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EURUSD

  • #866,641
  • Dec 30, 2013 1:33pm Dec 30, 2013 1:33pm
Quoting JimmyC
Howzit screen addicts! EU 1H Triangle (bearish - counter trend) I would not take the short but perhaps this suggests a pull back to 1.378xx as an opportunity to join long. Note that EU banks (fundamentally) need to repatriate fund... As such must buy EU... for now till mid Jan (don't buck the trend) G/L {image}
could bounce around 3765/70,

Attached Image (click to enlarge)
Click to Enlarge Name: euro_019.png Size: 41 KB
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #866,642
  • Dec 30, 2013 1:35pm Dec 30, 2013 1:35pm
Quoting Ck87
{quote} Could say EU had a double top on daily at 1.38, the people that went long 1.37 other day when it went up 200 pips were really dumb huh? haha.
the difference is euro daily is green around the top, while aussie daily is green at the bottom.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #866,643
  • Dec 30, 2013 1:38pm Dec 30, 2013 1:38pm
Good News. Someone is back at FF. Wish He will posts soon.
Don't be smart. Be rich.
  • #866,644
  • Dec 30, 2013 1:38pm Dec 30, 2013 1:38pm
Quoting ffleo
{quote} the difference is euro daily is green around the top, while aussie daily is green at the bottom.
Well for me it's all about the trend. Ignoring the trend is why I'm not sitting on a yacht right now and instead in a pos chair.

The trend in AU is clearly down, and I might add that it is currently one of the strongest trends
  • #866,645
  • Dec 30, 2013 1:38pm Dec 30, 2013 1:38pm
Quoting maximinus
{quote} http://www.forexfactory.com/calendar.php CAN'T check charts. Closed everything related to trading. GL.
Did not see any specific aussie holiday so I am feeling good about the trade. Just a lil momentum is all I need. Never mind the charts. Good that you have taken a break. Wish you best of the rest of this year and most of the next! And to those who are in the aussie boat, ffleo and Ck87, green pips
The price will go where it has to go.
  • #866,646
  • Dec 30, 2013 1:39pm Dec 30, 2013 1:39pm
the problem with bigger stop losses makes TP also difficult to reach taken in consideration proper MM.
Wherever you go, there you are.
  • #866,647
  • Dec 30, 2013 1:41pm Dec 30, 2013 1:41pm
Quoting mitrapips
{quote} Did not see any specific aussie holiday so I am feeling good about the trade. Just a lil momentum is all I need. Never mind the charts. Good that you have taken a break. Wish you best of the rest of this year and most of the next! And to those who are in the aussie boat, ffleo and Ck87, green pips
Thank you. I wish you Health and Happiness for 2014.
Don't be smart. Be rich.
  • #866,648
  • Dec 30, 2013 1:46pm Dec 30, 2013 1:46pm
Quoting Ck87
{quote} Well for me it's all about the trend. Ignoring the trend is why I'm not sitting on a yacht right now and instead in a pos chair. The trend in AU is clearly down, and I might add that it is currently one of the strongest trends

no doubt aussie is in down trend. I am waiting for it to bounce before jumping in short.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #866,649
  • Dec 30, 2013 1:48pm Dec 30, 2013 1:48pm
Quoting milam
the problem with bigger stop losses makes TP also difficult to reach taken in consideration proper MM.

you can do multiple entries and multiple targets with small positions. For example, split your original big lot into 3 or 5 small lots, each has its own entry and target.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #866,650
  • Dec 30, 2013 1:57pm Dec 30, 2013 1:57pm
Quoting ffleo
{quote} you can do multiple entries and multiple targets.
personally, I do not see any advantages in that, still she need to travel twice my entries……. and 10 pips most of the times is the length of the run, just to see her turn in the other direction and if I am nimble enough, I can also make twice my risk in the other direction, so prices have not moved at all, but I have made 4%…..Are you following me?…..Beside I prefer to focus more on the right spot for my entry, trying in spotting where orders are sitting and taken advantage of it knowing that my SL is saver just below (for longs) where orders are sitting…. buying at different levels does not give me the security of being save with my SL's.

