eu
I will decrease my position before Tokyo open.
- #492,644
- Jul 18, 2011 5:22pm Jul 18, 2011 5:22pm
- Joined Jan 2008 | Status: HEY! WHA' HAPPENED? | 15,496 Posts
Hi
Sorry, can I asked which stop?
I have left open positions without stop and then I get very large problems
I think I still go to the trdade no plan, then...
Now, if you're itching to know, I'm looking at the 4080 area as a SL
Not all sins are created equal
- #492,646
- Jul 18, 2011 5:38pm Jul 18, 2011 5:38pm
- | Joined Jan 2011 | Status: Trader | 2,078 Posts
Just a FWIW post, not at all OT re EUR/USD.
While it's still, with high likelihood, going to turn out just fine, I'm getting just a little concerned about USA technical default. Here's a few reasons:
While it is in the deep vested interest of the core of the Republican party (the Establishment core) for default not to occur, there are a fairly large number of Members of the House for whom default would only be welcome, but in fact a part of a calling and belief beyond political philosophy. That's dangerous.
There is no movement in the T-markets. That's not too strange, but there are a number of writers and commentators who are starting to say things like: "A default would actually be bullish for T-bonds." That kind of sounds to me like classic "talking your book," and a bit 1929-ish. Have to wait to see the Friday COT numbers to see what might really be going on there.
USA CDS reached another strong high today. Still only like 60, but in a steady climb.
Just keeping an eye on the USD crosses, and the dix. Not a time for alarm by any means, but a time for caution, that's for sure. And you can take that to the bank (for as long as there are any
).
While it's still, with high likelihood, going to turn out just fine, I'm getting just a little concerned about USA technical default. Here's a few reasons:
While it is in the deep vested interest of the core of the Republican party (the Establishment core) for default not to occur, there are a fairly large number of Members of the House for whom default would only be welcome, but in fact a part of a calling and belief beyond political philosophy. That's dangerous.
There is no movement in the T-markets. That's not too strange, but there are a number of writers and commentators who are starting to say things like: "A default would actually be bullish for T-bonds." That kind of sounds to me like classic "talking your book," and a bit 1929-ish. Have to wait to see the Friday COT numbers to see what might really be going on there.
USA CDS reached another strong high today. Still only like 60, but in a steady climb.
Just keeping an eye on the USD crosses, and the dix. Not a time for alarm by any means, but a time for caution, that's for sure. And you can take that to the bank (for as long as there are any
).
Work on planning your trade. Seriously, knowing my SL without knowing how I trade won't help you.
Now, if you're itching to know, I'm looking at the 4080 area as a SL
I explained myself badly, my English
I wanted to understand what you mean by a tight stop, I think I got it, thanks for the reply
- #492,650
- Jul 18, 2011 6:06pm Jul 18, 2011 6:06pm
Erm sorry? dont get ya, did u long or short lol, your pic seems incomplete and it seem like ur trading the breakout of "your" channel.
. Not trading b/o of my channel.. the market's - #492,651
- Jul 18, 2011 6:09pm Jul 18, 2011 6:09pm
- | Joined Jun 2011 | Status: You can if you think you can | 2,969 Posts
Trade What You See Not What You Want To See
- #492,653
- Jul 18, 2011 6:11pm Jul 18, 2011 6:11pm
every day the eurusd makes gains between sydney open and tokyo open, then it loses them it seems...
Hopefully she does infact drop back down to retest 1.402 today though... im short
Hopefully she does infact drop back down to retest 1.402 today though... im short
i think the time has come for a drop into the 1.4020 again finding it hard to break the 1.4120
- #492,655
- Jul 18, 2011 6:13pm Jul 18, 2011 6:13pm
every day the eurusd makes gains between sydney open and tokyo open, then it loses them it seems...
Hopefully she does infact drop back down to retest 1.402 today though... im short
Retest 402 is impossible. If we go there again it is not a retest..
Well, what do you know, Friday's roll is 50% of the choppy downmove. Excellent TP.
- #492,656
- Jul 18, 2011 6:14pm Jul 18, 2011 6:14pm
Pic incomplete, but easy to see its 1h. Long obviously, wouldn't dare to post such a chart if I'd be short like this
Did u wait for the market to react before posting this? lol, seriously traders and their ego.
Well i lost this one, critical demand zone was a good buy, my mistake. it was Shorter time frame but it was a crit demand zone, that was the zone i initially wanted to long , my mistake. But overall already took many pips on the downside, market is actually picking up longs now.
I lost this one , not very confident also when i short it because of the crit demand zone.
SL touched.
- #492,659
- Jul 18, 2011 6:19pm Jul 18, 2011 6:19pm
I'll see what happens at tokyo open, the euro crisis hasn't just _gone away_
and also this action early on isn't unusual, its what happens after the open that im waiting for.
Mitch
and also this action early on isn't unusual, its what happens after the open that im waiting for.
Mitch
Yeah retest is very very very unlikely. if ur in short, get out imo
- #492,660
- Jul 18, 2011 6:22pm Jul 18, 2011 6:22pm
- Joined Jul 2010 | Status: Weebley Wobbly Timey Wimey stuff | 10,604 Posts
