EURUSD monthly

Beware innocents around platforms! I open and close trades directly off the charts, so no panel up. Thought that was safe enough but no. It seems my three year old has increased my lot size by a factor of five. So instead of opening 5 lots across a range, I have opend twenty five lots!!! I’m reasonably confident with the entries as long as the upper TL on the 4h holds at 1.4111. If not this is going to get real interesting real fast! :stuck_out_tongue:

RC can I borrow your three year old? the kid will probably make better trades than me! :smiley:

just kidding.

Not much trading for me lately. I still have my statistical trades going but they don’t require much attention.

6% drawdown… just switching to hi/lo daily for a final punt! LOL!!!

Edit: You can have Matt… fast outstaying his welcome LOL. Just walked away with a poker pot of $14k, some of that was mine! Anyways… more pressing matters, you had any luck selling the violin? Looks to have topped out (stop hunting… Asian special)… might even get to BE? :smiley:

The kid will be 56 years old before he sees any allowance…

Just checked the price and imagined you wiping sweat off your brow and breathing sigh of relief when I saw its now fell back to 1.4090 lol

Yesterday my wife (who was working from home) was in a live-messaging discussion with her boss in New York about a key area of policy, lots of pressure, limited time to impress with extensive knowledge and policy acumen - our two year-old bashed the computer keyboard (my bad for taking him in for a visit at that moment, I guess!) and the display rotated through 90 degrees. The mouse axis also switched, so down was no longer down but now across etc. Proved to be an easy fix (and a common occurrence, according to Google) afterwards, but at the time there was no, er, time, so the discussion had to continue with my wife with her head leaned to one side and struggling with basic typing as the mouse was off until it finished, half an hour later. Me providing the solution with a flourish immediately afterwards did not gain me the round of applause and instant popularity I had hoped for…

So you have my sympathy with that one!

ST

RC I still want to take trading lessons from Matt but my house is too full for anymore people to move in. 14k poker pot! and here I am struggling to live on 1 income with 2 income bills. ghaa! Oh my! 6% drawdown? I start getting irritated when my statistical trades get to 4%, usually they hover around 2% draw down with a steady 1% gain per week. I figure that’s a double in about 70 week with compounding. Nothing to get excited about but beats the stock market and every fund manager in the country! LOL
This thread is about EU but I made an AU buy trade last night that did really well!

No sale on the violin but it turned out really nice now that it’s strung up. I know a guy who has analyzed the sound frequencies from five Stradivari’s and compared mine to it and the peak frequencies match very closely so whoever ends up with it will have a real nice fiddle! Of course when I play it the dogs run for cover and the cat tries to mate with me ! LOL


Well, my strats have a maximum of around 12% dd and I would still let them trade with 25%. After that I would them sell as scrap metal.

Yesterday one of my bots made 1 pip loss and today another one. That’s not nice but okay to me, lol.

Regarding my computer just Kitty the cat is doing some funny things sometimes. Albeit she did not order something so far. And it could be worse RC: Letz say your child would order some oil futures and 3 months later them delivering some dozen of barrels to your home …

Good afternoon folks. :slight_smile:

Well, my bot made me rich today. 2 trades, one short one long. 10+ percent up with my equity in a couple of hours. With a very small risk. Okay, letz see it like that: Collected something for later losses, lol.

Picture looks still a little scrambled. Range play?

new trade: price:1.4302 sl: 1.4164 tp:1.4432

edit: i’ve already moved the stoploss to breakeven

Good one, congrats! :slight_smile:

Now it’s moving even higher, lol. There is the mpp which could maybe stop it. 263 pips so far this day. That is not the average daily range, lol.

it took time, but finally those daily and weekly pin bars paid off … :smiley:

Yea, there is a hammer on W1. However, we have now the mpp at 14418 around and the tl on the daily, starting at 149. This is right now at 14394ish. So I would rather expect something between 144 (already reached) and 14420 as target. Anyways, you know what you are doing, so I just tell what I think, lol. Could even be it overshoots a little as it does often.

The question on the wall is now what price is doing in the upcoming days, particular Friday tomorrow. If it can break this tl or not. 14450 is a strong resistance.

i decided to get out with +70… and i will look to buy any retracement.

1.4450 definitely is the level to watch now… but i expect a some consolidation if the price turns back down…

The funny thing is that all that Greece babbling and those big headlines didn’t do much damage to the eur so far. Still above 140.

In 2010 the situation was different. It tanked 30 cents and with every headline it dived a thousand pips deeper, lol.

That’s why I think it could go higher. Anyways, right now I do rather expect continuing of range play in the short term, ie. the next days. I do not expect it will break now to the upside. Maybe a retest of that 14450 level or maybe not. I could imagine the asian session will deliver the retest on some flags and then tomorrow we will see some funny moves.

It looks very overbought to me the way its jumped so far out of its trendline and with the 1420 trendline right there I really feel like shorting it I think I’m gonna do it with a small lot size just in case it does go much higher

feels kinda same but i just closed my 20 pips scalp short from 1.442 and going to sleep for London open. must get more disciplined about waking up earlier.

Euro is riding on the news that there is a bunch of new stuff in the Greece aid package including easing lending rates to Greece and Portugal while at the same time dollar is getting dumped on the prospect of the US getting downgraded by moodys or even worse, defaulting … not the ideal scenario for shorting the pair so I already moved my stoploss to breakeven after only 20 pips lol

Good afternoon SDC and all others! :slight_smile:

Well, I just trade technical based on my systems. News babbling is good for some panic traders, lol. I call them the weak hands. When I bought au 6 years ago it was the same. Panic traders who go out or in on some news. I just bought and now I am up 300+%. In between it went up to 1k then down to 0.6k and up again. What do I care? I even sold some to realize my nice profits lately.

The ez is far more socialistic than the US, but that is not something what seems to be the knowledge of most folks outside of the ez. DC is a more and more remote controlled relais station out of London. That’s why they act against the constitution and break some rules regularly.

What can we expect? A higher euro in the med term. The piigs are not the only issue. There are way deeper issues. Most can’t see it. Did you know that in Germany for example stores have to close on Sunday and in the evening? Almost every store. No joke! There is a law which prohibits to open stores. That is not new. I mean, the law. So, you can see, this whole ez is a socialistic haven right now. Plus the majority of people never has been asked if they want the eur or the ez. That’s a political idealistic dream and it will burst sooner or later. I guess later. Brussels has more signs of a dictatorship than of a democracy or republic. And it gets worse every day. As long as the ppl get taxed for bailouts everything is fine and the party can go on. The pivot point will come if ppl won’t have any more money for paying all that overtaxed bailout cr*p. Anyways, Heli Ben will print money as before, so that’s not even much better. Plus then DC will continue to spread the socialistic virus around America. People be careful not to rely too much upon governments. Governments are good if them are light and effective. Now they became/become heavy and bureaucrat monsters. I as investor can only do one thing: Make the best out of it what I can. That means: Looking for longs on assets in the med term and be very careful to sell not too late in the long term.

Well, back to very short term, lol. :smiley:

Today I see more selling than buying power.

considering going short at 1.436x with small size though.