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

Hi all,

I started this thread for short-term especially intraday trading EUR/USD. I welcome posts on ideas for longer time frames too as long as we don't get into name calling and personal attacks.

Trading is all about risk management and psychology and not about being right about a certain direction. With a volatile instrument like EURUSD, two good traders with completely opposite views can both make lots of money in the right time-frames.

PS: Please don't embed pictures in the posts but instead give html links.
 
Quote from chinook:

Hi all,

I started this thread for short-term especially intraday trading EUR/USD. I welcome posts on ideas for longer time frames too as long as we don't get into name calling and personal attacks.

Trading is all about risk management and psychology and not about being right about a certain direction. With a volatile instrument like EURUSD, two good traders with completely opposite views can both make lots of money in the right time-frames.

PS: Please don't embed pictures in the posts but instead give html links.
More...
OK, so we're pretty much all agreed, then, that this spike in the rate (at least over 1.2500) is nothing but a euro/market mania?

And, that, we really don't know when it's going to break and crash, AND how high it will go before it does?

Is this fair to say?

All in favor say, "Aye!"

(that is how you spell that, isn't it?)

fxs
 
Quote from Andy62279:

chit chat thread is here.. My EUR/USD Trade

I can only wait and see what happens to the Euro next. It's been very interesting so far.
More...
He's right - on my thread anything goes... posting pics, name calling, trolling, off-topic sub-threads, porn pics, drug sales, dissing Bush, it's a free for all!

If you doubt that, take a look at this hot bitch...

:D
 
Well, I'm getting ready to go out to dinner, black tie affair (Denny's) just thought I'd pop this post in....

I said I am icing trading for the time being, but the one trade I will still jump in and take out short is one(s) at 1.3000.

I think that 1.3000 is the psychological number / breaking point.

Probably all euro bears and most euro bulls have their sights set on that number for a major battle zone if the rate goes there. 1.3000 to 1.3050 will be massive body counts on both sides. I'll continue nailing it short up to 1.3025. If it goes beyond that I will cease until a later time.

Though I think the bears could far outweigh bulls at that number, in that, bulls may simply not be able to get beyond 1.3000 in their heads. While bears, like me, are salivating at another crack at making 100 to 150 points easy money like the last time it hit 1.3000. Though I actually ended up closing that short for a 93 point profit after it bounced back.

fxSniper
 
Quote from 50_luma:

Trade-ya runs a multi 100 mil. hedge fund, if you listened to his posts, you would have been long euro all the way from 1.16-1.18
be careful with your words, or I guess your euro shorts are the reason you're so angry. Do svidaniya.
More...

Prievet.

Actually, I've been long euro. But thinking about closing it out and that's why I'm reading this forum. And I don't care what Tradeya runs, or claims he runs, or you claim he runs, or you claim YOU run. Jeez. You'd think with all that money you guys supposedly have, you could afford some manners and a decent personality.
 
Ivanovich, I would strongly suggest that you heed your own advice and stop being a dick. You know not what you say. Personally, I do not need to defend myself, my record or my comments. They speak loudly and proudly for themselves. I am free to say whatever I want and whenever I want. I can talk about cars, music, girls, EUR or whatever. I always speak in a respectful manner unless I am speaking to fxsniper because he's an ass. Although, I think he's become more likeable and more humble since his recent return to the board (jury is still out). I believe that I am one of the most respectful in my commentary, and frankly, one of the most insightful, knowledgeable, and experienced traders on this board. You should probably go back and read all 605 of my posts and then you might learn something (or even be in a position to comment). I think if you asked most on the board, they would agree with my bold opinions of myself and my posts. I know 50_Luma personally and he is one of the finest and at the risk of embarrassing him (because that's the way he is) probably the best trader I've ever had the pleasure of knowing (and I've seen many thousands). He's also a fine human being. I have put many people on this board in business. So do a little research before you shoot your mouth off to your elder stateman. Best, Neal.
 
By the way Snipe, the market is one living organism. It is similar to the human body which is made up of many tiny cells, DNA, RNA, etc. each pulling in different directions. The brain is made up similarly. The market is a collection of living tiny organisms each with their own opinions pulling and effecting the outcome slightly. What emerges is a living mass of collective efforts which moves to the laws of nature. If you understand how Physics applies to nature, then you may begin to grasp the movements of such organisms and markets. Trends most certainly exist in nature as there are dominant components that retain and influence the balance of power. It's all about the balance of power. I'm sure that John Henry, George Soros, Paul Tudor Jones, Bruce Kovner, Louis Bacon, et al. are all just random anomolies that exist? Yea right! Why do I share this brilliance with idiots like Ivanovich making comments? Learn a thing or two boy! Again, I ask, aren't you all fans of Reminiscences of a Stock Operator? Why are you talking about what ifs, explanations, etc.? It's the trend stupid! The single most powerful force in the universe! Get on board or step aside. If we trade 1.3000 on Sunday night/Monday I'll take all you got and then some and I hope Sniper will be on the offer! LOL.
 
You must log in or register to reply here.
Back
Top