"It's the Margin, Stupid."
- #909,244
- Jul 9, 2014 4:02am Jul 9, 2014 4:02am
- Joined Aug 2011 | Status: Trader | 4,005 Posts
{quote} trade triggered stops to b.e. tp 7030 or playing by ear. (7026 min)
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
- #909,246
- Jul 9, 2014 4:03am Jul 9, 2014 4:03am
- | Membership Revoked | Joined Jul 2012 | 4,197 Posts
{quote} yeah sorry would have helped to quote you
But if i was buying, my Stop loss will be below 1.36040
and if i'm selling, my stop is going to be above 1.36300
"It's the Margin, Stupid."
- #909,250
- Jul 9, 2014 4:09am Jul 9, 2014 4:09am
- | Membership Revoked | Joined Jul 2012 | 4,197 Posts
{quote} Why don't you try a short....Just a little one, you might even like it
I'm biased long Euro for the next 6 - 12 months, but on the short time frames i don't really mind selling ...
The reasons i'm not selling are quite clear:
1- Since the drop from 1.399, everyone was waiting higher to sell ... 1.38 / 1.39 even! The majority now have sold lower, to the point of 1.362! ( This means their stops are most likely will get hit - before the down trend resume, which in process jeopardize the entire bearish trend.
2- Very good USA data, accompanied by dovish ECB should have cracked down or at least maintained the selling pressure ... it's not happening!
3- Which is concluding on point 2 , any positive opinion or sentiment forming on Euro - could overshoot it as far as 1.374 ! And after all of this, the Euro could go back again to trend lower.
Conclusion: It's too low to sell
"It's the Margin, Stupid."
- #909,252
- Jul 9, 2014 4:16am Jul 9, 2014 4:16am
- | Membership Revoked | Joined Jul 2012 | 4,197 Posts
{quote} Yes also added longs again, divergence rsi on 1 min.. Still holding longs from 1,358x where I closed some at 1,3601 and 1,3627.
{quote} that's not how you say it..... http://www.tcm.com/mediaroom/video/2...in-to-Me-.html
"It's the Margin, Stupid."
- #909,254
- Jul 9, 2014 4:20am Jul 9, 2014 4:20am
- | Joined Apr 2007 | Status: Trader | 1,553 Posts
More on my Blog...
{quote} Hey Willy, I'm biased long Euro for the next 6 - 12 months, but on the short time frames i don't really mind selling ... The reasons i'm not selling are quite clear: 1- Since the drop from 1.399, everyone was waiting higher to sell ... 1.38 / 1.39 even! The majority now have sold lower, to the point of 1.362! ( This means their stops are most likely will get hit - before the down trend resume, which in process jeopardize the entire bearish trend. 2- Very good USA data, accompanied by dovish ECB should have cracked down or at least maintained...
Other trades: I have re-entered with another position on the SP500 at 1962 and have just entered a long position on GBPJPY with tight SL below 173.75, targeting touch of recent highs around the 175.00 + level.
I am also buying APPLE shares (long MED-term hold till Jan-Feb 2015) with a 5% risk on equity price equaling to a 3% risk on my account, i have a gut feeling this year they are going to release some kick ass products and also their earnings will shoot through the roof. im looking for a 10x on my money with this bet. Watch this space!
Good luck to ALL
Cheers!!
{quote} I am also buying APPLE shares (long MED-term hold till Jan-Feb 2015) with a 5% risk on equity price equaling to a 3% risk on my account, i have a gut feeling this year they are going to release some kick ass products and also their earnings will shoot through the roof. im looking for a 10x on my money with this bet. Watch this space!
"Don't get caught trading wheat in the corn pit"
- #909,260
- Jul 9, 2014 4:46am Jul 9, 2014 4:46am
- | Membership Revoked | Joined Jul 2012 | 4,197 Posts
{quote} I enjoyed your debate yesterday with Aws1962, you make valid points, and I find myself agreeing with you about the long term effects the USA's prolonged QE program. The chickens will come home to roost at some stage.
Someone gonna have to pay for it, either gradually or swiftly. I think the Feds have managed to successfully alter the debate from " Hyperinflation" to " gradual high inflation", and this would explain the high inflation print, against lower GDP growth for Q1 and most probably Q2. In any case, my personal bet is on the Feds to manage the process smartly, in the end everyone rely on them to maintain the space/ time continuum
{quote} I am not by no means a fundamental trader, but i have to agree with your point Nr.2 , Some strong support levels such as 1.35 ish has had more than enough momentum and domino effect of bad news for EUR again and again to take this level out and see price consolidating below. I still see no direction and as long as we are ranging between 1.3650 and 1.3575 i will stay out.
The ECB's negative interest rate was: 1.350x
FOMC press conference low: 1.354x
ECB's second meeting, with a QE comment: 1.357x
From a buyer - a biased one also - if the lows are getting higher after each event, it's not ideal for sell
In any case, It's crazy times and following up on a conversation i had with Matt_GB: Lower volatility and tight ranges are hostile environment for leverage trading .. so, i wish u the best of luck and my hope u keep leverage low.
"It's the Margin, Stupid."