EDIT: probably your method makes more sense in longer term.
Wherever you go, there you are.
  • #866,651
  • Dec 30, 2013 2:01pm Dec 30, 2013 2:01pm
Quoting Ck87
{quote} Well for me it's all about the trend. Ignoring the trend is why I'm not sitting on a yacht right now and instead in a pos chair. The trend in AU is clearly down, and I might add that it is currently one of the strongest trends
I wont rely too much on this down trend, unless it re-tests and bounces down strongly from 0.9300
The Thief of Wall Street
  • #866,652
  • Dec 30, 2013 2:02pm Dec 30, 2013 2:02pm
Quoting Vachus
{quote} The EUR dollar exchange rate wasn't subject of talks, generally speaking ... where do you get these staff from ? Not only , the feds are under delivering on inflation target but the ECB as well.
A person interviewed on Bloomberg said the other day that Draghi at the ECB has never made a statement about the EUR. He is most interested in keeping the interests low.
  • #866,653
  • Dec 30, 2013 2:07pm Dec 30, 2013 2:07pm
Quoting Ck87
{quote} Well for me it's all about the trend. Ignoring the trend is why I'm not sitting on a yacht right now and instead in a pos chair. The trend in AU is clearly down, and I might add that it is currently one of the strongest trends
Wrong. ...............Sitting in pos chair is a trend much recent than sitting on a yacht. You are following the trend my friend. The issue seems to be you don't know what the current trend is.
The Thief of Wall Street
  • #866,654
  • Dec 30, 2013 2:08pm Dec 30, 2013 2:08pm
Quoting Chicky
{quote} I wont rely too much on this down trend, unless it re-tests and bounces down strongly from 0.9300

That's actually what I'm expecting to happen some time in the next few months. But it can definitely go to 85 before that happens.
  • #866,655
  • Dec 30, 2013 2:09pm Dec 30, 2013 2:09pm
Quoting Chicky
{quote} Wrong. ...............Sitting in pos chair is a trend much recent than sitting on a yacht. You are following the trend my friend. The issue seems to be you don't know what the current trend is.

Hahaha, point taken. I'm trending in the shitter
  • #866,656
  • Dec 30, 2013 2:09pm Dec 30, 2013 2:09pm
Quoting milam
{quote} personally, I do not see any advantages in that, still she need to travel twice my entries……. and 10 pips most of the times is the length of the run, just to see her turn in the other direction and if I am nimble enough, I can also make twice my risk in the other direction, so prices have not moved at all, but I have made 4%…..Are you following me?…..Beside I prefer to focus more on the right spot for my entry, trying in spotting where orders are sitting and taken advantage of it knowing that my SL is saver just below (for longs) where orders...

so you are scalping 10 pips for a 4% gain. The leverage has to be 50 - 55. That is a little too high for me to use.
I would go for 25 pips or 50 pips target, so I only need leverage 20 or 10, and my stop can be wider.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #866,657
  • Dec 30, 2013 2:12pm Dec 30, 2013 2:12pm
Quoting Chicky
{quote} I wont rely too much on this down trend, unless it re-tests and bounces down strongly from 0.9300
that is the level i am going to watch. If it bounces down from ~ 9300, I will short it.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #866,658
  • Dec 30, 2013 2:20pm Dec 30, 2013 2:20pm
Quoting ffleo
{quote} so you are scalping 10 pips for a 4% gain. The leverage has to be 50 - 55. That is a little too high for me to use. I would go for 25 pips or 50 pips target, so I only need leverage 25 or 12.
No, you are not following me, I made 2% the way up (10 pips) risking 1% and made 2% the way down risking 1%, only one trade at the time for one instrument, max two instruments… I can tell that you have not read Volman book yet……(why did you buy it?) Go to page 309 and read the "Trade volume" chapter. Keep in mind, I do not trade the way it does...

EDIT YOUR EDIT : 50 leverage is not bad if you know how to use it properly.

Time for me to go into the pool and a bit of yoga….
Wherever you go, there you are.
  • #866,659
  • Dec 30, 2013 2:29pm Dec 30, 2013 2:29pm
Quoting milam
{quote} No, you are not following me, I made 2% the way up (10 pips) risking 1% and made 2% the way down risking 1%, only one trade at the time for one instrument, max two instruments… I can tell that you have not read Volman book yet……(why did you buy it?) Go to page 309 and read the "Trade volume" chapter. Keep in mind, I do not trade the way it does... EDIT YOUR EDIT : 50 leverage is not bad if you know how to use it properly. Time for me to go into the pool and a bit of yoga….
No I did not read the book, thought it is scalping. I try to swing. I cannot read candle patterns that well. I read levels better than candle patterns. Perhaps I should scalp some. How do you like the methods in Volman's book?
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #866,660
  • Dec 30, 2013 2:34pm Dec 30, 2013 2:34pm
Just an update, I got booted from my EU short during the low liquidity spike the other day. Just been playing craps on lower time frames for entertainment mostly since with some decent success. Also loving Oanda's 6 point spread on Swissy right now. What a joke.
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