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EURUSD

  • #810,881
  • Jun 27, 2013 3:12am Jun 27, 2013 3:12am
Quoting alinturbut
{quote} Excellent German data for drop or for upward movement?
good German data -> good for euro -> eu suppose to go up
Mohan
  • #810,882
  • Jun 27, 2013 3:13am Jun 27, 2013 3:13am
Quoting mohan76
{quote} good German data -> good for euro -> eu suppose to go up

oh I can not wait for it to go up to 31 level
Loosening is not an option
  • #810,883
  • Jun 27, 2013 3:13am Jun 27, 2013 3:13am
I am thinking to go eurcad long, placed a buy stop order @ 1.36167
  • #810,884
  • Jun 27, 2013 3:36am Jun 27, 2013 3:36am
Quoting mohan76
{quote} good German data -> good for euro -> eu suppose to go up

Good morning/evening
That's a minor pusher buddy, I look at the red ones only and will be paying extra attention to US data from now on.
Unemployment claims should give us a decent move,
swing it!
  • #810,885
  • Jun 27, 2013 3:37am Jun 27, 2013 3:37am
Ugh... hedged my short on GU before news

we have USD data coming out, may reverse in next 12 hours
Even the worst trade can close with profit. Just give it time.
  • #810,886
  • Jun 27, 2013 3:40am Jun 27, 2013 3:40am
Hello to you all as you are all EURUSD traders I thought I would share so cycle analysis with you.

8th July is a key day to look for a EURUSD reversal, if we move up into the 8th my bias would be to short, if we move down then I would go long, so what ever way the market comes in on the 8th look to see a direction change. Now the good news, the move should be hard and fast, lasting at least 15 traded days, the expectation is for a move in excess of 1000+ points and quite possibly 2000.

I am looking for the turn to happen around the london session, but i will be looking for price action to confirm it before taking the trade. When you all make money off this you can send me some heart felt thanks.

Mike Haran
  • #810,887
  • Jun 27, 2013 3:41am Jun 27, 2013 3:41am
Quoting John Gray
Ugh... hedged my short on GU before news we have USD data coming out, may reverse in next 12 hours
how?
Patience is a virtue...
  • #810,888
  • Jun 27, 2013 3:43am Jun 27, 2013 3:43am
Quoting hadox
{quote} how?
with indirect s/l or pause button (taking long while holding short)
Mohan
  • #810,889
  • Jun 27, 2013 3:45am Jun 27, 2013 3:45am
Also well done for putting valuable info from me to bin, ya basterd!
Maybe as a senior I should take care of this place like Twee suggested me to, hmm?
On a TRADING RELATED matter:
As I said I am waiting for NY morning to push as a bit, dixie looking a bit heavy atm so we could be in for an intraday retracement but since I am playing weekly range I will keep my shorts open.
I was underwater a bit today with lower positions on oz but that is fading away with sterling droping nicely.
Best of luck,
swing it!
  • #810,890
  • Jun 27, 2013 3:45am Jun 27, 2013 3:45am
Boring session.

Nothing interesting to do.
COT: The precious data ignored
  • #810,891
  • Jun 27, 2013 3:45am Jun 27, 2013 3:45am
Quoting mohan76
{quote} with indirect s/l (taking long while holding short)
well, then you're flat..
Patience is a virtue...
  • #810,892
  • Jun 27, 2013 3:47am Jun 27, 2013 3:47am
Quoting hadox
{quote} how?
traded before the news.

mistake learnt. usually market spikes before news comes out you see..
Even the worst trade can close with profit. Just give it time.
  • #810,893
  • Jun 27, 2013 3:48am Jun 27, 2013 3:48am
Quoting hadox
{quote} well, then you're flat..
Protect equity without reducing balance, it's a good trick if you don't become 100% dependant on it
Even the worst trade can close with profit. Just give it time.
  • #810,894
  • Jun 27, 2013 3:49am Jun 27, 2013 3:49am
Quoting hadox
{quote} well, then you're flat..
Logically yes , time to time i do that to take psychological advantage , i have EA that will kill all hedge on end of the day
Mohan
  • #810,895
  • Jun 27, 2013 3:53am Jun 27, 2013 3:53am
Quoting John Gray
{quote} Protect equity without reducing balance, it's a good trick if you don't become 100% dependant on it
what's the trick?

either you're long or short in a position.. you can't be both..
Patience is a virtue...
  • #810,896
  • Jun 27, 2013 3:55am Jun 27, 2013 3:55am
Quoting mohan76
{quote} Logically yes , time to time i do that to take psychological advantage , i have EA that will kill all hedge on end of the day
it still doesn't make any sense to me.. what's the psychological advantage?
Patience is a virtue...
  • #810,897
  • Jun 27, 2013 3:55am Jun 27, 2013 3:55am
Quoting hadox
{quote} what's the trick? either you're long or short in a position.. you can't be both..
You're missing out. Believe me.
Even the worst trade can close with profit. Just give it time.
  • #810,898
  • Jun 27, 2013 3:57am Jun 27, 2013 3:57am
Quoting John Gray
{quote} You're missing out. Believe me.

Can you give an example please, I personally think this strategy benefits only broker if you add all the costs, why not be a trend trader or counter trend for that matter?
swing it!
  • #810,899
  • Jun 27, 2013 3:58am Jun 27, 2013 3:58am
Quoting John Gray
{quote} You're missing out. Believe me.
so you're buying 3 bananas and selling 3 bananas.. how many bananas do you have?

i would say 0 - you're saying 6
Patience is a virtue...
  • #810,900
  • Jun 27, 2013 3:59am Jun 27, 2013 3:59am
Quoting John Gray
{quote} You're missing out. Believe me.
To be honest, nothing is missed.

This strategy always made me end up losing money
COT: The precious data ignored
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