Question For Master Forex Traders
- Thread starter sKaLpZ
- Start date
well, if the chart pattern holds true and we get a repeat, we could go up to, say, 1.3100s then crash back down to the 1.1700s.Quote from qtip:
This is exacty the type of setup I look for. Hard to tell if the market will move 1 way or the other. Since we moved up 100+ today, what are the chances that it will move another. That doesn't mean it won't...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.
Keep in mind, if I get filled on my last position and can get 20 points, I will unload a position. Though my P/L will show a loss, I will keep doing and will be come profitable eventually.
I know this is different from most, but seems to work for me.
Good luck euro LONGs, er, SHORTS, erm... whatever....!
In fact, check THIS out...
from March 2004 to Nov 2004 (7-months) we had a range from the 1.1700s to the 1.2400s - 700-pts!
see the question mark in the chart? is this the possibe starting of another 7-month period of range-bound ups and down??
If so... you know how many shorts / longs you could get from the highss / lows??
*feeling faint-headed*
played right one could practically double their port.
this could be perfectly safe trading!! :eek:
from March 2004 to Nov 2004 (7-months) we had a range from the 1.1700s to the 1.2400s - 700-pts!
see the question mark in the chart? is this the possibe starting of another 7-month period of range-bound ups and down??
If so... you know how many shorts / longs you could get from the highss / lows??
*feeling faint-headed*
played right one could practically double their port.
this could be perfectly safe trading!! :eek:
I mean, because, when ya think about it.
OIL at $70+++ is wrecking the US economy (potentially?) and the EU is in shambles - cannot take a really stong euro... and the USD is gonna stop raising interest sooner or later...
no progress being made in the Iraq war.
this seems to put things in general overall balance - we could have uniform 200 to 500-pip swings for the next several months... or, we could have a big climb (or fall) just to retrace the entire way.
anyone see this any other way?
OIL at $70+++ is wrecking the US economy (potentially?) and the EU is in shambles - cannot take a really stong euro... and the USD is gonna stop raising interest sooner or later...
no progress being made in the Iraq war.
this seems to put things in general overall balance - we could have uniform 200 to 500-pip swings for the next several months... or, we could have a big climb (or fall) just to retrace the entire way.
anyone see this any other way?
well... apparently this post is coming to pass - the EUR/USD rate spike, at least.
we just hit 1.2527 - giving me another shorting opportunity. current looks to be 1.2492.
I see this round of latest price spikes as a little panic setting in the market (oil-katrina-gas price-interest rate blend), 'consumer-level' PhD quantatative finance market participants / heads of super funds, banks last minute dire attempts to figure out which way to go.
as recorded in the market's statement, overall sentiment currently is to dump the USD.
*busts up laughing*
this is sending giant ripples thru other major currencies causing their price against the USD to go up.
my EUR/USD short, of course, is in deeper red - to be anticipated.
I'm making good money, though, on interest payments. 
I love when the market hyperventilates.
LMAO,
Coinz
we just hit 1.2527 - giving me another shorting opportunity. current looks to be 1.2492.
I see this round of latest price spikes as a little panic setting in the market (oil-katrina-gas price-interest rate blend), 'consumer-level' PhD quantatative finance market participants / heads of super funds, banks last minute dire attempts to figure out which way to go.
as recorded in the market's statement, overall sentiment currently is to dump the USD.
*busts up laughing*
this is sending giant ripples thru other major currencies causing their price against the USD to go up.
my EUR/USD short, of course, is in deeper red - to be anticipated.
I'm making good money, though, on interest payments. I love when the market hyperventilates.
LMAO,
Coinz
scalpz, I'm sorry but it's hard to take you seriously. Your behavior seems unbalanced and that usually indicates a losing trader (ie. lundy syndrome).