The Surf Report

[nkhoi]

here is easy way to know what you are doing with currency pair

"long" or "short" is always apply to the first currency
and the second currency will go in oppsite direction of the first currency. That is all you have to remember.

detail;
Buying ("going long") the currency pair implies buying the first, base currency and selling an equivalent amount of the second, quote currency (to pay for the base currency).

A trader buys a currency pair if he/she believes the base currency will go up relative to the quote currency, or equivalently that the corresponding exchange rate will go up.

Selling ("going short") the currency pair implies selling the first, base currency, and buying the second, quote currency.

A trader sells a currency pair if he/she believes the base currency will go down relative to the quote currency, or equivalently, that the quote currency will go up relative to the base currency.

 

[Buy1Sell2]

Quote from nkhoi:

yes, so what was surf for all this time--long or short? Is he ahead or behind? I find it difficult to believe that someone who has been around for an extended period of time would make these kind of communication errors. ???

 

[OldTrader]

Quote from Buy1Sell2:

yes, so what was surf for all this time--long or short? Is he ahead or behind? I find it difficult to believe that someone who has been around for an extended period of time would make these kind of communication errors. ???

Good question. At this point it looks like he needs to go back to school and learn what long/short the Euro means rather than to trade it. If there is anyone not confused by the last dozen posts or so, to include Surf, please raise your hand.

OldTrader

 

[marketsurfer]

ok, ok, closed short eur/usd and have reversed long @ 1.2520---holding here.

long eur/usd.

staying short DJIA, short OIL, long NAPS.

regards,

surf

 

[marketsurfer]

caught a nice nice move on the upside in EUR/USD here--- holding with over 100 points profit.

as you know the DJIA broke 12k and the world is bullish on the US indexes--- i am remaining bearish and added to the DJIA shorts today @ 120.10--- this extreme sentiment can't last long and i expect a nice drop soon.

Holding oil short, no plans to cover this postion yet.

Holding NAPS long--still expecting 10 plus.

regards,

surf

 

[riskarb]

So are you gaining from a move up, or down, on eurusd? You know, it's hard to keep track. You told us all that you were up 90 pips on the last trade, when you were actually down 90...

 

[marketsurfer]

please note--- i am LONG eur/usd from 1.2520, which translates into short dollar, long euro.

nice boat, RA. 1967 chris craft per chance?

surf

 

[riskarb]

Quote from marketsurfer:

please note--- i am LONG eur/usd from 1.2520, which translates into short dollar, long euro.

nice boat, RA. 1967 chris craft per chance?

surf

60's Owens Flagship. New controls and newish 260hp inboard.

 

[marketsurfer]

Quote from riskarb:

50's Owens Flagship. New controls and newish 260hp inboard.

sweet.

 

[ProfLogic]

Surf,

Tell me you bailed on your Euro and Dow trades.
The 100 pips you picked up last week in the Euro evaporated over the last two trading days in that nonexistent Bear Trend I told you about over 2 weeks ago.
Stop da bleedin man!