Shorting Euro.

[novice41]

Be careful betting on rising dollar ( falling EUR CHF GBP). Gold price is rising in Asia (now at 374). This usually correlates with falling dollar. Gold is rising probably because the war is becoming more certain N. Korean tensions. I am not saying that dollar will necessarily fall further but this can easily happen.

To be ht I am stuck with an unrealised loss on being long USD/CHF am praying for dollar to go up.

[dfxtrader]

Well I wouldn't doubt for one bit that gold going to be a safe haven that gold's going to continue to rise in the face of war. But looking at the fundamental serves' little purpose in the case of trading I find. As was confirmed by TC he doesn't really pay attention to the News it just only screws your trading technique. I think I like to look at the technical the TA based on a hourly MACD tells me that the EURO is crossing over to negative territory. This tells me that I should short the EURO.

If I'm wrong so be it. I'll take a hit wait for the next opportunity to trade. Why frustrate yourself with something you can't control? I not trying to be 100% correct. I just want to be correct a majority of the time. That's all I care.

dfxtrader

[igaton]

Originally posted by dfxtrader
Just wondering outloud..

Anybody shorting Euro GBP longing JPYCHF.

Rustytraders is as I look at the daily charts... I think the trend for a stronger USD is starting.

Besides the 1/2 hour MACD has crossed over to Short EUR so I am looking to cash in on about 45 pips or more with a tight trailing stop. I've put a stop of 15 pips the high of the last 3 hours.

Hope to hear you. Maybe TC got other ideas.

Dfxtrader

Am short on EUR/USD since 3 Feb 17:18 EST at 1.0797 limit 1.0767. I'll just sleep on it since I was able to put a stop 10 pips below entry.

[niknok]

i agree to that man. +30pt is almost always attainable just by 9 18 ema. ofcourse we can't be correct al the time. the key is always capital preservation.

[dfxtrader]

Looks like it was a faky....got stopped out at 1.0785.
Could be a bull move ?? or just another fake.
I guess will wait if it pierce resistance of 1.0800.

dfxtrader

[igaton]

dfxtrader

Doesn't know what to say. It seems we (at least to me) are in unpredictable waters. Guessing whether it's a faky or not won't help. The three sessions sees EUR/USD differently. Keep your cool if you are in the wrong side just run away as fast you can. Mine was stopped before the avalanche. Able to keep 10 pips.