Have beed Down under for 6w. Got back just few days ago, and time lag is still killing me.

going long at 1,50 for 1,5125 - stop at 1,4945 (just below the break up lvl) - tom - it seems third wave done with 4th unfolding with 5th to follow. Will then start to look for retarce - should be in 4th wave so most probably new triangle in the area 1,49 - 1,52. Tom

The word stagflation is being thrown around more and more lately. Headline YoY PPI came in at 7.4%.

The EUR/USD had a great run pushed by Fed easing and a stable Euro-zone economy. But after cutting so much so fast the Fed may be done.

I think it is time to take a cautious approach as the Fed may decide that it has done enough and will see what effect recent easing will have as results are often not seen for several months.

With inflation already a problem further easing would only contribute more to the problem.

[quote=stryker;147900]I too see a retraction.. 9 days bollinger is cross the 21 days bollinger band. 1.5080 is my entry point. not holding any long positions, but is waiting for a retraction to buy.

Longer term view target at 1.5350

No chart this time.. dont have the time to do it. Work + study + trading = Life sucks

__________________
Buy @ support
Sell @ resistance

I, for one, am glad you returned Ivanovich! I've been lingering around the GBPJPY forum for the most part, but what you're seeing is pretty common. People generally just like to take credit for things when they're right, but don't like to admit when they're wrong. I'm sure I'm not the only one that appreciates the humility of traders in the forums that are willing to post their positions on a consistent basis.

[quote=$D$;147948]
5225-5275 b4 any menaingful retrace or possibly having a channel top in place.
on higher note we have band expanding to 5770. thats then when it happens...

i have made quite decent on this leap of fiber. have been a vivid buyer for the last couple of months. then offourse you tilt to few other pairs and either get burned or getting there.


had 400k avg on euppy 160.22 opened yesterday but failed to bail out while i could... now i have avg 160.71 shorts which includes some decent ones from the top so far.
gut feeling 158.10 t be tested b4 another attempt higher. was of the view yen would drop below 106.66 for a free fall to 105.70 or even lower to around 105.22.... i still hope yen could stay lower to 107.77 for that matter.

cable shorts triggered at 9822 and higher again at 9915. avg 9871...

im watching them might take a beakeven. but agian gut feeling wants me to stay put and simply add more on any surge of 60-70 from the high.

overall........ could not be more happier with the outcome of the result.
400 pips on the last fiber trade is the highest i have ever made on a single trade.

bigger better shorts to come from 5225-75

__________________
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us—
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...

hi Terri,

i agree, if the traders start to realize that the forum is a mean of communicating / sharing ideas / discussing the pairs / and the likes we would have more experience and seasonal traders joining in the forum.
i go quite heavy on my trades and sometimes i have placed my self in a position where i simply dont; want to be.
anyways you win some and you lose some. as long as yuou learn from your loses and try not repeating it.....

irregard to winning / losing; there shoud be a good reason behind any trade. as i say, every open position starts with a loss..............

__________________
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us—
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...

As previous posts on the forum show, there has been a long going tug on reaching 1.50 or breaking below that has finally concluded. That tug had friendly (I would suppose) provoking of sorts going back and forth with arguments and counter ones

Sorry you took it the wrong way, never was meant to be an insult. It was a mere welcoming back taunt for big 1.50 contrarian, didn't expect that level of sensitivity.

On a lighter note, some amusement from IFR Markets:

"03:15 EUR GOVTS: Outlook -- Invest in Wheelbarrows...London, February 27. Investors are well advised to buy wheelbarrows and wheelbarrow manufacturers at the rate the dollar and by extension other fiat currencies are getting devalued. Some convenient way of carrying around increasingly worthless closets full of cash is going to be needed and backpacks just aren"t going to be big enough."

Oke,
I thought you were a $ bull & expected the pair to move to 1.4 instead of breaking 1.5 long term....

anyway, i have longs for months now... when we were at 1.43 few weeks ago I made losses on my high longs but kept my nervs

greetZ

I opened a long at 1.5038, expecting to take a profit around 1.52-5.53. I know there are a few shorts here at the 1.50 level. Am I too aggressive for opening a long this far into the euro rally?

[quote=stryker;147952]
still ridng fiber shorts, added more at 150.74..
euppy bailed out on all but the one from the highs at 160.21, with order shorts now waiting b/w 160.77-93. depending how yen or euro performs against the USD, will decide on the tgts. premier tgt is 158.10

cable shorts finally showing a green light.......... would like to bail on weaker one soon and keep the better ones intact.

__________________
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us—
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...

Hello all,

I am newish to trading, so far I have paper traded or played on demos and spread betting accounts, but only part time - I'm lucky that I can access my account at work on a mobile device so I can keep an eye on things during the day - although I am trading peanuts compared to most, I may increase it when I am more confident.
I am still learning and have probably broken all of the rules on my learning curve, my biggest hit was last year when I had to stop a trade that I was stubornly holding on to and lost nearly 60% of my trading money. Now that I am sticking to the rules a bit better I am on the up with an average of 3 out of 5 trades making some money, the other 2 only losing a small amount.
My biggest problem is moving my stops up too quickly trying to minimise any losses.
I have followed this forum for ages but thought I would join in as I have some questions. My first is why are people going short at the moment - I can understand that after 1.50 there is likely to be a pull back but that has been said since 1.32 and since then it has been a steady upward trend.

Appreciate the commentary, Terri. In reading the last few weeks of posts on the EUR/USD forum, it's beginning to resemble Kitco forums, where people uniformly tout themselves for predicting up moves in an overall bullish market, but never post that they actually put their money where their mouth is.

As for being "sensitive", Q8, I take great pains to post my trades ahead of time to prove that I actually trade what I forecast. Having someone call that into question the moment I return from a hiatus wherein I left for the same reason tends to bring out sensitivity.

I was a "1.50 contrarian" on the previous upmove, telling you guys it would not hit it (remember the Saturn comment). After which I left. Had I not left, I probably would have said this latest upmove (due to the strength and speed, plus fundamentals) was very possible. Regardless, I'm sure you'll not believe me anyway, so why continue on the topic?

As I have said many times before, I am not a dollar bull. I am a trader that follows positions based on a fundamental and (to a lesser degree) technical analysis that has worked for me for 5 years now. I do believe that the Euro is headed down longer term, but I do not think in terms of 50-100 pips like many of you do. I make trades that last sometimes for several weeks across a variety of pairs. I do so with larger sizes, but smaller portions of my account. I do not average up or down (well, I do but rarely).

When I take profits, its to the tune of 2-400 pips, not 30 pips here, 15 there. Now that we've established my trading style, let's move on.