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

Well,

It's Sunday afternoon, and waiting for the Oanda Spreads to break...(I put just a little sprig of whiskey and some tobasco in my V8 juice, as my doctor told me a little was a good thing, I'm not much of a drinker)

I just returned to trading after a short break.

Michael B.
 
Quote from ElectricSavant:

Well,

It's Sunday afternoon, and waiting for the Oanda Spreads to break...(I put just a little sprig of whiskey and some tobasco in my V8 juice, as my doctor told me a little was a good thing, I'm not much of a drinker)

I just returned to trading after a short break.

Michael B.
More...

V8 is fine, but with alcohol ick. Not a fan of bloody mary's. I drank wine and beer last night. Made me feel sick. Beer and liquor are my favorites. I drink a lot though. You know how doctors say a glass of wine is actually healthy for you. When I was in Italy someone said that's actually not true. Now that most wines are mass produced they don't have the same qualities because they're made differently... unless you buy the good stuff. I aint a doctor, so I wouldn't know.

How was your break Michael? I wouldn't mind having some time off to recharge. Not like I've been really working hard lately... hehe. Actually, now that I have more experience I've been studying from a smaller timeframe. I feel more comfortable, and I've been working on a new method. I had to make some changes in my thinking to make it work. Interesting stuff. I'm seeing things from a different perspective... a daytrader's point of view. Learning never stops....

have a good week
Andy
 
I find smaller timeframes tougher to trade. I feel good after my break. I will just pick up where I left off, and have not discovered anything ground breaking this time. Usually after a break, I have a few ideas to work on with my new found perspective, but not this time.

Michael B.



Quote from Andy62279:

V8 is fine, but with alcohol ick. Not a fan of bloody mary's. I drank wine and beer last night. Made me feel sick. Beer and liquor are my favorites. I drink a lot though. You know how doctors say a glass of wine is actually healthy for you. When I was in Italy someone said that's actually not true. Now that most wines are mass produced they don't have the same qualities because they're made differently... unless you buy the good stuff. I aint a doctor, so I wouldn't know.

How was your break Michael? I wouldn't mind having some time off to recharge. Not like I've been really working hard lately... hehe. Actually, now that I have more experience I've been studying from a smaller timeframe. I feel more comfortable, and I've been working on a new method. I had to make some changes in my thinking to make it work. Interesting stuff. I'm seeing things from a different perspective... a daytrader's point of view. Learning never stops....

have a good week
Andy
More...
 
You came back just in time to buy some Euros. :) I just bought some 1.3285 (June) and will continue to buy down to 1.3250 or continue to buy them higher as it hopefully moves in my favor!
 
Quote from ElectricSavant:

I am buying some EUR/USD as we speak....
More...

i shorted the pound a few hrs before the close on friday..

I see a setup developing for a buy on euro right now... no entry yet, just setting up. There's a reversal divergence setup. I've been watching 2b's instead though. 2b is a variation of RD. I look out for 2b's because it usually occurs after I have entry. They battle back and forth a lot.
 
Quote from ElectricSavant:

I find smaller timeframes tougher to trade. I feel good after my break. I will just pick up where I left off, and have not discovered anything ground breaking this time. Usually after a break, I have a few ideas to work on with my new found perspective, but not this time.

Michael B.
More...

Yes, I find smaller timeframe tougher to read. I've been watching 15min chart for almost a year now. About a month ago is when I felt confident enough to try and develop a method with a 15min chart. My main reason to study a smaller timeframe is so I can reduce my risk. But 15min chart can be tricky to read. Understanding and being able to define trend is key I think. Once I had that, 15min chart started to make sense to me. Still got a lot of work left to do...
 
I can never trade short time frames. I find them close to random. Euro looks like it's stabilizing here, although, I can imagine one more push to new lows to take out some stops. I'm going to buy more on a break to new lows or a break above 1.3300 today.
 
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