Iâm in short from 1.2145. I was lucky to not get suckered into a short earlier. Thought Iâd missed the boat this morning with price dipping down towards 1.2060 before it rocketed up at the LO after ECB comments.
Think youâre right about the Fed - most of them are itching to print but they need the economic data to give them the excuse. They took a lot of heat over QE2 and the price of oil, food, etc. Recent economic data suggests that they more or less have what they need. I think the ISM numbers next week could be the green light. Would have me looking for longs then.
Very nice trade Yunny and I agree with it being a text book PA trade. If I may ask though why the stop at 1.2048 and not below the low at 1.2040. I know it is only a few pip difference but just wandering as we all know what it feels like to get stopped by a pip or 2 only to see price take off like a rocket.
Interesting but I agree. If price broke your levels it is easily going to take out that low and gun stops so no reason to stay in. Huh I like your style. Never looked at it like that. You are right though price made the low then consolidated so they could position for the move up. So if your level was taken out you were clearly wrong. As always thanks for the insight. Out of most on here I respect you the most as a trader since we are very close to the same trading styles (we differ a lot but we seem to have to same conclusions). I am going to have to pick your brain one of these days as there is something that interests me as to how you trade.
Picked this up off another thread⌠this IS gold dust! Real traders talking real trading! Pretty slow for the first half but gets down to REAL trading at the back end! Well worth a look. Even covers my favourite pet hate⌠analists⌠ahem⌠sorry, analysts. Money Never Sleeps | London Real - YouTube
Long myself from 1.2232. Just closed out half now at 1.2282 and will leave the rest open for the ECB lottery. Have moved stop to B/E on the remainder as I havenât a clue which way it could go.
And happy birthday RC - jetting off to Cuba for rum and cohibas is one way to celebrate in style. Must have been a good year so far given the amount of kids you have on the go
Or perhaps having that many kids makes one want to flee to Cuba from time to time whatever the cost? I have only a third as many myself and mine still run me ragged from time to time!
Seriously, happy birthday for yesterday RC, enjoy the rum and the rolling ladies!
Just went in long again at 1.2183 with a small amount. Trying to catch a falling knife like a proper retail trader Was a good support zone previously so thought there would be some bids lurking here to go along with profit taking.
Things are getting kinda dull around here without hog⌠anyone know were he is?
Cable and fiber sure were busy today werenât they! Hope you guys caught a piece of the price action. I myself stayed clear. Not loosing is a winning right? lol