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

do you know what?... some time ago Chinese mission visited the White House... that day Mr. Bush promised them a strong dollar by August 2008 when Olympic games were starting... here you are!...LOL... in the other hand... Markets are going to take profits in coming months before Mr. Obama tax plan becomes a fact... anyway... the annual plan was to have a strong dollar by US elections' time... here you are!... politics driving the game although US fundamentals are not really good...

drinking my Chinese tea...

sorry for those losing money... no too much to say... you know what to do...

best,

A.

you got to be kidding me...

just woke up to drink water and wallah......... im all in red all over.......
placing stops at 5270............. if they are triggered i would be down like 80% of this week's profit....... added longs and 2 more lots to enter at 5280.....
i need 5299 to be out..........

limits are all over.........

i will go back to bed as sitting here im bound to do something crazier then what im into....

BLOOD BATH.................SLAUGHTER HOUSE and it seems like i VOLUNTEER.....

i hope thin mkt conditions would correct itself as pretty sure no more stops to go through..........

ok.......... just changed my s/l to 5240...... if triggered i would be in red for this month........... would add more lots at 5254.......

i hope no once is getting burned........ not the way im.........
any fundies to support this move, as i cannot see any........ don;t matter, it already happened..........

Good Night or Good Day as im hitting the sacks for ZZZZZZZZZZZZZ's...
hope so i can sleep.............

GL ALL.............

The turning will be quick and big (just like the turning of USD/CAD at 0.9057 and USD/JPY at 95.74). But no one know when and from where. If anyone has any clue from whatever perspective, please share it with us.

I was hit hard with long GBP/USD. The good thing is I moved originial stop loss from 1.9337 to 1.9390.

Originally Posted by y_2008

The turning will be quick and big (just like the turning of USD/CAD at 0.9057 and USD/JPY at 95.74). But no one know when and from where. If anyone has any clue, please share it with us.

Delta point GBP... Aug 18... since EUR and GBP usually go together, it's also a good time reference.

But you know what... since it still has 1 week to go, and if each day we see 200 pips drop... then...

Originally Posted by cmellon

Keep waiting. Move your Stop Loss to lock in profit, but not too near the market price. Trail your Stop Loss. No end in sight. Good luck.

Thank You. Great Idea! I am still fairly new to FX and literally forgot I can put in a trailing stop loss. LOL.

Originally Posted by Petrus

Anyone out there care to share some successful hedging strategies. I was foolish and thought of going short below .5300 and, of course, it immediately turned against me and who knows how high it will go. I would like to give it a chance for another reversal downward, but I am new to this and don't want to attempt a hedge only to get screwed over on two bad trades.

I'm just looking for successful strategies that some of you use in such cases. I know every trade is unique, but I am sure there are solid principles to discern from.

Thanks.

you are golden now, I hope you did not hedge this trade

Originally Posted by stryker

you got to be kidding me...

just woke up to drink water and wallah......... im all in red all over.......
placing stops at 5270............. if they are triggered i would be down like 80% of this week's profit....... added longs and 2 more lots to enter at 5280.....
i need 5299 to be out..........

limits are all over.........

i will go back to bed as sitting here im bound to do something crazier then what im into....

BLOOD BATH.................SLAUGHTER HOUSE and it seems like i VOLUNTEER.....

i hope thin mkt conditions would correct itself as pretty sure no more stops to go through..........

ok.......... just changed my s/l to 5240...... if triggered i would be in red for this month........... would add more lots at 5254.......

i hope no once is getting burned........ not the way im.........
any fundies to support this move, as i cannot see any........ don;t matter, it already happened..........

Good Night or Good Day as im hitting the sacks for ZZZZZZZZZZZZZ's...
hope so i can sleep.............

GL ALL.............

Stryker, I hope you have the numbers right. I thought you are long, SL would then go at 51.40, you may missed the last 100 pips drop ? I'm confused...

Originally Posted by y_2008

The turning will be quick and big (just like the turning of USD/CAD at 0.9057 and USD/JPY at 95.74). But no one know when and from where. If anyone has any clue from whatever perspective, please share it with us.

I was hit hard with long GBP/USD. The good thing is I moved originial stop loss from 1.9337 to 1.9390.

My charts still say that the dollar bull run has a way to go-MAYBE till the third or fourth week of August. I think there will(must) be a pause and I think it is very close to occurring. The only problem is that my charts are SOOO dollar bullish-when or if will a pause take place?? This pair could go as low as the upper 130's. I know that is very low,but maybe.

A lot of buying interests just around 1.5200. 1.5192 could be bottom for this week?

Originally Posted by Fish

Small long from 5230, sl at 5190, just for the heck of it.

Well, Im out at b/e.

Originally Posted by y_2008

A lot of buying interests just around 1.5200. 1.5192 could be bottom for this week?

You may want to remember something I learned in an FXCM power course-TRADE THE TREND ONLY!

Maybe we should try to short this thing and ride it down to sub 150 levels.

Originally Posted by willyc

You may want to remember something I learned in an FXCM power course-TRADE THE TREND ONLY!

I almost put a long with 10 pips sl. Now I have to stay back.

Thanks.

Going short with a reasonable stop loss seems to be much better strategy right now. TP 5200 and below? Doesn't sound unreasonable to me. For those who still keep short, just trail SL and let the profit run as far as it takes you before your SL got hit.

taking new shorts on any decent up move i can. a move back to 5300 would be ideal. then some consolidation and the beating of the euro will resume again next week.