Best Thread Live Trading and General Chat Lounge

[Lord Flasheart]

short eur/usd at 1.3016 sl 1.3036

 

[VielGeld]

Short again 1.3014.

 

[N Rothschild]

Nope again -3.

Methinks I should maybe loosen my stop. Or get better at choosing trades.

I hate these moves without momentum. Nothing clean and clear these days.

your using a 3 point stop? no chance in hell your gona pick a move within 3 points

 

[VielGeld]

your using a 3 point stop? no chance in hell your gona pick a move within 3 points

Sure you can, if your entry is good and you're not expecting more than 10-25 pips.

But it's definitely not good for this kind of chop. Tight stop needs momentum, and E/U hasn't been giving that lately.

Might be time to loosen out.

 

[VielGeld]

Might exit prematurely. I'm seeing LLs here. Might be about to pop higher.

 

[N Rothschild]

its the day before fomc, eur's not going anywhere in a hurry

 

[VielGeld]

^ I see. Thanks for the head's up. Might still be good for a couple pips, though.

-----

Oh? Finally looks like it might drop pop. 1 pip range is awesome for falling asleep at the keyboard.

 

[VielGeld]

Tag, you're out. -3.

Should'a gone long instead? This trend line's stubborn.

 

[N Rothschild]

never look for decent trend lines to break before any sort of economic event

 

[VielGeld]

Long 1.3021. I figure this is going to 1.305.

Smaller stakes, so stop is 10.

 

[VielGeld]

never look for decent trend lines to break before any sort of economic event

Hmm... That might explain the kind of behaviour I'm seeing here. This is much more reminiscent of the small positioning moves you see before news items.

Is FOMC that big of an event?

 

[N Rothschild]

err yes, especially when there is expectations of qe3

 

[VielGeld]

Lol, QE3. I doubt that's going to happen. It might give us a clear bias in trading, though.

 

[N Rothschild]

doesn't matter if it is or it isn't, no one is gona be making their move 24hrs before everyone finds out.

 

[Lord Flasheart]

off to see the wombles, set to take 1st 1/2 of at +15

 

[VielGeld]

Back to B/E. 'bout time.

Why am I position scalping, lol?

Masterminding a 4 pip gain: one big chess play.

 

[VielGeld]

Cup and handle formation in the works on the 5m.

That's it, E/U is CANSLIM material. This is blowing up to the heavens.

 

[VielGeld]

Out for +2 because I'm bored out of my skull. Longest. Trade. Ever.

Better opportunities tomorrow after FOMC, methinks.

 

[wackypete2]

short eurusd 1.3034 stop 1.3050

 

[wackypete2]

move stop to 1.3039
Didn't get the move I was looking for.
Popped up after Apple earnings blowout. I was looking for a retrace from the initial kneejerk reaction.
Happy to take BE if I can get it.

Peter