EURUSD | Page 38948 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #778,941
  • Mar 27, 2013 7:46am Mar 27, 2013 7:46am
Quoting MaxDoom
are you not already wrong if you are moving your SL, which then brings into question why move your SL?

it's a helpful comment
There is a slight (and I mean slight) art to this business, do you not think? I came in slight inefficient on my entry, which I knew may stop me out with a slim stop of 20. However I am still confident in the overall trade. I believe we are moving up to 12930s now, before the final and BIG move down.

I hope that explains that matey. I understand moving stops does that not sit well with disciplined trading - however I have budgeted in with the fact that I made no losses yeaterday. I work on a weekly timeframe/average.
Don't over egg the cake.
  • #778,942
  • Mar 27, 2013 7:47am Mar 27, 2013 7:47am
To reverse or not to reverse that is the question. At 2625 or at 2665 the second question. Where is mr Hamlet?
  • #778,943
  • Mar 27, 2013 7:51am Mar 27, 2013 7:51am
One after another keeps on coming LOL
Luxembourg Next to Face Euro Collapse
http://www.livetradingnews.com/luxem...m#.UVLqaBepVJR
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #778,944
  • Mar 27, 2013 7:54am Mar 27, 2013 7:54am
Quoting Avir
One after another keeps on coming LOL
Luxembourg Next to Face Euro Collapse
http://www.livetradingnews.com/luxem...m#.UVLqaBepVJR
America in constant crisis. American debt is big enough to stand for itself.
  • #778,945
  • Mar 27, 2013 7:55am Mar 27, 2013 7:55am
-20 from above trades . just using small stops to catch big profit ;]
looking for investors . pm me
  • #778,946
  • Mar 27, 2013 7:59am Mar 27, 2013 7:59am
Quoting Testit
There is a slight (and I mean slight) art to this business, do you not think? I came in slight inefficient on my entry, which I knew may stop me out with a slim stop of 20. However I am still confident in the overall trade. I believe we are moving up to 12930s now, before the final and BIG move down.

I hope that explains that matey. I understand moving stops does that not sit well with disciplined trading - however I have budgeted in with the fact that I made no losses yeaterday. I work on a weekly timeframe/average.

Well you have to do it your own way that is for sure.

For me I always look to place my stop where if the price reaches I know that the assumption for my trade was wrong and therefore I should no longer be in the trade. That way it also forces you to think about your entry decision from a different perspective as well
  • #778,947
  • Mar 27, 2013 8:01am Mar 27, 2013 8:01am
Quoting Avir
One after another keeps on coming LOL
Luxembourg Next to Face Euro Collapse
http://www.livetradingnews.com/luxem...m#.UVLqaBepVJR
That is as planned marketwise to keep markets busy all the time. This what you stated above will continue for quite a while.

Why kill all speculation on one trade?

Only thing that bothers me sometimes is strong volatility on basically weak markets with no scheduled news.

Then one can figure shit hitting the fan at anytime.
They think they are smarter than I am.
  • #778,948
  • Mar 27, 2013 8:02am Mar 27, 2013 8:02am
Quoting Ken A
I have recovered all the pips plus some now.
Me too closed @120.55, overall +- for today so far and I am exhausted...
  • #778,949
  • Mar 27, 2013 8:05am Mar 27, 2013 8:05am
Quoting math_GB
Me too closed @120.55, overall +- for today so far and I am exhausted...
Take a break to avoid mistake.
  • #778,950
  • Mar 27, 2013 8:06am Mar 27, 2013 8:06am
Quoting Z3iz3i
That is as planned marketwise to keep markets busy all the time. This what you stated above will continue for quite a while.

Why kill all speculation on one trade?

Only thing that bothers me sometimes is strong volatility on basically weak markets with no scheduled news.

Then one can figure shit hitting the fan at anytime.
yeah that is what worries me too
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #778,951
  • Mar 27, 2013 8:08am Mar 27, 2013 8:08am
Quoting Ken A
Take a break to avoid mistake.
Yes dude good idea, actually I am beginning to think I was wrong with my view "a bullish month-end close" which ruins my short term bias...
  • #778,952
  • Mar 27, 2013 8:10am Mar 27, 2013 8:10am
Quoting math_GB
Yes dude good idea, actually I am beginning to think I was wrong with my view "a bullish month-end close" which ruins my short term bias...
I was wrong from the beginning due to U/J was supporting E/J at 121.40. Very Deceiving
  • #778,953
  • Mar 27, 2013 8:10am Mar 27, 2013 8:10am
short EJ @ 120.49 looking to see a test of the low
  • #778,954
  • Mar 27, 2013 8:13am Mar 27, 2013 8:13am
Quoting MaxDoom
short EJ @ 120.49 looking to see a test of the low
, closed the longs @120.55 and R_E_V_E_R_S_O
  • #778,955
  • Mar 27, 2013 8:13am Mar 27, 2013 8:13am
Euro heading towards 2693
  • #778,956
  • Mar 27, 2013 8:20am Mar 27, 2013 8:20am
Quoting MaxDoom
Well you have to do it your own way that is for sure.

For me I always look to place my stop where if the price reaches I know that the assumption for my trade was wrong and therefore I should no longer be in the trade. That way it also forces you to think about your entry decision from a different perspective as well
I quite agree. I have a very regimented stop allowance myself. Only 20 pts per day - if I fail im out - FOR THE DAY. Hence the reason you'll see SL 20 on most my posts. This then as you quite rightly said forces me to make the most efficient entry possible. Even to the hair-tearing-out frustration of watching a 'guaranteed' winner run, whilst having to only observe because my own rules do not permit me to.

Today is an exception however because of the shorter week. I have allowed myself Friday's quota as I know I wont be trading, but have a 'guaranteed' hangover!!!
Don't over egg the cake.
  • #778,957
  • Mar 27, 2013 8:20am Mar 27, 2013 8:20am
Quoting Ken A
They are in sync now


Attachment

My S3 119.98, Max's 119.92 where did you get 119.80...?
  • #778,958
  • Mar 27, 2013 8:21am Mar 27, 2013 8:21am
on my other chart, more shallow, from the drop at feb 25th, this is where it could turn, and 2910 will take us down further.
  • #778,959
  • Mar 27, 2013 8:21am Mar 27, 2013 8:21am
Quoting MaxDoom
It's not really about cyprus it is still about the banking sector and how fit for purpose the EU/ECB is at resolving the issues, cyprus is in the crapper because of two banks mainly which highlights that what the EU has done so far is not good enough and confidence after all this time that they can resolve the problems starts to ebb away.

There has also been significant downside data and cyprus is just the straw that goes with the proverbial camel.

Edit: even then, to put another perspective @ 1.28 the EU is still not cheap and it can easily...


this news snippet kind of sums up what I have been saying the last few days.....

The banking crisis in Cyprus may have been resolved, but it's still weighing down the euro, as the market turns its attention to Italy--a much bigger economy whose problems could carry greater repercussions. "Anger at the treatment of Cypriot depositors won't abate, and the damage to confidence in Europe's financial system and leadership is done," says Kit Juckes of Societe Generale. EUR/USD has broken below the investment bank's target of $1.28, and they say the next stop is around $1.26. Continued gloomy economic news from various euro zone countries--unemployment in France, slumping retail sales in Italy--is not helping
  • #778,960
  • Mar 27, 2013 8:24am Mar 27, 2013 8:24am
Quoting math_GB
My S3 119.98, Max's 119.92 where did you get 119.80...?
Was expecting a touch of new low. 119.80 the mid of Monthly Support and Monthly Pivot.
511 traders viewing now