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

Quote from fandelem:

I would think today you would want to go long from 104.30 not short? Or you have read something I have not?
I'm +11 already on that, and I'm just trying to analyse stuff. Read my other posts from last night, and you'll see why I'm taking this position.
 
Quote from chinook:

Are you doing any position trading with EURUSD?

I think it'll be volatile - but pretty safe bet that we go down to at least 1.26.
I don't take position trades with that long horizons though, although I probably should.

Maybe I will - but it's very tough mentally to accept that it could go -100 pips or more first.

I much prefer to scalp the €$. And I'm +14 on the USDJPY now.
 
Amazing, crude oil collapses and EurUSD first rallies then pulls back.

These 23 tick pullups are making me very nervous. No easy bread for Chinook these days :)

Edit: I'm trying to trail this thing and the chart starts looking like the sideview of a porkpine sitting on a downward slope!

Edit: This last pullup almost took out my stop for scaled in short.
 
Quote from chinook:

Amazing, crude oil collapses and EurUSD first rallies then pulls back.

These 23 tick pullups are making me very nervous. No easy bread for Chinook these days :)

Once through 80 (if it manages to - dollar reminds me of a punch-drunk boxer that has done one to many rounds) things should hurry along very nicely....
 
I love this bull/bear war lots of money to be won and lost, part of the fun :D

I've been live for about 2 weeks and am barely breaking even but I made a college kid's month sarlary in less then 2 weeks and I feel like I haven't worked a day!
 
Quote from V-Viper:

I love this bull/bear war lots of money to be won and lost, part of the fun :D

I've been live for about 2 weeks and am barely breaking even but I made a college kid's month sarlary in less then 2 weeks and I feel like I haven't worked a day!

I am in your boat, somewhat. But I have made it a habit that every $200 that I go over what I originally put in, I ACH transfer it to my bank account so it feels like "real money" at that point :>
 
Quote from fandelem:

I am in your boat, somewhat. But I have made it a habit that every $200 that I go over what I originally put in, I ACH transfer it to my bank account so it feels like "real money" at that point :>

That's a decent conservative money management strategy.
 
I should start doing that, do you use FXCM? That nasty $20 fee and long online thing to wire funds has stoped me doing that. How long does it take for you to get the funds in your bank account?


When I was up 30% on my account I should of wired it, just to reward myself, lost some on a dumb short right before the lid being blown on 1.3. I geuss I'm doing that compound thing, but a little reward here and there can't hurt.
 
Quote from V-Viper:

I should start doing that, do you use FXCM? That nasty $20 fee and long online thing to wire funds has stoped me doing that. How long does it take for you to get the funds in your bank account?


When I was up 30% on my account I should of wired it, just to reward myself, lost some on a dumb short right before the lid being blown on 1.3. I geuss I'm doing that compound thing, but a little reward here and there can't hurt.

I use www.interactivebrokers.com ... the fee is $1 per ACH transfer which is very very cheap in my book compared to a wire. Money shows up in the bank account in under 4 days. ACH deposit into IB account takes 10 days which is slow, but free. ACH is awesome compared to wire, unless you need the funds immediately. I remember when I needed 1500 in my IB account and I went to bank of america, and within 2 hours I had the money in there...
 
Quote from V-Viper:

I should start doing that, do you use FXCM? That nasty $20 fee and long online thing to wire funds has stoped me doing that. How long does it take for you to get the funds in your bank account?


When I was up 30% on my account I should of wired it, just to reward myself, lost some on a dumb short right before the lid being blown on 1.3. I geuss I'm doing that compound thing, but a little reward here and there can't hurt.

I use www.interactivebrokers.com (/noad) ... the fee is $1 per ACH transfer which is very very cheap in my book compared to a wire. Money shows up in the bank account in under 4 days. ACH deposit into IB account takes 10 days which is slow, but free. ACH is awesome compared to wire, unless you need the funds immediately. I remember when I needed 1500 in my IB account and I went to bank of america, and within 2 hours I had the money in there...

edit: like, for example, i just moved to new york, and i parked within 15 feet of a fire hydrent, and the whole shebang ended up costing me $295 .. well instead of getting upset I just told myself I'd make it back this week and then ACH transfer the money to cover the mess up :>
 
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