Daily EUR/USD trades
- Thread starter romik
- Start date
Here is the chart B1S2
http://www.elitetrader.com/vb/attachment.php?s=&postid=1280158
and here is what I made out of it in Divergence journal:
LONG USD/JPY
Current at the time of call: 116.53 50% position
PT1: ~119.00+
PT2: depends
Average down: ~115.50 (50%) or scale in @ 118.65
Stop: 113.90
Incomplete A-class BLD on a daily chart in HIST
I don't expect you to be right all the time
I wish you more luck though as this is a paper trade on the USD/JPY call.
http://www.elitetrader.com/vb/attachment.php?s=&postid=1280158
and here is what I made out of it in Divergence journal:
LONG USD/JPY
Current at the time of call: 116.53 50% position
PT1: ~119.00+
PT2: depends
Average down: ~115.50 (50%) or scale in @ 118.65
Stop: 113.90
Incomplete A-class BLD on a daily chart in HIST
I don't expect you to be right all the time
I wish you more luck though as this is a paper trade on the USD/JPY call.Quote from romik:
Here is the chart B1S2
http://www.elitetrader.com/vb/attachment.php?s=&postid=1280158
and here is what I made out of it in Divergence journal:
LONG USD/JPY
Current at the time of call: 116.53 50% position
PT1: ~119.00+
PT2: depends
Average down: ~115.50 (50%) or scale in @ 118.65
Stop: 113.90
Incomplete A-class BLD on a daily chart in HIST
I don't expect you to be right all the time
well for now I am up 162 pips on one entry at 147 pips on the other (futures of course, I don't trade cash).
Edit: also up 424 pips at the moment on the EuroFX entry.
My thoughts? I think it's insane we're not even seeing a pullback. The only thing I can do at that point is go long on a 1.3280 break, but I don't want to do that. I'd prefer to wait for a pullback.
I've wanted to go long EUR/CAD, too - but there hasn't been a single pull back of mention in 1000 pips.
I've wanted to go long EUR/CAD, too - but there hasn't been a single pull back of mention in 1000 pips.
I think if the channel is broken, then you just have to assume strength of the weekly chart and watch out for failure swings/divergences on shorter time frames. After 1.3280 there is another 200 pip up-room to the next major resistance point. Since I am holding a positional long now, my plan will be to short the latter occurrences with smaller size and add on substantial support breaks (on shorter time frames and have very tight stops all the way to 1.3480)
Dealers note some selling from some of the more speculative central bankers,
those who treat Forex as a significant profit center like Latin Americans. They
have been seen taking profits on the move through 1.3265 resistance. These
accounts tend to job the market, but they also tend to be well-plugged in with
other central banks and may sense that the buck is falling to oversold levels
and may be due for a correction. EUR/USD remains firmly underpinned as US bond
yields fall to their lowest levels since February at 4.47% and spreads between
US and European paper narrow to their tightest levels in 18 months. 1.3215/20 is
support on pullbacks as the market ratchets higher into overbought territory.
those who treat Forex as a significant profit center like Latin Americans. They
have been seen taking profits on the move through 1.3265 resistance. These
accounts tend to job the market, but they also tend to be well-plugged in with
other central banks and may sense that the buck is falling to oversold levels
and may be due for a correction. EUR/USD remains firmly underpinned as US bond
yields fall to their lowest levels since February at 4.47% and spreads between
US and European paper narrow to their tightest levels in 18 months. 1.3215/20 is
support on pullbacks as the market ratchets higher into overbought territory.