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

Originally Posted by ssdbsnl

Don't be greedy.. make your arrangements

does that mean your system says price is about to drop but you dont want to commit - incase it doesn't - but can claim you new all along if it does?

Originally Posted by asylum

Hi Stryker

could you please explain how you use your hedging strategy, ive tried it before but always end up losing maybe you can enlighten me, by the way i have learned a ton from your charts and trying to apply them with my trading, thanks a million for the valuable lessons. Regards.

Thnx ...... No probs..
First of all hedge is not in the losses as in piling up.. I end up doing that as well but very seldom and hence rare occasion..
I had a buy or a sell that is going in decent gains. If I think the pair can go some distance then i try to hold it.. but as we know it's never a st line (unless gold/ oil and others like that since they can go in a st line) then I be on the lookout where it could possibly be turning around or perhaps make a complete reversal.. I will hit a short there if originally long and vice versa.. I will take that position for mainly scalps of 20-40 pips or where I think it can retrace upto b4 continuing back to the org direction.. I would be taking them shorts out gradually as the price proceed in my favor and will the last one with stops even or in gains since if I get stop out, it means my org positions are going accordingly... and I'm back in track..
Hedging at times gives me cushion as when i'm in 100+ pips gains and I be taking shorts scalps on and off......
like today i was long gu 5482 and shorted at 5551 for 13 pips scalps and again at 5550 but got stuck and i reshorted at 5576.. normally if i didn't have the long (loner by then) intact I would have bailed with loss at around 5588-89... I stayed in as I was able to cash some longs earlier for modest gains and had one running to provide cushion.. we had unemployment and then benny boy and I told myself I'm surely to get one chance to square em off.. and it did.......
Inshort I scalp in gains on the opposite side trade and them hedges are for scalps to modest hit mainly...... rarely to I see my hedge becomes a main trade and my org one (usually loner by then) getting stopped out.........

GL...

Originally Posted by NoGrn4grnhorn

will fxcm trading station allow you to attach charts to word?? I haven't tried this, but I like the idea.

What you can do is use the Print Screen Feature (PRT SCR) and paste into MS Paint. Paint comes with Windows and can be accessed from the Accessories Folder

Resistance is expected on Friday at 1.2620 and 1.2645/70: Look for
support at 1.2490 and 1.2455/65

Originally Posted by mybenefit

Guys, it's getting too far! It's time to stop this "buy sell" system or else.....should be banned.

I don't know why ssdbsnl hasn't been banned anyway. He/she has been insulting to regular posters time and time again, but it's been put up by the moderators.

Hey Cody, you seem to get the moderators to put out threats, how about PMing one of them, threaten to leave, and maybe some action will be taken. LOL

I have the person on ignore, but can see his/her charts/comments when others respond. I have the ability to just ignore those, but threats for one or some should be good for all.

Hey Sharon, you beat me to the punch. It has already been taken care of. We try to give people a chance to get back into line before dropping the hammer.

EUR/USD finished Thursday 30 pips higher at 1.2565
A close on Friday evening above 1.2420 would end a run of 5
consecutive weeks of falls, over which EUR/USD dropped 8.25 cents

It was the 4th rally seen in the past 5 days, over which EUR/USD has
added a total of 2.00 cents (1.6%)

Of the 20 times since January 2011 when - as this week - EUR/USD
has posted net gains of any size on both a Wednesday and Thursday,
only one went on to close the Friday that followed with a net gain of
more than 65 pips

I just got back from my classes (1pm est.). I placed a short entry this morning at 1.2650 ( it was never triggered). I first had it at 1.2620 and moved it up. I was contemplating the violent move of last friday's NFP announcement, when I pushed my entry up (due to Bernanke's words). I hate I missed that short entry at 1.2620. HHMMMMM, what to do now?
Any suggestions from the more experienced? Or, am I sidelined until Monday? Maybe I could still get in short at 1.2620? or is that number done?

Originally Posted by NoGrn4grnhorn

I just got back from my classes (1pm est.). I placed a short entry this morning at 1.2650 ( it was never triggered). I first had it at 1.2620 and moved it up. I was contemplating the violent move of last friday's NFP announcement, when I pushed my entry up (due to Bernanke's words). I hate I missed that short entry at 1.2620. HHMMMMM, what to do now?
Any suggestions from the more experienced? Or, am I sidelined until Monday? Maybe I could still get in short at 1.2620? or is that number done?

I think that Euro could rebound to the 1.2608 before dropping back to 1.2500 or below.

Originally Posted by Gregory McLeod

Hey Sharon, you beat me to the punch. It has already been taken care of. We try to give people a chance to get back into line before dropping the hammer.

Originally Posted by SharonSS View Post

Hey Cody, you seem to get the moderators to put out threats, how about PMing one of them, threaten to leave, and maybe some action will be taken. LOL

I am not sure where this came from or how I did that but please refrain from using my name in the future. Thanks

Originally Posted by CodyB

Resistance is expected on Friday at 1.2620 and 1.2645/70: Look for
support at 1.2490 and 1.2455/65

It looks like you posted this about the same time I was typing my previous post. Maybe I can still get my short in at 1.2620-1.2650

Originally Posted by NoGrn4grnhorn

I just got back from my classes (1pm est.). I placed a short entry this morning at 1.2650 ( it was never triggered). I first had it at 1.2620 and moved it up. I was contemplating the violent move of last friday's NFP announcement, when I pushed my entry up (due to Bernanke's words). I hate I missed that short entry at 1.2620. HHMMMMM, what to do now?
Any suggestions from the more experienced? Or, am I sidelined until Monday? Maybe I could still get in short at 1.2620? or is that number done?

There are higher high on a daily chart, and I'll only be looking to go long. Target is 1.266+, as stated 2 days ago.

Why short when price is rising? Why long when price is falling?




Good luck!

Originally Posted by Bignatx

very very good read

Thanks again CodyB

Originally Posted by NoGrn4grnhorn

will fxcm trading station allow you to attach charts to word?? I haven't tried this, but I like the idea.

I don't use fxcm trading station, I have a different broker. Plus I'm not talking about copying charts, but your record of your trades. On my platform it's called Orderbook, but all platforms are different. I've seen Greg post his trades and that's what you want.

I go back on my real time chart and review those trades that I took. Course, if you want to make a screen shot and mark your trades, that's fine also. I used to save charts in another charting software I used, but I did both.

What's important is your observations/record under each trade you took for review.

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