Chinook's EUR/USD (E/$)Mumblings

Discussion in 'Forex' started by chinook, Aug 16, 2004.

  1. I missed this part earlier. No, I'm trading spot now. Looks like I got out a little early; current price 1.2165. I'm not sure why, probably because of the time, but I need to see more to get back in long.
     
    #191     Aug 24, 2004
  2. Well I don't know whether to feel like a moron for not shorting or to be pleased that I exited near the top (current price 1.2139) but I guess the bottom line is that I banked some cash which is always a good thing :) Still flat; waiting to see what the rest of the NY open brings & later existing home sales brings.
     
    #192     Aug 24, 2004
  3. Long 35, looking for quick scalp to 40, half the leverage that I had on the earlier trade.
     
    #193     Aug 24, 2004
  4. Well that wasn't quick or pretty but I got 40. btw- Chinook, if you don't want me cluttering up your thread with trades, let me know.

    Cheers
     
    #194     Aug 24, 2004
  5. TraderGuy,

    I just got up. Good job. You almost got at the top.

    Chinook
     
    #195     Aug 24, 2004
  6. TRADERGuy,

    Not at all. Actually this is nice. We can exchange ideas etc...Where are you trading from? I'm in Portland, OR.

    I think we'll see some churning here...Maybe even a test of 1.21.

    Chinook
     
    #196     Aug 24, 2004
  7. krupkinm

    krupkinm

    If you do...you'll see a pretty high probability trade in the euro, to risk 1.2170 for a move to at least the overnight lows...I'm short from 47 looking for 20 and lower...although I try not to do these quick scalps on hourlies, in quiet days like today, a few of them could make some coing...fyi
     
    #197     Aug 24, 2004
  8. krupkinm,

    No I don't trade it . What is that? I just shorted now at 1.2128. It doesn't look very strong now.

    Chinook
     
    #198     Aug 24, 2004
  9. krupkinm

    krupkinm

    euro @ 1.2110
     
    #199     Aug 24, 2004
  10. krupkinm

    krupkinm

    what it is basically is in a strongly trending mkt...(ADX>30), you look for a test/breach of the 20 period exponential avg...in a downtrend(like in euro) we went up to the 20 period avg...you then sell a break of the low of the bar that tested the avg for a test of the lows.
     
    #200     Aug 24, 2004