EUR/USD - Page 121

Long at 3191. Stops around 180, not sure on the target yet, I'll be watching the price action. 2215-220 would be a medium term target. Have to be out or really profitable by 1am Cst to avoid german unemployment.

sold at 3214 for +23pips. This could just end up range bound into unemployment. But i dunno for sure so im done for the day.

Nice riley...............


I'm short the EU again, but check out my GU. I took half already im about to cover another quarter. Contemplating though, I'm waiting on the equity markets tomorrow want to see what the risk appetite is really looking like, could be a really good position for a fearful market.

Just want to say that I am stoked you guys comment on EUR/USD, I very much find it useful to read your comments. Cheers and happy posting , and happy full moon!

I imagine its nicer sitting on a 200+ pip move.

yeah I'm not breaking it until I see equity markets tomorrow and this form a solid base

to buy thinking there will be a gap up on moday due to do greece bailout or not to buy, that is the question?

Long at 3245, stops around 1.3230.

Pulled the stop. I gotta see these candles hourly closes first.

Im thinking about going long too but the chart set up just isnt there for me right now. It seems to be just bouncing around with no pattern so ill try to sit on my hands until something shows up

I had this typed up but i just want to post it still anyways for my own reference. I closed to cut the loss at 233. Now 236bid, which is pretty frustrating. Either way im walking away. I've broke rules today and yesterday and have been taking un-necessary risk so im done for the week, basically as punishment and possible preservation of myself. I know i have a edge now, i just have to keep it from getting me too confident or careless.

Thats good your taking a break. One of my rules is if I make 2 losing trades in a row I take at least one day off just so can relax and dont do the "double or nothing" kind of trades that are what blew up my first account. Its amazing how when you really follow your rules you are much more successful. I have done it many times when I wanted one price but gave in and bought 10pips early like you said you did. If you were here I would buy ya a beer to relax

Some of you may find this useful. May 2nd is a date to keep an eye on, it is speculated German may write a bailout legislation by then. Additionally, keep an eye on May 7th, where the EU legislation could go to parliament. Additionally, if passed, look for May 10 for it to be signed. Basically May 2nd-10 are hot dates. No one really wants an IMF intervention, and Greece needs something in Germany to happen before May 19 when large repayments on debt are due.

This all comes from the Wall Street Journal. A bailout package will cause a relief rally but I think investors know the troubles ahead and any big rallies will gather shorts.

Thanks, it could be a crazy week. One thing im going to make sure to do is set stops right after I buy. One news story like those could sent it in either direction faster than my finger can click to sell.

I just picked up a small long position and will hold it through the weekend to see if I get get a gap up due to greece talk.

completely brand new to Forex, but taking a chart-based approach to it and playing with Demo money as of 2 hours ago.

That said, Doesn't look like the Euro/Dollar will break the 1.3360. Anyone else think shorting it near there would be a good idea? Or do I have no idea what I'm talking about?

Welcome to the crazy world of forex. My charts havent gone live yet today so ill have to wait for them to open but I might try to get another short.

We broke above the level prior to the downgrade that was on thur or friday so that has me a little concerned but ill keep an eye on it.

on the gap no, and the markt conditions have to be right for the euro to seriously rally on bailout news. i.e. the stock market cant crash or go down because that will hamper eu strength chances. a lot going on here cant type it out

one thing I will say I just missed this gap play (short) b/c I'm on adherol because of exams, adherol makes it hard for me to trade and especially my plays on sunday which all happen in less than 7 minutes. Im a little pissed off over here right now

Bought at 1.33308 for the short term base, I think long term looks like a sure bet to short, but might bounce from here short term.

Oh god, I'm going to become a FOREX addict, I can see it coming... lol.

Up $100 on that call.

Yea I have exams too but instead I was watching TV and missed the down move it dropped like a rock. Ill see if it bounces to get a short position.

edit: just picked up at short at 1.3325