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Posts by "bigbaby"
48 Posts Total by "bigbaby":
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Posts by Anonymous "bigbaby":
But I am the "bigBaby" with the 2nd "B" in caps.
Hi bigbaby.
I did short 2 lots at 13975. Hoping to tp on one at 13800 and let the other run. Will cut loss at 14135/50.
I dont expect it to cross 14035 today, but who knows when every monday recently has been sell-dollar days.
I will open my big fat mouth and hazard a guess that the move down in the US session today thus far seems to be an impulse move and not a corrective one. It is always very difficult to catch a market turn but my guess is that it starts here. And I say that only because I am short somewhere around here LOL.
Well in the short run anything goes and I wish everyone all the best.
I will hold on to my shorts unless 14135 is hit.
Should I be bothered about rate hikes when it comes to fx price movements, barring short term noise(s) ?
Is there any credible medium term or long term correlation between interest rate hikes and fx trends ?
I am neither pro Euro nor pro Dollar.
I am only pro Money.
P.S: At the risk of encouraging Said's ramblings, I must say that his postings read a lot like those "Webbot" articles. They both are very cryptic and I amuse myself by trying to decipher the hidden meaning in his messages.
As a newbie to forex, personally, I find BOTH fundamental and chart analysis to be difficult. I am almost ALWAYS wrong with whatever analysis I come up with.
But anyways after 3 months of demo trading I have decided to try my hand with an account of $15, 000.00. I am not a full time trader and am glad that I have a day job.
I have decided to enter the market only at around big figure levels in the Euro counter, for eg. 13000, 14000, 15000 etc.,
Since we are at one of these levels now, I will short 2 mini lots of Euro at 13975. I have set my stop loss level at 14135. I hope to take profits, if any, at 13800 for one lot and let the other run. I will go long if I have to at 14100 levels.
I know it is risky to try and fade rising markets, which is the short term case with the Euro now, but hey I am human. But rest assured I will never add to losing positions.
Wish me luck.
P.S: If you do the opposite of what I do I am quite sure you will all make money, ROTF. So I will keep my bunglings posted for everyone to take notice of.