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EURUSD

  • #421,541
  • Apr 14, 2011 7:57am Apr 14, 2011 7:57am
Quoting cloggie
eyes on 4432
Good Morning Forexies - eye on 1,4. Hope nobody got hurt with fake bullish bias...
  • #421,542
  • Apr 14, 2011 7:57am Apr 14, 2011 7:57am
Quoting cloggie
eyes on 4432

Treeguy, how much of this move are you catching? You keeping track of the levels and move your stops accordingly?

Here we go, time to adjust stops and see how 4432 plays out.

Treeguy, you should have about 40 pips in the bag here. You see how this if-then-if works loads better then trying to pick the tops and bottoms and just pray?
  • #421,543
  • Apr 14, 2011 7:57am Apr 14, 2011 7:57am
Quoting cloggie
EU has moved 122 pips a day on average over the last 10 weeks, so just finding the fat part of the day and riding along with the herd should give the average retail trader a good 50-80 pips a day on this pair.
Agree Cloggie on that one. I posted somewhere else on the same line:

"Euro volatility has been slowly but steady stabilizing the last few weeks to the historical average. The good old days of fear and mania moves seems to be over and the old fashion moves has been the norm lately. The weekly range is trending down and approaching to the +270 pips a week average of the first 8 years on the pair before the financial and debt crisis so is not a bad idea to review daily and intraday swing targets and readjust r:r, targets and stops ...".

Intraday targets as the ones you mentioned are definitively in order with current volatility and ranges.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #421,544
  • Apr 14, 2011 7:59am Apr 14, 2011 7:59am
textbook day.... nothing more to say.

hmmm....
addicted to the business
Hero calls followed by margin calls...
  • #421,545
  • Apr 14, 2011 8:00am Apr 14, 2011 8:00am
Quoting sisse
Agree Cloggie on that one. I posted somewhere else on the same line:

"Euro volatility has been slowly but steady stabilizing the last few...
hey girl,

how are you doing?
Hero calls followed by margin calls...
  • #421,546
  • Apr 14, 2011 8:02am Apr 14, 2011 8:02am
Round number 3 bull I guess? I am holding 4394 long now lol.
  • #421,547
  • Apr 14, 2011 8:02am Apr 14, 2011 8:02am
Nothing to say, Just FCK the bear
Seller hiding their ass right now, massive sell an then BOOM!!!
You cannot learn better without losing
  • #421,548
  • Apr 14, 2011 8:04am Apr 14, 2011 8:04am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Reload shorts @ 1.4444444444444444.
  • #421,549
  • Apr 14, 2011 8:04am Apr 14, 2011 8:04am
Quoting cloggie
Here we go, time to adjust stops and see how 4432 plays out.

Treeguy, you should have about 40 pips in the bag here. You see how this if-then-if works loads better then trying to pick the tops and bottoms and just pray?

Treeguy, move your stop to 4422 now and lock in 30 pips.
  • #421,550
  • Apr 14, 2011 8:08am Apr 14, 2011 8:08am
Quoting cloggie
Treeguy, move your stop to 4422 now and lock in 30 pips.
i recommend to stick to the masters words treeguy
Hero calls followed by margin calls...
  • #421,551
  • Apr 14, 2011 8:08am Apr 14, 2011 8:08am
PIG spreads blow out again

Written by Jamie Coleman
April 14, 2011 at 12:50 GMT

P: +19 bp wider versus bunds
I: 23.7 bp wider versus bunds
G: 35 bp wider versus bunds
EUR/USD is edging higher after the US data but the gains are grudging given the revival of sovereign debt woes in Europe. Growing pressure for a Greek debt restructuring and a chance that Finland may not approve the Portugal bailout are the pressures du jour.
1.4440/45 is next resistance on rallies.
  • #421,552
  • Apr 14, 2011 8:09am Apr 14, 2011 8:09am
Quoting cloggie
eyes on 4432

Treeguy, how much of this move are you catching? You keeping track of the levels and move your stops accordingly?
I was in at my bottom picking just before your reality check. being rewarded for my mistake of jumping in too soon.

next problem is not having a clear exit strategy. target is trend high but i will take some off the table on the way up.
  • #421,553
  • Apr 14, 2011 8:11am Apr 14, 2011 8:11am
Quoting Flynchenberg
PIG spreads blow out again...

Greek 5-yr touched 15.6% earlier, they would be better of applying for a credit card instead.......
  • #421,554
  • Apr 14, 2011 8:12am Apr 14, 2011 8:12am
Quoting ForexTreeGuy
I was in at my bottom picking just before your reality check. being rewarded for my mistake of jumping in too soon.

next problem is not having a clear exit strategy. target is trend high but i will take some off the table on the way up.

You are still fine, 32 is not giving much resistance so far, as soon as that goes you can move your stops right below and lock in 40 pips. not bad going for a countertrade really.

Exit strategy is really a simple if-then-if, find your levels, watch it go through, move your stops right below, watch out for the next one and rinse and repeat.
  • #421,555
  • Apr 14, 2011 8:13am Apr 14, 2011 8:13am
Im short again according to my plan!!!, 1.4430 just to be sure im on the short side, we could go to 1.4438-1.4447-1.4456, Im just short before because of the hour and my trading plan according to the hour. Normally i take a decision at 8:50 am, and close that trade at 10:20-10:30am, maybe ill leave one open, unless it hit my tp or sl.

3 months working like this and it have given me some dividends and margin call jajaja.

GOOD LUCK GUYS, tp1 1.4370 tp2 1.4354 tp3 1.4338
  • #421,556
  • Apr 14, 2011 8:13am Apr 14, 2011 8:13am
Quoting cloggie
Greek 5-yr touched 15.6% earlier, they would be better of applying for a credit card instead.......
Hero calls followed by margin calls...
  • #421,557
  • Apr 14, 2011 8:15am Apr 14, 2011 8:15am
Quoting cloggie
You are still fine, 32 is not giving much resistance so far, as soon as that goes you can move your stops right below and lock in 40 pips. not bad going for a countertrade really.

Exit strategy is really a simple if-then-if, find your levels, watch it go through, move your stops right below, watch out for the next one and rinse and repeat.

Oops, time to cover Treeguy. Intermediate top is forming here. Now try to figure out why I know that.
  • #421,558
  • Apr 14, 2011 8:15am Apr 14, 2011 8:15am
Quoting cloggie
Greek 5-yr touched 15.6% earlier, they would be better of applying for a credit card instead.......
Well, thay might have a problem finding an issuing bank...

Seb
  • #421,559
  • Apr 14, 2011 8:17am Apr 14, 2011 8:17am
Quoting Flynchenberg
Well, thay might have a problem finding an issuing bank...

Seb
i'll act as a guarantor for them
Hero calls followed by margin calls...
  • #421,560
  • Apr 14, 2011 8:18am Apr 14, 2011 8:18am
Quoting PhAnTi'
i'll act as a guarantor for them

You do that and I will short the hell out of you.
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