Author Topic: EURUSD  (Read 744 times)

Kim

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Re: EURUSD
« Reply #30 on: October 30, 2019, 05:08:06 PM »
Hello.
Looking purely at  price action,  I thought a drop was likely.
However,  I had forgotten their was a Fed Reserve announcement due today, so it could blow up in my face.
Forecast is for another rate cut today, so glad I have a stop in place.

Hope all works out in the end

Kaitsu

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Re: EURUSD
« Reply #31 on: November 01, 2019, 11:39:14 AM »
I have just shorted this pair @1.112, target of 1.09.
Lets see how this plays out

Are you still in this trade, Eddieb?

eddieb

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Re: EURUSD
« Reply #32 on: November 01, 2019, 11:44:35 AM »
Hi Emerson.
Yep, still in it. Itís not touched my stop or my tp so Iíll leave it for now.
If it crawls into profit ahead of the non farm payroll announcement I might shut it quickly. Itís not a big trade and wonít affect me much one way or the other

Kaitsu

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Re: EURUSD
« Reply #33 on: November 01, 2019, 11:55:13 AM »
Hi Emerson.
Yep, still in it. Itís not touched my stop or my tp so Iíll leave it for now.
If it crawls into profit ahead of the non farm payroll announcement I might shut it quickly. Itís not a big trade and wonít affect me much one way or the other

Thanks, I like to follow the trades that people post here. I haven't traded EU much during October at all, just haven't felt very comfortable with it or the fundamentals.

Good luck with it today!  :)

eddieb

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Re: EURUSD
« Reply #34 on: November 01, 2019, 12:03:20 PM »
I can be too stubborn for my own good sometimes. Itís probably my biggest failing as a trader.

Kaitsu

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Re: EURUSD
« Reply #35 on: November 01, 2019, 12:24:12 PM »
I can be too stubborn for my own good sometimes. Itís probably my biggest failing as a trader.
Probably the best attitude at present in the USD markets.

As I understand it, the Fed was indicating that the economy is currently in good shape and as long as that continues they are in the right place right now regarding interest rates, so not much prospect of further cuts in the foreseeable future. But an increase in rates would only be relevant if inflation were to raise its head, and there is currently no sign of that either.

So most likely, unless the numbers are way different to expectations, we will see the usual initial flurry of activity followed by a settling down into the weekend and a covering of the same price ranges during the next week.

But, on the other hand....!  ;D

eddieb

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Re: EURUSD
« Reply #36 on: November 04, 2019, 06:19:27 PM »
I have just shorted this pair @1.112, target of 1.09.
Lets see how this plays out

Crawling back towards break even. Fingers crossed, I might even get into profit one day 🤞

eddieb

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Re: EURUSD
« Reply #37 on: November 05, 2019, 02:20:56 PM »
I have just shorted this pair @1.112, target of 1.09.
Lets see how this plays out

Finally got some profit locked in. Chillax now and see how low it goes

eddieb

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Re: EURUSD
« Reply #38 on: November 05, 2019, 05:08:55 PM »
I have just shorted this pair @1.112, target of 1.09.
Lets see how this plays out

Finally got some profit locked in. Chillax now and see how low it goes
A bit of resistance at 1.1070. If it breaks this we are looking at 1.1000 possibly.

eddieb

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Re: EURUSD
« Reply #39 on: November 06, 2019, 05:24:30 PM »
Pushing through 1.107 now, here's hoping

eddieb

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Re: EURUSD
« Reply #40 on: November 07, 2019, 02:13:31 PM »
Got taken out by the pre-BoE rate decision swings. Still, managed to bank some reasonable pips so I'll settle for that

Kaitsu

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Re: EURUSD
« Reply #41 on: November 11, 2019, 08:22:16 AM »
My current preference is for the downside looking towards 1.1000. I am in just under 1.3000 (correction edit: 1.1030) and will close it if we break above 1.40 (correction edit: 1.1040) area.
« Last Edit: November 11, 2019, 10:26:21 AM by Emerson »

eddieb

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Re: EURUSD
« Reply #42 on: November 11, 2019, 08:39:20 AM »
My current preference is for the downside looking towards 1.1000. I am in just under 1.3000 and will close it if we break above 1.40 area.

I'll be amazed if we hit 1.40, even in a whipsaw, so I think your money is safe.
. Will you follow price down with a stop, or do wait until it gets to a point you're happy to close at?

I tend to move my stop behind price once I'm in profit.  Its cost me pips many times,  but at least I break even at worst.

Kaitsu

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Re: EURUSD
« Reply #43 on: November 11, 2019, 09:18:04 AM »
My current preference is for the downside looking towards 1.1000. I am in just under 1.3000 and will close it if we break above 1.40 area.

I'll be amazed if we hit 1.40, even in a whipsaw, so I think your money is safe.
. Will you follow price down with a stop, or do wait until it gets to a point you're happy to close at?

I tend to move my stop behind price once I'm in profit.  Its cost me pips many times,  but at least I break even at worst.

Hi Eddieb,
Forget that above post, it is complete junk! Just shows my boredom with trading at present. What I should have said was in at just under 1.1030 and out above 1.1040. It is just a quick punt in order to try and revive my fading interest in markets.  :-\

But in answer to your question, in longer trades I do adjust my stops as trades progress but manually and not automated and dependent on the price action as it unfolds.

In this case, of course, it is just a silly +24/-18 pip punt for the day with no real interest, no conviction, and little chance of success! :D But it forces me to look at the screen now and again and that is its prime objective! 

I shouldn't really be posting anything at all, I think!  ;)

To be honest, this was just a trade recommendation that one broker pumps through from Trading Central (see attachment). I dont normally bother with these except to see how they line up with my own thoughts. It just happened to match my own charts' downside view so I took it just for fun (or out of boredom, I am not sure which!)

« Last Edit: November 11, 2019, 10:32:25 AM by Emerson »

Kaitsu

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Re: EURUSD
« Reply #44 on: November 11, 2019, 12:57:47 PM »
Scratched it at -7 pips. Waste of time!