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EURUSD

  • #573,141
  • Dec 11, 2011 10:27pm Dec 11, 2011 10:27pm
A buy on EU now as against trend and gains can be booked at 1.3385 levels " and a short again around 1.3430 levels would be my strategy with sl of 1.3329 on the first trade ''''''''
finding A M S
  • #573,142
  • Dec 11, 2011 10:31pm Dec 11, 2011 10:31pm
Quoting shocfacter
And when I complain about the "frank/dodd" act its not just that. It was all that crap they did around that time. The FIFO crap, the no hedging thing, ALL of that. Its all just pure BS and all of us just lying down and excepting it is just opening the door for them to take more. As a matter of fact, right after they made those changes is when every US trader should have traveled to washington and put on our own "occupy" like protest against it.
We Shall Overcome. sing with me.....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #573,143
  • Dec 11, 2011 10:34pm Dec 11, 2011 10:34pm
Morning , so daily sell off may started with gap up & down as expected for 3303,3271 & 40 & with frankie & London open if again spike to 3379 okperhaps .
lets see .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #573,144
  • Dec 11, 2011 10:35pm Dec 11, 2011 10:35pm
Quoting Taigen
I'm sorry but are you NUTS? Shorting forex is an entirely different concept than shorting stocks. Currency from time immemorial, has fluxuated daily, based on--you name it--wars, famines, discoveries, etc..

Prices on currencies are base on pairs which are inverse to each other. Stocks are based on it's valuation alone. Shorting in both arenas are absolutely necessary in order to maintain equilibrium in values.

The best thing, in my opinion, is for the Euro to lose in value. That would stimulate their economy to be able to sell on the...

I am aware that when a countrys currency is worth less its good for their trade. Japan is the main offender. Devaluating their own currency all the time. Thats nothing new. Maybe I just like the familiararity of the Euro and dont want to see it go away. Im sure I will adapt to whatever scenario though. I just dont like the idea of having to keep track of so many more pairs that will come about. And keep in mind, im not so much interested in how this affects their economy as I am in how it will affect my trading.
  • #573,145
  • Dec 11, 2011 10:41pm Dec 11, 2011 10:41pm
Quoting shocfacter
Everytime I short eur/usd I feel kind of guilty because I know that in order for me to make money I need the pair to fail. And right about now, "fail" for the Euro means that things arent fixed over there and every time it fails thats just another nail in its coffin. I mean, i dont want the Eurozone to break apart. I dont think it would be good for forex traders as it would throw the markets into turmoil for months and years to come. Not to mention, 17 or so old/new separate currencies thrown back into the mix. Jesus freaking CHRIST that would...
A couple points.

first of all, you can succeed quite nicely if you think shorting the Euro means that you are actually long USD. So you want the USD to get stronger.

Second, just think that Goldman Sacs, China and the ME are on the other side of the trade. So every time you succeed, you are actually taking their money.

Feeling better?
Kill the ego, or it will kill the mission.
  • #573,146
  • Dec 11, 2011 11:00pm Dec 11, 2011 11:00pm
Quoting AaronWard
A couple points.

first of all, you can succeed quite nicely if you think shorting the Euro means that you are actually long USD. So you want the USD to get stronger.

Second, just think that Goldman Sacs, China and the ME are on the other side of the trade. So every time you succeed, you are actually taking their money.

Feeling better?
lol, the old mental trickery game huh?
  • #573,147
  • Dec 11, 2011 11:01pm Dec 11, 2011 11:01pm
Quoting shocfacter
I am aware that when a countrys currency is worth less its good for their trade. Japan is the main offender. Devaluating their own currency all the time. Thats nothing new. Maybe I just like the familiararity of the Euro and dont want to see it go away. Im sure I will adapt to whatever scenario though. I just dont like the idea of having to keep track of so many more pairs that will come about. And keep in mind, im not so much interested in how this affects their economy as I am in how it will affect my trading.

Once you learn how the currency affects their economy, you will learn, while you earn, how it affects your trading.
Time turns trend. - W.D. Gann
  • #573,148
  • Dec 11, 2011 11:01pm Dec 11, 2011 11:01pm
wax on !

