Eur/usd

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Quote from Kastro_316:

Hey DD. Now much going on right now, just getting everything back to normal.

Right now I am not too keen on the USD considering the conflict going on right now. I am not taking a huge position as we speak, but if certain numbers are met, I will continue to add, but for now only time and hamas will tell :D

sccz97, are you going to correct my grammar?

-Kastro
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YOU taking the other side of my trade... makes me think.

Can you indicate what your reason is for going long at this level?

We're on totally opposite sides of the wall - and usually that's not the case.

Would like to hear your take on the matter.

Best,

DD
1.2684
 
Snapped the EUR/USD short closed for another 17-pts profit. :D

Re-entered @ 1.2659 pointing down.

Hey, if short range sKaLpZ do the trick.... :D

dRaWdOwN
1.2657
 
Just a passing update...

I see no reason why we cannot move out of the 1.2600s and into the 1.2500s.

Current = 1.2658.

DrawDown :cool:
 
Quote from DrawDown:

Snapped the EUR/USD short closed for another 17-pts profit. :D

Re-entered @ 1.2659 pointing down.

Hey, if short range sKaLpZ do the trick.... :D

dRaWdOwN
1.2657
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I have an honest question. Why wouldn't you just put your stop loss line down to lock in your profit instead of opening up a new trade in the exact same direction, and paying extra commission?
 
Quote from Ivanovich:

I have an honest question. Why wouldn't you just put your stop loss line down to lock in your profit instead of opening up a new trade in the exact same direction, and paying extra commission?
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Whahht?

It's just a flucuation,

DD
 
I thought it would be obvious to someone claiming to be so skilled in the art of Forex. You continue to open a short, then close it for a few pips. Then you re-enter the short again. Each time you re-enter, you're paying the spread. Each time you close, you're paying the spread. Why not simply place a stop loss in, and move it down each time it gets to a resistance line?

I mean, I know I'm just a "hobbyist trader", as you call me, but I'm trying to figure out if you have some sort of super secret strategy here that just doesn't make sense to me or if you just don't really get it.
 
Quote from Ivanovich:

I thought it would be obvious to someone claiming to be so skilled in the art of Forex. You continue to open a short, then close it for a few pips. Then you re-enter the short again. Each time you re-enter, you're paying the spread. Each time you close, you're paying the spread. Why not simply place a stop loss in, and move it down each time it gets to a resistance line?

I mean, I know I'm just a "hobbyist trader", as you call me, but I'm trying to figure out if you have some sort of super secret strategy here that just doesn't make sense to me or if you just don't really get it.
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*YAWN*

"but I'm trying to figure out if you have some sort of super secret strategy here."

Nah, I have a super secret strategy.

"You continue to open a short, then close it for a few pips."

I wouldn't call 20-pip clips at a time "a few pips."

"Each time you re-enter, you're paying the spread. Each time you close, you're paying the spread."

That's not true. You should learn how to trade.

I pay a SINGLE spread when I open. I pay NOTHING more when I close.

You're getting ForEx trading confused with stock trading.

d
 
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