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Posts by "givemethebill"

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320 Posts Total by "givemethebill":
314 Posts by member
givemethebill
(Japan)
6 Posts by Anonymous "givemethebill":
 
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givemethebill
Japan
Posts: 316
13 years ago
Jun 1, 2011 17:19
In Thread: EUR
@jacek: I think SPX will soon thrives to 1300 if bad US data continues :) let's see if that plays. I also see a 5 wave on a hourly chart. This means we could see a pullback before another leg up in the EUR (after summer maybe)
givemethebill
Japan
Posts: 316
13 years ago
Jun 1, 2011 15:42
In Thread: EUR
@Subway90: don't worry, I don't usually listen to many opinions and I don't have the luxury of 1000 pips.
@Dave: am not crazy enough to let my ego crash my cash. Thank you for your thought. I do take regular profits with multiple entry levels. E.g. I took profit at 1.3990 23rd May - since then no trade until 2 days ago. If Eur goes to 45-4600, I will be in for another short again. I diversify - not solely on derivatives trades. At times 100-300 pips, I will take profit and re-strategise following the trends sometimes PATIENCE is needed. Aren't u shorting EUR/USD at 4500 level ?
givemethebill
Japan
Posts: 316
13 years ago
Jun 1, 2011 13:46
In Thread: EUR
Dave, you are correct. there should be a valid reason why we picked certain numbers. I am not a good trader, honestly but I do trade in fundamentals (for longer term) with a small bit of technical.

At 1.49, most people would agree it would hit 1.50 mid May (that did not happen) It's not easy to point details. I am just looking at it macro perspective. Politically, Germany and other hardworking nation throwing money into this black hole (PIIGS). Do u want your govt to do that to you? Even if it works this time, crisis will be worse off next time. This applies to the USD too. Doesn't take genius to short when it's too high or long when it's too low.

Let me know if you have some trade ideas, I will want to learn new things from you and the rest of the traders in this forum. 1.38 was derived from the daily channel support
givemethebill
Japan
Posts: 316
13 years ago
Jun 1, 2011 11:42
In Thread: EUR
head of the curve is spot on :D I have shorted EUR at 44 level yesterday. EUR foreseeable to 1.38.
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