IVAN 
got me out of my trading lethargy just a few days ago.
Listening to his trade after trade after trade successes on shorting EUR/USD piqued my interest - motivating me to get off my duff and make a trade.
In this case a long trade on EUR/USD opened at 1.2206. By the next day the price was over 1.2300. The trade was closed successfully.
OK, my next trade here up for discussion for all is NOT a trade recommendation - it's just a trade DISCUSSION - so let's get that clear - NOR am I advising anyone to make the trade - got it?
This is for experienced forex traders only...
The set-up is based more or less on Ivan's awesome shorting success he's been having with EUR/USD.
The trade structure would be as follows:
Opening a short in the 1.2300s (as I did already this morning). Then following up with more shorts as (or IF) the price CLIMBS.
It would be a scale-in type trade (beginners: These are very dangerous trades - only to be attempted by the most accomplished traders). Possibly with a trailing stop loss to melt off positions that get too far in the hole.
You see, I don't conceive of this trade as being a loser, here's why: Seems like EUR/USD has no problem lately getting down to 1.2200s. I think Ivan indicated he's seeing this so he's been making huge amounts of money shorting the euro.
Well, I've just not been able to commit money to follow his trades though he has been right as rain for the last month that I know of (Ivan pls correct me if I am wrong).
His ability to capture profits short trading is staggeringly accurate trading the range from, I think, mid 1.2250 down more than a cent!
I am completely sold on his 'profit in shorting EUR/USD' theory so I've concocted this structure to see what other traders think of it.
I mean, I see nothing but euro-bull blood being shed if they attempt to spike up the euro during this time. The question/complexity would arise should the euro spike up 200-pts or more.
I can easily take another short out 200-pts up, even melting off some losses, and I really think the spike downs would be extremely profitable.
Even if you caught a higher range, 1.2300s to 1.2500s, for example, like Ivan did in the lower ranges down to, what, 1.2000s? Still, a half-dozen short passes might be able to be successfully made in a 2-cent range high to low, high to low, high to low, etc.
The potential money that could be made for a trader adept at scaling theories may be bitchin - even over the next few weeks!
Well, guys, what do ya think?
Note to Ivan: My EUR/USD long trade was a flop, Ivan, so if you hit a SL I was not the one you paid. Yes, the price did make it up into the 1.2300s, but went outside my planned trade time frame set-up.
I stuck with my trade plan risk toleration when the trade went outside my time allotted for it, profit-wise. More Risk than I was willing to commit to kicked in, and I snapped the trade closed for a mere 11-points profit yesterday before it shot up 130-pts this morning. I was just razzin' ya about your money.
current = 1.2338
got me out of my trading lethargy just a few days ago.Listening to his trade after trade after trade successes on shorting EUR/USD piqued my interest - motivating me to get off my duff and make a trade.
In this case a long trade on EUR/USD opened at 1.2206. By the next day the price was over 1.2300. The trade was closed successfully.
OK, my next trade here up for discussion for all is NOT a trade recommendation - it's just a trade DISCUSSION - so let's get that clear - NOR am I advising anyone to make the trade - got it?
This is for experienced forex traders only...
The set-up is based more or less on Ivan's awesome shorting success he's been having with EUR/USD.
The trade structure would be as follows:
Opening a short in the 1.2300s (as I did already this morning). Then following up with more shorts as (or IF) the price CLIMBS.
It would be a scale-in type trade (beginners: These are very dangerous trades - only to be attempted by the most accomplished traders). Possibly with a trailing stop loss to melt off positions that get too far in the hole.
You see, I don't conceive of this trade as being a loser, here's why: Seems like EUR/USD has no problem lately getting down to 1.2200s. I think Ivan indicated he's seeing this so he's been making huge amounts of money shorting the euro.
Well, I've just not been able to commit money to follow his trades though he has been right as rain for the last month that I know of (Ivan pls correct me if I am wrong).
His ability to capture profits short trading is staggeringly accurate trading the range from, I think, mid 1.2250 down more than a cent!
I am completely sold on his 'profit in shorting EUR/USD' theory so I've concocted this structure to see what other traders think of it.
I mean, I see nothing but euro-bull blood being shed if they attempt to spike up the euro during this time. The question/complexity would arise should the euro spike up 200-pts or more.
I can easily take another short out 200-pts up, even melting off some losses, and I really think the spike downs would be extremely profitable.
Even if you caught a higher range, 1.2300s to 1.2500s, for example, like Ivan did in the lower ranges down to, what, 1.2000s? Still, a half-dozen short passes might be able to be successfully made in a 2-cent range high to low, high to low, high to low, etc.
The potential money that could be made for a trader adept at scaling theories may be bitchin - even over the next few weeks!
Well, guys, what do ya think?
Note to Ivan: My EUR/USD long trade was a flop, Ivan, so if you hit a SL I was not the one you paid.
Yes, the price did make it up into the 1.2300s, but went outside my planned trade time frame set-up.I stuck with my trade plan risk toleration when the trade went outside my time allotted for it, profit-wise. More Risk than I was willing to commit to kicked in, and I snapped the trade closed for a mere 11-points profit yesterday before it shot up 130-pts this morning. I was just razzin' ya about your money.
current = 1.2338
That is why i will short all the way up to 1.2400. By then, my average price on 3 contracts will be around .2275. Then I need the market to drop hard to make my profits.