Well, I tried to mix in some longs too and I made it worse :)
There's a downtrend channel with about 40 pip wide amplitude. As Gringinho suggested it was a day for taking profits fast. I was mostly waiting for a smoother trend to develop.
I was mostly short biased and entered my first short from 1.2990. However, the sharp pullbacks ate all of my profits and some more! These are very ugly chart patterns for my time frame. Crazy day...
Hi all,
I started this thread for short-term especially intraday trading EUR/USD. I welcome posts on ideas for longer time frames too as long as we don't get into name calling and personal attacks.
Trading is all about risk management and psychology and not about being right about a...
Today I was hit by slight insanity. I managed to trade well (first short and then long) during the first part of the US session. Then I started going against the main trend by shorting and I exactly knew what I was doing wrong. I think overall I was lucky since things could have ended much...
I've been flat last 25 minutes. I took my profits off the table at 1.2922 since I felt like I might fiddle around with my stops in case of a drawdown.
Chopped some carrots for tonite's dinner. This week has been exceptionally good for me with relative to recent months. I have a decent...
Thanks. I am with IB so the comissions are not too bad.
I don't understand what you mean by "try not to make it all up" :confused:
I'm slightly tired now, a stiff black tea revived me somehow. But I'm watching my leverage.
Some tense moments here for fight over/below 1.29... I moved stops to b/e and added some more from 1.29. The bounce volume was low so I'm still betting on short. A strong surge over 1.29 will make me go long in a bit.
I'm in short mode. Short from 1.2909. Let's see how far this'll get pushed.
Edit: A break below 80s might bring in 50-60s...
I need to watch out leverage today since most of my brain is fried from lack of sleep...
I'm back from my 100 minutes of sleep. My only trade last night ended with zero ticks of P/L! It was like watching a plant grow. Hopefully, we'll get some volatility later today!
Indeed, it's very addictive. It has about 3-4 seconds delay with respect to what I see with IB.
Maybe you'll start scalping on the side :)
Here's IB's book. It's easier on the eyes.
I thought you took it from 1.2910 to 1.2920 :)
Seriously, I'm also expecting some kind of drawdown in the daily charts soon. Everyone is talking about dollar weakness, so the tree needs to be shaken. But anyway, I play both sides in my time-frame.
The e-mail notifications are coming in late so I just noticed this post! When I mentioned it, there was 1 to 3 ratio. Bids were about 80 and asks 240. Now it's more even about 150 to 230.
I use market depth in TWS but you can use CME's site, it's web based anyway...
I'm now locally short here. Although I have to admit that I entered this trade without my usual confirmations. The imbalance in the book and being close to the top of day's range prompted me take a short trade.