Daily EUR/USD trades

Discussion in 'Forex' started by romik, Nov 23, 2006.

  1. Buy1Sell2

    Buy1Sell2

    yes--
     
    #321     Dec 11, 2006
  2. Buy1Sell2

    Buy1Sell2

    No --not a strong one. No confirm from RSI. Market is bullish in my view
     
    #322     Dec 11, 2006
  3. Buy1Sell2

    Buy1Sell2

    Stops are being placed inside the reaction highs/lows as I see it from the past few pages. This is ripe for whipsaws. Less is more I think when trading. I would recommend a little more risk to allow the trades to work.
     
    #323     Dec 11, 2006
  4. romik

    romik

    I am trading off 1 min chart B1, not saying your recommendation is not applicable, but I am trying to follow your previous advice of having smaller perhaps consecutive losses and try to ride a winning trade. I find 1 chart does a better job as far as fill levels are concerned, I try and enter very close to next support/resistance levels keeping loss to a minimum. Also, I am not concerned with commission expenditure as there is no commission.
     
    #324     Dec 11, 2006
  5. Buy1Sell2

    Buy1Sell2

    Ok. Aren't you geting whacked on the spread each time though?
     
    #325     Dec 11, 2006
  6. gtholia

    gtholia

    stop moved to 154.37

    ciao

    go eur/jpy...........156 in sight I think on this bounce...at least prior to year end..there's very little in the way..unless the BoJ does something silly like raising rates...
    for the LT players (not tht there are any in this room!) - this is a 6 m long trade...trust me..BoJ realises that they can't raise rates, and the exporters have enough clout to prevent the rate hike at least till end q1 next year...so carry trade has some way to go..in my humble opinion...
     
    #326     Dec 11, 2006
  7. romik

    romik

    Spread is 2 pips, ~5 pip loss x 3 can be easily offset by a potential 30-50 pip gain
     
    #327     Dec 11, 2006
  8. Buy1Sell2

    Buy1Sell2

    Ok. I don't like it, but it's not my money.
     
    #328     Dec 11, 2006
  9. gtholia

    gtholia

    stop moved to 154.47...

    ciao
     
    #329     Dec 11, 2006
  10. Pretty tight stop for such a long term trade there gtholia.

    What gives?
     
    #330     Dec 11, 2006