Disliked{quote} Touched S3 @1.0923x, it is ok to take short? I really confused.Ignored
todays opportunities to enter short are all done imo
- #1,059,141
- Feb 26, 2016 10:29am Feb 26, 2016 10:29am
- | Commercial User | Joined Feb 2010 | 13,260 Posts
- #1,059,142
- Feb 26, 2016 10:30am Feb 26, 2016 10:30am
- | Commercial User | Joined Feb 2010 | 13,260 Posts
{quote} thanks to you and other great traders here...well it is continuing lower so i will probably turn off my screen and be happy with what i have
I took 50% at S2 and the remainder at S3 so all done for the day as well
- #1,059,144
- Feb 26, 2016 10:31am Feb 26, 2016 10:31am
- Joined Oct 2008 | Status: sideline is a position | 105,124 Posts
those who can, do. those who cant, talk about those who can
- #1,059,145
- Feb 26, 2016 10:32am Feb 26, 2016 10:32am
- | Commercial User | Joined Feb 2010 | 13,260 Posts
- #1,059,147
- Feb 26, 2016 10:37am Feb 26, 2016 10:37am
- | Joined Feb 2011 | Status: Trader | 1,237 Posts
- #1,059,152
- Feb 26, 2016 10:44am Feb 26, 2016 10:44am
- Joined Oct 2008 | Status: sideline is a position | 105,124 Posts
those who can, do. those who cant, talk about those who can
- #1,059,153
- Feb 26, 2016 10:45am Feb 26, 2016 10:45am
- | Commercial User | Joined Feb 2010 | 13,260 Posts
{quote} :0, I haven't been in FX long enough to see euro at that price, I suppose this may give you a short bias ?
the way I see it, is that the trend remains bearish therefore although I could make some money taking longs from certain levels the risk of a sharp move up is less likely than a sharp move down - things move further and faster normally with trend. So if I was to get caught with a sharp move against my position it is more likely to be whilst I hold a long.
so there is always room for a long and a short from any price and for money to be made, the difference between a long and short entry at the same price and time though is always the risk assumed and is normally not balanced.
take EU at s3 right now, risk is reasonable for longs and crap for shorts at that price and this time, but if I went long they may still yet be a further sharp move down with trend... so why don't I just sit it out until Monday now and take a better short opportunity, which maybe at the same price as S3 is now but maybe called pivot or something on Monday and therefore carrying less risk.
beer time
- #1,059,155
- Feb 26, 2016 10:46am Feb 26, 2016 10:46am
- Joined Dec 2015 | Status: Trader | 7,803 Posts
{quote} the fundamentals do that the way I see it, is that the trend remains bearish therefore although I could make some money taking longs from certain levels the risk of a sharp move up is less likely than a sharp move down - things move further and faster normally with trend. So if I was to get caught with a sharp move against my position it is more likely to be whilst I hold a long. so there is always room for a long and a short from any price and for money to be made, the difference between a long and short entry at the same price and time...
- #1,059,156
- Feb 26, 2016 10:48am Feb 26, 2016 10:48am
- Joined Sep 2007 | Status: simmer down now | 1,251 Posts
- #1,059,158
- Feb 26, 2016 10:51am Feb 26, 2016 10:51am
- Joined Apr 2013 | Status: I'm learnding! | 8,973 Posts
- #1,059,160
- Feb 26, 2016 10:55am Feb 26, 2016 10:55am
- | Joined Sep 2012 | Status: Trader | 2,815 Posts
