How to trade the EUR now

[oldtime]

briefly got long, averaged down, and just broke even

got short, made money

now I'm flat have a limit in to sell at 2807

I add with something just like a trailing stop, only instead of it being a stop loss, it is a limit to add

so, if I can't sell at 2807, I will lower my sell limit later (or possibly raise it.)

but like I said, EUR.USD is just one of the four pairs I am trading, so what happens with the other 3 affects how I trade eur

but I am a lot more comfortable and less likely to take a premature quick proft on the short side than I was on the long side

and that is mainly because I think they are going to have a hard time trashing USD (and USD is 50% of the eur.usd trade.)

 

[oldtime]

I'm short from 2801

it's small position, but still, it's my largest loser

so I have no limits in to do anything with it

until something else becomes my largest loser

then I'll try to sell some more to raise my average price

 

[SimpleTrades]

I'm still long from 2996. Oldtime, I never exited that trade we discussed several days ago since it didn't wipe out my profits earned during the day I entered the trade.

 

[SimpleTrades]

up up and away! Its about time. Targeting 1.32.

 

[atticus]

Quote from SimpleTrades:

I'm still long from 2996. Oldtime, I never exited that trade we discussed several days ago since it didn't wipe out my profits earned during the day I entered the trade.

So much edge. Only 250 pips in heat as of last night. You may be able to stay off the welfare. Good luck.

 

[SimpleTrades]

Still buggering your bro, Atticus?

 

[SimpleTrades]

Quote from atticus:

So much edge. Only 250 pips in heat as of last night. You may be able to stay off the welfare. Good luck.

I guess you must be on the short side of this pair.

 

[oldtime]

man, I'm getting killed in this short eur.usd. I finally got a full load on at 3095 and got stopped out of half of it, a little at a time

now I'm trying to sell a whole shitload at 3200

and if that one ever gets filled, I'll just let them stop me out

sad too, because yesterday it was one of my bigger winners

 

[SimpleTrades]

Quote from oldtime:

man, I'm getting killed in this short eur.usd. I finally got a full load on at 3095 and got stopped out of half of it, a little at a time

now I'm trying to sell a whole shitload at 3200

and if that one ever gets filled, I'll just let them stop me out

sad too, because yesterday it was one of my bigger winners

Sorry about that. The short bias isn't a good one right now. I've yanked more than 750 pips out of this pair in the last month with my long bias, but this could change anytime.

Overall, how well have you done over the last month? I'm sure you too have been going in an out over and over again on your shorts and probably grabbed some profit as well.

 

[oldtime]

Quote from SimpleTrades:

Sorry about that. The short bias isn't a good one right now. I've yanked more than 750 pips out of this pair in the last month with my long bias, but this could change anytime.

Overall, how well have you done over the last month? I'm sure you too have been going in an out over and over again on your shorts and probably grabbed some profit as well.

no, I think eur.usd on the short side has been a loser for me as long as I can remember.

congratulations on your 750 pips

me personally, I don't like guessing what it is going to do

it takes a lot of faith to not panic when you have lost more in a few hours than you use to make in a month

like the man said, "90% is just money management, 10% is reading the market."

and I have been doing an excellent job of money management, but a piss poor job of reading the market (and that is why I am still 90% alive.)