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plan-b replied Apr 3, 2009I will let the markets digest that piece of news and leave my trades open for a while,maybe into next week.. short EUR/USD 1.345 Long USD/CAD 1.243 Long USD/CHF 1.1350 short NZD/USD 0.58
EURUSD
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plan-b replied Apr 2, 2009I have a MM question.. Say i limit risk to 2% of account per trade,is there a maximum drawdown i need to observe if i have open positions on several pairs?
EURUSD
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plan-b replied Apr 2, 2009that rate decision activated this trades that i have been seating on for a while Short EUR/USD 1.34 Long USD/CAD 1.25 target above 1.30 Still waiting for long USD/CHF at 1.1350
EURUSD
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plan-b replied Apr 2, 2009I could be very wrong but I believe longer term trend is down and would bet that we wont see above 1.3740 again this year.. I have short entry waiting at 1.3400
EURUSD
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plan-b replied Apr 2, 20091.3170 is highly doubtful in the very near term-nikkei closed 4.4% up and if that continues into london we should see 1.34
EURUSD
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plan-b replied Apr 2, 2009That's one way to look at it but if you trade longer term it could be the day that already established set ups are activated..The market is always setting up an opportunity
EURUSD
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plan-b replied Apr 2, 2009i believe a good quick trade would be to go long now at 1.33 targeting 1.3350 and 1.34 (this should be hit before the rate decision courtesy of increased risk appetite) Longer term would be to wait and short 1.3400 and ride the long term downtrend.I ...
EURUSD
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plan-b replied Mar 31, 2009[ image That bounce at 1.3734 was exact almost to a pip of 50% (1.5084-1.2383) I believe we are currently in the process of a correction which will bounce off 1.3415 (61.8% of the same move) for a drop that might end below 1.2383 I got decent pips ...
Jacko's Forex House of Pleasure and Pain
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plan-b replied Mar 31, 2009I think they have no choice but to cut anywhere between 25-75 The only shocker would be if they mentioned the Q word. That said i have placed sell orders at 1.34 and 1.345 Hopefully we will see those levels today before the downward trend resumes
EURUSD
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plan-b replied Mar 30, 2009so far its all green
.. no trading today,will seat aside and hope the yen gradually goes all the way below 88EURUSD
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plan-b replied Mar 28, 2009Left open a few yen longs with wide stops.. I will be content to wait on the sidelines whichever way the price opens next week
EURUSD
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plan-b replied Mar 27, 2009A bare chart with the trend line is all you need.. My shorts were well rewarded.
Im now looking to buy yen, risk aversion will continue into next week(G-20) and that should lead to yen strength against usd and commodity currencies.. :nerd:EURUSD
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plan-b replied Mar 26, 2009In this case you will find whatever keeps going up comes down. Until that daily trend line is completely breached selling rallies in my opinion is the way to go
EURUSD
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plan-b replied Mar 26, 2009Yup..this is like the quiet before a storm. A short entry now with some breathing room or a sell stop at a higher level will bring in good pips. NZD/USD is also at perfect conditions for a short entry with good reward potential but i could be wrong ...
EURUSD
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plan-b replied Mar 25, 2009Link refusing to open but thanks anyway. If pivot is at 1.3530 then seems like there is a bit of stalling. That rally has taken out my stop but im still biased to the down side
EURUSD