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  • #844,161
  • Oct 15, 2013 1:53pm Oct 15, 2013 1:53pm
Quoting ffleo
{quote} my brokers are US based and all my accounts are USD denominated. If I change them to Euro, I cannot use my money here in the us.
...thatīs why I keep my money in Switzerland
Quant Hedge Fund CEO
  • #844,162
  • Oct 15, 2013 1:59pm Oct 15, 2013 1:59pm
Quoting ffleo
{quote} my brokers are US based and all my accounts are USD denominated. If I change them to Euro, I cannot use my money here in the us.
Not true. you can use any currency as long as the counterparty accepts it... and it's all perfectly legal.
  • #844,163
  • Oct 15, 2013 2:01pm Oct 15, 2013 2:01pm
Quoting okanemici
{quote} I see a sell limit 1.3525 max and a buy limit 0.9115 usdchf.For 1.36 a lot of things has to happen.This pa tells me to exit eu shorts now and reload shorts around 1.3525 and wait for todays lows to be broken.
It was just 1 h 45 min ago , tell me that I didn't tell you
  • #844,164
  • Oct 15, 2013 2:02pm Oct 15, 2013 2:02pm
Quoting ill_be_back
Short EJ 133.786
Closed ALL @ 132.944
A good trader follows his rules, but great trader knows when to break them
  • #844,165
  • Oct 15, 2013 2:03pm Oct 15, 2013 2:03pm
Quoting attila
{quote} Not true. you can use any currency as long as the counterparty accepts it... and it's all perfectly legal.
I hope Meijier, Jewel Osco accept euro.

I know Canada accept USD
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #844,166
  • Oct 15, 2013 2:05pm Oct 15, 2013 2:05pm
Quoting ffleo
{quote} I hope Meijier, Jewel Osco accept euro.
Seven Eleven might.. Those guys are always ahead of the curve..
  • #844,167
  • Oct 15, 2013 2:07pm Oct 15, 2013 2:07pm
Quoting attila
{quote} Seven Eleven might.. Those guys are always ahead of the curve..
there should be an indicator called "7-11". just kidding
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #844,168
  • Edited 2:23pm Oct 15, 2013 2:12pm | Edited 2:23pm
euro has been stuck in a range for so long. it needs to go one way to take out stops before going the other way. when it does this, stops on both sides of the range are taken care of. Only strong hands will make profit. The weak hands lose their money to stop losses.

Always lock your profit (at least partial) rather than waiting for too long for stop loss to take you out.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #844,169
  • Oct 15, 2013 2:27pm Oct 15, 2013 2:27pm
I am confused with the PA regarding suspension of talks re $ debt ceiling debacle (which I assume is the reason behind sudden bullish momentum)
I have not traded for a while, say a year - then last during the risk on/off mystery, was risk on, usually bearish for euro...due to flight to safety in dollar rather than stock market...I suspect a new mystery has emerged and it is back to actual news momentum trading rather than the risk on/off explaination? AKA bad news for a currency = good news for the pair it is traded against? Can anyone explain otherwise?
  • #844,170
  • Oct 15, 2013 2:29pm Oct 15, 2013 2:29pm
Quoting annieb
I am confused with the PA regarding suspension of talks re $ debt ceiling debacle (which I assume is the reason behind sudden bullish momentum) I have not traded for a while, say a year - then last during the risk on/off mystery, was risk on, usually bearish for euro...due to flight to safety in dollar rather than stock market...I suspect a new mystery has emerged and it is back to actual news momentum trading rather than the risk on/off explaination? AKA bad news for a currency = good news for the pair it is traded against? Can anyone explain otherwise?...
a 20-30 pips pop is not momentum. euro was at support before the pop
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #844,171
  • Oct 15, 2013 2:32pm Oct 15, 2013 2:32pm
''Talks have not colapsed ''
::::::::::::::::::::::::::::::::::::::::::::::::
LOL
I see
This is actually funny , there is only one possible outcome and it will be annunced on time , just after MM have closed all in profit .
  • #844,172
  • Oct 15, 2013 2:42pm Oct 15, 2013 2:42pm
http://http://viableopposition.blogs...d-deficit.html

