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

Yet another Raschke grail trade printed...sold euros @ 1.2117 risking 1.2132 for 1.2090 and lwr...risk reward about 1:1, but its a better than 50% success rate...

 

nuked at 32, that may be it for the downside in euro..

 

I didn't cover my short at the bottom of the triangle waiting for 2 more pips and also got nuked at the top. I might get long around 1.2125.

Chinook

I got long at 1.2021

 

Euro wants to go up but GBP down. Kind of ugly short term pattern here. Got stopped out again!

Chinook

 

think we may be playing in nothing but noise in the euro...

 

Maybe. But it looks like there is a nice higher low trend. The high side is ugly/random. I got long again and stopped out.

The low trend seems to be broken.

Chinook

 

Were you able to re-short? I'm trying catch the falling knife. My hands are bleeding!!!

Chinook

 

from a risk/reward view, my tgt was 1.2080...I'd have to risk above 1.2140 ...and we've had no bounce since we broke back down off the highs...there'll be other trades...but I wouldn't play the long side, and selling in the hole is scary...again, there will be other trades.

 

I see...I bled enough on the long side and switched to short.

Maybe this thing will hurl into 1.2 today.

Chinook