Sell Eur/Usd

[dimmi]

Crikey!

It's creepy how this place can be quiet when evryone is in deep doo...

Just kiddin', folks!...

Seems that way .. I'm flat at the moment.. although have my eye on a Gold trade at the right levels.

Would be interested to hear the strategies/views of Iris and Phillip and anyone else to the current pairs being traded here. (eurusd eurjpy audusd gbpusd)

[ActiveTC]

My chart readings still point that we are near a temporary top here on GBPUSD, although the target on the monthly charts is 2.0670, it will do it but I don't know when. But the reversal once done should be till 1.9000 at least. Don't expect it to happen tommorrow these move will take months to complete. Now better stick with buying pullbacks until we reach the upside target. but watch for some correction of 250-300 pips between 2.0375-2.0450.

[Phillip]

Seems that way .. I'm flat at the moment.. although have my eye on a Gold trade at the right levels.

Would be interested to hear the strategies/views of Iris and Phillip and anyone else to the current pairs being traded here. (eurusd eurjpy audusd gbpusd)

Hi everyone....Iris...dimmi....I'm currently waiting for the data tonite before I could take any new trade.....and i'm still holding the same positions as before....No changes

B.rgds
Phillip

[Catalonia]

Hi!

We have Exited All Cable Buy Positions @ 2.0225 and we are in a Sell Reversal Zone for Cable...

Cable Sell Zone 2.0210<>2.0235...with extension Sell's @ 2.0245...

Target ...Open.

Cable Sell's @ 2.0230<>20228<>2.0226 are activated...let see if we can add Sell's @ 2.0235<>2.0245 Zone.

Have added Cable Sell's @ 2.0255<>2.0245 along with existing Sell's @ 2.0230<>2.0228 and 2.0226.

Target ...Open.

We have no major data releases today which should have the Market in Technical adjustment mode...have added another Cable Sell @ 2.0315 to hedge into our lower Sell Entries in Cable as I see a potential High today @ 2.0338/40 and will add if these levels are achieved today...if not may add on the decline above the lower Sell Entries.

I have added another Cable Sell @ 2.0340.

So, Iris, you have been selling cable at 2,0228, 2,0226, 2,0230, 2,0245, 2,0255, 2,0315 and 2,0345.

I like the way you trade. Cable is now at 2,0398. Someday it will drop and then you will pop up and say: I made it again! Nice. Congratulations.

You are now with more than 1000 pips agains you. Just one single standard lot in each of your sells plus negative swap means more than 10k.

No problem, your account is huge, but I think some of your followes would like to know where you place the stop. Well, maybe Noor will not, cause he, like you, master the market.

[ActiveTC]

Hi Iris,

I suggest that you open a demo account, and put all your trades their and give us a view only password, this way we can follow your trades better, if its profitable, you can even charge for the password on a monthly basis. Metatrader offer this facility.

[midozfx]

I guess that Iris is a very generous and helpful man, that I guess he won't charge others for anything he give, he is not that kind of people

[ActiveTC]

Anyway its an idea, I have a fun account where I am trying some new strategies, I would give you all the opportunity to have a look. I am up 15% today on the account. with more than 90% winning trades, I think this kind of demo accounts, gives us a better feel of the trades and lot size and the applicability of the trading strategy. Anyways, any comments are welcome.
Login : 334962
Investor : qg7dtog (read only password)
you need metatrader4 from RHL to view

[Summerset]

Hi!

So, Iris, you have been selling cable at 2,0228, 2,0226, 2,0230, 2,0245, 2,0255, 2,0315 and 2,0345.

You are now with more than 1000 pips agains you. Just one single standard lot in each of your sells plus negative swap means more than 10k.

That's not really true.

Any trader would scale into his position, in proportions that are relevant to the size of the overall % risked. So Iris would be scaling in from <0228-->0345> - with a current average of 286, and about 75 pips in the red currently / standard lot = ~ -$750 (certainly Not devestating, by any standards).

Not that I agree with the entry. But its not objective to critique it, on the assumption that followers are not implementing sound money objectives.

[phreak]

Hello Everyone.....

Cable has a Low @ 2.0284...with a Key Fractal decline break @ 2.0270 onto 2.0235<>2.0195 Zone as the US Trade data has shown an inventory rebuilding that will expand the US GDP data for 2nd<>3rd QTR 2007after the anemic data in late 2006 into early 2007.

