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

Incidentally, I'm starting to become an active seller of Treasuries for the first time in years. Maybe I should start a thread on Treasury mumblings...:)
 
Quote from chinook:

I'm switching to short-mode again. I feel like a whore today, no emotional attachment to a certain direction :)
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Don't feel bad about the mixed emotions ... I think that Globex is not very indicative of where spot is going today. That is - it follows it - but does not - absolutely not - lead it's way.

Days like this makes me lose whatever little edge I feel I have some times - and kicks my butt down from Mt. Olympus pretty easily.

The last trade I did was the slide down from the around 1.2935 to roughly 1.2910-ish average. It was the only thing I felt "sure" about when seeing that it was "an unidentified ECB official" who was the source of ECB rumours - not news like Thomson first called it.

Just goes to show - trust noone - when the stakes are high like today.

edit: this has to be one of the largest threads ever on ET (I remember seeing some hundredfold-pages thread earlier - which was split into different parts etc.)
 
Quote from chinook:

I'm switching to short-mode again. I feel like a whore today, no emotional attachment to a certain direction :)
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Good call. Out of curiousity, what made you decide to go short-mode again?
 
Quote from fandelem:

Good call. Out of curiousity, what made you decide to go short-mode again?
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First, the price went below my adaptive MA. Second, the pullups after the slide from 40s down to 1.29 were lower in volume.

Calling the short was easy, now the real difficult part is how much to trail, where to take profits!
 
Quote from chinook:

First, the price went below my adaptive MA. Second, the pullups after the slide from 40s down to 1.29 were lower in volume.

Calling the short was easy, now the real difficult part is how much to trail, where to take profits!
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I decided to go long around 1.2877 .. I'm convinced we are going to shoot up again...
 
Quote from chinook:

First, the price went below my adaptive MA. Second, the pullups after the slide from 40s down to 1.29 were lower in volume.

Calling the short was easy, now the real difficult part is how much to trail, where to take profits!
More...

Hehe, yes, that's the difference of losing or winning on the trade or day most times.

We can all see the direction, but getting those exit levels and feeling good about the trade is still difficult. When not being satisfied - we come back for more. :)


Quote from fandelem:

I decided to go long around 1.2877 .. I'm convinced we are going to shoot up again...
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It's a fair bet, but there is no indication it will happen soon. If you are profitable - even vaguely profitable - watch the size if you just want to add a little to your profits.
 
Quote from fandelem:

I decided to go long around 1.2877 .. I'm convinced we are going to shoot up again...
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We're in fuzzyland now. Just don't bet all of your account on it.

I took 50% off the table at 70. Rest around 80. I don't know how much this'll shoot up...
 
Quote from chinook:

We're in fuzzyland now. Just don't bet all of your account on it.

I took 50% off the table at 70. Rest around 80. I don't know how much this'll shoot up...
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I'm more inclined to see it test some more on the down side for a little retrace-testing .. but getting into range trading with analysis getting everyone on the right track later on.
 
Quote from Gringinho:

Hehe, yes, that's the difference of losing or winning on the trade or day most times.

We can all see the direction, but getting those exit levels and feeling good about the trade is still difficult. When not being satisfied - we come back for more. :)
........
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Exactly! Wanting to feel good and coming back for more are the real monsters! I wrecked countless number of days because of these obsessions.
 
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