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EURUSD

  • #394,561
  • Feb 23, 2011 10:46am Feb 23, 2011 10:46am
with TP at recent high of 1.3850

(Red line current resistance, green line is TP)

What do you guys think?
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  • #394,562
  • Feb 23, 2011 10:47am Feb 23, 2011 10:47am
be careful guys, Tricky T is going on air....
Ciao. Luca
  • #394,563
  • Feb 23, 2011 10:48am Feb 23, 2011 10:48am
When I mentioned prices falling, I literally meant the EURUSD falling, in other words USD rising........lol! Sorry for the confusion.


Quoting iflyjetzzz
There should be HUGE risk aversion causing the dollar to rise, not fall. I'll sit this one out until the market starts to act a bit more rational.

I just saw an article stating that a big protest is scheduled for Saudi on 20 March. If that happens, I would expect things to get out of hand in the Kingdom fairly quickly. http://www.facebook.com/K.S.A.Revolution?sk=info
In Charts We Trust!
  • #394,564
  • Feb 23, 2011 10:48am Feb 23, 2011 10:48am
Quoting Traderji
In terms of percentage how do you distribute/allocate funds between intraday & Daily positions? Is there risk management maths behind it or is it discretionary?
Well, most of short intraday swings I take it on Futures and longer and daily positions on Forex. I don't trade anything below 1:2 r:r intraday and 1:3 on longer and daily positions so the risk adjusted to capital is exactly the same for both and it never exceeds more than 2.5% of my capital in any given trade.

In simple words, the "extra" room/risk need it for longer positions is compensated trading forex with smaller size in multiple lots.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #394,565
  • Feb 23, 2011 10:48am Feb 23, 2011 10:48am
Quoting Traderji
An interesting read on the correlation between rising oil prices and weaker US dollar.

http://www.cfr.org/international-fin...-dollar/p16569
Written in 2008 when oil price rises were due to a demand problem. Oil prices are currently rising due to a (potential) supply problem. There's a gargantuan difference between now and 2008.
  • #394,566
  • Feb 23, 2011 10:49am Feb 23, 2011 10:49am
Quoting kill56
only forexhash jamaican
  • #394,567
  • Feb 23, 2011 10:53am Feb 23, 2011 10:53am
Any longs going into London close?
Do your time and enjoy the ride...
  • #394,568
  • Feb 23, 2011 10:54am Feb 23, 2011 10:54am
Quoting X.Oden
When I mentioned prices falling, I literally meant the EURUSD falling, in other words USD rising........lol! Sorry for the confusion.
Sorry, poorly written on my part; I understood what you meant and agreed with you. ... I just threw in my comments on this.

We've got riots in Athens.
We've got Italy who gets 3/4 of their oil from Libya and Libya has stopped exports.
There are major problems for the Eurozone.
  • #394,569
  • Feb 23, 2011 10:55am Feb 23, 2011 10:55am
Quoting Good Fortune
Any longs going into London close?

yep oil
  • #394,570
  • Feb 23, 2011 10:58am Feb 23, 2011 10:58am
Quoting MaxDoom
yep oil
That stuff is on steroids at the moment!
Do your time and enjoy the ride...
  • #394,571
  • Feb 23, 2011 11:00am Feb 23, 2011 11:00am
Anyone know how long Trick Schits is yabbering for?
  • #394,572
  • Feb 23, 2011 11:02am Feb 23, 2011 11:02am
Quoting uptrendup
hi.
you havent seen question mark.
exactly.
Enter Signature
  • #394,573
  • Feb 23, 2011 11:02am Feb 23, 2011 11:02am
Quoting FibbinArchie
Anyone know how long Trick Schits is yabbering for?
sicko...
Enter Signature
  • #394,574
  • Feb 23, 2011 11:03am Feb 23, 2011 11:03am
Quoting Good Fortune
Any longs going into London close?
Depends on which entry.
  • #394,575
  • Feb 23, 2011 11:03am Feb 23, 2011 11:03am
US equities are starting to roll over (decline). I've taken a small short position on EUR. I expect additional risk aversion to show up prior to New York close.
  • #394,576
  • Feb 23, 2011 11:05am Feb 23, 2011 11:05am
Quoting sisse
Well, most of short intraday swings I take it on Futures and longer and daily positions on Forex. I don't trade anything below 1:2 r:r intraday and 1:3 on longer and daily positions so the risk adjusted to capital is exactly the same for both and it never exceeds more than 2.5% of my capital in any given trade.

In simple words, the "extra" room/risk need it for longer positions is compensated trading forex with smaller size in multiple lots.

sisse

I was asking about how much, in terms of percentage, do you allocate between intraday and daily positions. Say at most you will have only 4 standard lots ($400,000) in play at any given time. Do you split evenly between daily (2 lots ie 50%) and intraday (2 lots ie 50%) or is there a formula or is it an opportunistic system?
We're all stories in the end. Just try to make it a good one.
  • #394,577
  • Feb 23, 2011 11:05am Feb 23, 2011 11:05am
Quoting iflyjetzzz
Sorry, poorly written on my part; I understood what you meant and agreed with you. ... I just threw in my comments on this.

We've got riots in Athens.
We've got Italy who gets 3/4 of their oil from Libya and Libya has stopped exports.
There are major problems for the Eurozone.
Well, riots in Athens is not news (lol), however I do agree that Italy will face serious problems short term if this continue. There are major problems in the EZ and the rally from this year is purely based on, first on the recovery to more rational levels of last year overshoot debt fears, and secondly on pure expectation on interest rate hikes in the short term (next 2 trimesters).

Above 1.40xx although is 100% supported by German and other strong but small economies in the EZ is unsustainable given the debt and macroeconomic problems on Greece, Ireland, Portugal, Spain,etc.

It will be a bumpy year for the pair thats for sure.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #394,578
  • Feb 23, 2011 11:05am Feb 23, 2011 11:05am
In some places in Europe petrol is already above 1.5 euro per Litre soon gonna be time to sell everything and move to US with all the $$$.
  • #394,579
  • Feb 23, 2011 11:05am Feb 23, 2011 11:05am
Quoting MaxDoom
yep oil
only an idiot would short oil these days...
Enter Signature
  • #394,580
  • Feb 23, 2011 11:07am Feb 23, 2011 11:07am
Quoting iflyjetzzz
We've got Italy who gets 3/4 of their oil from Libya .
.
Sorry but it's wrong. we import 1/4 of our oil from Libya...
Ciao. Luca
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