Chinook's EUR/USD (E/$)Mumblings
- Thread starter chinook
- Start date
Quote from Gringinho:
Back from the twilight-zone again, but as always ... my spot FX demo account does absolutely fantastic, but I'm still here with no great system for my EuroFX trades.
My target got hit, so I guess I will have to find something new to ponder about. It's almost too bad I didn't stay up 'till now.
csaunders, I had the same feeling that I was not completely in shape when I came back from holidays, but now I'm cooking like never before - although it's been a lucky strike since around the US election.
Got to do some tape-reading and more news reading to see what will happen - and if we'll take down 1.29 or not. The 1.2930-25 area was obviously not that strong on first test.
Yup amazing how those demo accounts can keep up notching the profits - I noticed you are toying with longer term trading. Good luck with this.
I'm pretty confident I'll get back in the swing of things - although the confidence has taken a knock (maybe I need another holiday
)Chinook - interesting prediction, I like it - although I'm starting to think I only want to trade this market from the long side. I think we are about to do the test....
Quote from csaunders:
...
I'm pretty confident I'll get back in the swing of things - although the confidence has taken a knock (maybe I need another holiday
...
I found the way I got back in the game was by absorbing all of the news I could, and then doing some trades - demo spot and real EuroFX. I did some very stupid, rabid trades on the demo at first - and that scared me into doing better for my EuroFX. Therefore the demo spot is sort of an vent for me.
Ahh, NOW we go 1.2950 ...
I did some sleepy scalps - with -1 for a short, then -6 for a long, then 8 for a long ... which could have done a little better obviously. I don't like it when I decide to stop quickly, and then it goes to another perceived target immediately. It sort of shows me missing some information in the books. At least it is action-packed, and I'm comfortable with much bigger size today.
+2 -1 -6 +8 for a +3 day so far (the +2 was the mid 60s from friday which I "paused").
Gotta stop all this typing .. at 60s now.
Quote from csaunders:
I'm pretty confident I'll get back in the swing of things - although the confidence has taken a knock (maybe I need another holiday
You will. Just don't rush it.
I've been a bad boy. I went long at 30 after the pullback from 40 to 27. Sold at 48. I'm not shorting it unless my adaptive MA turns short.
I think it'll do some more high testing now, but I'm still a little drowsy. Pain is seen ahead, also big bucks on those barriers.
edit: the current moves have locked me out a little, since I have to let go of all the ideas I had before resting - since they've already happened ... still it seems like it's going back to the highs which is what I originally was thinking.
If it would get into a larger range - that would be the most difficult for me right now, since I'd have to adapt my mindset to this too, but this action seems to be able to handle a move to 1.3000.
Thomson notes a options-dominated market today. There was this 1.2940 cut earlier which gave strong moves - and the big 1.3000 also seems a likely target for "the big boys" according to Thomson / www.ifrmarkets.com . Oil still under pressure and interest diffs continously widening might give fuel to some big fireballs if it decides to crash & burn.
I think normally Fed hikes are discounted in markets, but act as trigger. There is no surprise expected from this meeting. I'm an amateur in these matters, though.
I think normally Fed hikes are discounted in markets, but act as trigger. There is no surprise expected from this meeting. I'm an amateur in these matters, though.