Having entred brief on euro/usd and gbp/usd , I am still bullish on equally at the long term.
Having entred brief on euro/usd and gbp/usd , I am still bullish on equally at the long term.
Nope on the Non Farm roll I made a profit.
Additionally I shook my trades at break at the news time I was not expecting such a bad result on the news.
Also I went flat before the news:
i.e. euro/usd exited at 1.2065: 25
and GBP/usd 1.7475: -11
I'm flat Right Now, but am looking bulish
~
Actually my NFPR only reached its longer term goal yesterday:Originally Posted by ;
Originally Posted by ;
Is not it nerve wrecking that after you get to your profit objective which you have to think about reentering the transaction. How can you do so?
Currencies trend but they dont trend in a line, They go up, conslidate create negitive divergence see oops we are currently going the wrong way, return and go up.
My long-term profit objective for the euro is 1.4000 , now I'd be crazy if I just bought euro/USD and anticipated to hit 1.4000 it does not happen this way, as long as the pair keeps rising as it pertains down less than what it's climbed I will be bullish.
Also my thought on re-entering the trade , Sell the pair in an up trend when all of the indiors are shouting over bought. And re enter at a retracement of the up trend
Having said that I expect the euro to rally further over the upcoming couple of day however it may just consolidate a little before heading up again.
Hello Men,
After a holiday, I'll be back posting my trades, BTW my Euro trades are doing really well.
That is my view on the market:
Euro/USD: over purchased, also the advertisements are promoting the euro futures, signaling a possible end to the run.
Usd/Cad: Appears to be making the 1-2-3 underside on the four hrs charts.
According to the hottest COT, the commercials are net short on the Euro.
This meens We ought to anticipate a downfall of this Euro/usd When we're in resistance levels and should me have negitive divergence on a higher level chart.
As of now, I see Potential negitive divergence on MACD, if the euro strikes The Weekly/Monthly Piviot amounts of 1.2805 and 1.2820 respectively.
I would like to go short on the euro at roughly these amounts with the following transaction:
Euro/USD -- Brief
Sell Euro/USd -- 1.2805-1.2820
Stop Loss ------- 1.2855
Target----------- 1.2624 ( Monthly Piviot degree, Resistance tunred support)
Other transactions comming soon:
AUDUSD short at 0.7745 SL @ 0.7781 Target: 0.7592
(Counter trend trade, sell on possible change, want to be carefull)
EURJPY long at 141.62 SL 141.37 goal 142.60
Hi huskin,
where do you get the COT information from? I've read about it but havent been able to determine how to read it and where to get it from.