just back home ... very very "glad" to see that my long @1868 have been missed for 4pips, otherwise my short position @1913 has been stopped out @1933. these are the moments in which i would give it up for a while ... but, there is a "but", with today movement something has changed: in this moment, well above 1915, the daily chart is in good shape for a breach of 1.20 level. at the moment the euro has been halted, as usual until now, by the SMA100, but this time it seems to have the necessary strenght to pass through! tomorrow will be a day with a plenty of data to be released. as long as the euro stays above 1890-80 level the upside potential is very high. so my medium term view is gonna change after several weeks, i wish someone could find this thoughts helpful ciao
Just exited my Yen Long at .8655 for profit of 77 pips per contract. Btw, I think ERUO is about to peek short term. I will post my short when I decide to pull the trigger. Regards, Seve
Short Euro ECh6 at 1.1949 with buy stop at 1.2025. Profit potential is 1.1819 give or take Regards, Steve
i went to work 3 hours ago with 3 orders placed. short @1896 with a stop @2016. buy @2016 with a large stop below 1950. the last order was a buy @1893 with a tight stop @1878. the latter it's the only filled and i've had already raised the stop @1887. in few minutes i think that i'll raise it again. i enjoy this healthy test of 1890 but the euro have to manage a return toward 1950 zone, just to mantain the good shape on daily chart. until it'll stay above 1890-00 there would be good chance to break 1.2000 level. however, still a tough environment. sadly day for this thread, everyone off duty today? i think that these are the typical days during which it's possible to build the foundations of a multyday strategy ... ciao
I lowered my buy stop to 1.1946. Locking in 3 pips. Now lets see what happenes in the next few sessions. This is for ECH06 Regards, Steve
I lowered my buy stop to 1.1946. Locking in 3 pips. Now lets see what happenes in the next few sessions. This is for ECH06 Regards, Steve
still long. stop still @1887. i want to attach a 3H chart to take a glance to a coincidence: look at the way the dollar broke the ascendent trend line on january 20th, followed by a pull back before resuming the down trend. the breach has happened after a long period in sideways (around 3 weeks) and a successive upward spike (above 1.23). what is going on these days looks like very similar but in the opposite way and a minor scale (less days sideways and a smaller spike). looking at the moving averages i think the break out of 1.20 is on aim this time: the pull back test, yesterday as in january, has happened while the MA were crossing each other (obviously in opposite directions). i see it as a confirmation of this upward movement. however, i would be able to exit and reverse my position if the ECB disappoint the markets ... ciao