shorted EU, price hit fibs 50% level
- #938,642
- Nov 25, 2014 9:19am Nov 25, 2014 9:19am
- Joined Mar 2007 | Status: Trader | 8,618 Posts
Gone to a better place
- #938,644
- Nov 25, 2014 9:21am Nov 25, 2014 9:21am
{quote} I'm not going to argue because I don't know. But it helps to always have a case B scenario. And looking back at the range of recent weeks (1H chart), I can see several similar rallies, either as the first or second leg, that did not last more than a day and a half before selling off. And the current rally is running toward some higher timeframe trendlines, that's for sure, but whether these will be broken or even tested remains to be seen. Nobody can be sure. Being certain is the most dangerous mindset when trading. {image}
- #938,646
- Nov 25, 2014 9:23am Nov 25, 2014 9:23am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
sold E/A (Im still short €uro].... stop in red, entry blue, target green.... almost 400 pips move without any certain retrace so far. Range trading here, risking 120 for 215... anyway dont gonna give it much space, trying to move stop to entry a.s.a.p or let me stop out for -120
all in all E/A can be a beast and walk another 150 pips without any shake.. lets c
all in all E/A can be a beast and walk another 150 pips without any shake.. lets c
Hero calls followed by margin calls...
- #938,647
- Nov 25, 2014 9:24am Nov 25, 2014 9:24am
{quote} If you can't go against then crowd then go home. Not to be rude thats what i have done for days.
"To the busy day / To the idle play"
- #938,649
- Nov 25, 2014 9:25am Nov 25, 2014 9:25am
sold E/A (Im short still €uro].... stop in red, entry blue, target green.... almost 400 pips move without any certain retrace so far. Range trading here, risking 120 for 215... anyway dont gonna give it much space, trying to move stop to entry a.s.a.p or let me stop out for -120 {image}
still aiming for 2270 ?
{quote} This a hundred times (not literally). Price has been behaving like this for days now, looking for slight relief on occasional bad USD data up to around the 50% fib. And the fundamentals back you up a 100%. If you are going to short this pair without waiting for thursday's data, this is the optimal place to do it.
we'll see
- #938,651
- Nov 25, 2014 9:26am Nov 25, 2014 9:26am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
{quote}
Hero calls followed by margin calls...
- #938,652
- Nov 25, 2014 9:27am Nov 25, 2014 9:27am
- Joined Sep 2011 | Status: Trader | 6,363 Posts
A good trader follows his rules, but great trader knows when to break them
- #938,653
- Nov 25, 2014 9:27am Nov 25, 2014 9:27am
{quote} What do you mean "go home"? You dislike seeing another perspective? I thought that's what interactive trading is all about...
- #938,654
- Nov 25, 2014 9:35am Nov 25, 2014 9:35am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
{quote} Pending SHORT EA 1.46520
target?
If this baby breaks 4220 this will be a nice dip... anyway long way to go. Im out at 4770
Hero calls followed by margin calls...
- #938,658
- Nov 25, 2014 9:40am Nov 25, 2014 9:40am
- | Joined Sep 2012 | Status: Trader | 2,815 Posts
My feel good indicators say that euro will now spike up to 1.249x. Please correct me if I am wrong or should I assume I am right?
Your wish (may) come true
- #938,659
- Nov 25, 2014 9:40am Nov 25, 2014 9:40am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
Hero calls followed by margin calls...