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  • #573,149
  • Dec 11, 2011 11:05pm Dec 11, 2011 11:05pm
Quoting shocfacter
lol, the old mental trickery game huh?
Much better than the other one which goes like this "I am a vulture that is hoping for global collapse. In fact, it would be better if the world economy didn't collapse even if that means I lose some money"
Kill the ego, or it will kill the mission.
  • #573,150
  • Dec 11, 2011 11:25pm Dec 11, 2011 11:25pm
Quoting The Fool
Quoting Taigen
Dukascopy will take u.s. accounts using their Dukascopy Bank SA.
if this is true it would be good to know - i will email them & get back to you
It's not a Dukascopy account. It's an Alpari US or FXDD US account which use the JForex platform and data feed.

Big difference.

here -

http://www.dukascopy.com/europe/english/about/ournews/

1st July 2011
Dukascopy Bank SA announces partnerships with FXDirectDealer, LLC and Alpari (US), LLC

Dukascopy Bank SA is proud to announce its collaboration with two leading US brokers which will offer Dukascopy Bank SA’s trading technology and data feed to US residents through a White Label agreement. US residents willing to transfer their account to FXDirectDealer, LLC or to Alpari (US), LLC are invited to instruct Dukascopy Bank SA as soon as possible.

Alain Broyon, CEO of Dukascopy Bank says: "We are very enthusiastic starting those promising collaborations which will allow US-based clients to continue using Dukascopy Bank SA’s trading technology and data feed and which are building up Dukascopy Bank SA as provider of trading technology.”
  • #573,151
  • Dec 11, 2011 11:34pm Dec 11, 2011 11:34pm
Very nice fib play on EU last week...

White lines represent only one of the posibilities not trading plan.

http://a.yfrog.com/img737/8241/15425458.jpg
  • #573,152
  • Dec 11, 2011 11:40pm Dec 11, 2011 11:40pm
Quoting Fudomyo
It's not a Dukascopy account. It's an Alpari US or FXDD US account which use the JForex platform and data feed.

Big difference.
ya i thot so - so there would be all the limitations of any other US account
"If The Fool persists in his Folly he will become wise." - William Blake
  • #573,153
  • Dec 11, 2011 11:54pm Dec 11, 2011 11:54pm
Quoting ForExtraPips
Once you learn how the currency affects their economy, you will learn, while you earn, how it affects your trading.
Hope so.
  • #573,154
  • Dec 12, 2011 12:06am Dec 12, 2011 12:06am
http://www.forexfactory.com/showthread.php?t=330981
Trade responsiblypatience is the key/Swing trader
  • #573,155
  • Dec 12, 2011 12:12am Dec 12, 2011 12:12am
long @33350. TP@3430 SL@ 3280
with no reason..............just too cold to sitting infront of computer............
  • #573,156
  • Dec 12, 2011 12:12am Dec 12, 2011 12:12am
Quoting The Fool
ya i thot so - so there would be all the limitations of any other US account
exactly.
  • #573,157
  • Dec 12, 2011 12:18am Dec 12, 2011 12:18am
Quoting whatfx
NEVER rely on divergence on 5m chart. it can be wrong a lot of the times.
Yeah I learned that lesson on Friday. I was short the whole london sesson.
  • #573,158
  • Dec 12, 2011 12:19am Dec 12, 2011 12:19am
Quoting shocfacter
I am aware that when a countrys currency is worth less its good for their trade. Japan is the main offender. Devaluating their own currency all the time. Thats nothing new. Maybe I just like the familiararity of the Euro and dont want to see it go away. Im sure I will adapt to whatever scenario though. I just dont like the idea of having to keep track of so many more pairs that will come about. And keep in mind, im not so much interested in how this affects their economy as I am in how it will affect my trading.
Without shorting, markets of all types would overheat. It was over a year ago that the Euro was at 1.18 and most thought it was going to parity. No one at that time was worried the Euro was going to pieces. The Euro will have some painful time ahead but if it is the will of the EU people, it should survive. Otherwise, we'll find the up and down somewhere else.
Taigen Profit This Month: na
  • #573,159
  • Dec 12, 2011 12:22am Dec 12, 2011 12:22am
Quoting Incrediblle
you went long coz your sitting place is cold?

and u will go short if its hot? hahaha
Have admired that you lack of Logical............
anyway, still in green at moment even with no reason.
BUT: i wont change sl to BE. i will keep it till it auto stop or 3430.
  • #573,160
  • Dec 12, 2011 12:25am Dec 12, 2011 12:25am
Quoting Std-uk
Have admired that you lack of Logical............
anyway, still in green at moment even with no reason.
atleast u are honest to state u took trade without logic
Trade responsiblypatience is the key/Swing trader
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