Kno said he was off earlier, and so am i. Take care my friend and everyone else, we are all friends
If there was easy money lying around,no one would be forcing it into your
- #28,181
- Apr 27, 2012 7:58am Apr 27, 2012 7:58am
- | Membership Revoked | Joined Aug 2011 | 7,263 Posts
- #28,182
- Apr 27, 2012 8:05am Apr 27, 2012 8:05am
- | Commercial User | Joined Jun 2009 | 5,468 Posts
Hi guys, I just wake up after yesterday yen madness. I only want to say that the wedge is not broken yet
Stocktwit: LuisCarlos - twitter: @lcparodi
- #28,183
- Apr 27, 2012 8:05am Apr 27, 2012 8:05am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #28,184
- Apr 27, 2012 8:26am Apr 27, 2012 8:26am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
I'm not sure how much of a smart move this was, but I shorted (small size) at 1.3263
Don't follow me unless you strongly believe this area will be strongly defended by sovereign interests. Actually you should never follow me unless you have balls of steel
I am also still short from 1.3400 (large lot size) and 1.3186 (small lot size)
ADD: The Euro (according to Oanda and FXCM) is heavily net short by the lemmings. This is a bit dangerous as it tempts the large institutional dealers to launch a stop hunt and squeeze out all the shorts. However, I feel confident that no large dealer wants to hold on to Euros right now, so if they do in fact launch a stop hunt, it will be quickly faded and give me the opportunity to fade it along with them.
Don't follow me unless you strongly believe this area will be strongly defended by sovereign interests. Actually you should never follow me unless you have balls of steel
I am also still short from 1.3400 (large lot size) and 1.3186 (small lot size)
ADD: The Euro (according to Oanda and FXCM) is heavily net short by the lemmings. This is a bit dangerous as it tempts the large institutional dealers to launch a stop hunt and squeeze out all the shorts. However, I feel confident that no large dealer wants to hold on to Euros right now, so if they do in fact launch a stop hunt, it will be quickly faded and give me the opportunity to fade it along with them.
Those who say it cannot be done should not interrupt those who are doing it
- #28,185
- Apr 27, 2012 8:36am Apr 27, 2012 8:36am
- | Joined Jan 2011 | Status: my blog www.ijhas.blogspot.com | 1,038 Posts
I'm not sure how much of a smart move this was, but I shorted (small size) at 1.3263
Cheers
aligater
born to speculate
- #28,186
- Apr 27, 2012 8:37am Apr 27, 2012 8:37am
- Joined Dec 2009 | Status: The New Legend™ | 4,846 Posts
Always looking the GREAT, never left GOOD Point...
- #28,187
- Apr 27, 2012 8:39am Apr 27, 2012 8:39am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
my friend its not a very clever move however good luck.
Cheers
aligater
ADD: Look at it this way... Today the Euro has already made a daily range of approx 115 pips. Higher than the 10 day and 20 day ATR. That's the technical view. Now, how much further can it reach on current fundamentals? Clearly the odds of price returning below my short between now and Monday are on my side. Worst case I get out with a small loss of floating profit. To me that is an excellent risk/reward ratio.
Those who say it cannot be done should not interrupt those who are doing it
- #28,189
- Apr 27, 2012 8:45am Apr 27, 2012 8:45am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Hello PT,
Do you have a link for FXCM open positions? I know the Oanda link but cannot find stuff like this for FXCM. Or is it for fxcm customers only?
Many thanks!
If you have a live account with FXCM, you can log in to the members area at dailyfx.com
ADD: Here is a copy/paste from FXCM
Those who say it cannot be done should not interrupt those who are doing it
- #28,190
- Apr 27, 2012 8:51am Apr 27, 2012 8:51am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #28,191
- Apr 27, 2012 8:56am Apr 27, 2012 8:56am
- | Membership Revoked | Joined Aug 2011 | 7,263 Posts
Appreciate your sentiment Aligator, but I am well covered so in reality I am only risking some of my floating profit. 0% capital risk
ADD: Look at it this way... Today the Euro has already made a daily range of approx 115 pips. Higher than the 10 day and 20 day ATR. That's the technical view. Now, how much further can it reach on current fundamentals? Clearly the odds of price returning below my short between now and Monday are on my side. Worst case I get out with a small loss of floating profit....
because today is friday
If there was easy money lying around,no one would be forcing it into your
- #28,192
- Apr 27, 2012 8:57am Apr 27, 2012 8:57am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #28,193
- Apr 27, 2012 8:58am Apr 27, 2012 8:58am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
today is different
because today is friday
Those who say it cannot be done should not interrupt those who are doing it
- #28,194
- Apr 27, 2012 9:00am Apr 27, 2012 9:00am
- | Joined Jan 2011 | Status: my blog www.ijhas.blogspot.com | 1,038 Posts
Appreciate your sentiment Aligator, but I am well covered so in reality I am only risking some of my floating profit. 0% capital risk
ADD: Look at it this way... Today the Euro has already made a daily range of approx 115 pips. Higher than the 10 day and 20 day ATR. That's the technical view. Now, how much further can it reach on current fundamentals? Clearly the odds of price returning below my short between now and Monday are on my side. Worst case I get out with a small loss of floating profit. To...
Cheers
aligater
born to speculate
- #28,195
- Apr 27, 2012 9:02am Apr 27, 2012 9:02am
- | Membership Revoked | Joined Aug 2011 | 7,263 Posts
If there was easy money lying around,no one would be forcing it into your
- #28,196
- Apr 27, 2012 9:03am Apr 27, 2012 9:03am
- | Commercial User | Joined Jun 2009 | 5,468 Posts
Stocktwit: LuisCarlos - twitter: @lcparodi
- #28,197
- Apr 27, 2012 9:04am Apr 27, 2012 9:04am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
I took your short at my target,,, 1.3240 ,
Cheers
aligater
Those who say it cannot be done should not interrupt those who are doing it
- #28,198
- Apr 27, 2012 9:06am Apr 27, 2012 9:06am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #28,199
- Apr 27, 2012 9:13am Apr 27, 2012 9:13am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Daily DX holding at channel support
Those who say it cannot be done should not interrupt those who are doing it
- #28,200
- Apr 27, 2012 9:21am Apr 27, 2012 9:21am
- Joined Oct 2009 | Status: Whn Market Warms u..U keep it Kool | 6,578 Posts
