The bottom of the dollar: case for and against

Quote from riskfreetrading:

Pair is now down to 1.4955. Position up more than 100 PIPs.


AND

entry was at the exact top. Priceless!

:p
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Hi there RFT

You seemed to have surprised yourself by shorting the previous high on a decaying price.

good on you.

sosueme
 
EUR/USD is now at 1.48ish, down from the top of 1.5060 which was nailed on this thread in real-time.

I added early in the morning today some more. Have 80 pips on this new one, and 250 pips on the first one.

Maybe time to take some profits. I will assess and decide.

Only thing a man should trust as market expertise are real-time market trades like it was done here on this thread.

:p
 
Quote from riskfreetrading:

Hi!

I have not traded the dollar for a long time now. I just went long dollar and short EUR less than half an hour ago, when my order got filled. I got filled at 1.5060.

Since I did not trade this pair for a long time, I wonder what you think are the cases for shorting or longing this pair.

I am short as of now EUR/USD with 1.5060 as entry point. I have another order around 1.51, but I do not think the market will get there today.

My timing models said to sell at 1.5060, so I did what they asked.
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EUR/USD is now below 1.47. I think it is time to take some profits. Position shows 350 PIPS profits in three days only. Not bad at all. Not bad. Also did not see a drawdown because the entry was at top.
 
Quote from riskfreetrading:

EUR/USD is now below 1.47. I think it is time to take some profits. Position shows 350 PIPS profits in three days only. Not bad at all. Not bad. Also did not see a drawdown because the entry was at top.
More...

We got it now man, you sold at the top!

This was your first big trade, right?

Congratulation, most excellent trade....





Fireworks-01-june.gif
Fireworks-02-june.gif
 
i've already made my case for the USD, i've been expecting the 75 area and usd to bottom around that area since July....

please go here: www.mybullmarket.org ... if you have trouble finding them just use the label on your left sidebar that says US Dollar
 
Quote from Optional:

What's a Gartley?
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He's a middle aged grey haired -n- bearded gentleman who puts out a letter each morning called the Gartley Letter - - sometimes he makes appearances on CNBC.

:D
 
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