EUR/USD - Page 123

Thanks!

You said breaking the habits of stocks, I guess you meant is how you traded stocks, nevermind

Long at 1.3235. Stops 1.3215 and Looking for 2260-280.

Didnt let my stop hit. Moved it to 3211bid. Going to bed. Risking a little to much but seems worth it.

Long at 1.32250

Out at 1.32303

went short at 1.3225 and covered at 1.3184

I have an exam in an hour and still havent opened my book! Instead im trading I wish I could pay him for a good grade

think you may be interested in this article...

http://www.marketskeptics.com/2010/0...confirmed.html

expanding further

http://globalresearch.ca/index.php?context=va&aid=18944

now im pro america, tbh my honest opinion has been that people are trying to destroy our montery system which, currently has been hi-jacked by a corrupt gang of individuals.

nevertheless - this is imo a crystal ball view into the future of where the dollar stands. We have everyone in a debt pyrmid that will destroy humanity - unless we as people pick up the slack.

Word is that the gold being shorted is being used to prop the dollar - this is obvious - i have followed and documented this for the last few years right before the collapse of Lehman (controlled demolition to kick this off).

The USA is now bailing Greece out, which is only natural because if Greece collapses, then The dollar will ignite (because of currency swaps) causing rampant inflation all over the world.

The lines being drawn and a currency war appears to be hovering along the horizon.

China has decided to allow the yuan to appreciate vs the dollar - Europe is up to her eyes in debt - America herself may be up to her neck in debt - but our technology is unparalleled - wait until you see our 'Drone Wars'...

I think many will perform and allow the banking system to unleash its carnage (because economic warfare comes first) - all nations are heading towards the lovely 20% unemployment line with rising food costs, rising interest rates, and a war right under the tail end of russia and china.

Our recent arms sales to taiwan paints the picture clearly of where things are heading. Big time war in southeast asia.

http://www.washingtonpost.com/wp-dyn...012904113.html

anyhow - glta

Dude, this is also my terrible habit...Classes seem ridiculous, a silly rat race...

So I try not to skip class too often to trade.

Luckily i have an iphone. I'll go to class and not pay a bit of attention.

Got stopped out on the earlier position at 1.3210 and re-entered long and lighter at 1.3180.

Im surprised we haven't seen strength given how green the U.S. equities are.

Anyone noticing a break of correlation between EUR strength (or USD weakness) and equities strength/weakness?

I'm not saying it's absolutely broken but the correlation of EUR/USD going up while equities are going up, seems noticeably weaker than say six months ago, a year ago, etc.

I noticed that about a month ago too. They just said on CNBC how the US markets are losing their correlation between foreign markets as well. It still makes me believe the US markets are smoking crack

It's not a perfect 1:1 but the US market and the USD/JPY have sort of been in correlation since the stock/EUR trade broke down.

The other pairs seem to work ok, but the euro itself is just tanking with all of the problems they are having.

Just wanted to say i close my position earlier. I need to re-evaluate some things... Today was/is still pretty ugly. Made a lot of impulse decisions. I might take a break and paper trade a little till i figure out how to stop taking set-ups before real conformation, that seems too be one thing thats killing me. That and shooting beyond my proven consistent profit target has got me going on a losing streak.

Time to re-re-read the Trade Plan 101 thread...
http://www.hotstockmarket.com/forums...t=43086&page=3

You could also try experimenting with validation points--areas like a Pivot or Fibonacci...or other level in price away from your entry, or even an area in an indicator/level, that help confirm to you your thought on the plan will continue...

While it may be discouraging from today--use that to your advantage. A good trader can take a disadvantage and learn from it and turn it to their advantage somehow--in this case a lesson learned. For what you can learn from yourself and your actions--that goes back to learning discipline...and trying to maintain a discipline... if you impulse bought and sold--ask yourself WHY.. In a Trade Plan you HAVE to have the answers for why you take a trade--real reasons beyond a simple "Cuz I'm bored and I wanna trade.." or other excuse you give yourself to execute a trade you are not confident in....that can help curb your impulses..



-w

The "cuz im bored" trade is what killed me. Luckly im a cat on my 3rd life and I have not done a "cuz im bored" trade on the new account and it has paid off big time. I tried to break the habit by writing down the reason im making the trade, SL, and target right when i excecute the trade. GL nothing wrong with taking a few days off

Still short AUD/USD waiting for a move lower and went short today the USD/CAD.

I think the EUR/USD looks incredibly weak, but it's just trading at this area that is what I like to call "floating." Baseless, and I would like to see a new base formed off of the 1.311 area. Basically I'm comfortable neither to go short or long with this trading at 1.3207 at the moment. The trade here for me was sunday 5pm gap fill which I usually play but as I said earlier I missed it, I would have kept at least a fourth of that trade still open in case THIS happened. And what do ya know??? Oh well, the euro will come together and throw some signals sooner or later.

GL guys

Thats pretty funny because just before I read this I put in a short order for the AUD/USD and was thinking the same thing about the euro. I dont want to trade it because it doesnt have a good set up right now.

However you do a trade plan--that helps you tremendously with discipline to avoid those "impulse" trades.. Unless you have a trading buddy to check your trades thru--the trade plan is your next best thing.

Good job Matt--great to hear---By simply writing down reasons for your trade, the SL and the target--you're practicing a good basic trade plan mentality which you can adapt for yourself that will take you far and improve your trading & discipline...




-w