Search results

Pejman, Are you betting on any side? What time frames do you usually trade? Chinook

Popping the lid at 1.2200 is quite possible. The pullback overnight was shallow and down to round 50s. Chinook

EuroUsd is pulling back orderly. Waiting for a pullback around 1.2135 to get long. I'm expecting it to be a slowly uptrending day maybe upto 1.2180 ... Chinook

I just read that soem UK eco numbers came out on the negative side. Maybe that prompted the GPB sell-off. EuroUSd looks strong here. I'm got in around 1.2005 but I'm not sure yet I'll hold it during the 10AM EST # releases. If there's a nice 10-20 point runup within the next 10 minutes I...

Good tip Neal. Right at the beginning of the last leg up! Too bad I was asleep. Are you in 100% in EurUsd now? Chinook

I guess this why EurUsd and EurUsd moved in different directions early morning. Chinook

I got nuked about 25 pips today. Not too bad not too good. The week's still fresh. Chinook

Meanwhile Euro has formed an intraday triangle. Chinook

Crude oil started sliding down but Euro spiked up around 10:30am EST. Now oil is at its support around 42.6 and Euro did a small spike down. Chinook

It looks like the upside is capped for now. I'm short from 1.2025. Shorted after 5:30am EST. Chinook

Sometimes I tell myself that I can't believe I made xxx pips within couple of hours, then it's a sign to call the day off! But anyway, I'm still trying to be systematic in profit taking so I don't beat myself up. Thanks, Chinook

How do you guys handle taking profits in FX markets? I usually go after intraday trends swings of 30-40+ pips. I know there's no one fits all answers. If you think the market is in a range, then one can take profits at set targets but then you'll miss a lot if a nice trend starts. If you think...

Right now I just want to concentrate on one pair. Actually, I'm just trying to find my mental balance. I don't have very rigid trading rules. I used to have rigid rules and it doesn't work for me. You know the market is always there doing some kind of fluctuations. It just depends on my mental...

ElectricSavant, I don't have any open positions now. Sometimes I have open positions between sessions but that's usually rare (this week was an exception). I am going after 30-40 pips intraday swings. I trade only EUR/$ futures--I don't have a retail FX account. I used to trade ES/NQ. I...

This week was a losing week for me. I ended up overtrading and getting chopped most of the time. I missed several smooth trending moves. I somehow feel like I lost my mental flexibility. And perhaps this is due to fatigue. I need to get more sleep and reduce the time I spend looking at charts...

Trading is not about being right or wrong. You can be wrong 90% of the time but still make money at the end. If you employ good money management and not become obsessed with your positions you can make money. I applaud trade-ya1 that he posts here about both his winning an losing positions...

Yes, he would have been writing in big bold red letters :)

What are the chances that we'll see 1.22 today? Massive buying plus shorts covering... 1%, 10%? I give it a 5% chance :) Chinook

I'm with you. I'm long and holding to it! Chinook

Pejman, I think it's still early to declare Euro's failure. I think we need to go down to mid to low 1.19 and then if a bounce from there doesn't hold then the real downward trend will begin. Chinook