Chinook's EUR/USD (E/$)Mumblings

I guess we'll see some clawing and ripping apart of smaller traders too have a "planned" mid 1.29s close. That should make us ready for 1.3000 testing next week.

I will be giggling reading how some won't get how € rose so much on that NFP number. :D
It's all market mechanics.

edit: new spot demo short in mid 40s. target around mid 20s or 30. Those demo trades go at around 80% of full account .. that's heavy leverage.
 
Quote from chinook:

Got out at 30, thanks to my stop!!!!

Edit shorted again at 42....
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I would think you could do best with fixed targets now, because it sounds like you're scalping, and I don't think trailing suits scalping very well. :)

I.e if you "need" 10 ticks - then set that as target - be happy if you get it - and do grab the best you can if you think it's slipping back.
 
Quote from Gringinho:

I would think you could do best with fixed targets now, because it sounds like you're scalping, and I don't think trailing suits scalping very well. :)

I.e if you "need" 10 ticks - then set that as target - be happy if you get it - and do grab the best you can if you think it's slipping back.
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I'm not trailing as usual. I realized that shorting is not the preferred direction so I'm grabbing 5-6 ticks now :)

Edit: I just took my 5 pips.

I thought about holding my long around 1.28 but then I decided to trade in and out. On the bright side I could have been short from that level too and holding on :)
 
Quote from chinook:

I'm not trailing as usual. I realized that shorting is not the preferred direction so I'm grabbing 5-6 ticks now :)
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That's the right scalping attitude. :)

edit: I just can't believe Thomson .. they mix in rumours of nuclear accident in Russia ! They admit it can't be taken seriously though, but even mentioning it .. the nerve.

edit2: I have a 1.2930-ish target for that demo trade - it will have to go slightly under to get the spread on that - but I have all the time in the world for these demo trades. I'm trying to learn that for my real EuroFX trades too.

edit3: A reflection on the "big bad boys" - they mention that they go for the non-obvious directions, targets for the big payouts - so that gives some insight. When they see an opportunity they're not afraid to grab it either. Today is not exactly lacking either opportunities or reasons to grab them. :D

edit4: nuclear accident rumours was turbine shutdown with no radiation - reported by South African Mail and the Guardian no less. It's easily abused by others though.
 
I think we'll see some chops now - or we SHOULD see some chop now. That means we're probably at top of range above 40s.

edit: since there will probably only be bias to short € because mostly US players towards the end of friday now.
 
I think I'll just watch some TV, because it's getting boring to trade. :D

Things have been too easy this week, I'll try applying more of what I think - and output less here. It takes some crucial moments typing here - and if I'm still continuing this roll - I'm not intent on letting it stop now.
Better get everything it's worth out of it now.
 
Quote from Gringinho:

I think I'll just watch some TV, because it's getting boring to trade. :D

Things have been too easy this week, I'll try applying more of what I think - and output less here. It takes some crucial moments typing here - and if I'm still continuing this roll - I'm not intent on letting it stop now.
Better get everything it's worth out of it now.
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You had a nice week. You deserved to relax and celebrate--Time to open couple of magnums of Champagne to chill out there :)
 
I'm up to net +26 ticks including commissions--commissions took another 20 ticks! Disaster! It was a relatively easy day earlier with clear directional moves but managed to get chopped again. I completely forgot about my system today! One thing I did good today is that I didn't go crazy with the leverage.
 
That's some good trading too, chinook. Too bad about getting chopped - but that's the discipline which get's stretched on days like this. Don't worry about not following the plan too much today - I don't see to many indications on traders following some plans today - they couldn't possibly have with the action we saw.

Seems we're heading to the consensus area of around 1.2915 - low 20s towards the close. Then we'll crawl back into the cave into the close with ghostly trading for those who still want some slow-bleeding pain.
 
Have you stopped trading for today? I managed to squeeze in two long trades. I'd better stop. I'll take a 20-30 minute break and re-evaluate the situation. Looks like misery might set in from here as you suggested...

I should entertain myself with some "picture" browsing now :)
 
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