Short Euro

I added half to my EUR/USD short yesterday. Averaged in at 1.0891 with a stop just above Thursday's high (1.1053)
 
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Chuck Krug said:
Btw, anyone else find Interactive expensive for forex?
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If one is trading small lot size [<$100K], hyper trading [in/out/BE stops] with small targets in mind it may seem expensive to some.

For my style of trading, longer term/swing/position trading with diversified instruments. The benefits of IB's fixed spread, global acct, portfolio margin and overall brokerage security outweigh the relatively small commission costs as compared to Forex Brokerages who hide their costs with wide spreads, or worse those who widen their spreads during volatility events as they deem fit. [FXCM comes to mind]

For US Traders, hard to beat IB as a retail brokerage imho...
 
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This coming week might be much ado about nothing ... till Friday - waiting on U.S. NFP non farm payroll report.

But I'd say EURGBP looks to be best "bang for the buck" at the moment. If yesterday's bar low(pinbar maybe?) is taken out shorting looks good.

In hindsight Wednesday was the ideal entry though for current move.
EG.png
 
covered eur.usd at 1.077 +1% ish
decided to just switch the base currency of the trading account to usd, to simplify things.
 
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short the eur against aud cad chf gbp
avoid the dollar and the yen

just trade it, but always from the short side

fundamentals? ECB will never get it together to intervene

the whole thing may never collapse, but the fear is always out there

whether you are scalper or position trader, just trade it from the short side

90% is money management
10% is guessing right
 
loyek590 said:
short the eur against aud cad chf gbp
avoid the dollar and the yen

just trade it, but always from the short side

fundamentals? ECB will never get it together to intervene

the whole thing may never collapse, but the fear is always out there

whether you are scalper or position trader, just trade it from the short side

90% is money management
10% is guessing right
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well, after a day like today, I suppose it wouldn't be bad to try to buy a little long eur.jpy (and maybe later a little long eur.usd) for protection.

90% is just money management
but still, 10% is just guessing right
and guessing that eur is going lower is really fun right now
 
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