Ivan's Trade Thread

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Quote from Ivanovich:

Long EUR/USD 100,000 units @ 1.3945 for return to 1.4020. I will NOT take profit at 1.4020, but will set a stop at 1.40 if it passes 1.4020. I hope that's clear...
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Stopped out at 1.39 for 45 pip loss. -$450.

I was going for a bounce that never materialized. I knew it was a stretch, which is why the stop was close and the position was small (relatively compared to what I use).
 
I think the EURUSD is a bit choppy at the 100ish pip scale. It is still in the +/- around 50 pips area from your trade, but very uncertain as to details of where it will go next.

I think there is a rationale and good probability it will flip over 1.40 again this week.
Surely the market uncertainty and nervousness will get tested... German growth forecast to 1.8% while UK and France at around 1% - with EU average 1.4%.
:)
 
Quote from Gringinho:

cabletrader,

yes, always true - and good to scale appropriately with those strategies - balancing risk size and timeframes.
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To maintain any sort of reasonable risk and money management the position sizes obviously need to be smaller trading without stops, it explains why the returns for this kind of trading aren't that great in comparison to say the average intraday trader who manages risk using stops. Some of the drawdowns on these trades makes me wonder if it's just demo trading rather than live, I can't see anyone risking 140 pips (and perhaps more!) to gain 45 somehow, although you never know I suppose, after all this is forex :D
 
Quote from sam0182:

I was liking this short idea as well...nice little downward channel on the hourly.
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Yeah it's nice pattern. I'm going to be glued to the screen until it starts making lower lows though :)
 
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