How to trade the EUR now

you gotta pick a direction, how else can you make money trading spot fx unless the pair moves your way as expected without hitting your stop first.
 
Quote from contra:

you gotta pick a direction, how else can you make money trading spot fx unless the pair moves your way as expected without hitting your stop first.
no kidding, how does Soros always know what is going to happen? That was a nice trade in AUD last night.

because I think everything has to even out

so yes, it's just reversion to mean

with some kind of idea to look for opportunities on extremes

but when it trends, it trends harder and longer than any but Soros ever planned for
 
Quote from oldtime:

no kidding, how does Soros always know what is going to happen? That was a nice trade in AUD last night.

because I think everything has to even out

so yes, it's just reversion to mean

with some kind of idea to look for opportunities on extremes

but when it trends, it trends harder and longer than any but Soros ever planned for

lol who even knows if it was true, but would be even nicer if he's getting long aussie right now.
 
Quote from contra:

lol who even knows if it was true, but would be even nicer if he's getting long aussie right now.
hard to know about that guy

one time I was interested in a stock, and I read in Barrons (not an article just in the 15c filings) he had filed, so that was enough to push me to buy it

and sure as shit, in about 6 months it got bought out at about a 30% profit to me
 
Quote from oldtime:

well I know I have sure gotten burned going long aud.usd

been long a long time

basically I'm short eur/aud

depends on the moment how much size I have on long aud.usd
and short eur.usd

that eur is getting hard to read at 1.30

short it all the way up to 1.34 and cover at parity?

EurUsd cannot be traded until it comes out of the range 1.29 to 1.32. My favorite cross on Aud at the moment is the short AudJpy.
 
Quote from elisab:

EurUsd cannot be traded until it comes out of the range 1.29 to 1.32. My favorite cross on Aud at the moment is the short AudJpy.
well, it can certainly be traded, but not neccesarily traded profitably
 
another big losing day

short an average position from 3125

will sell some more at 3198

will sell some more on a stop at 3147

if I ever get out of this trade alive I never want to see another euro as long as I live
 
Quote from oldtime:

well, it can certainly be traded, but not neccesarily traded profitably

Too little volatility and too many false signals, I’m looking for better moments.
 
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