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EURUSD

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#1,083,521
Dec 11, 2016 7:55pm Dec 11, 2016 7:55pm

EUROtech
| Joined Nov 2013 | Status: Trader | 103 Posts

Quoting MrsTrader

Disliked

{quote} Thanks! Not that I disagree with the 1.07 (not so sure about 1.12), but I would be too chicken to long this pair. I'd rather short because like you, I expect to see very low levels eventually. Short is still a safer bet for me.

Ignored

Yeah, the question is where to short because honestly I can see it much higher than 1.07 before we go under current levels to parity. I think its better not to keep short trades on 3 hourly to daily frames next 2-3 weeks for sure.

#1,083,522
Dec 11, 2016 8:28pm Dec 11, 2016 8:28pm

Spartanholds
| Joined Nov 2014 | Status: Trader | 228 Posts

Quoting EUROtech

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{quote} Yeah, the question is where to short because honestly I can see it much higher than 1.07 before we go under current levels to parity. I think its better not to keep short trades on 3 hourly to daily frames next 2-3 weeks for sure.

Ignored

ET...would you be kind enough to show your chart with some comment that reflects your view/position....are you long ATM?

I may not be right...BUT, I am never wrong

#1,083,523
Dec 11, 2016 8:40pm Dec 11, 2016 8:40pm

csc2009
| Joined Apr 2014 | Status: Trader | 1,049 Posts

Long term downtrend seems intact, but the pair still holds above the support zone 1.0520/00. Another critical week for Eur/Usd, I would wait for Wednesday FED's interest rate decision.

#1,083,524
Dec 11, 2016 9:31pm Dec 11, 2016 9:31pm

Spartanholds
| Joined Nov 2014 | Status: Trader | 228 Posts

Quoting csc2009

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Long term downtrend seems intact, but the pair still holds above the support zone 1.0520/00. Another critical week for Eur/Usd, I would wait for Wednesday FED's interest rate decision.

Ignored

I would agree with your statement... as long as the 1.05 barrier is in place though the break down is going to be tough. Right now...due to Wednesdays data releases there will be profit taking and position adjusting today and tomorrow...and of course option defenses at 1.06 and 1.075. The DX looks like it has a bit of retracement to deal with before a move toward 104.

I may not be right...BUT, I am never wrong

#1,083,525
Dec 11, 2016 10:17pm Dec 11, 2016 10:17pm

CKSCswing
| Joined Dec 2016 | Status: Neophyte | 143 Posts

Quoting MrsTrader

Disliked

So much ego on this thread, and too much heat! Ok chill! Come, let me give all you big boys a good chuckle ... I started the week with *drum rolls* Four hundred and thirty dollars ... and closed the week with a grand total of *drum rolls again* four hundred and eighty four dollars!! Woohoo! $54 profit! Guess that doesn't even cover the swaps for some of you ...

Ignored

For your gains, are you just trading with small units and weathering the up and down storm(s)?

Carpe Diem

#1,083,526
Dec 11, 2016 10:47pm Dec 11, 2016 10:47pm

MrsTrader
| Joined Jul 2016 | Status: Trader | 179 Posts

Quoting CKSCswing

Disliked

{quote} For your gains, are you just trading with small units and weathering the up and down storm(s)?

Ignored

Yup! I trade in like 1000, 1500, 2000, 3000 units. And will not exceed 10,000 units in open position at any one point.
So if I am on the wrong side of the fence, I just have to wait it out - I don't keep adding new positions to average out my position.
By waiting it out, it means to wait for things to go in my favour (if I firmly believe in my trade), or to wait for a retracement and exit at a smaller loss (which I have had to do before because I always tell myself 'wrong means wrong, you can wait and you still won't become right').

#1,083,527
Dec 11, 2016 11:59pm Dec 11, 2016 11:59pm

Aleksbuk
Joined Jun 2016 | Status: Trader | 3,004 Posts

Inserted Video

#1,083,528
Dec 12, 2016 12:46am Dec 12, 2016 12:46am

TudorIoan
Joined Dec 2015 | Status: Trader | 14,257 Posts

My Intraday Outlook

E/U between 1.0553 - 60 zone (channel TL + Monthly-mid) and 1.0530 (Weekly-mid)
Technically bearish.

Short 1.0560 ...and higher shorts, see channel TLs (chart).

No news today. But watch out the Big Dogs running big positions in the Monday-weak-liquidity-market creating spikes;

Ok, waiting for the Fed? Not really. The hike it's already fully in price.
But still... eyes/ears on the further hiking pace and the subtle perspective will be mentioned between the lines for 2017!!!

Now, if you're not just a top/bottom picker fool and we will not gonna froze between a waitng-the-Fed-range, I guess everybody will be bearish today.

Good tradin'you all!

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