::::::::::::::::::::::

just an idea
  • #844,173
  • Oct 15, 2013 2:44pm Oct 15, 2013 2:44pm
Quoting annieb
I am confused with the PA regarding suspension of talks re $ debt ceiling debacle (which I assume is the reason behind sudden bullish momentum) I have not traded for a while, say a year - then last during the risk on/off mystery, was risk on, usually bearish for euro...due to flight to safety in dollar rather than stock market...I suspect a new mystery has emerged and it is back to actual news momentum trading rather than the risk on/off explaination? AKA bad news for a currency = good news for the pair it is traded against? Can anyone explain otherwise?...
Because the dollar was considered to be a heaven currency. ( At the risk of default, presumably yields would spike as less people interested to loan the government and bare the risk of not being paid. So to reduce the risk, if you have an exposure to the American economy - you have to short any financial instrument against US. )

So, by the time the dollar restores its fame as a heaven currency, risk on / off will be working soon.
"It's the Margin, Stupid."
  • #844,174
  • Oct 15, 2013 2:45pm Oct 15, 2013 2:45pm
8 trades, +153 pips

Do not try this at home.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 31 KB
Wherever you go, there you are.
  • #844,175
  • Oct 15, 2013 2:57pm Oct 15, 2013 2:57pm
Quoting Mr.MaginCole
{quote} 3480 === I bailed out of a Short that had gone bad for a long while. Now I am looking for fresh long opportunity. [My bias has been long since mid september so don't follow me if you are looking for scalps] 3460-50 would be pretty. 3420-3400 would be porn.
Got my eyes set on 3650 this week. I am currently long already. Since 3485.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1.png Size: 51 KB
  • #844,176
  • Oct 15, 2013 3:04pm Oct 15, 2013 3:04pm
thanks for replying...but given the current ADR of euro is circa 60 pips, apart from the 'odd' day of a week, a sudden surge is momentum, and I realise it was at support...I am not complaining - I was long. It just seems price has nowhere to go, then goes, grinds and stops, which seems reminiscent of pre financial crisis (BC 2008) there was none of the safe haven, just generally bearish $, then current news moved price, in the direction one would expect...then came the risk on/off, where it was good news for euro, euro fell/rose, bad news for euro, fell/rose...just don't want to be day late dollar short again...thanks...
  • #844,177
  • Oct 15, 2013 3:12pm Oct 15, 2013 3:12pm
Quoting annieb
thanks for replying...but given the current ADR of euro is circa 60 pips, apart from the 'odd' day of a week, a sudden surge is momentum, and I realise it was at support...I am not complaining - I was long. It just seems price has nowhere to go, then goes, grinds and stops, which seems reminiscent of pre financial crisis (BC 2008) there was none of the safe haven, just generally bearish $, then current news moved price, in the direction one would expect...then came the risk on/off, where it was good news for euro, euro fell/rose, bad news for euro,...
I know that feeling. In situations like this I try to look at the general trend.....i realized that the spikes and those sudden long candles will most likely occur in the direction of the trend even after hours of quiet suspense. Even if the suspense is because of news.....the sudden moves mostly follow the side of the trend.

PS - Compare with the chart i attached in my last reply. Since we are on top of the slower MAs, the lengthiest candles are the BULL candles.
  • #844,178
  • Oct 15, 2013 3:19pm Oct 15, 2013 3:19pm
Quoting milam
8 trades, +153 pips Do not try this at home. {image}
from your chart, I see that you longed 4 around 1.3509, and another 4 around 1.3485. when it went up again you took 4 off a little above your average price, and left the rest 4 to run to higher price and locked the profit.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #844,179
  • Oct 15, 2013 3:27pm Oct 15, 2013 3:27pm
Quoting gatorinla
{quote} i may s scalp aud soon.. looking atm {image}

s/o all eu L trades last night.. long aud now from 9501
those who can, do. those who cant, talk about those who can
  • #844,180
  • Oct 15, 2013 3:28pm Oct 15, 2013 3:28pm
I was robbed of my longs this morning, robbed I say!

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