To Short Or Not To Short

Well, our current EUR/USD band seems to be between 1.2230 and 1.2200.

I'd say, if you must trade this pair now, that you make your entries along these levels, either short and/or long - TP somewhere in the middle to outer edges.

fx

current = 1.2216
 
came in from my walk... JUST missed a short - price toddled above 1.2300 (1.2309)... it was JUST falling past 1.2300 again when I sat down! LMAO

skz

1.2268
 
The way things look right now,
it seems that the big rallies are/will-be
in EUR/GBP, EUR/CHF, and EUR/JPY;
especially in the last one.
 
Quote from KS96:

The way things look right now,
it seems that the big rallies are/will-be
in EUR/GBP, EUR/CHF, and EUR/JPY;
especially in the last one.
More...
Just the opposite, brother.

Euro's goin' down.

1.2275
 
Quote from FXsKaLpEr:
Just the opposite, brother.
Euro's goin' down.
1.2275
More...
Read my post again. i didn't say anything about EUR/USD.
Is that all you are thinking about?

EUR/USD isn't the "hot" pair right now. I am flat.

What I am suggesting is:

long EUR
long USD
short GBP
short CHF
short JPY

I only follow those 5 currencies. I leave the choice of pairs to trade in order to do that to you.

Anyone sees anything else?
 
Quote from KS96:

long EUR
long USD
short GBP
short CHF
short JPY

I only follow those 5 currencies. I leave the choice of pairs to trade in order to do that to you.

Anyone sees anything else? [/B]
More...

Position rules! I have been building it
since yesterday, and it keeps going
up and up in Euro terms.
 
Quote from KS96:

Position rules! I have been building it
since yesterday, and it keeps going
up and up in Euro terms.
More...
yes, if done right, position-trading can be an effective method.

glad it's working out for you - keep up the good work! :D
 
Quote from FXsKaLpEr:

Well, our current EUR/USD band seems to be between 1.2230 and 1.2200.

I'd say, if you must trade this pair now, that you make your entries along these levels, either short and/or long - TP somewhere in the middle to outer edges.

fx

current = 1.2216
More...
Does this kid know his bands! :D

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=844254>
 

Attachments

Quote from bali_survivor:

Interesting next few trading sessions coming up. The Eur-USD broke the upwards sloping trendline that was in place since the beginning of July. And it also broke through the resistance level that was in place during July and that was finally broken at the start of August.

Nice place to go short with a tight stop.

M.

edit - sorry I had not attached a pciture and the only way to do it was to delete the post and make a new one....
More...

Hmm... going the way I thought it would.

Still short here...

Maria
 
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