Sell Eur/Usd

[turtle2688]

MY point is why do you keep on shorting it when it makes new highs on a daily basis?

I post my point here is not meant against Iris, I know he is a very experienced trader and analyst. He has done remarkable jobs here for years, no doubt about it.

I come here merely point out the fact is what's your logic to go short when monthly, weekly, daily, hourly are all point up? why?

No matter what you present here, short is not the best option at the moment.
Why lose money trying to make you feel right.

Trading is all about making profit, not who is right. I come here is not meant to prove how smart I am. I could care less if I am wrong by Monday if fiber falls. I can simply go short then if it tells me at least on a hourly basis if not on a longer scale.

turtle

[golhuntsleep]

Originally Posted by golhuntsleep

yep....3340 is my fibo mark and my other indicator is near extreme......meaning that 3340ish is coming with a reversal......BTW...I don't go short till we get there..........or darn close to it.......

This is from 2-27-07..........Hows those building shorts going?? I don't understand taking shorts "building" them up when there is still so much upside.......why not take your trades at the top or on retracements after the top has been established??? I think that is also what Jessie is saying......

[poh6702]

Originally Posted by golhuntsleep

This is from 2-27-07..........Hows those building shorts going?? I don't understand taking shorts "building" them up when there is still so much upside.......why not take your trades at the top or on retracements after the top has been established??? I think that is also what Jessie is saying......

The whole problem is no one knows where is the top, everytime you think that it is top, you short, then it goes higher, then you though it is top, you short again, and it goes even higher, until you can't hold anymore or getting worry and close with big lost, then shortly after, it tumble like land slide, you are gushing your teeth and regretting. Sounds familar, right?

It is hard to catch the top, you must have holding power, short when it is reasonably high, hold as long as you can until the price drop below the price you shorted, and you will be the final winner.

I started shorting from 1.3223, for every 50 pips will add 1 contract. currently holding 4 shorts contracts. Will hold untill I finally win or account blow. Will update you when one of the scenerios happen.

[golhuntsleep]

Get ready for an explosion.....if not this time....next..sooner or later this market will take your money trading like that....This is a game of small losses and big wins....I couple weeks ago I went against the flow here and bought the euro...that trade ended up -25 pips...that same night I was long the yen against the dollar and euro...they made 200 pips......IF YOU DO NOT KNOW WHERE THE TOP IS DO NOT TRADE...if you try to pick a top, make losses SMALL if your wrong......if you guessing tops, then stop trading while you have money......if your an all or nothing trader, send me your money now.......it will make it to my account anyway and I'll save you the pain and anguish.....you're short 4 contracts........and we are mostlikely still going up..PAST 3340 you tied your own hands and have paralized yourself from making other profitable trades on currencies that are telling you which way they are going.....there are old traders and there are bold traders......but there are no old, bold traders............

[Summerset]

Originally Posted by poh6702

I started shorting from 1.3223, for every 50 pips will add 1 contract. currently holding 4 shorts contracts. Will hold untill I finally win or account blow. Will update you when one of the scenerios happen.

"Pride of opinion caused the downfall of more men on Wall street, than all other opinions put together" - CHARLES DOW.

& Please

"Don't throw away Good Food.."Money".., it accompishes only offence to the CREATOR himself" - MOTHER TERESA,

[golhuntsleep]

Well said Summerset.....Human Nature and the need to be proven right in and of itself is what makes the waves and Fibonacci Theroy work. Don't be a statistic and dig holes wanting to be proven right.....

[poh6702]

Well said my friends, but give the Food(money) to you is sure lose, keep in the shorts position will have chance to win. I believe with holding power and paitent will be the final winner.

Wish me good luck, and we shall see the results.

[dkalense]

You guys are right- you points are dead on, I think-
best wishes poh6702- I have been short again and again-
looking for the top in this pair EUR/USD.
I have limited loss- but still loss.
It is very hard to pick the exact top- but one must have a point of view.
Everything seems to be telling me we are at the top;
The pregnent c-wave is here now,
The US Economy is going to be okay, The EUR is very high.
I want to be short above 1.3300.
warm regards, dkalense.