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Trading EURUSD only

  • #42,041
  • Apr 4, 2013 9:27am Apr 4, 2013 9:27am
Quoting TraderPablo
shrt 2 71 tp 1 64 rest watch
tp55 out
  • #42,042
  • Apr 4, 2013 9:28am Apr 4, 2013 9:28am
I advise EURUSD traders ( not scalping ) to wait RO before entering a new trade.
fyi
  • #42,043
  • Apr 4, 2013 9:29am Apr 4, 2013 9:29am

Quoting TraderPablo
tp55 out
  • #42,044
  • Apr 4, 2013 9:30am Apr 4, 2013 9:30am
Right now I am risking 11% of my account because I think this has a very good Risk to Reward %. So I am willing to take a risk here. Normally I will not go over 5% is my limit. Only think that can bend me over is how bad the USA lies on NFP. You tell me how bad they will lie and I will tell you if we have a higher low or we make a lower low. That I think is what the larceny group will use to take out the higher low if they are going too. After that it will move up for a few months but 4-6 week min. Just my opinion. Everyone has their take. Just like now all the shorts are coming in trying to short it. I am sure most everyone here is short trying to scalp this right now.
Quoting MeInGraySuit
What percentage of margin do you use?
  • #42,045
  • Apr 4, 2013 9:33am Apr 4, 2013 9:33am
What is "RO"?
Quoting stevewalker
I advise EURUSD traders ( not scalping ) to wait RO before entering a new trade. fyi
  • #42,046
  • Apr 4, 2013 9:35am Apr 4, 2013 9:35am
Two reasons for the euro rebound and some technical analysis

Written by Adam Button
April 4, 2013 at 14:09 GMT

 

  1. Draghi whipsawed the market. He sounded like he was setting up a rate cut and then didn’t deliver. Shorts got caught in a bad spot and have been rushing to the exits
  2. The next big data point is non-farm payrolls and the soft jobless claims number along with the weak jobs numbers yesterday have the market expecting a disappointment and they’re dumping dollars in anticipation

Technically, EUR/USD touched a 4.5 month low but is now posting a massive reversal signal. I would be cautious, however, until Tuesday’s high of 1.2878 and the 200-day moving average at 1.2893 break. There are bigtime offers around those levels.

  • #42,047
  • Apr 4, 2013 9:36am Apr 4, 2013 9:36am
1st page

RO : Rollover
Quoting rgozzani
What is "RO"?
  • #42,048
  • Apr 4, 2013 9:37am Apr 4, 2013 9:37am
Quoting morob
Two reasons for the euro rebound and some technical analysis ("http://www.forexlive.com/blog/2013/04/04/two-reasons-for-the-euro-rebound-and-some-technical-analysis/") Written by Adam Button ("http://www.forexlive.com/blog/author/abutton/") April 4, 2013 at 14:09 GMT Draghi whipsawed the market. He sounded like he was setting up a rate cut and then didn’t deliver. Shorts got caught in a bad spot and have been rushing to the exits The next big data point is non-farm payrolls and the soft jobless claims number along with the weak jobs numbers...
ty for the info...
  • #42,049
  • Apr 4, 2013 9:37am Apr 4, 2013 9:37am
Thanks! As far as the eur/usd goes the Horizontal level at 1.2920 area +/- 15 is an area were the market generally turns. So I would expect heaving selling in that area. More that what is going on now to sell it back down to try and take out the lows. I would like to see it above 1.2950. Then I know we have a long market. Below that level their is a downside risk. That is how I see it long term.
Quoting EuroTraderJD
We all have our gifts and yours is longer term. I am thankful that you are here due to your perspective.
  • #42,050
  • Apr 4, 2013 9:39am Apr 4, 2013 9:39am
Quoting Robby
Right now I am risking 11% of my account because I think this has a very good Risk to Reward %. So I am willing to take a risk here. Normally I will not go over 5% is my limit. Only think that can bend me over is how bad the USA lies on NFP. You tell me how bad they will lie and I will tell you if we have a higher low or we make a lower low. That I think is what the larceny group will use to take out the higher low if they are going too. After that it will move up for a few months but 4-6 week min. Just my opinion. Everyone has their take....
That is great, I trade for a couple people on my LAMM account as well as for myself, I have one guy that wants me to be very agressive and the others are very conservative. The LAMM account is great for that. Sounds like you are more of a position trader. Risking 5-10% what is your average return on investment if you don't mind me asking?
  • #42,051
  • Apr 4, 2013 9:40am Apr 4, 2013 9:40am
Quoting stevewalker
1st page RO : Rollover
http://www.forexfactory.com/showthread.php?t=388399

