I'm going long EUR/USD at 1.245, target 2.00 | Forex Factory

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I'm going long EUR/USD at 1.245, target 2.00

  • #1
  • First Post: May 14, 2010 9:12am May 14, 2010 9:12am
Hi all,

I'm going long EUR/USD at 1.2450 with a target of 2.0000.

This is just some kind of funny experiment, so I do it in a $100 sub account with a leverage of 10:1 and buy 1,000 units. No stop (MC will be around 1.16).

It might take some years but I'm rather sure we will get there.
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  • #2
  • May 14, 2010 9:14am May 14, 2010 9:14am
ok, have fun getting stopped out. .82 is low, not now. germany pride ? lol
  • #3
  • May 14, 2010 9:15am May 14, 2010 9:15am
Quoting Clouds
ok, have fun getting stopped out. .82 is low, not now.
I don't think that will happen.
  • #4
  • May 14, 2010 9:15am May 14, 2010 9:15am
Quoting Clouds
ok, have fun getting stopped out. .82 is low, not now. germany pride ? lol
..hell no ,you funny player.
  • #5
  • May 14, 2010 9:17am May 14, 2010 9:17am
Hehe, it has nothing to do with german pride just with the ugly, very ugly debts situation in the US. At the moment the EU is in focus but this will change next year dramatically. I see the low at 1.18 max and the Euro above 1.30 end of this year, maybe even above 1.40.
  • #6
  • May 14, 2010 9:21am May 14, 2010 9:21am
Quoting Xaron
Hehe, it has nothing to do with german pride just with the ugly, very ugly debts situation in the US. At the moment the EU is in focus but this will change next year dramatically. I see the low at 1.18 max and the Euro above 1.30 end of this year, maybe even above 1.40.
well if your charts say so, but ignore the news and only use your charts. i see .85 before a bottom, that was bottom in 2000. a/u .50 and usd/cad 1.57 - all 2000' numbers.

US has equal GDP as the entire European Union, and the whole EU hates each other and don't trust each other, talking about the banks.... Screw the debt, the US owns the world, we have the internet, we could cut off any country from it, if we wanted. (nothing to do with where I'm from), I'm just saying. US controls the world..
  • #7
  • May 14, 2010 9:24am May 14, 2010 9:24am
Quoting Clouds
the US owns the world, we have the internet, we could cut off any country from it, if we wanted. (nothing to do with where I'm from), I'm just saying. US controls the world..
Oh well... famous last words. We've gone through this already.
  • #8
  • May 14, 2010 9:26am May 14, 2010 9:26am
I mean this Euro bashing becomes too obvious. It reminds me on stocks recommendations from daily newspapers. If it gets that far I always know it's a good contra indicator. So now almost every daily newspaper (non financial!) tells about the euro crash. It's the same for Gold. For me a good sign to go long Euro and short Gold.
  • #9
  • May 14, 2010 9:27am May 14, 2010 9:27am
Quoting Xaron
Oh well... famous last words. We've gone through this already.
hey u wish u had come up with internet. but u didnt.

what are we gonna have www.google.com and euro.google.com (euro internet) lol
  • #10
  • May 14, 2010 9:28am May 14, 2010 9:28am
Quoting Xaron
I mean this Euro bashing becomes too obvious. It reminds me on stocks recommendations from daily newspapers. If it gets that far I always know it's a good contra indicator. So now almost every daily newspaper (non financial!) tells about the euro crash. It's the same for Gold. For me a good sign to go long Euro and short Gold.
i see your reasons for going long eur , its at lows of last crash of 2008, but since we didn't make it to highs of 1.6, we're not in a range, so we probably will drop further.....
  • #11
  • May 14, 2010 9:31am May 14, 2010 9:31am
Quoting Clouds
hey u wish u had come up with internet. but u didnt.

what are we gonna have www.google.com and euro.google.com (euro internet) lol
Ouch. But at least we can build cars that don't consume 20 liters per 100 miles. Anyway that doesn't lead to anything. I know "god's own country" is just great and I like the people there even though their gov is as stupid as our gov.
  • #12
  • May 14, 2010 9:33am May 14, 2010 9:33am
Quoting Xaron
Ouch. But at least we can build cars that don't consume 20 liters per 100 miles. Anyway that doesn't lead to anything. I know "god's own country" is just great and I like the people there even though their gov is as stupid as our gov.
Hey, I wish we had highways that had no speed limits. We had them in Montana for a year or two, and they changed the law. But I bet that's a dangerous road.
  • #13
  • May 14, 2010 9:34am May 14, 2010 9:34am
Quoting Clouds
Hey, I wish we had highways that had no speed limits. We had them in Montana for a year or two, and they changed the law. But I bet that's a dangerous road.
Uh didn't know that! I always thought you have a general speed limit?
  • #14
  • May 14, 2010 9:38am May 14, 2010 9:38am
So is this live? You said experiment just wondering
  • #15
  • May 14, 2010 9:38am May 14, 2010 9:38am
You have right idea to go long-term . I'm just not 100% sure it's the right direction. below parity is just as likely as going up, IMO. Both 5,000 pips.
  • #16
  • May 14, 2010 9:39am May 14, 2010 9:39am
Quoting Xaron
Uh didn't know that! I always thought you have a general speed limit?
Only in montana (small northern state) from 1997-1999 no speed limit on high ways. but they changed law.
  • #17
  • May 14, 2010 9:41am May 14, 2010 9:41am
Quoting kodflakes
So is this live? You said experiment just wondering
Yes live. $100 account.
  • #18
  • May 15, 2010 3:12pm May 15, 2010 3:12pm
Quoting Xaron
Hi all,

I'm going long EUR/USD at 1.2450 with a target of 2.0000.

This is just some kind of funny experiment, so I do it in a $100 sub account with a leverage of 10:1 and buy 1,000 units. No stop (MC will be around 1.16).

It might take some years but I'm rather sure we will get there.
It's incredible to still see you bullish after the beating you took the past 5 months...


Even if (by miracle) your're right, this will make you what ? $500 or $600 bucks ?

Once again you're proving that money doesn't matter to you and that you're driven by your ego, and that's very very sad.

Perhaps you should try the casino's...
Getting it right is NOT as important as not getting it wrong.
  • #19
  • May 15, 2010 3:19pm May 15, 2010 3:19pm
If you are contrarian then this is the time to be CTFC reports a 10% increase in shorts this week making it five straight weeks of increases.

Oh and about US ruling the internet... search for an article about ICANN ending its agreement with the US govt.

So goodbye US control .

Hehe some posts are just funny when you get nationalities involved.. it's our job as traders to not care about where we are from and look objectively . So when you start bringing in arguments about the US owning the interwebs I loled.

I say the hell with all of it... D-Marks for everyone lol! And Germany as the supreme ruler of Europe.
  • #20
  • May 15, 2010 3:51pm May 15, 2010 3:51pm
$100? What's the difference between this and opening a demo account and doing the same thing? Even IF it hit your target, you'd only make about $750. This thread is pointless and is nothing more than a waste of server space.
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