To Short Or Not To Short
- Thread starter FXsKaLpEr
- Start date
not sure exactly what crosses you are in but I suspect if you do not have stop loss in you will have less profit than from Friday close
GOOD LUCK
-Position rules! I have been building it
since yesterday, and it keeps going
up and up in Euro terms.-
long EUR
long USD
short GBP
short CHF
short JPY
GOOD LUCK
-Position rules! I have been building it
since yesterday, and it keeps going
up and up in Euro terms.-
long EUR
long USD
short GBP
short CHF
short JPY
Quote from SethArb:
nice to see the "good gals win" too ~
Thanks. Just closed the trade @ 1.2105. (cash market - we use the futures data and trade the cash
) No need to be too greedy, waiting for a new opportunity now.Maria
nice trade
futures volume sometimes is as good indication
as any to us little guys as to what large buys and sells hit the FX tape ...
... by the way ... you were short EUR into the weekend?
gosh ... was it going your way late friday ?
I would have been nervous to have a position on in front of a news item weekend
-Thanks. Just closed the trade @ 1.2105. (cash market - we use the futures data and trade the cash-
futures volume sometimes is as good indication
as any to us little guys as to what large buys and sells hit the FX tape ...
... by the way ... you were short EUR into the weekend?
gosh ... was it going your way late friday ?
I would have been nervous to have a position on in front of a news item weekend
-Thanks. Just closed the trade @ 1.2105. (cash market - we use the futures data and trade the cash-
Went short early after the start of the Globex session on thursday evening when the price hit the upper band of the downwards channel. There was also an election in New Zealand and that one also shaped up to be a cliffhanger, much like the German election. We were expecting a similar outcome in both cases as the last US election where in all cases the candidates are trying to appease the public. This means that their campaigns focus much on the same issues and that in turn results in evenly spread voting
. This results ofcourse in about the worst possible outcome. We also belief that the market is fundamentally weak seeing the lack of enthusiasm for the Euro to get stronger and the enthusiasm for the USD to keep on rising. When one plays the longer swings then a gap is not too worrisome. Dad experienced same when Sept 11 happened (he was in a Jap Yen - USD trade at the time). We know that there are moments that governments want to "punish" the speculators (like with the Jap Yen) but these things normally announce themselves and that is what one has "crash stops" for. Maria
Quote from SethArb:
not sure exactly what crosses you are in but I suspect if you do not have stop loss in you will have less profit than from Friday close
GOOD LUCK
-Position rules! I have been building it
since yesterday, and it keeps going
up and up in Euro terms.-
long EUR
long USD
short GBP
short CHF
short JPY
A couple of legs of this position hit the stops.
Overally, I am still plus though.