Short at 1.2701
-Kastro
Eur/USD
- Thread starter ForexPro
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Short at 1.2701
-Kastro
Ohh it sure is 
Hey, did you get my PM?
Hey, did you get my PM?
The dollar index slammed into a very key level for me yesterday. It is working this 85.55 level and if it moves up out of here that would be very positive. All the pairs I track are setting up to be dollar positive.
One thing I have learned in trading Forex that I read every day to remind me......
"Trend changes in the Forex market tend to be processes and not events"
This is much different than the old days of trading the Russell 2000.
Spot is working this 2707 level, if it does not hold then my bias is down. Its an emotional market so be careful with short term trades
I will likely watch things develop into the weekend, but I think we will have some nice setups forming for next week. Now that the Fed is out of the way, the bulls and bears can battle it out.
Good luck Kastro and send me some cigars. Opus or Cohiba is fine.
DRT
One thing I have learned in trading Forex that I read every day to remind me......
"Trend changes in the Forex market tend to be processes and not events"
This is much different than the old days of trading the Russell 2000.
Spot is working this 2707 level, if it does not hold then my bias is down. Its an emotional market so be careful with short term trades
I will likely watch things develop into the weekend, but I think we will have some nice setups forming for next week. Now that the Fed is out of the way, the bulls and bears can battle it out.
Good luck Kastro and send me some cigars. Opus or Cohiba is fine.
DRT
233-pts vertical since the FOMC.
... Not a bad showing.
Seems we've sputtered pre-1.2800.
Then, again, we sputtered upon hitting 1.2700 - just to continue to within 10-pts of 1.2800.
My overall sentiment is: The world.. selling USD?? In this world/market environment? How stupid is that?
Hence, all my indicators still point to shorting, though high risk, as the most profitable, albeit longer term, direction. The interest rate speculators are the suckers, again.
Good luck USD-bulls!
The DrawDown
... Not a bad showing.
Seems we've sputtered pre-1.2800.
Then, again, we sputtered upon hitting 1.2700 - just to continue to within 10-pts of 1.2800.
My overall sentiment is: The world.. selling USD?? In this world/market environment? How stupid is that?
Hence, all my indicators still point to shorting, though high risk, as the most profitable, albeit longer term, direction. The interest rate speculators are the suckers, again.
Good luck USD-bulls!
The DrawDown
Not that I account anything you post as worth reading, but, you now say you're long EUR/USD.... and that going short is... "madness."
How much are you gonna lose by your being long when the rate is in the 1.2300s?
Or, are you planning on sitting on the sideline for months, again, after you get wiped for your profits, again?
Think it over.
You said you closed your long.
Now you say you're long.
Does this mean you have OPEN long trades? Or, are just your overall views as a market spectator long-biased?
None of us wants to read your supposed hearsay, after-the-trade accounts of your alleged glorious trading feats.
DD
1.2783
Skalpz,
The last person to be mouthing off about anyone not posting real facts is you.
Everyone in this thread knows that I am a Forex trader. And everyone in this thread knows that you...are something of a joke. Feel free to read the USD/CAD, AUD/USD or NZD/USD threads for my positions. Just because I didn't happen to log in for your sake before my EUR positions were opened, does not mean they weren't opened.
I closed my original positions after the Fed, and reopened them again afterwards. And closed again for profit, and reopened and closed. Now, at 1.2780, I'm flat. I will reopen on a significant breach of 1.2780, but will not go short.
Your belief in a 1.23 number is quite amusing, however. Actually, everything about you is amusing.
The last person to be mouthing off about anyone not posting real facts is you.
Everyone in this thread knows that I am a Forex trader. And everyone in this thread knows that you...are something of a joke. Feel free to read the USD/CAD, AUD/USD or NZD/USD threads for my positions. Just because I didn't happen to log in for your sake before my EUR positions were opened, does not mean they weren't opened.
I closed my original positions after the Fed, and reopened them again afterwards. And closed again for profit, and reopened and closed. Now, at 1.2780, I'm flat. I will reopen on a significant breach of 1.2780, but will not go short.
Your belief in a 1.23 number is quite amusing, however. Actually, everything about you is amusing.
It might retrace during the coming sessions. But the trend is UP. Please do not forget that fact and the rule that states that profitable traders follow the trends ...............
OK, raise it to the 1.2400s.
Same scenario applies.
What ya gonna do when your tidy, little I'm "long" but too chicken**** to hold a long over the weekend/short is "madness" house vaporizes?
Oh, that's right, you're not even trading EUR/USD!
Glad we clarified that.
Good one, Mr. Sidelines.
DD
1.2784
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