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

EUR

Discuss EUR in this thread
 
montmorency
UK
Posted Anonymously
14 years ago
Apr 13, 2010 18:15
@Rrose: At what stage could you have "predicted" Friday's move using Elliot Wave?

Bear in mind that there were plenty of rumours leading up to the weekend and the mood of the market seemed to be bullish on the hope and expectation of an agreement. Some sort of a move up was pretty much telegraphed.

@Shane: I agree about the short term moves and what Ashraf refers to as "Noise". For shorter term stuff and entries and exits I do tend to get a little more technical, although a lot of it is kind of gut feel stuff rather than really technical.
said
mulhouse, France
Posts: 2822
14 years ago
Apr 13, 2010 18:13
rose
1.35 in sight
on cmc chart i have a gap from sunday open at one thirty five
if ur long think getting out
INGbalek
Trencin, Slovakia
Posts: 120
14 years ago
Apr 13, 2010 18:13
and went short audUSD ,92647 at market with sl at ,9300...
eventually trading against todays high...
if not stopped out we could be seeing lower lows lower highs into ,9200 at least
INGbalek
Trencin, Slovakia
Posts: 120
14 years ago
Apr 13, 2010 18:08
@all...
I will join ur discussion about getting out the trades,,,
My driver is: "Never let the profitable trade turn into loss"...
sometimes it is very hard to achieve that, it requires that u need to sit sticked to ur screen to set ur stop to b/e, for example...
When the conditions on the market seem TO ME weird, not convincing me to stay in the trade, i just take the profit, rather than to be heroic and hold it to my trailed stop..Even though news and data and opinions states sthg else(to stay in the trade)...That would be written in the book, to hold it, but it depeneds on everyones style and experiences..
This theme is so wide that its impossible to express jurself ust in one submission..
said
mulhouse, France
Posts: 2822
14 years ago
Apr 13, 2010 18:02
still some great upside on ausiie and gold in aussi is not gonna be hit right now
we still ahve momentum in the aussie economy.
they ir move has never been misinterpreted by the market or they have shot a bullet in their feet.
i wont opt for the second
rrose
United States
Posted Anonymously
14 years ago
Apr 13, 2010 17:53
my best advice for getting out of a trade is if you are in a trade say eur/usd you take profit at 13690 then you want to get back in don't get back in wait an hour it will usually fall back much more and you will get a better entry
Shane
Lahore, Pakistan
Posts: 209
14 years ago
Apr 13, 2010 17:41
rrose
agreed, this is a good way here is one of my examples. I went short cable four times for 1.48 every time it was capped at 1.5150. Trailing profits just gave me some peanuts to be content and i am very happy for that , but in reality i missed out a lot of profit. What actually happens is that we loose lot of hard earned profits once we get a bit greedy specially in relation with the present chop in the market.
Shane
Lahore, Pakistan
Posts: 209
14 years ago
Apr 13, 2010 17:36
By the way i never missed that move i went short on sterling as its hard to capture both ends of the move so atleast i did capture one end. could not have the guts to short euro at that time just inexperience maybe.
rrose
United States
Posted Anonymously
14 years ago
Apr 13, 2010 17:36
i desagree with that approach better to trail stop limits to protect profit then move in and out
Shane
Lahore, Pakistan
Posts: 209
14 years ago
Apr 13, 2010 17:33
montmorency
Agreed but just a 140 pip max in eurusd other currency pairs had much less and they are even below the gaps now. So what if we loose one big move when we can have ten small moves to make it up for that. Seriously i am not suggesting that we should forget fundamentals all i am suggesting is giving it its due weightage in intraday price action.