Daily EUR/USD trades

Quote from Ivanovich:

Excellent! It's my belief that there haven't been! :)

I'm not looking for a 30 pip pullback. Buying into something that represents multi year highs only offers proper risk/reward if it's a significant pullback.

That's the rub, it will only give you a significant pullback when it's ready to give everything back.

The sunday evening gap-fill offered a pretty good entry imo.
 
Quote from romik:

Long 1.3246, very tight stop @ 1.3237

closed 1.3237 -9 pips

Net PnL: +122 pips
Winning trades: 5 +197
Losing trades: 8 -75
Running P/F: 2.63
% Winning trades 38.46%
 
Quote from Ivanovich:

I think tomorrow we'll see a correction here. It'll be a lovely time to get long again for the December run.

Daily channel range is >600 pips, do you think 1 day is going to provide a good point to re-enter?
 
Quote from romik:

Daily channel range is >600 pips, do you think 1 day is going to provide a good point to re-enter?

If next week is even half as good, yes. I'm not looking for much, perhaps just a return to the day's lows (around 1.3180).
 
11-30-06 04:49 PM

I think tomorrow we'll see a correction here. It'll be a lovely time to get long again for the December run
I agree. Closed my longs this afternoon also & now waiting for the next ride up.... patience is a virtue.
 
Going long GBP/USD @ 1.9696 based on a monthly chart

My stop is 1.9645, that is the current reaction low on the hourly chart, if it is to be broken, then it would be the first time since Nov 15, that's 15 days of non-stop advances.
 

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