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  • #237,321
  • May 6, 2010 2:15am May 6, 2010 2:15am
Quoting Mr J
Almost 600 pips in a few days. You really want to countertrend?
Absolutely no way. I am long term short but am always considering when to take some off the table or add more.
  • #237,322
  • May 6, 2010 2:16am May 6, 2010 2:16am
anyone going short eur/usd at the mom?
  • #237,323
  • May 6, 2010 2:17am May 6, 2010 2:17am
Quoting Mr J
Are they suggesting to short on a retrace to the red, or that they shorted from the red?
short from the red, but its all your call whatever fits ur style. Right now it looks like 2769 is the new top so their entry might not be reached. That happens a lot btw.
Trade on your own risk Plan your trade&trade your plan dont be a
  • #237,324
  • May 6, 2010 2:17am May 6, 2010 2:17am
Quote
0709 GMT [Dow Jones] Standard Bank has lowered its EUR/USD forecast as EUR continues to find little support under $1.30. "We believe that the euro will fall to at least $1.20 over the next few months, more like $1.15," the bank says, as its previous $1.25 target looms into view. The pair is now at $1.2746.

Quoting Emanuele
LOL?
im sitting on a 1.3 eur put that knocks out if 1.25 is breached...2+weeks to run....aaaaaaah!

london boys....come on!!!!
  • #237,325
  • May 6, 2010 2:20am May 6, 2010 2:20am
Quoting hyperion1980
I got in at london open @ 2740, SL 2770, am I to late?

you missed by 3 pips, it was suppose to be 2737 kinda asked yesterday someone why he's opening position without any levels. Just like that.

I will ask again. Why did you do that? is it strategy to open short on the lowest price of year, month, day or you just do what everything else is doing.

Sell high buy low but don't go against trend. Easy as that. I would wait till 2793 at least to short it, but not 2740 I don't do breakouts, don't trust them at all.
peace man, don't be offended by this post. I would take that stop out if order isn't 50% of your account. Too risky to trade like that with stop.
  • #237,326
  • May 6, 2010 2:21am May 6, 2010 2:21am
Quoting jest1081
im sitting on a 1.3 eur put that knocks out if 1.25 is breached...2+weeks to run....aaaaaaah!

london boys....come on!!!!
Too bad I didn't short it weeks ago. I'd be stinky rich by now. Oh well at last I recovered neary all losses since I started goofing with forex. Lesson learned.
  • #237,327
  • May 6, 2010 2:21am May 6, 2010 2:21am
Well, longing here is not impossible. For myself i need big green 1 min volumes like 5 in a row (need to outcome sell volumes ofc), then i am pretty confident it will go up some. Using this, i am not taking wrong long entries.

Now its pretty close, i assume there will be some selling wave still coming before any hope of retrace.

If hesitating taking long, then you should just sell even if it about taking a bottom Just do opposite.
They think they are smarter than I am.
  • #237,328
  • May 6, 2010 2:21am May 6, 2010 2:21am
Quoting Clouds
It may not be 2008 anymore, but it is 2010.
JPY and USD are on a mission.
Very well said.

Quoting Ulterior
anyone going short eur/usd at the mom?
I've been able to get in on the ride down from 1.2845. The market is doing what it does best, being unpredictable.

Happy trading.
  • #237,329
  • May 6, 2010 2:22am May 6, 2010 2:22am
Quoting markonis
you missed by 3 pips, it was suppose to be 2737 kinda asked yesterday someone why he's opening position without any levels. Just like that.

I will ask again. Why did you do that? is it strategy to open short on the lowest price of year, month, day or you just do what everything else is doing.

Sell high buy low but don't go against trend. Easy as that. I would wait till 2793 at least to short it, but not 2740 I don't do breakouts, don't trust them at all.
peace man, don't be offended by this post. I would take that stop out if order...
I highered my stop to 90, I'm just risking the money I won yesterday. I know I need to sell on tops, but I was to late this morning, would have to wait till the next swing high...
  • #237,330
  • May 6, 2010 2:24am May 6, 2010 2:24am
Quoting Emanuele
Lesson learned.
We always learn after we could have profited from it .
  • #237,331
  • May 6, 2010 2:25am May 6, 2010 2:25am
Quoting Z3iz3i
Too loosers at the same boat, £ and €. I am flat, waiting to long if opportunity arises.

Dollar and Yen is having a party this whole week unless something unexpected happens on friday, euro rise?
or drop
those who can, do. those who cant, talk about those who can
  • #237,332
  • May 6, 2010 2:25am May 6, 2010 2:25am
£ takes a big hit.

http://www.cnbc.com/id/36973875
They think they are smarter than I am.
  • #237,333
  • May 6, 2010 2:26am May 6, 2010 2:26am
If we close this 4H candle below 2780 get ready for 262x-3x in a hurry.

The news effect may be strong today, protect your profits. My stop is now at 2810, for the ST trades. The LT ones are also protected with a higher stop.

Will look to add if we get to 297-8x.
  • #237,334
  • May 6, 2010 2:27am May 6, 2010 2:27am
Quoting hyperion1980
I highered my stop to 90, I'm just risking the money I won yesterday. I know I need to sell on tops, but I was to late this morning, would have to wait till the next swing high...

you're never late man, never. Market won't disappear anywhere, it was yesterday, it is today and it will be tommorrow. Don't try to win all pips, cause you end up lossing. Just pick some of the day movement and you will be succesful trader. Patience is the key to be profitable in here.

just make it slightly above 2800 if your account lets it. If not then it's probably to big order.
  • #237,335
  • May 6, 2010 2:27am May 6, 2010 2:27am
Quoting learntowin
IMO

Gold

EUR/USD

It 's better to Keep Selling on every Rally
are you short Au at the moment? I plan on scaling in short 1188.8, 1215
I have no enemy; I make Incautiousness my Enemy.
  • #237,336
  • May 6, 2010 2:27am May 6, 2010 2:27am
wow china down over 4%....
  • #237,337
  • May 6, 2010 2:29am May 6, 2010 2:29am
Quoting SilverShark
1.2738 and then bounce? 50 fib from move 1.0349-1.6038
nice 30+ pips
  • #237,338
  • May 6, 2010 2:30am May 6, 2010 2:30am
EU: The recent fall of the euro against the dollar amid the crisis
in Greece was "not a concern" as it made exports from euro area
countries more competitive, said European Union Trade Commissioner Karel
de Gucht. In comments to German daily Sueddeutsche Zeitung, de Gucht
said: "Under normal conditions, we would all be very happy with this
rate." "A rate of around 1.50 or 1.60 (to the dollar) is no good at all
for European trade," added the trade commissioner.

Provided by: Market News International
Trade on your own risk Plan your trade&trade your plan dont be a
  • #237,339
  • Edited 2:52am May 6, 2010 2:30am | Edited 2:52am
Hi everyone, we'll go up for a small retrace i suppose, as the eur hit the bottom channel from mar last year.I'm long with tight sl from 27.60 REgards
  • #237,340
  • May 6, 2010 2:32am May 6, 2010 2:32am
that sums me up.
not confident going short.
fear going long.....

while my put is sitting pretty...i'd rather sit this out, light a cigar and watch the carnage.

http://cdn.forexfactory.com/nfs/cust...tar31536_3.gif

thanks ben
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