what do you guys make of EUR/USD?

Quote from Ivanovich:

Then, depending on how far it climbs, it hits my stop loss. That's FOREX trading, dude. Sometimes you win, and sometimes you lose. The trick is understanding the flow, not the splash.

But since 1.2265 was the pivot point, and my stop was just above that, I lose 17 or so pips if it breaks the pivot. If it doesn't, like I think it's not going to, I short it for 30-40 pips or so until it bounces. Which I did about 5 times now.
More...
Well, I can't say that's bad trading structure! :D

However... let's take it to the next level...

In your mind, when does "flow" vs "splash" change?

In other words, will you keep shorting it and having your SL hit? You know, 17-pips every time tends to add up to "losing," no? Being a "losing trader?"

If 1.2250 looks good for a short... and you made money... will not 1.2280 look better? 1.2310 better?? 1.2350 even better???

Prettty soon the euro is zoomng past 1.2800... are you still a short player?

I placed 100s of short trades from Sept to Dec 30th (1,2100s to 1.3665) last year - about 50 of them stuck - the rest eeked out meager profits.

Overall the trade was an (unexpected) 8-month nightmare in which I narrowly escaped getting bagged.

Maybe you're a better trader than me, if so, then you must have a way to more accurately deal with the mischief the "wheuro" (whore) causes.

Its high today is 1.2280. Is that also its "pivot?" What happens if the "pivot" changes and fcks you royally as euro "pivots" (pointing downward) all the way up to 1.40?

adr,

fx
 
Quote from trade-ya1:

I hate to be the odd-ball out. However, I am a strong buyer of EUR here expecting significantly higher EUR prices in the coming few weeks. I may load up on some knock-in options as well to supercharge this trade. I may have been the one writing checks to Ivan, however, I really in it for the year-end bonus. :)
More...
Unlike last time where I almost got killed, this time I am in this with Neil long euro all the way.

In that regard, Neil with his trade size can help make us both money! :)

Although I suspect when we reach the top this year, he may be buying a mansion whereas I may be buying a tint to go camping with.

I may not trade as concentrated size-wise as he does but I will definitely get every pip on the way up this time - year end. :)

Btw, Ivan didn't any checks from me. :D

adr,

fx
 
Quote from Ivanovich:

I only short when it's below the pivot - or the 200 day MA line. After that, I go long.
More...
OK... well, we just hit over 1.2300.

are you now short or long?
 
Forwards to the next chop-chop range! Yippee!! YES, YES, some more money being poured into the account, keep it coming, don't stop!

PS You guys having fun yet? Thanks for donating!

:D :D :D

Sherlock

:cool:
 
Quote from sKaLpZ:

OK... well, we just hit over 1.2300.

are you now short or long?
More...

At the moment, I'm neither as I am being cautious about a false breakout. All my subscription services are warning about EUR's ability to sustain this run. So I'm out. I am, however, long on CAD at 1.1890 as I think this is an absolutely absurd price for CAD given the USD future.
 
Quote from Ivanovich:

At the moment, I'm neither as I am being cautious about a false breakout. All my subscription services are warning about EUR's ability to sustain this run. So I'm out. I am, however, long on CAD at 1.1890 as I think this is an absolutely absurd price for CAD given the USD future.
More...
Another smart move by Ivan.

Who do I make my check out too? :D

CAD - WOW you're right! That sucker is SO low... wtf??

I would trade it, I just can't stomach USD/CAD - if memory serves me, it pays sht for pips, it sucks interest either way you go, it's expensive - it's just an all-around fcked up pair.

Well, good luck with that.

I'm out again for the night guys, ya'll take care.

:D

theskalper
 
You must log in or register to reply here.
Back
Top