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EURUSD

  • #568,781
  • Dec 1, 2011 2:27pm Dec 1, 2011 2:27pm
Quoting Yuchen
Exit is more important than Entry in my opinion... I can always find not bad entry point but exit with a bad exit point.
Funny... That's what one of my very good friends told me once.
It's a very busy time when you see a trade setups. Not only entry setups, gotta think tp, sl, and r:r all at once.
  • #568,782
  • Dec 1, 2011 2:30pm Dec 1, 2011 2:30pm
Quoting DaveUK
I tried that a while back, in demo I should add. One order 20 pips above the price, one 20 below. About a minute before the data release price started bouncing around as usual. It dipped down and triggered my short trade. As news was released it reversed, shot up, stopped out the short trade and triggered the long. Almost immediately it reversed, divebombed and stopped it out.

I sat there smiling all the way through it, cos a couple of minutes before it all happened I sat there looking at the chart, the orders and the stops and thought 'I know...
yup. unfortunately, often that is the case. So, I only do that sometimes when I have a feel for that.
  • #568,783
  • Dec 1, 2011 2:34pm Dec 1, 2011 2:34pm
Quoting pkimnyc
Funny... That's what one of my very good friends told me once.
That's the Key to being profitable, if you have the full set of tools (futures/hedges/swaps), that's how you manage a fund to profit in any market. it gets harder as you have options taken away, but you can still manage your way out of a bad situation with great money management. that's where the skill comes in and on the fly decision making. This is something you can't tell somebody, it's a learned trait through experience, just like a sport. No instruction book can teach it.
  • #568,784
  • Dec 1, 2011 2:53pm Dec 1, 2011 2:53pm
Quoting lolygagv2
That's the Key to being profitable, if you have the full set of tools (futures/hedges/swaps), that's how you manage a fund to profit in any market. it gets harder as you have options taken away, but you can still manage your way out of a bad situation with great money management. that's where the skill comes in and on the fly decision making. This is something you can't tell somebody, it's a learned trait through experience, just like a sport. No instruction book can teach it.
Right on! I was talking to my son last night and asked the same question: How in the world do you teach these strategies? Sometimes when your stuck between a rock and a hard place it does take skill to get out relatively unscathed. Or when to bite the bullet. Haven't had one of those scenarios in awhile.
Taigen Profit This Month: na
  • #568,785
  • Dec 1, 2011 2:57pm Dec 1, 2011 2:57pm
Any views on how far EURUSD can go on this swing? 1.37500 or even 1.43000?
  • #568,786
  • Dec 1, 2011 2:58pm Dec 1, 2011 2:58pm
Somethin happenin with CAD and GBP, I think a trend shift
  • #568,787
  • Dec 1, 2011 3:03pm Dec 1, 2011 3:03pm
Quoting alvelino
Any views on how far EURUSD can go on this swing? 1.37500 or even 1.43000?
Need to clear the res area we're in now first. One step at a time.
  • #568,788
  • Dec 1, 2011 3:05pm Dec 1, 2011 3:05pm
Quoting alvelino
Any views on how far EURUSD can go on this swing? 1.37500 or even 1.43000?
I don't think EU can go over 1.42 with all debts over there.
  • #568,789
  • Dec 1, 2011 3:06pm Dec 1, 2011 3:06pm
Quoting alvelino
Any views on how far EURUSD can go on this swing? 1.37500 or even 1.43000?
In my view, the inevitable march to the sea will still take place causing the EU to go down to the twenties. However, yesterday was a coordinated orchestration by nation banks to provide a solution. It won't work but that does not mean they won't try to shore up the valuation. I believe it will continue to go up based on two things:

1)The banks want us to have the perception that the Euro has value.

2) a natural fear of the brokers who have stayed on the sidelines. They are going to have to fill their funds before the years out.


1.3750 is possible. Really, I have no clue. I do think it will go up before it goes down. Watch the market make a liar out of me.
Taigen Profit This Month: na
  • #568,790
  • Dec 1, 2011 3:20pm Dec 1, 2011 3:20pm
Quoting alvelino
Any views on how far EURUSD can go on this swing? 1.37500 or even 1.43000?
for super short run, swing between 3420 and 3520
for short, mid term run, i think the resistences are 3615, 3777, 3920, 4240, supports are 3320, 3220, 3140 and 3000
for long run, i dont think it can keep above 4400 but it may keep below 1.2880
  • #568,791
  • Dec 1, 2011 3:29pm Dec 1, 2011 3:29pm
Quoting FXThug
maybe scalp tonight hmm??
from this 1pip profit
MACD set up, 6, 17, 7 is the best, thanks very much.
  • #568,792
  • Dec 1, 2011 4:48pm Dec 1, 2011 4:48pm
expecting to go move further up to short
  • #568,793
  • Dec 1, 2011 5:13pm Dec 1, 2011 5:13pm
Quoting gatoman
MACD set up, 6, 17, 7 is the best, thanks very much.
Why?
  • #568,794
  • Dec 1, 2011 5:31pm Dec 1, 2011 5:31pm
anyone seeing entry ? it roaming around support for long time and its Friday too will it break @ tokyo
Mohan
  • #568,795
  • Dec 1, 2011 5:42pm Dec 1, 2011 5:42pm
Quoting gatoman
MACD set up, 6, 17, 7 is the best, thanks very much.
What time frame and why do you feel it is better? Elaborate please.
  • #568,796
  • Dec 1, 2011 5:50pm Dec 1, 2011 5:50pm
Quoting mohan76
anyone seeing entry ? it roaming around support for long time and its Friday too will it break @ tokyo
amazing 10 pip range in the last 2h - about time to get it moving
  • #568,797
  • Dec 1, 2011 6:02pm Dec 1, 2011 6:02pm
Looking for 1.361x, followed by 1.379x somewhere next week
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New voice message: Why are you calling me? If I need you, I'll call you!
  • #568,798
  • Dec 1, 2011 6:13pm Dec 1, 2011 6:13pm
Quoting KillerWhale
Looking for 1.361x, followed by 1.379x somewhere next week

Rate cut to 1.00% is expected in just one week. Regardless of whether it happens before or after the fact, it is GOING to get priced in. There's only one direction the euro is going, and it ain't up.
  • #568,799
  • Dec 1, 2011 6:20pm Dec 1, 2011 6:20pm
Quoting KillerWhale
Looking for 1.361x, followed by 1.379x somewhere next week
05 deceber is coming... i think 1,29xx we can see in few days...
Let us be green
  • #568,800
  • Dec 1, 2011 6:34pm Dec 1, 2011 6:34pm
Quoting leafarct
05 deceber is coming... i think 1,29xx we can see in few days...
Lol, any reason?
New voice message: Why are you calling me? If I need you, I'll call you!
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