pm Feb 17, 2010 7:02pm
Quoting mfoste1
last month i started acct with 5k, 1 month later ended w/ over 20k

im gonna start doing this every month start over and only risk 5k
I would risk everything every month.
  • #197,684
  • Feb 17, 2010 7:03pm Feb 17, 2010 7:03pm
Quoting ak4x
Just making very sure you know I read your post there my friend... I take it anywhere I find it...

Anything else you'd like to say?

thank you for reading

i wont say that i said

good night all
  • #197,685
  • Feb 17, 2010 7:04pm Feb 17, 2010 7:04pm
Quoting leafarct
waiting for sell one more short on gold (0,8 lot)
are you selling now
  • #197,686
  • Feb 17, 2010 7:05pm Feb 17, 2010 7:05pm
This is the EURGBP divergency I mentioned (at 1 hr chart) ... and very close to support 0.8660 (Feb 12)... EURUSD can be retracement up... possibly to 1.3630 - 1.3640... and then downtrend again... I will enter long at 1.3530, SL 1.3490 and target 1.3630... maybe with trailingstop of 30 pips...

http://img28.imageshack.us/img28/9576/jshotd.jpg
... All good things come to those who wait...
  • #197,687
  • Feb 17, 2010 7:07pm Feb 17, 2010 7:07pm
Quoting leafarct
waiting for sell one more short on gold (0,8 lot)

what is your spread for gold? my broker is having a spread of 65pip, bid 1099.85, offer 1100.50. is that alot?
loss 100k in Forex, up 1k, still have 99% to go!!
  • #197,688
  • Feb 17, 2010 7:07pm Feb 17, 2010 7:07pm
Quoting nawafasad1
are you selling now
nop waiting now
Let us be green
  • #197,689
  • Feb 17, 2010 7:09pm Feb 17, 2010 7:09pm
Quoting longshot_nl
I would risk everything every month.
risico gebruiken
Don't be stupid! A black belt is a white belt that never quits!
  • #197,690
  • Feb 17, 2010 7:11pm Feb 17, 2010 7:11pm
Quoting leafarct
nop waiting now
82% wait dont show yourself up hahahahahahahahah
  • #197,691
  • Feb 17, 2010 7:11pm Feb 17, 2010 7:11pm
Quoting longshot_nl
I would risk everything every month.

Well my friend.. then you are not taking forex as an investment... you are gambling... the problem is when the worst happen....
I'm going for a daily 2%... that gives a montlhy ROI of 50%...
Just risking 2% of my account daily...
If now you take a spreadsheet and play with numbers you'll see that 50% monthly ROI is about 8800% every year...
Just think about it...
You go for a short term lucky streak...
  • #197,692
  • Feb 17, 2010 7:12pm Feb 17, 2010 7:12pm
Quoting evilglory
what is your spread for gold? my broker is having a spread of 65pip, bid 1099.85, offer 1100.50. is that alot?

http://img80.imageshack.us/img80/969/goldo.jpg
Let us be green
  • #197,693
  • Feb 17, 2010 7:17pm Feb 17, 2010 7:17pm
Quoting cacus
Well my friend.. then you are not taking forex as an investment... you are gambling... the problem is when the worst happen....
I'm going for a daily 2%... that gives a montlhy ROI of 50%...
Just risking 2% of my account daily...
If now you take a spreadsheet and play with numbers you'll see that 50% monthly ROI is about 8800% every year...
Just think about it...
You go for a short term lucky streak...
Right you got a good point.
Thanks for the advice.!
  • #197,694
  • Feb 17, 2010 7:19pm Feb 17, 2010 7:19pm
Back to the Topic of Eur/USd instead of all that cable jibberish.

Am i the only one that sees the USD as being extremely overbought? Dont get me wrong i can see it drop to 3300 levels but it seems far more realistic for this month for the EUR/USD to reach levels of 1.4000 again.
The ECB knows that a too high valued Eur is going to block and harm their exports, seems like 1.4 is a reasonable rate for the Euro though.

Especially seeing as how the US economy is recovering, but the operative word here being recovering. Its still in a lot of trouble and there is going to be a massive amount of debt being built up over the next Ten years.

Europe on the other hand has the Greece problem which may or may not extend to portugal, Spain and Italy. Budgetary issues can be fixed within a "relative" short timeframe.

Huge government spending which the obama administration is doing now should weaken the USD and i expect it to crash again sometime soon with Asian Currencies such as the Yen and the Yuan becoming increasingly important.

I know a lot of companies are hoping for a very weak Euro in order to clean up their balance sheets and take advantage.

Any comments/Ideas thoughts?

My trading Plan for tomorrows London session opening will be preparing to setup long positions as i see it heading towards the weekly target of 3800.
  • #197,695
  • Feb 17, 2010 7:20pm Feb 17, 2010 7:20pm
Building longs now.
Adding @ .3530 .3500
  • #197,696
  • Feb 17, 2010 7:20pm Feb 17, 2010 7:20pm
This is like waching paint dry......
  • #197,697
  • Feb 17, 2010 7:21pm Feb 17, 2010 7:21pm
I am short too from 1102.4
I still have resistance lines, maybe fibonaci will kick in and it shoots down.

Quoting leafarct
http://img80.imageshack.us/img80/969/goldo.jpg
  • #197,698
  • Feb 17, 2010 7:22pm Feb 17, 2010 7:22pm
Quoting birnbaum
thank you for reading

i wont say that i said
No worries, some things speak for theirself...
FUBAR...
  • #197,699
  • Feb 17, 2010 7:25pm Feb 17, 2010 7:25pm
eyes on eurusd area 3582-87
The best thing that can happen to you is to find out where you're wrong.
  • #197,700
  • Feb 17, 2010 7:25pm Feb 17, 2010 7:25pm
Quoting Driver55
eyes on eurusd area 3582-87
Aye Aye Captain
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