How to trade the EUR now

you gotta pick a direction, how else can you make money trading spot fx unless the pair moves your way as expected without hitting your stop first.

 

no kidding, how does Soros always know what is going to happen? That was a nice trade in AUD last night.

because I think everything has to even out

so yes, it's just reversion to mean

with some kind of idea to look for opportunities on extremes

but when it trends, it trends harder and longer than any but Soros ever planned for

 

lol who even knows if it was true, but would be even nicer if he's getting long aussie right now.

 

hard to know about that guy

one time I was interested in a stock, and I read in Barrons (not an article just in the 15c filings) he had filed, so that was enough to push me to buy it

and sure as shit, in about 6 months it got bought out at about a 30% profit to me

 

EurUsd cannot be traded until it comes out of the range 1.29 to 1.32. My favorite cross on Aud at the moment is the short AudJpy.

 

well, it can certainly be traded, but not neccesarily traded profitably

 

EUR/USD looks like it wants higher...

same with UJ and cross/jpy pairs... risk.

 

another big losing day

short an average position from 3125

will sell some more at 3198

will sell some more on a stop at 3147

if I ever get out of this trade alive I never want to see another euro as long as I live

 

Damn! In Montreal all day and completely missed that move. Sadly, my long order at 1.306 never got hit.

 

Too little volatility and too many false signals, I’m looking for better moments.