A Lot More Directional

Discussion in 'Forex' started by oldtime, Dec 25, 2012.

  1. I go through times where everything I touch turns to mud

    man, I learned my lesson

    got short the dollar like every good cnbc watcher and made some money

    then I noticed Jan 1 2013 something was happening. Looked like fiscal cliff deal anticipation short covering so I got long and made some money

    Then I figured the move was overdone and got short again

    Then I realized I had been trapped by fomc

    never again wil I get directional

    I'm

    long aud.usd
    short eur.usd
    long gbp.usd
    long usd.cad

    that makes me

    long aud.cad
    long gbp.cad
    short eur.aud
    short eur.gbp

    and there I'll stay, doing my normal thing, adding and occasionally subtracting

    at first it was a really big deal, hitting a new account high. Now I realize, that's just my normal job, and I'm supposed to do that every month.
     
    #11     Jan 4, 2013
  2. Euro.. i covered in the 1.30225 area last night for most.. kept my short puts.. it was agood call on my part
     
    #12     Jan 4, 2013
  3. ok, well that's good as long as you stay young

    I sold some more on the way down

    thereby lowering my average price

    so now that makes me short from 3059

    what a convoluted mess this whole trade has been
    ]
    and 2013 started out so good

    if I ever get out of this trade alive, I'm just going to go raise chickens

    getting a little relief from that long aud.usd, that's a hard one, because I know they need to go down so bad. I'll be buying all the way down.

    Sooner or later, someone is going to have to pay the piper. And if I don't run out of money first, I'll be collecting the tab.
     
    #13     Jan 4, 2013
  4. Chickens!! Ha.. I wanna try to sell only on good retracements up.
     
    #14     Jan 4, 2013