I gave you props dude! but again, nice call... I was waiting for it too, trust me. I just waited until it gave the reversal close, you got a nicer entry, but i said "i think you got something here" as I expected the same. check it out...
whats up OT, yea I took a quick short on usd/cad today @ 9726 - 9685. It really looked like usd/cad and eur/usd may definitely have reversed today so not a bad trade on atticus' part at all I dont think... I was thinking sell the fact, almost ready to pull the trigger on it it was just whipping around too much spread was a bit wide yet. I didnt check the forums though so i didn't see he went for it.
I'm still adding to my short EUR/USD, but starting to take profits from my short USD/CAD. This is exactly how I went completely broke. Closing out winners and adding to losers.
don't go broke oldtime, that's bad news. i doubt asia is going to short risk here and get in the way of this... i would wait until tomorrows US news if it is really positive atleast or next week see whats up. hey i could be wrong. good luck. long ej looks nice...
ah you kids, you make ten trades on both sides for every one I make on one side. The way I see it, everybody wants their currency to be strong And everybody needs their currency to devalue
I dont take 10 trades on both sides for everyone 1 trade you make, must be some other kids you're talking about. I simply stay with the prevailing trend and sentiment as best i can, and if I try and be a hotshot here and there on counter opportunities and lose, i accept the loss and never add in against it. risk/reward defined everytime, and with the trend I let some run till i see fit and add on dips/rallies if it's still moving to the tune. If we are in ranging conditions I try and figure out why it is, and play it until it breaks and back to trend mode I am.
you have no idea how slow I am. They don't even make a chart large enough to trade the trend I am trading. I already told you, except for brief moments of youthful exuberance, I am always short EUR and AUD. But occasionally I like to check in and see what the trend actually is.
always short AUD longer term doesn't make any sense to me, the swap is against you, plus the longer term trend is up.
I hear ya, especially on the carry ok, if the longterm trend is up I'll just hang my head low for a while, it won't be hard to do because if I hadn't already been doing that it would have been chopped off by now.
well I guess it depends on what you define as long term. unless it's the end of the world and risk ccy's are unwinding fast, im pretty much looking to get long. just look at a daily/weekly chart of aussie dollar.