The View Down River
- Thread starter downrivertrader
- Start date
Yes. I am still long one postion from 1.1930 and I just added at 1.1876.
Looks pretty bad I guess. Let's see.
I have some traveling to do in the next several days, so I am positioning for a little longer hold time.
The Euro is going up and the Yen is going down. I am sure of it.
Looks pretty bad I guess. Let's see.
I have some traveling to do in the next several days, so I am positioning for a little longer hold time.
The Euro is going up and the Yen is going down. I am sure of it.
Yen going down? I wish it would 
I cannot take the pain anymore. I exited at .8567 for a 36 pip loss. I feel that this may be the best opportunity fo rme to exit. I have lost confidence in my trade, and my sell signal that got me into the trade is already in ruins.
Next week bring more opportunities
I cannot take the pain anymore. I exited at .8567 for a 36 pip loss. I feel that this may be the best opportunity fo rme to exit. I have lost confidence in my trade, and my sell signal that got me into the trade is already in ruins.Next week bring more opportunities
Quote from lorenzo-vi-:
sorry for the delay but i've another job from 5.00 to 7.00CET so i've been unable to answer ...
i'm sorry for my english as well, i'm not used to write therefore some thought would be not so clear.
however, i went short today on 2 occasions: @1937 and @1913. so right now i'm in a full position short @1925 average.
unfortunately an hourly closing below 1915-20 hasn't occurred yet, so the chance for an upward movement is still in place.
i've put my stops @1949 and @1953.
if the euro will take these levels tonight we'll see a close above the SMA100, and 1.20 will be on aim. i would remind you that this is a very important level to decide where the pair is heading for.
it's a very tricky situation and i'm probably going to lose some money due to my tight stop.
i've set the first profit @1867. the second @1815 but i think it's a little early to discuss about it
if i'll change something i'll let you know promptly.
ciao
ok ... i'm just come back home. pretty busy day but i'm glad to see that my first (half position) profit has been done @18669.
now i'm very very tired and i'm going to enjoy a birthday party tonight, so i'll put my profit for the second half @1832 (during the weekend i'll be able to revise this level more accurately).
the stop is placed @1918, but i'll reckon it again during the weekend as well.
i'll also try to understand the opportunity to re-enter short with the second half position in case of retracement toward 1900.
sorry for my english and for the lack of information given, but i'm also late ...
ciao
I think this may be the lowest price you will see for a while. I am raising my target to 1.2530. :eek:
Quote from downrivertrader:
Yes. I am still long one postion from 1.1930 and I just added at 1.1876.
Looks pretty bad I guess. Let's see.
I have some traveling to do in the next several days, so I am positioning for a little longer hold time.
The Euro is going up and the Yen is going down. I am sure of it.
i've got the sell signal on every time frame. furthermore not oversold yet.
looking at the daily chart i would prefer the downside view, but there just a sign that i don't want to ignore: look at the daily chart (1year lenght would be enough) and you'll see a macd close to its trend line. this is a signal that a close well below yesterday close would lead to 1700 at least. also the weekly chart speaks in this direction.
as far as i'm concerned i'll watch closely the first movements tomorrow night in tokio.
no levels already planned, but the friday stop and profit will be surely revised at the opening.
i'm a little puzzled ... so i reserve myself the right to take a decision later on because i'm not against the trend yet
ciao
I think this is certainly the most prudent thing to do. I am a very high risk trader and in no way am suggesting you should do anything other than this. I really do not disagree with any of your strategy and explaination but........
I am long here. Let see how things work out.
Good luck.
DRT
I am long here. Let see how things work out.
Good luck.
DRT
Quote from lorenzo-vi-:
i've got the sell signal on every time frame. furthermore not oversold yet.
looking at the daily chart i would prefer the downside view, but there just a sign that i don't want to ignore: look at the daily chart (1year lenght would be enough) and you'll see a macd close to its trend line. this is a signal that a close well below yesterday close would lead to 1700 at least. also the weekly chart speaks in this direction.
as far as i'm concerned i'll watch closely the first movements tomorrow night in tokio.
no levels already planned, but the friday stop and profit will be surely revised at the opening.
i'm a little puzzled ... so i reserve myself the right to take a decision later on because i'm not against the trend yet
ciao
Could you bring up a chart for us to see and learn? I looked at the daily MACD, did not see the trend line, my chart must be wrong somehow. I also looked at the weekly chart and noticed the divergence and triangle. Please see the attachment.
To me weekly does not indicate a move just yet, but on the daily chart it takes very little to prove the long is wrong while it may take a lot more to do that for the short side. Just my 2c.
To me weekly does not indicate a move just yet, but on the daily chart it takes very little to prove the long is wrong while it may take a lot more to do that for the short side. Just my 2c.
Just keep in mind that indicators are lagging tools. It is the price that leads and makes profits. Once price moves up on a weekly chart, then the indicator will follow.
Da Bonds.
Poisded for a Bounce at the bottom of the channel or is it a drop below?
DRT
Poisded for a Bounce at the bottom of the channel or is it a drop below?
DRT