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

Originally Posted by CodyB

on any trade you take, win or lose, journal it and go back to it later but once you close out that trade, its done, its over so never second guess yourself right then, move on to the next trade or you will let emotions into your trading and thats not a good thing. Even if the bottom drops out, oh well, cant change anything now so move on.

But I was hoping that looking back on the losers would eventually teach me how to see the signs in advance. Instead I seem to be getting worse and worse. Maintaining a consistently short position in a strong bear market, and still managing to lose money almost every day, is a very special level of skill.

Originally Posted by CodyB

something that I do for myself is when I have a losing trade, I move to another pair to keep me from second guessing myself.

I do that too. Switched to USD/CAD when I closed out euro shorts. Made a quick 13 pips, a little later tried it again but couldn't get more than 3 pips, then guessed bad and lost 18 for another - on the day. Should have left well enough alone.

Hello traders. Hope you were able to grab some pips today.

The room is a little quiet so I thought I would ask:

What are you Trading Right Now?

i've re-arranged my AB=CD's and my abc and i think we are heading down to 12340ish before a bounce to 12600ish

Originally Posted by Gregory McLeod

Hello traders. Hope you were able to grab some pips today.

The room is a little quiet so I thought I would ask:

What are you Trading Right Now?

short the aussie - target 9670

Originally Posted by biggari

i've re-arranged my AB=CD's and my abc and i think we are heading down to 12340ish before a bounce to 12600ish

Biggari it looks like we could get a flushing out of the weak long holders for that move upward. A little A-B rally in the 10-year before a precipitous drop in price and rise in yields to go hand in hand with a Euro rally.

What just Caused the sudden spike in Euro?

Originally Posted by Gregory McLeod

Hello traders. Hope you were able to grab some pips today.

The room is a little quiet so I thought I would ask:

What are you Trading Right Now?

Dear Gregory,

Im longing nzdjpy for tp 25 pips.
But I am not very sure about this trade.
If it will not end up in profit, that would be the first loss trade my system calculated and I would be disappointed
I´ve been building this simple system for a few months now and have been testing it in last 30 days..
Of course I made some bad trades.. but always because of MY mistake.. not the system´s.
I know there simply is NOT 100% trading system... But I hope mine is like 99 lol
So wish me the luck! and im wishin the luck to all of u hardworkin guys!!

EDIT: THE TRADE seems to be workin out!!! )

BTW The BACTERIA I laughed at first .. seems to be working as well LOL WE GOT SOME BIOHAZARD OVER HERE""!" DD

Originally Posted by Gregory McLeod

Evening Star Bearish Reversal Pattern
on US 10-Year Treasury Could Mean Higher Euro, Cable, Aussie, etc.

As the the risk appetite currencies have been selling off, investors have been fleeing to the perceived safety of the US 10 year Treasury sending yields down to historic lows. The price, as indicated in the attached chart has risen as the yield has fallen. However, we can clearly see a bearish Japanese candlestick pattern called an Evening Star on the daily US 10-year Treasury price chart that should get Euro bulls and other risk appetiters excited.

Because of the inverse correlation, as we see the price of the 10 year bond fall while yields rise, we could see the Euro, Aussie, Cable and Kiwi rise. In addition, we could see the dollar and yen fall.

I'd like Franosh's opinion as he is hour resident 'Bondmeister', as well as anyone else that would like to chime in on this one

Oh dear, I am afraid you've picked the wrong 'meister', Greg. My view is just about as valid as any other random guy's opinions. 10-yr futures looks a bit different but doesn't bode well either. On 30-yr, depending on your quote and contracts, it's possible that it's reached a channel top plus fib resistance on monthly. There might be some troubles ahead very soon.

I saw your post on the other board about contrarian views regarding mainstream media. I am of the same view too. Not sure about S&P cash, on futures I have around 1250 as support.



Edit: herewith another quote on 10-yr continuous contract:

Originally Posted by Robert Eckert

But I was hoping that looking back on the losers would eventually teach me how to see the signs in advance. Instead I seem to be getting worse and worse. Maintaining a consistently short position in a strong bear market, and still managing to lose money almost every day, is a very special level of skill.

I do that too. Switched to USD/CAD when I closed out euro shorts. Made a quick 13 pips, a little later tried it again but couldn't get more than 3 pips, then guessed bad and lost 18 for another - on the day. Should have left well enough alone.

Robert, I started with a 50,000 demo account. I turned it into 75,000 in no time. So I knew I had this down. I went to a 5000 real acount. In a matter of months I had 1000 dollars left. I was trading on the 30 min, and 5min chart. I was determined to get this right. I read anything, and everything I could find about charts, and money management. I learned that you use the 30, and 5 min TF for an entry. I picked up a book on EW. I don't completely understand it. But it has helped my trading. I now look at long term trend lines. Five wave movements. Three wave corrections or 5 wave corrections. I look at it has business. So I limit my risk to keep the business open.


I got my 4 thousand dollars back. But I didn't try to do it overnight. Sometimes I walked away for 2 or 3 days to get a break. I still consider myself a rookie, with a lot to learn. I feel you can be a great trader. There is alot of info available about charts, chart patterns, indicators. You have to find your style. I prefer long term with the right entry, for others its scalping. You can do it! I get the idea from your posts that you "go big time", or all in. That may be a Las Vegas style. You won't be around to trade tomorrow. If i am wrong about the Vegas style I am sorry.

Time to go short ? most probably

someone must have broken wind - great excuse - WHIPSAW

Originally Posted by Gregory McLeod

Hello traders. Hope you were able to grab some pips today.

The room is a little quiet so I thought I would ask:

What are you Trading Right Now?

Long eur/jpy @ 97.475

Closed to secure gained pips.
GL to all!

Originally Posted by Allan Tuscany

Dear Gregory,



BTW The BACTERIA I laughed at first .. seems to be working as well LOL WE GOT SOME BIOHAZARD OVER HERE""!" DD

Its ROCKING LoL

Originally Posted by Gregory McLeod

What just Caused the sudden spike in Euro?

Unconfirmed rumors of a German Newspaper story helps EUR
Story on DJ hints at compromise EFSF credit line for Madrid

Originally Posted by Gregory McLeod

What just Caused the sudden spike in Euro?

was there any good news from G7?
The euro might be hard to trade today - choppy with swings in either direction until we hear from the ECB tomorrow. I am inclined to think Mr. Draghi will acknowledge the recession the EU is facing and possibly take action or signal rate cuts to come