Ey everyone, i just entered a long eur usd targeting possitive greek news
I wanted to know if any of you are taking this trading oportunity and how are you taking it, what do you pronosticate? Where do you think it will reach?
My initial TP is 1.3250 sl tight at 1.3120, last two weeks eur usd had an upside jump in the opening. possitive and negative information about Greece has been trading long in a very volatile way, even on asian open on sunday as seen this week(im guessing peopple are optimistic about greece staying in eu),
also eur usd is on a support at the moment and its prooving to be a very strong psychological and fisical resistance as the usd has had some good news and its still woundring around this level, resistance at 13180 was pushed to closing at 13190 For todays high
Im very bullish on it opening a 4% risk trade @ 1.3155 before market close, SL at 1.3120 and tp,for now,1.3250, i will move it forward up if i see it can reach previous highs or maybe continue the bulling long term trend to 1.35
Waiting for your opinions!
Good luck and happy week end
This is just based on my sight and nothing is even close to being for sure, dont take this as any type of advice,thanks
I had several thoughts about the trade you described but really there’s only two things I want to say. One, 4% is quite a bit to risk on just one trade. And two, never listen to anyone else’s opinion about your trades! That can really mess with your head.
Timothy- Thank you very much for the advices, 4% is because my balance is 1000 usd, so its not that huge of a deal as im still really learning, i just like knowing atleast 1 person thinks like me as its a market driven by people
Trader1224- i think the trade will either tp or sl at asia expecting the Greek deal
you are hoping positive news? from Greece? there’s nothing positive from that country not anymore… government is falling down no one trusts the president not anymore Greeks are yelling for help and FMI as shutdown - no more money forgiveness nether money loans …
by opinion Greece is a bankrupt in progress… i’m Portuguese (European) and i ear everyday how bad Greece is… :S
But they can also grab some more time and delay the all process AGAIN for the 3rd time
try enter long at 1.3070 , 1.3080, SL 1.3039 (me prefer SL 1.2950)
tp: 1.3350 ,1.3396
and then, quick watching daily chart + MACD n RSI, find for divergence on the topside…
just my two cents
if we factor in the up move from last week without no reason at least no logically reason for the long trend… this could be euro area preparing for this news off pre bankrupt and the long move was just to protect the new psycological support of 1.25…
so if greeks really go down (and portugal is next on FMI schedual), if they go down we will see at least the 1,28 again…
in that bearish case (bankrupcy), put pending sell below 1.29, 1.28, 1.27, 1.26, 1.25, 1.24, 1.23
each 1% and tp 75pips
and start buying every low after 1.22 hit with 1% each orders, just to protect IF the price move 1000pips down from 1.22 to 1.02 (which is less likely this year )
with 1% each orders, just to protect IF the price move 1000pips down from 1.22 to 1.02 (which is less likely this year )
am i the only one? :s