shorted EUR/USD @ 13333
Hmmm… Short usdjpy and short eurusd at the same time? Pull up eurjpy… Which direction would you trade it if you had to right now? 
After flipping my timeframes/chart. I’d long here I think. looks like a lot of room above never traded that pair …
appreciate your reply…i feel you have a point to make thats escaping me.
[QUOTE=“pippuppet;520638”]After flipping my timeframes/chart. I’d long here I think. looks like a lot of room above never traded that pair …
appreciate your reply…i feel you have a point to make thats escaping me.
[/QUOTE]
If you have a usdjpy short and a eurusd short open at the same time… It is essentially/mathematically the same thing as SHORTING eurjpy… So if you are looking at eurjpy and thinking its going to go up… Then the net result of your two open trades will be negative if you are right.
huh? don’t get what you are saying right off, but will study it. we’ll see…
[QUOTE=“pippuppet;520646”]
huh? don’t get what you are saying right off, but will study it. we’ll see…[/QUOTE]
If you short usd versus jpy (short usdjpy) and short eur versus usd (short eurusd)… It’s the same as if you opened a short eurjpy position…
Yes it takes a bit of thinking but its a good double check when you have multiple trades open like this… 
ok, but i’m not short eur/jpy. do you see any “mathematical” inconsistency with my being short USD/JPY and EUR/USD at same time?
[QUOTE=“pippuppet;520656”]
ok, but i’m not short eur/jpy. do you see any “mathematical” inconsistency with my being short USD/JPY and EUR/USD at same time?[/QUOTE]
Well when you were looking at eurjpy you said your inclination would be to long… However your two open trades are the equivalent of a eurjpy short. So that would be inconsistent… That’s why I mentioned it.
i never trade EUR/JPY, don’t know how it acts. no experience with that pair
Do you disagree that each pair has it’s own price behaviour characteristics that go beyond pure mathematics?
for example. the next “few” hours i banking on my shorts. if wrong i get out but i not; talking wee hours of morn here
why i wait to bank …
like to fun while i wait trade…,
short another lot USD/JPY @ 9768
Exited both short @ 9710
Add to short EURUSD @13409:eek:
Did I get caught up in a short squeeze? Is there any news?
ouch :56:
Just buying USD/JPY @9709
Here’s hoping this tests and breaks resistance @44…could see @60 then?
Get with it EURO…
My chart shows just above @3400 is 38% fib retrace…just below @3390 is 50% fib retrace. @3373 = 61.8%.
oh i can only wish… :30:
Peachy…can now draw a trendline on a 5 minute. Lower channel extends down to below 38 fib. Hope springs eternal.