The EURO

Quote from LouDogg:

I am selling at 1.2107. Looking to hit 1.2070 before lunch.

A lot of times I am just a HIT and RUN, I will see an immediate opportunity (within a current movement) Hit take 10 pips down on a set and forget limit and stop (like Ron Popeil).

Then come back later and check the account.

Sometimes I make about 20 pips a 24 hour period on that, very unstressful strategy, in the afternoon sometimes when its slow.

You take the emotion away.
 
Quote from agin1415:

We all do it, LOL. You get in a position and you see it go fast and suddenly there is some decent change on the table, a few days pay in a normal job, LOL!

Ya take it, then a months pay would have materialized, that's just trading and the way it works out sometimes.

Try to walk away after you set up your position and forget about it for a few days, it works great and improves your trading (for position trading that is).

Anyway, i'm aiming for 2214.
 
Quote from TradingWise:

Try to walk away after you set up your position and forget about it for a few days, it works great and improves your trading (for position trading that is).

Anyway, i'm aiming for 2214.

Now on the demo, I did that, of course, I think it was 2 lots of something, ten grand the next morning,lol.

Now if I had an account with mid 5 figures and its mostly all WON MONEY, then I could do that.

I'm figure I need about a half year for that.

"Hey, honey, I did good today (no figures to the wife please), lets go out to dinner, no, darn it lets just take the weekend off and go to the keys"
 
I still think we may see some headwind in the 2155-2164 area. Some stops may trip up here and things could retreat just a little. If you do exit, look for re-entry if you get a chance.

Good luck.


Quote from downrivertrader:

Price currently at 1.2087


If price can hold onto the 1.21 handle in NY. It will see next trouble at 1.2142-55 area. Above here 1.2170 is important and will likely provide a challenge. If it does break thru then1.2220 is the target. This is the 200 day MA. Sort of a stupid level I think but one paid a lot of attention. So I pay attention to it.

If current levels do not hold, then we may move south to around 1.2018


Good luck everybody. Good thread.
 
I decided to exit at 1.2156. I think we will see a decent retreat now. Could be wrong, but I will look to reenter early US or so depending on data action.

Besides Maryland is playing Duke at 9:00 and I have about 100 ticks profit.

Good luck everyone.




01-11-06 06:47 PM

I still think we may see some headwind in the 2155-2164 area. Some stops may trip up here and things could retreat just a little. If you do exit, look for re-entry if you get a chance.

Good luck.





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Quote from downrivertrader:

Price currently at 1.2087


If price can hold onto the 1.21 handle in NY. It will see next trouble at 1.2142-55 area. Above here 1.2170 is important and will likely provide a challenge. If it does break thru then1.2220 is the target. This is the 200 day MA. Sort of a stupid level I think but one paid a lot of attention. So I pay attention to it.

If current levels do not hold, then we may move south to around 1.2018


Good luck everybody. Good thread.
 
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