RO=RollOver...ty Steve i always have to refer to pg1....eventually ill get it ...thick head, me
  • #42,052
  • Apr 4, 2013 9:41am Apr 4, 2013 9:41am
Thanx. (sorry, ok first page)

Quoting stevewalker
1st page RO : Rollover
  • #42,053
  • Apr 4, 2013 9:41am Apr 4, 2013 9:41am
Quoting MeInGraySuit
That is great, I trade for a couple people on my LAMM account as well as for myself, I have one guy that wants me to be very agressive and the others are very conservative. The LAMM account is great for that. Sounds like you are more of a position trader. Risking 5-10% what is your average return on investment if you don't mind me asking?
Or what are you trying to achieve percentage wise?
  • #42,054
  • Apr 4, 2013 9:43am Apr 4, 2013 9:43am

Quoting rgozzani
Thanx. (sorry, ok first page)
  • #42,055
  • Apr 4, 2013 9:50am Apr 4, 2013 9:50am
lg 2@52 tp1 at 57 watching
  • #42,056
  • Apr 4, 2013 9:51am Apr 4, 2013 9:51am
I do not want to risk over 5% of total account generally. Only when I have a good setup will I go over. As far as what I what kind of trading I do. I guess you could call me a position person. I just try to catch the swing on a daily chart. ROI really depends. Some it's (-) and some it's over 1:20 avg it's about 1:3. Win loss for the last 12 months has been 3 loss with 11 gains. I do not trade the market active. Last 3 weeks I have been looking at it because I feel their is a good chance to make some money. Why I am here. Time will only tell if I am right or wrong. I think I am right. I like what I am seeing and how the market is reacting.
Quoting MeInGraySuit
That is great, I trade for a couple people on my LAMM account as well as for myself, I have one guy that wants me to be very agressive and the others are very conservative. The LAMM account is great for that. Sounds like you are more of a position trader. Risking 5-10% what is your average return on investment if you don't mind me asking?
  • #42,057
  • Apr 4, 2013 9:52am Apr 4, 2013 9:52am
Quoting TraderPablo
lg 2@52 tp1 at 57 watching
tp 60 out
  • #42,058
  • Apr 4, 2013 9:58am Apr 4, 2013 9:58am
Quoting Robby
Thanks! As far as the eur/usd goes the Horizontal level at 1.2920 area +/- 15 is an area were the market generally turns. So I would expect heaving selling in that area. More that what is going on now to sell it back down to try and take out the lows. I would like to see it above 1.2950. Then I know we have a long market. Below that level their is a downside risk. That is how I see it long term.
This is the reason why I value your insight. I would have never known that. Great post and I will watch these levels. Please post again as a reminder when/if Ms Market goes there.

The words from the "boots on the ground" often have more merit than a talking head in the news.
Trade smaller than rational because the market is irrational...
  • #42,059
  • Apr 4, 2013 9:59am Apr 4, 2013 9:59am
Quoting Robby
I do not want to risk over 5% of total account generally. Only when I have a good setup will I go over. As far as what I what kind of trading I do. I guess you could call me a position person. I just try to catch the swing on a daily chart. ROI really depends. Some it's (-) and some it's over 1:20 avg it's about 1:3. Win loss for the last 12 months has been 3 loss with 11 gains. I do not trade the market active. Last 3 weeks I have been looking at it because I feel their is a good chance to make some money. Why I am here. Time will only tell...
With your win to loss ratio, what is your risk/reward ratio? As for me I use 15-20% margin (sometimes more) to achieve 5-10%/month. My risk reward is a 1:3 (example stop/loss 20pips, reward 60pips)
  • #42,060
  • Apr 4, 2013 9:59am Apr 4, 2013 9:59am
Hey guys i dont remember who here was trading in a pyramid like style but here are my thanks to him THANK YOU DUDE! I tried this this week for number of reasons( Away from PC, trading from phone, and main is that IMO EU is turning bullish but since i'm not sure i'm buying at levels at which i'll normally put SL) and it work just fine for me for now. +60 pips! Still in for my .30 aim. I might TP tommorow before MKT close.
Mind you, my first name is Bad. ..."Nunc Id Vides, Nunc Ne Vides"...
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