EUR/USD 200pip+ move

Discussion in 'Forex' started by uninvited_guest, Oct 6, 2005.

  1. actually, Cab, yen's been pissing me off.

    I'd love to buy it against the USD but it fckin EATS me with interest.

    I can't take it!

    I've closed 17 profitable skalp trades shorting USD/YEN in Oct., and you know what??

    I've broken EVEN due to the INTEREST I'm being pounded with.

    right now I am capped out on maximum amount of positions I can even tolerate on shorting that pair, with an average of 112.07.

    which is fine... as USD/JPY is bound to tumble down again - I'm thinking TP in the 109s.

    but you know what? I may end up having to burn off positions due to the interest I'm paying.

    Imagine not even being able to keep a position open because of the interest you're being socked with!

    I'm in the hole 6% in that account. and the whole 6% may end up going up in smoke... due to interest!

    so, and I really don't like to do this because USD is so wobbly, the only other direction that could make sense is shorting yen against the USD.

    I already have some positions open in that direction just pissing on me. But at least I am not paying interest on top of it.

    I got 3 more positions allotted for my long USD/JPY trade - after that, the trade is dead in the water - I'd have to wait probably to the 108s before I get the next entry signal.

    I don't need to take a kamikaze yen trade - the Fed's interest rate hikes have been fckin' me. :D

    unreal.

    The Coin

    (I just wish I knew who made the $4 EUR/USD bets with me.)
     
    #11     Oct 7, 2005
  2. I agree. Though we may pop up some more first.

    You know what the economists' expectation numbers are?

    *sKaLpZ is too lazy to click his mouse to google "NFP."*
     
    #12     Oct 7, 2005
  3. I agree with this too.

    the numbers will be a fizzle and the pair will just be blehky till close.
     
    #13     Oct 7, 2005
  4. Damnit, Skalpz, I was hoping you'd shoot
    my suggestion down... But yeah, it's what
    I've learned to expect.

    I guess we should expect a fraction of
    the expected...
     
    #14     Oct 7, 2005
  5.  
    #15     Oct 7, 2005
  6. wouch you toulkin about!!!!!!!4:1 hummm well i remember
    market went 200 pips down before comin up the 165 and not 200 as ZS has hoped..so ...ok bet 8:1 goin up from here to 1.25/
    are you ON


    ZC
     
    #16     Oct 7, 2005
  7. EURUSD 1.2225 1.2070
    USDJPY 114.0363 112.7377
    GBPUSD 1.7895 1.7679
    USDCHF 1.2814 1.2633

    day trade levels
     
    #17     Oct 7, 2005
  8. consomme

    consomme

    If you can't beat the interest, that's pretty pathetic for a trader.
     
    #18     Oct 7, 2005
  9. To beat interest TRADE FUTURES. Enjoy the tax advantages too.
    No dealers.
     
    #19     Oct 7, 2005
  10. well... we were right! :D

    "The U.S. economy shed 35,000 jobs in September, fewer than feared."

    ts
     
    #20     Oct 7, 2005