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EURUSD

  • #651,041
  • Jun 4, 2012 5:40am Jun 4, 2012 5:40am
is anybody short right now?
  • #651,042
  • Jun 4, 2012 5:47am Jun 4, 2012 5:47am
Time for lunch and a short afternoon nap
  • #651,043
  • Jun 4, 2012 5:47am Jun 4, 2012 5:47am
Quoting sukkim
I'm waiting scalp short from 1.2440, target 5-20pips & stop 1.2460
I'll be wary of scalping shorts better have an insanely tight SL.

I've been scalping EUR longs and gold from 1615 all with TP of 1625 and I'm hesitating short scalping both.

It is flirting with the resistance and has a possibility of breaking out towards the upside. At least that is what the asset classes show.
  • #651,044
  • Jun 4, 2012 5:51am Jun 4, 2012 5:51am
Quoting sukkim
I'm waiting scalp short from 1.2440, target 5-20pips & stop 1.2460
not a bad call, but price is moving up for 1.2480-1.2510. if downtrend will reject from there downwards for 1.19.

but stocks and commodities is likely to do a recovery from last friday, since US data turned out pretty badly. It did pushes down stocks, but it also reversed usd index. the pull back is likely to start from here.

unless more fundamental drama again from EZ.

unless eu break 1.2625, it still a downtrend.

long and shorts works, just depends where the entries.

today's movement is pretty slow. price will consolidate and break out in new york.
  • #651,045
  • Jun 4, 2012 5:54am Jun 4, 2012 5:54am
Quoting 5percent
not a bad call, but price is moving up for 1.2480-1.2510. if downtrend will reject from there downwards for 1.19.

but stocks and commodities is likely to do a recovery from last friday, since US data turned out pretty badly. It did pushes down stocks, but it also reversed usd index. the pull back is likely to start from here.

unless more fundamental drama again from EZ.

unless eu break 1.2625, it still a downtrend.

long and shorts works, just depends where the entries.

today's movement is pretty slow. price will consolidate and break...
This entry is for 5-20pips only which I'm doing on my live account.
TRADE WHAT U SEE NOT WHAT U WANT TO SEE.
  • #651,046
  • Jun 4, 2012 5:56am Jun 4, 2012 5:56am
will exit @1.2450
  • #651,047
  • Jun 4, 2012 5:57am Jun 4, 2012 5:57am
Quoting Nachiket
will exit @1.2450
Are you trading with your own mind?
TRADE WHAT U SEE NOT WHAT U WANT TO SEE.
  • #651,048
  • Jun 4, 2012 5:57am Jun 4, 2012 5:57am
Quoting Nachiket
will exit @1.2450

ok. show is over. now go down.
  • #651,049
  • Jun 4, 2012 6:01am Jun 4, 2012 6:01am
Quoting fxanonymous
Rule #6

The 10 Rules
1. Never Let a Winner Turn Into a Loser
2. Logic Wins, Impulse Kills
3. Never Risk More Than 2% per Trade
4. Trigger Fundamentally, Enter and Exit Technically
5. Always Pair Strong With Weak
6. Being Right but Being Early Simply Means That You Are Wrong
7. Know the Difference Between Scaling In and Adding to a Loser
8. What is Mathematically Optimal Is Psychologically Impossible
9. Risk Can Be Predetermined, but Reward Is Unpredictable
10. No Excuses, Ever

http://www.investopedia.com/universi...#ixzz1wojSCs9r...
only problem i see is how much of your account can you risk at a time? seeing how all the pairs are linked. if your trading 5pairs all against eur thats 10% loss if it goes wrong.
  • #651,050
  • Jun 4, 2012 6:07am Jun 4, 2012 6:07am
Quoting 5percent
not a bad call, but price is moving up for 1.2480-1.2510. if downtrend will reject from there downwards for 1.19.

but stocks and commodities is likely to do a recovery from last friday, since US data turned out pretty badly. It did pushes down stocks, but it also reversed usd index. the pull back is likely to start from here.

unless more fundamental drama again from EZ.

unless eu break 1.2625, it still a downtrend.

long and shorts works, just depends where the entries.

today's movement is pretty slow. price will consolidate and break...
It remains to be seen which will break up or down .... ... they say: it's raining or not raining ...!
  • #651,051
  • Jun 4, 2012 6:15am Jun 4, 2012 6:15am
Quoting Nachiket
ok. show is over. now go down.
Prepare for another boom upside in minutes..watch out your attitude!
  • #651,052
  • Jun 4, 2012 6:15am Jun 4, 2012 6:15am
Quoting undertaker66
is anybody short right now?
2439.

seems we have to pull back from here but the bulls are relentless today.

you know it's a bull day when london doesn't hammer it. i guess NY could but I don't see why, i think it's the low volume today which is why we haven't seen our typical roll over yet
An opportunity lost is not a capital cost.
  • #651,053
  • Jun 4, 2012 6:17am Jun 4, 2012 6:17am
Quoting BFSGcapital
2439.

seems we have to pull back from here but the bulls are relentless today.

you know it's a bull day when london doesn't hammer it. i guess NY could but I don't see why, i think it's the low volume today which is why we haven't seen our typical roll over yet
I am short. but i am huge short eur/jpy with tight stoploss. also short on eur/usd.
  • #651,054
  • Jun 4, 2012 6:18am Jun 4, 2012 6:18am
Quoting sukkim
Are you trading with your own mind?
what do you mean own mind? I did make profit in first 5 months of the year and I did not read anybody else's mind.
  • #651,055
  • Jun 4, 2012 6:19am Jun 4, 2012 6:19am
Quoting xandi
Prepare for another boom upside in minutes..watch out your attitude!
how do you know that? and whats your tp?
  • #651,056
  • Jun 4, 2012 6:19am Jun 4, 2012 6:19am
Quoting xandi
Prepare for another boom upside in minutes..watch out your attitude!
lets see. what can trigger it to the upside.
  • #651,057
  • Jun 4, 2012 6:22am Jun 4, 2012 6:22am
Quoting Nachiket
I am short. but i am huge short eur/jpy with tight stoploss. also short on eur/usd.
nice, thats the better pair to short right now definitely
An opportunity lost is not a capital cost.
  • #651,058
  • Jun 4, 2012 6:25am Jun 4, 2012 6:25am
Quoting BFSGcapital
2439.

seems we have to pull back from here but the bulls are relentless today.

you know it's a bull day when london doesn't hammer it. i guess NY could but I don't see why, i think it's the low volume today which is why we haven't seen our typical roll over yet
Just wait for NY before taking those huge directional bets.

Whether long or short we don't know yet but the indicators have already shown that money flowed out of the dollar and into Euro especially Spain during Franky, whether US will carry on that money flow remains to be seen.
  • #651,059
  • Jun 4, 2012 6:27am Jun 4, 2012 6:27am
this is why i scalp, because the market should have some sort of ebb and flow, sometimes the risk is so low
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An opportunity lost is not a capital cost.
  • #651,060
  • Jun 4, 2012 6:29am Jun 4, 2012 6:29am
Quoting BFSGcapital
nice, thats the better pair to short right now definitely

got out of one of the shorts in 14 pips.
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