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

illiquid · Jul 21, 2006

Quote from Ivanovich:

Not good to short GBP at this point. Rates are believed to be heading up.

Oh, it's just for the session, will definitely close out before the weekend. If we just hang here for much longer I think I'll just close it out.

re: skalpz, pretty much right on schedule, eh? The silence is defeaning, compared to what we had to listen to when things go his way

Ivanovich · Jul 21, 2006

Quote from illiquid:

Oh, it's just for the session, will definitely close out before the weekend. If we just hang here for much longer I think I'll just close it out.

re: skalpz, pretty much right on schedule, eh? The silence is defeaning, compared to what we had to listen to when things go his way

If you're positive, my recommendation is to close now. I doubt, highly, you'll see any movement before the weekend. It's afternoon on a Friday.

illiquid · Jul 21, 2006

Quote from Ivanovich:

If you're positive, my recommendation is to close now. I doubt, highly, you'll see any movement before the weekend. It's afternoon on a Friday.

You're right, probably a good idea regardless if I'm up on it or not. All it takes is one short who needs to throw in the towel before week's end and things could get messy.

NTB · Jul 21, 2006

I fully expect to see Skalpz on here any minute talking about how his Eur longs are capturing every pip to the upside and how he just snap closed a 200 pip profit while his Eur shorts haven't lost any money because he hasn't closed the position. He has switched to DHT (deep-hole trading) on his shorts. It's really comical.

illiquid · Jul 21, 2006

Gonna go flat here, before they tap the round handle.

DrawDown · Jul 21, 2006

Quote from Ivanovich:

So no stop, ok. Gotcha. Thx.

There's a stop.

Just not a mechanical one.

Will await some more of your trade critiquing.

DrawDown · Jul 21, 2006

Quote from Ivanovich:

Not good to short GBP at this point. Rates are believed to be heading up.

This is why they call ET, Entertainment Today.

DrawDown · Jul 21, 2006

Quote from NTB:

I fully expect to see Skalpz on here any minute talking about how his Eur longs are capturing every pip to the upside and how he just snap closed a 200 pip profit while his Eur shorts haven't lost any money because he hasn't closed the position. He has switched to DHT (deep-hole trading) on his shorts. It's really comical.

http://elitetrader.com/vb/showthread.php?s=&postid=1139408#post1139408

Surprise!

dd
1.2696 (short @ 1.2534)

PS: Though, my EUR/USD short trade is (from the beginning) rooted into a DHT structure. I never open a EUR/USD trade without being perpared to go to war.

My goal is to walk out of this trade with a profit, having no losses, and positioning myself better at the end than when I first pulled the trigger. I don't suspect this will be an 8-month trade.

DrawDown · Jul 21, 2006

Quote from Ivanovich:

Illiquid -

I think Skalpz might have vanished, so there's the major Euro bear gone.

He's down about 250 points on his USD/JPY long, over 300 or so pips on his GBP trade (according to him) and now on his Euro one he's down 150 or so. If it goes like this far longer, we won't be hearing from him until the prices come back, if history is to judge.

Yeah, and let me make something very clear here...

That USD/JPY long trade IS sitting 259-pts down.

Read on...

It has LESS than 1.75% of the acct cap exposed to market (to margin). Is maintaining (currently) a cap drawdown of slightly more than 1.75% of the acct cap.......

And..... brace yourself............ PULLS out over 45% of the cap exposed to market EVERY month.

That's for doing NOTHING - simply $$$$$ free money $$$$$.

*smirk*

Take it lightly,

FX
116.71 (long @ 118.71)

DrawDown · Jul 21, 2006

Quote from Ivanovich:

Illiquid -

I think Skalpz might have vanished, so there's the major Euro bear gone.

He's down about 250 points on his USD/JPY long, over 300 or so pips on his GBP trade (according to him) and now on his Euro one he's down 150 or so. If it goes like this far longer, we won't be hearing from him until the prices come back, if history is to judge.

BTW, Ivvy.......

On my EUR/USD short with 2-positions open 166-pts down.............?

Brace yourself..........

If I make NO more profitable trades (trades opened/closed where I take profit)......... as it sits.........

The trade will earn almost 90% on the money I have exposed to market.

That, I'll get a check sent to me for the first day of next month.

The acct cap drawdown......? LESS than .660%.

*SMIRK*

That's for doing nothing the rest of this month... except collecting more money.

:-)

))

You know what they say... "laws of attraction." ;-)

It's just a fluctuation,

fx
1.2700 (short @ 1.2534)