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

Quote from fandelem:

how many contracts are you trading at a time, on average?
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I trade in around 10-lots, scaling at times - max up to around 50 normally. I have been almost double that one time, though .. but won't do it again for scalping. I think that I might go for spot trading some later day.
Most times I will vary my sizes quite a lot. My position trade is not very big, but with 2 entries. :)

It all depends on what I perceive the market conditions are. I normally try to let all trades be profitable, and not let them go negative, other than for a possible first entry. Most times I will scale the trade upwards in size then.
 
Quote from Gringinho:

Yes, creepy isn't it ? :D :p

Now, what about that call into the equities close ? :D
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you mean what's gonna happen when u.s. equity market closes? I have no clue. I'm still trailing, and if I don't get stopped out tonight then it's a very good thing. If I do then it's still a good trade. I'm just watching how euro is reacting to the resistance right now.
 
Quote from Andy62279:

you mean what's gonna happen when u.s. equity market closes? I have no clue. I'm still trailing, and if I don't get stopped out tonight then it's a very good thing. If I do then it's still a good trade. I'm just watching how euro is reacting to the resistance right now.
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I'm trying to "understand the mass psychology" in the market, and the effect of likely price movements. That's how I tried to "call the doldrums" into the equities close. Some profit-taking seems likely too - given jobs, NFP numbers closing in.
 
It seems to go as predicted so far; now I'm anxious to see the asian session and european next-day reaction. I would think that the Challenger report could prove support enough for legitimizing a higher high into ATH territory. That would give a nice shake setup for the NFP on friday. If anyone are willing to take into there is another question, but I think the general perception is that it will happen Real Soon Now.

Any ideas on other catalysts, other than crosses and pressure there ?

I admit that I go out on a limb here, trying to call things so precisely .. but noone else are giving good arguments for any move normally, so it is fun to stick my head out here a little. I also think that the lack of anyone voicing factual opinions, arguments about future direction shows how lacking this market has been for clear directions. Now with GWB swaggering back into the Whitehouse, we have the perceived signal to continue on the path.
 
It's going to be a busy week...

I don't use fundamentals for my trading, so I really don't know. If I come across these types of information I skip it because I don't want any biases. It will be interesting how things turn out though.

What I know now and how I perceive the market, the system I trade now kind of contradicts it. Well not totally, but now I see the weaknesses in my system. My system is often times out of rhythm. Still profitable, but now I understand why the account often struggles. I can't apply what I know now yet. I'm still at the learning phase. I was hoping to have it figured out by new years, but that seems a bit unlikely. I still consider myself a newbie, but I try and do my job properly...

Looks like I'll be giving up some paper profit right now. If I were to make a guess I think the moves done for now... and now time for me to make breakfast :D
 
Seems like USDJPY bounces are being capped by japanese players with dual deficits short USD biases, and the EURJPY is reported eyeing 136.20 stops - all accroding to Thomson.
Somewhat confirming the tone of the EURUSD the last few hours.
 
Quote from Gringinho:

Seems like USDJPY bounces are being capped by japanese players with dual deficits short USD biases, and the EURJPY is reported eyeing 136.20 stops - all accroding to Thomson.
Somewhat confirming the tone of the EURUSD the last few hours.
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are you able to connect to fxcm? I'm not able to log in, and their site is down too :confused:
 
Quote from Andy62279:

It's going to be a busy week...

I don't use fundamentals for my trading, so I really don't know. If I come across these types of information I skip it because I don't want any biases. It will be interesting how things turn out though.

What I know now and how I perceive the market, the system I trade now kind of contradicts it. Well not totally, but now I see the weaknesses in my system. My system is often times out of rhythm. Still profitable, but now I understand why the account often struggles. I can't apply what I know now yet. I'm still at the learning phase. I was hoping to have it figured out by new years, but that seems a bit unlikely. I still consider myself a newbie, but I try and do my job properly...

Looks like I'll be giving up some paper profit right now. If I were to make a guess I think the moves done for now... and now time for me to make breakfast :D
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You guys had a nice chat going on here. I collapsed couple of hours after the US open and slept an extra 5 hours:)

I don't use fundamentals in my trading too. I have similar approach regarding biases--It effects my trading too.

What do you mean by your system is out of rhythm?
 
Quote from chinook:

You guys had a nice chat going on here. I collapsed couple of hours after the US open and slept an extra 5 hours:)

I don't use fundamentals in my trading too. I have similar approach regarding biases--It effects my trading too.

What do you mean by your system is out of rhythm?
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I've been learning about this new setup. I like it. Seems to be reliable and profitable. It doesn't happen very often, but when I would normally enter the market this setup would have a signal for a retracement. It conflicts sometimes. So when I would enter the market, this indicator tells me I should wait for a retracement and enter from that point.

I follow my original system regardless, but now I understand why my system is a bit umm.... outdated? :D
 
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