You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
How to trade the EUR now
- Thread starter irniger
- Start date
Quote from Illini Trader:
I look at the Eur/Usd and wonder why anyone would be short or long at the present time. It has been sideways for a week and you can force it into a slight downward bias or a slight upward bias whatever your mood. My opinion is that having any position now is just gambling without a current trading edge. --- Illini
Range trade? Easy profit unless you choose wrong direction from top or bottom of range.
whats this UniCredit and a few other banks not complying with Dodd-Frank and registering with CFTC. "Risks big US/rest-of-world division between OTC derivatives markets" news. Not sure the effect this would have on markets.
Small positive Italy formed a gov... could see early relief maybe.
Small positive Italy formed a gov... could see early relief maybe.
man, I hope not. I have been short that eur.usd since the beginning of timeQuote from contra:
whats this UniCredit and a few other banks not complying with Dodd-Frank and registering with CFTC. "Risks big US/rest-of-world division between OTC derivatives markets" news. Not sure the effect this would have on markets.
Small positive Italy formed a gov... could see early relief maybe.
I took a very nice profit, but I can't remember if that even paid for all the small times I got stopped out
then I started selling it all the way up
now I am short a full load at 3059
with a stop to start scaling out at a loss at 3099
I don't care if it goes down, but it is really going to take a toll on me psychologically if it keeps going up
like I said, 3099, "Take it! Take another little piece of my heart Baby
You know you got it if it makes you feel good"
Quote from oldtime:
man, I hope not. I have been short that eur.usd since the beginning of time
I took a very nice profit, but I can't remember if that even paid for all the small times I got stopped out
then I started selling it all the way up
now I am short a full load at 3059
with a stop to start scaling out at a loss at 3099
I don't care if it goes down, but it is really going to take a toll on me psychologically if it keeps going up
like I said, 3099, "Take it! Take another little piece of my heart Baby
You know you got it if it makes you feel good"
I am guessing not much volatility early in week, around 3050/70 mid point of this range. Id like to buy shots down toward 2950/00 not sure it will go though. I'll let this sort itself out, ECB and NFP this week.
just another losing day for me, 26 pips against me on the open, oh well, the bulls need relief, and I am glad I could do my part giving it to themQuote from contra:
I am guessing not much volatility early in week, around 3050/70 mid point of this range. Id like to buy shots down toward 2950/00 not sure it will go though. I'll let this sort itself out, ECB and NFP this week.
but they are starting to wear out their welcome
they have my back against the wall, no more money I am willing to commit to short eur.usd
so we will just have to see if they will be as polite to me as I have been to them
I know my damn starts breaking at 3099
Quote from oldtime:
just another losing day for me, 26 pips against me on the open, oh well, the bulls need relief, and I am glad I could do my part giving it to them
but they are starting to wear out their welcome
they have my back against the wall, no more money I am willing to commit to short eur.usd
so we will just have to see if they will be as polite to me as I have been to them
I know my damn starts breaking at 3099
to the bulls, you're just liquidity... nothing more nothing less it's just business.
on a serious note, 26 pips is a tight stop. I'd have a stop above 3110. In the early part of the week with all else being relatively steady I'd look to fade at anything above 3125/30 and below 2980. If I had to do something.
Quote from Illini Trader:
I look at the Eur/Usd and wonder why anyone would be short or long at the present time. It has been sideways for a week and you can force it into a slight downward bias or a slight upward bias whatever your mood. My opinion is that having any position now is just gambling without a current trading edge. --- Illini
When the volatility is so low, the trading is like pulling a coin.
oh, don't worry, if things keep moving against me, I'll have a stop above 3110, but by then it will be protecting less than a full load, I'm not a very good guesser when it comes to which way it is going to go, but I do ok when it comes to how much I should betQuote from contra:
to the bulls, you're just liquidity... nothing more nothing less it's just business.
on a serious note, 26 pips is a tight stop. I'd have a stop above 3110. In the early part of the week with all else being relatively steady I'd look to fade at anything above 3125/30 and below 2980. If I had to do something.
that's why this time of year, I take some comfort in my illegal baseball betting account. Always the same amount, no matter what just happened.
Once you start averaging down, then it all becomes a matter of position size
to each his own, some like guessing, I like position sizing
either way, you have to guess
I just find when it comes to eur.usd, I am not a very good guesser
but that still doesn't stop me from guessing
and you were right, and I was wrong, a little relief on the open Sunday night, just like you guessed