IRIS FX

Ok, here is a question I was going to ask since Cable and Euro hit their all time highs. I don't mean any disrespect to Iris, he is a very experienced trader, but I'm simply not getting all these recommendations to sell cable again and again. What is behind them after all? Do we need to sell Cable because it went up too much? Whatever goes up - goes down... Something like that? Eventually it will go down, but there are certain circumstances to consider. In probably any manual for beginners it is mentioned: if a currency hits all time high, DO NOT SELL IT – chances are it will establish quite a few new highs before you should even consider selling it. Euro and Cable went through multi-year resistance without any effort and, here we go, Iris recommends to sell right away. Everything may happen in Forex, but why should you possible recommend something absolutely wrong unless you are gambling? And if you are gambling, is there any value in your recommendations?

[Catalonia]

That's not really true.

Any trader would scale into his position, in proportions that are relevant to the size of the overall % risked. So Iris would be scaling in from <0228-->0345> - with a current average of 286, and about 75 pips in the red currently / standard lot = ~ -$750 (certainly Not devestating, by any standards).

Not that I agree with the entry. But its not objective to critique it, on the assumption that followers are not implementing sound money objectives.

Hi!

Cable's high so far: 2,0404.

You, Summerset, could guess whatever you want about Iris' positions. You could imagine too that he buys calls to protect his spot trades. Whatever.

But the fact is he says he's been selling all that way up. And, as he hasn't said how many lots and/or stop losses he is using, the fact is he has lost the opportunity to make a lot of money riding the beast up and now he has a very big loss in his account. Tomorrow we'll have important UK and US data. Maybe the first is bad for cable and the second is good for USD. If that is the case, we'll see cable going down. Then you will see his supporters saying: "Well done, Iris. Gorgeous." and so on.

There are people that think they can master the market with esoteric stuff. They don't trade what they see, but what they think.

[Iris]

Hello Everyone.......

There are people that think they can master the market with esoteric stuff.

The Market is Measured and Calculated...short... sweet...and to the point.

Also...there are those who will pilfer your hard earned fortune to its last cent to enrich themselves... on basic and advanced information and techniques that are very much introductory facts sheets placing them thus from a Trading statistic in the so-called 90%.

Beware of those that promise or self proclaim their Trading Acumen.

Have them prove it Publicly with an empirical record over Time by INTERACTING with You thru some objective means.

Market Geometry/Hedging Risk is the New Differentiation in 21st Century Professional Trading.

We are decifering Sub-Wave numerics...the Now Zone...by Timing the Wave thru Entry/Exit Zones with the option of using advanced hedge control towards Risk...by using concepts and structures as Fundamnetal as the Universe itself...simply thru known Natural Law...Reality.

Think for Yourself...that's Discipline...then apply Natural Law...that's Knowledge...the rest needs to be PROVEN over Time to judge it's merit.

Time to get back to the Now Zone my Friends...that's all that really Counts.

IRIS FX

[FXInvestor]

There is no doubt that this last call made by Iris was real bad, but this doesn't make him look that bad as being portrayed.

1. Though anyone would use SL, lets say even if Iris didn't and lost 1000 points, what about so many thousands of points made before this bad call ?

2. I have been observing this thread for a good time now and if you sum up the calls made by Iris, he is still a winner and prolly more than that.

No doubt his absence when his call goes bad makes the scene worse and I'm not his old buddy or supporter but treat it as a neutral opinion.

[Phillip]

Iris next time do not even bother to answer.....its a waist of your time and energy.....you have better things to look at more than their silly statements....they are just jealous...You are better than them....end of story

B.rgds
Phillip

[bearprofits]

When your on a run of good trades there are those who will bash you with insults and say it cant be done, and when you have a drawdown they are there saying I told you so...... but they themselves will never post a call, they cant or else their lack of ability would be for all to see.

Same %$@&*% different thread.

[Phillip]

When your on a run of good trades there are those who will bash you with insults and say it cant be done, and when you have a drawdown they are there saying I told you so...... but they themselves will never post a call, they cant or else their lack of ability would be for all to see.

Same %$@&*% different thread.

I agree with you bearprofits......theyre just sad people...