My (NEXT) EUR/USD Short Trade

Quote from sKaLpZ:

no, no, actually I'm not. Though when I started trading forex I inadvertantly signed up for a free membership at godtakesmymoneywhileonlineporntakesmyjism.org
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At least your membership was free, I had to pay for it, and these guys don't fall within distance selling rules on refunds...
 
Quote from Maxprofit$:

Don't dream of the Euro going down forever! All the gains from last year have vanished, which is too much. Last time i heard, the US didn't solve it's problems.

The bigger the drop, the bigger the bounce. It's simple physics :) I just had bad timing.
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The US dollar should be valued more than the EUR. I can see the EUR dropping past 1.000.

What problems does the US have?
 
Quote from uninvited_guest:

The US dollar should be valued more than the EUR. I can see the EUR dropping past 1.000.

What problems does the US have?
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Inflow of foreign savings........

You may add: .... HUGE!
 
Quote from uninvited_guest:

The US dollar should be valued more than the EUR. I can see the EUR dropping past 1.000.

What problems does the US have?
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And why? Cause the economy is growing faster in the US??

Ain't have nothing to do with FX. It's about prices, foreign trade, savings, government debt, return on investment and all of the above relative to how the other countries are doing. Parity of prices being the main driver for value.

Investors sentiments or whatever "attitude" we want to believe the market has, it's nothing but short-term noise. The french "no" is already forgotten. As oil apparently his.

But that's because oil is doing an head-and-shoulder pattern and the market expect this :D
 
Quote from sKaLpZ:

Friday Update

I should actually be sleeping now.

Instead I'm here to post an update.

You know what? I know my TP was 500-pips but with this big tank the market had at the end, I took a CHUNK of profit, closed out at 1.2562 and got flat.

Whew...

The trade is still going... I'm just sidelined with cash. Taking no position is taking a position, as they say.

So, for the weekend the trade is flat.

sKaLpZ
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You closed the trade long before liar!
 
Quote from Maxprofit$:

You closed the trade long before liar!
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no, no, it's not that. I had to continously re-enter the trade due to the price continously falling (going in my favor).

it never went against me, all it did was fall, I'd close, re-enter, get more profit, close, re-enter, all the way down to the bottom.
 
I at least got the decency to go down until i hit my stop-loss!!!

I plan to reenter somewhere at the end of summer anyway. If you look at a 3 year chart it's just a correction. People got crazy with the US and the rising interest rates, but all things come to an end.

If you compare GDP growth with population growth, results are not that fantastic. The government spend, makes bad laws, gets protectionist and favor intellectual property too much over of competition. Reality is gonna catch back someday...
 
Quote from sKaLpZ:

no, no, it's not that. I had to continously re-enter the trade due to the price continously falling (going in my favor).

it never went against me, all it did was fall, I'd close, re-enter, get more profit, close, re-enter, all the way down to the bottom.
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Well you traded with the trend then.
 
Quote from Maxprofit$:

I at least got the decency to go down until i hit my stop-loss!!!

I plan to reenter somewhere at the end of summer anyway. If you look at a 3 year chart it's just a correction. People got crazy with the US and the rising interest rates, but all things come to an end.

If you compare GDP growth with population growth, results are not that fantastic. The government spend, makes bad laws, gets protectionist and favor intellectual property too much over of competition. Reality is gonna catch back someday...
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it's probably gonna happen when (if) the US gets another visit from Ole Binny.
 
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