eur usd going/gone parabolic

[PaulRon]

Quote from ForexPro:

I shorted at 1.4684. Could be early. But agree too far too fast. Its up nearly 20% in dec.

nice trade bro!

 

[ForexPro]

Thanks. I closed it too early though 1.4522. Profit still a profit in this mkt.

I am watching the exotic currencies such as the huf and pln, to go to the bottom of their range, in which i will go long the dollar again. But 5-6% away from those levels yet.

 

[PaulRon]

i'm hoping for at least a retrace to 382

 

[Cutten]

Quote from PaulRon:

i'm hoping for at least a retrace to 382

You just got it, 1.3814.

I'm out of half my position just now, have a feeling I may be too early, but it's done a good chunk of the move I was playing for.

 

[TraderGreg]

Quote from PaulRon:

i'm hoping for at least a retrace to 382

If you've read Suri Duddella's book you he shows parabolas retracing to the .618, and I have been watching many of them. Been watching it with the USD/CHF closely (hoping I can make a little parabola collection once this thing settles in the next few days/weeks )

Just my input

 

[PaulRon]

.618 is dfeeinitely possible quesitno is if we have a bounce before that or not...

 

[killthesunshine]

'gone parabolic' .. very trendy & cool verbage


'like we're para-bolic maaaaaan'

but would a mathematician agree with you?

 

[PaulRon]

Quote from killthesunshine:

'gone parabolic' .. very trendy & cool verbage


'like we're para-bolic maaaaaan'

but would a mathematician agree with you?

who cares? did you grab any of the 900 pip drop from the top?

 

[Cutten]

Quote from PaulRon:

who cares? did you grab any of the 900 pip drop from the top?

Not the whole move, but I got about 700 pips on the outright and the puts almost tripled.

I have a small put position left, I think there's a decent chance we go below 1.35 next week, but I'm out of the majority of my position.

 

[Forex]

It's has been so volatile that you need to keep your stops close to avoid losing too much..