To Short Or Not To Short

Quote from KS96:

I am fully long (accumulating since yesterday)
at different prices in 1.2273-1.2300.

I am a bit long EUR/GBP also..but doesn't seem to
move..
More...
wow - 75-pt tumble!

what are you doing to survive?? :D

bro, you should know better than to go against... theskalper. :cool:

current = 1.2210.

fx
 
KS96, this much I'll give ya - I think the rate moving much under 1.2300 is a market eff-up.

so, and I am probably jumping the gun here - I'm hitting anything under 1.2200 downward (scaling long) - melting 'em off at 100-pips down below that / then re-entering long.

I think there's profit to be made in the euro from these levels. the money to be lost is with the "trend followers" who are shorting euro/usd from 1.2200 downward - they'll be chewed up.

either way, these trades are tempting fate. :D

what are you doing?

Sam
 
Quote from FXsKaLpEr:

wow - 75-pt tumble!

what are you doing to survive?? :D

bro, you should know better than to go against... theskalper. :cool:

current = 1.2210.

fx
More...

Survive? I use stops you know.
Got out of the whole position at almost breakeven.

cu
 
Quote from KS96:

Survive? I use stops you know.
Got out of the whole position at almost breakeven.

cu
More...
EUR/USD has been a bitch to trade lately.

all I've done is not get in when I should have, and get out too soon when I shouldn't have.

slippery.

skalpz
 
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.
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My daily chart of the EUR/USD is showing that it still hasn't broken the upper trendline.

Will it break the upper trendline or not is the question?
 

Attachments

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....
 

Attachments

Quote from bali_survivor:

picture 2....

Maria
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Maria,

This thread is about the EUR/USD in the Spot Forex market. The chart that I showed was for Forex not the Globex Futures market.

Hope this clears things up.
 
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