How to trade the EUR now

Quote from oldtime:

where is your stop?
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limit. 1.3045. I think its going to stick in this range for a couple of hours until Europe wakes up. I don't have a stop.

Basically, I have set a loss limit of $200 for every 10,000 (mini lot).
 
Quote from SimpleTrades:

limit. 1.3045. I think its going to stick in this range for a couple of hours until Europe wakes up. I don't have a stop.

Basically, I have set a loss limit of $200 for every 10,000 (mini lot).
More...
good luck, thanks for the conversation
 
Quote from SimpleTrades:

And don't go long right now. When Europe wakes up, the EUR/USD will be dragged down to atleast the middle of that large candle.

My highly educated guess! :D :D
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How was that for a perfect call. Not only did it hit the 1.3045 where I exited my long, but it also went back to the center of the long candle ( 5 minute chart) when Europe woke up.

:D :D

Anyhow, enough bragging. Better get my ego under control or I WILL start losing money
 
Quote from oldtime:

I'm short from 2880, and if it ever gets back there I'll unload all I shorted tonight

I already have my limit in

then I'll put in a limit to short some more somewhere up there

if it never gets back there, then it will be what they call a "losing trade." I hear it is not uncommon among professional traders.
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got off lucky on that one. eur.usd is no longer my largest loser, so that allowed me to cancel my buy limit on my short position at 2980 to breakeven on my last sale.

Now it is my largest winner

well, you asked "how to trade" that's how I do it. I'm constantly cancelling and replacing limit orders. Rule #1 is never add to the largest loser, and if it is the largest position try to trim it back down at breakeven.
 
Quote from oldtime:

got off lucky on that one. eur.usd is no longer my largest loser, so that allowed me to cancel my buy limit on my short position at 2980 to breakeven on my last sale.

Now it is my largest winner

well, you asked "how to trade" that's how I do it. I'm constantly cancelling and replacing limit orders. Rule #1 is never add to the largest loser, and if it is the largest position try to trim it back down at breakeven.
More...

Good for you. I, on the other hand, am getting clobbered by that last down leg. I am long from 1.29962.
 
Quote from SimpleTrades:

Good for you. I, on the other hand, am getting clobbered by that last down leg. I am long from 1.29962.
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I have a limit in to sell some more at 2961. If my portfolio target gets hit, I will start trading it again from the long side. But a lot can happen between now and then.
 
Quote from oldtime:

I have a limit in to sell some more at 2961. If my portfolio target gets hit, I will start trading it again from the long side. But a lot can happen between now and then.
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ht my target, now I'm flat

sometime after midnight I will get
aud.usd short
eur.usd. long
gbp.usd short
usd.cad short

when I get flat, I get high

and that is how I trade EUR

thanks for asking

(gonna go play some music with some friends tonight)
 
Quote from TheMagican:

As SimpleTrade said,buy every 40-50 pis down dips for the 40-50 pips gain.And i agree with his current assessment.From the current level it could probably be 1,2990-1,3000
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it's at 2850

did you get filled yet?
 
Quote from oldtime:

it's at 2850

did you get filled yet?
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What kind of a dim wit are you??:confused:

I said I WOULD buy at 12990 mark!Do you know why's trading is?What is a trading idea now could be a complete garbage 5 min later.Are you stupid fkn momo,or wtf the matter with you!!!
 
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