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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:

EUR

Discuss EUR in this thread
 
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DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jun 1, 2011 14:43
Yeah and I always look for positive risk reward ratio, preferably 1:3 or more. I won't take an entry if it means a wide stop to fullfill logic.
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Jun 1, 2011 14:35
ie. reasonable win/loose ratio based stops.. anything can happen within 1000pips:-)
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Jun 1, 2011 14:29
actually worry about Ash making these big trading calls for novices potentially without any money/trade management skills.. eg. cadjpy was a very dangerous trade:-( most trades with stops don't meet static targets anyway unless they are 10pips away and trending markets..
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jun 1, 2011 14:25
jacek, Yeah I welcome diverse views so long as they are qualified with appropriate information. Otherwise I get all up tight :-)
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jun 1, 2011 14:23
givemethebill. Thanks for your explanation. Makes all the difference to know what lies behind a call. Fundamentals are all very well for short term bias but for longer term the timing is everything for trading imo. Our accounts all have their limitations to cope with irrationality :-) This brings us back to technicals.
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Jun 1, 2011 14:18
sorry Dave.. it might have been my call for diversity of views here.. sure you cat iggy will sort real traders from news paper readers, fundamentalists, conspiracy theorists and astrologers:-)
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jun 1, 2011 14:11
Subs I be short the GU from 1.6500, just reached my first tp at sym 1.6372. Only playing EU with scalps for time being. GL with your trade.
subway90
Posts: 1078
13 years ago
Jun 1, 2011 13:59
current Euro set up likely to fool a lot of traders... :)

giveme..........

if you're a fundamentalist and have a 1000+ pip stops... you may have a good chance...

1 more dip to 3800 level very much in play... but current recovery may take it much higher than many bears think(to a point of confusion they might start to think it's headed to new highs..)

just an advice.... if you want to learn.. take it from dave or sir ignore... NEVER EVER FROM CAT...

good luck!
givemethebill
Japan
Posts: 316
13 years ago
Jun 1, 2011 13:46
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
subway90
Posts: 1078
13 years ago
Jun 1, 2011 13:31
added short @ 4430..
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