Thread: Closed: Discuss EUR/USD News with a DailyFX Analyst

Originally Posted by bill2759

Courage My fellow Shorters.
As General MacArthur said, "I shall return!" I already nailed down some Pips this morning. I'm willing to put that Profit at risk to see it come back to 1.3350. Oh! Did I mention I got in again at 1.3405 Bazing-ga!!!!

I just went through Batan bill... I'm waiting for it to turn around as well, when its a nice strong down I'll enter. WOn't profit as much, but I don't have much risk appetite right now after last night :P.

Jmyrm

Originally Posted by analyzer

i take 1 pip profit all the time. once you are IN a trade objectivity is lost and your mind biased to a direction, become emotionally attached / married to a position. once you are out, you can more clearly SEE the market and less emotional about direction.

what does one trade matter when there are thousands of more trades to be made. your state of mind is far more important than an outcome of one trade. so take 1 pip profit, get out, clear your mind, trade objectively and with little bias as possible.

You should never be married to a position and the direction/trend of the market is more important than anything. The trend is your friend. A 1 pip take profit would never be profitable in the long run unless you're going in at 200 dollars per pip but will put you down automatically on spread at which point can shoot against you quickly. There is nothing more profitable than price action and just following the trend and support and resistance. The basics without indicators is the name of the game.

I think seeking aid from IMF is good for EURO area...

IMF have reputation of making the country worst off in general, but this will punish those who break the rule. Also it is easy for EURO area to solve small country like greece, what if this is Italy and Spain (or even France and Germany in the future) which will be much difficult to solve without external help. Therefore it is better to set a standard rule that can apply to everyone instead of temporary greece problem.

In the long run government within the region will be more serious about their fiscal deficit, which in turn will reduce similar problem happening in the future.


I understand most people will disagree with me here, but please let me know what you all think...

Thanks

shorted ath 1.3415 with a small SL and a low risk, looking to make a few pips today

shorted at 1.3415 with a small SL and a low risk, looking to make a few pips today

Originally Posted by FXspeculator

I think seeking aid from IMF is good for EURO area...

IMF have reputation of making the country worst off in general, but this will punish those who break the rule. Also it is easy for EURO area to solve small country like greece, what if this is Italy and Spain (or even France and Germany in the future) which will be much difficult to solve without external help. Therefore it is better to set a standard rule that can apply to everyone instead of temporary greece problem.

In the long run government within the region will be more serious about their fiscal deficit, which in turn will reduce similar problem happening in the future.


I understand most people will disagree with me here, but please let me know what you all think...

Thanks

I think the EU officials from Germany and France wanted to find a balance between giving assistance to EU countries in need and having them turn to the IMF which often stigmatizes countries as being third world poverty zones. It seems like a pretty good solution, although there is no real solution to the problems facing the EU they just have to deal with hard economic times.

So this broke the resistance line on hourly does that mean it should keep going up or should i just focus on the daily trends as far as that goes? Thanks for the info.

although it looks like the euro is making an attempt at a temporary reversal the risk-on trade was worked when the vix spikes low . I would go long usd and jpy here

This is my outlook on E/J

Originally Posted by andresgc67

Good morning!

I didn´t had any order triggered, so i´ll wait for a retest at 1.3400 to go short. Something tells me that will happen when New York closes

What is that something ?
Thanks

Originally Posted by shicoooo

by the way thomas
one of the benifits of this forum in addition of acknowledge we can get
it decreases the tension of the trade
i dont know how?
but i dont ve the same tension with my trades right now though i m still losing hehheheh may be becoz i m still on the same side of the trend!!!!

agreed. as long as still with trend can always hold position and add on till it turn back down provided u have the capital and can take draw down.
the way i see it is it is some sort of system selling/buy where one sell and adds on once the action is going your way. probably only work if you are with the larger trend. just my 2cents

I shorted at 13417 and close dit out at 13397


I still maintain not to go short for longterm yet today as its very choppy plus lots of city traders are selling there profits which has also aided in the rise today(friday) the person that oly made 1 pip today is still someone that made a profit right !!

Originally Posted by dhan1163

What is that something ?
Thanks

The past...

Take a look at the week: Jan18 to Jan 25 when price broke support arround 1.4250. Similar situation here. Maybe a little changes, but very similar in general terms.

Originally Posted by cw1

I shorted at 13417 and close dit out at 13397


I still maintain not to go short for longterm yet today as its very choppy plus lots of city traders are selling there profits which has also aided in the rise today(friday)

the person that oly made 1 pip today is still someone that made a profit right !!

If you really wanna call that a profit. Its like cashing in only 12 pips on a 1200 pip E/U drop....lol

Got out of my shorts at 1.3395, couldn't handle the pressure. Now thinking about getting back in if it makes to 1.3410. Oh, looks like it's there now. Gotta go.

Update: on second thought, it IS Friday, and I just checked the 4H chart and it looks like the Euro might be pulled higher toward the 61.8 Fib at 1.3490. Don't think it'll make it that far, but 1.345 is a possibility. I got my daily pips today so I'll sit on the side unless an obviously good deal comes my way.