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

EUR

Discuss EUR in this thread
 
Shane
Lahore, Pakistan
Posts: 209
13 years ago
Jan 16, 2011 12:57
Position Trading

Pros:
- The most forgiving type of trading - small mistakes are more easily absorbed in market movement and the size of your eventual profit.
- The easiest to learn. It is estimated that up to 25% of position traders learn to become profitable.
- Less stressful than intraday or swing trading.
- Easier to become successful with smaller startup capital.
- Much easier to predict the market as in general you will be following the overall trend.
- In general position trading is the most profitable.
- Less time consuming than day trading.

Cons:
- Compounding has a lot less effect on profit than both intraday and swing trading.
- Because positions can be highly leveraged and trades remain open for extended periods of time, unable to reap consistent benefits of interest.
- There is inherent risk in keeping positions open over night. It is quite possible for drastic changes to occur in the market while you sleep.
- Money can be tied up for an extended period of time. This can prevent entry into new positions as they arise.
- Because of the length of time involved in position trading, traders can experience significant drawdown with the expectation that it will turn around and start trending back in the desired direction. Psychologically this can have a very negative effect.
Callum
Singapore, Singapore
Posts: 179
13 years ago
Jan 16, 2011 12:18
GS is now calling EURUSD with initial target of 1.37. This might just be opportunity to play reverse psychology. As always, timing is going to be key but level wise, I may need to consider putting offers above 1.35 for the ultimate 1.27, ie, 700 pip target. Let's see where Asia open take it.
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Jan 16, 2011 11:24
The commitment has changed more EUR bulls more USD bears . My credo is in the end fundamentals always win. In that respect it is interesting that those Ezone membrs which need bailout must contribute to the facility . Thus to contribute to ESFS Ireland Greece Portugal ...
needs more ESFS money...
huh?
you see a beggar he had not donations today so he drops himself his last possess a nickel
and says ok I made it for the day.

Whatever the reasons are to push EURUSD toward 1,35 - possibly because investors meanwhile hold some 700 bln EUR denominated debt and became nervous - it cannot sustain. Because
the biggest holders of PIIGS debt are Eurozone banks. Possibly this construct was very close to
the innate dominoe effect. Thus a position trader should take the risk to add to short positions
even if eurusd should exceed 1,35 it will pay off big.

Callum
Singapore
Posted Anonymously
13 years ago
Jan 16, 2011 9:11
Last Ashraf's IMT "....A EURUSD close above $1.3420 would practically seal the deal for the case in favour of $1.3750."

Let's see how next week looks for EURUSD. I am guessing Fitch downgrade and China hike is no longer relevant. Given lots of Q4 earnings due next week, this maybe just the excuse needed to further prop this back into 1.34 / 1.35 zone till the last of the weak shorts throw in their towel, before the market heads down to close towards Ashraf's target of 1.29/1.27...

Does anyone else have scenarios for this pair?

Also, does anyone look at ATR on Daily for EURUSD? Any resemblances to Sept period in 2010?
Ignore
United States
Posted Anonymously
13 years ago
Jan 16, 2011 0:26
DaveO friendo..:) I myself have no 'superior' tricks...

catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Jan 15, 2011 18:03
some folks don't understand position trading and swing trading . You can trade both the fundamental trend, and the noise. n the long run, doing the account over some years, swing traders come out with zero profit and position traders make profit. It is only not spectacular
as it takes time. The major difference is position traders are or should be ahead of the curve, swing traders are behind.
Qingyu
manchester, UK
Posts: 1763
13 years ago
Jan 15, 2011 17:37
ctanip was long eur at 1.29 level.
subway90
Posted Anonymously
13 years ago
Jan 15, 2011 17:29
well.... catnip just can't stop his bullshit... :) all noise with no real substance...
according to his original view.. Euro should have been or par or lower than USD by now...
keep talking Catnip! and good luck...
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Jan 15, 2011 12:47
I see it very likely that the trend eur up usd down will reverse next week. The picture has changed as eur shorts and usd long got pulverized now the majority is eur long and usd short.
Another big biz looms for market makers.
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Jan 15, 2011 8:03
my analysis yields the raise of Eur strength and fall of USD is not a market move it is some intervention I see BoJ as the most likely .
Problem chart astrologists always have they trade fx as if it were stock market and that is dead wrong. fx market has "dark sources" stock market has only bulls and bears.