Forum > View Topic
by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30753
Forum Topic:

EUR

Discuss EUR in this thread
 
forextrader
vologda, Russia
Posts: 127
11 years ago
Jan 25, 2011 2:21
Short Eur/Gpb now, stop loss at 86.10 target 81.8,. Risk rewarding 1:5.
You can also play it safe by putting stop loss above the previous daily 85.65
DaveO
UK
Posted Anonymously
11 years ago
Jan 25, 2011 2:04
Ignore, your read much as I interpreted for 4hr model with an eye on the 1hr for discretionay judgement area. The first long I took on my own system was above your 2960 entry @ 2998. Rode that with 3 units and exit last at 3320. Then re-enter at 3410 x3. Took half off at 3600 and riding the remainder. Been playing gbpusd and euraud similarly, gold, CL and ES intra day. I am not in the business of hedging pairs as you mentioned, not enough forex experience for that yet !

This forum seems to be coming alive :-)
catnip
Frankfurt, Germany
Posted Anonymously
11 years ago
Jan 24, 2011 21:55
USDx target 77- 76.7 hasn't changed ...but EURCHF still bearish , I will hold the rest of long fx pos overnight still going for eurusd 13750 BUT as inflation fears wane AND if S&P peaks the target is questionable
Ignore
Negril, Jamaica
Posted Anonymously
11 years ago
Jan 24, 2011 21:26
Dave..yes the 4 candle came close to stopping the trade there but, still had some "gambling"
left for the long and did not have to use it because the 4 hr did not stop it and the 1 hr. kept its level on 21sam well enuff.
those close calls are something, but I could have stopped out waited, entered later, lost a few pips and spread...no biggie..as long as 1 hr and 4 on same page "I'll be there"
also going with the weekly trend now magnetic pull :)

whatcha trading?


Ignore
Negril, Jamaica
Posted Anonymously
11 years ago
Jan 24, 2011 21:15
I have pair traded these pairs with a very high trade scenario percentage profit..
occasionally the inv/dir proportion will turn and can produce a two way loss..maybe 10% of the time..
but also it will turn and produce a two way profit on both 10% of the time, both unprdeict..so not to worry but you have to be in the market to capture all scenarios, of course, bu all the time to capture all scenarios, of course. Lately,
correlations have been unpredictable, with bankwoys doin their thing, etc..

so there are many rules of thumb and ratios of the weight of each side depending on this and that..

when I commit to decent size say starting at 8-13
lots per side then utilize a pair system to minimize risk, which it does very well..
it bigger accounts less ror %,,becasue of the validity of hedging at these levels..(flat tail I think the call it in portfolio managment) so my momentum method can alert to exhaut and turn areas whoch is what it is about + risk managment..


Putko Mafani
Cape Town, South Africa
Posted Anonymously
11 years ago
Jan 24, 2011 20:45
Ignore, your usdchf hedge idea is a nice one cause usdchf is at 61.8% fib of the latest move off the bottom and eurusd still has some room for extension of the uptrend. GL
P.S. long eurusd and long usdchf is in fact long eurchf which on its hand is sitting above some minor support levels.
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Jan 24, 2011 19:53
Lisa, you must be pleased with your exit at 3680 for the time being, can always re-enter around that level again.

Ignore, I follow your comments. I thought the consolidation on the 4hr last thurs might have been challenging.
Ignore
Negril, Jamaica
Posted Anonymously
11 years ago
Jan 24, 2011 19:26
yo frm mbrs u cn com bk now

no drug testing!!
Ignore
Negril, Jamaica
Posted Anonymously
11 years ago
Jan 24, 2011 17:43
http://www.youtube.com/watch?v=X5ouOa9k0gE

we go now..
Ignore
Negril, Jamaica
Posted Anonymously
11 years ago
Jan 24, 2011 17:10
Lisa..yes, I knew your thinking..stay disciplined..don't know how many times I deviated from my model on instinct and paid for it.
Just for thought, when bigger moves are occuring at this point I would buy Usd/chf against postition and let it ride clsose and add to long euro.usd..comprendo