EUR/USD

[layinwood]

Giving a little heads up on what should be a very nice short on the eur/usd.

If it can go lower than 1.5283 then it should be set for a very nice ride down. This will be a longer trade than I'm normally in, well I guess depending on how long it takes to get there. If it does break it you have two choices.

1. get in on break and role with (I'll be doing this one, my entry will be 1.5280
2. Wait for it to break and then retrace back up to 1.5583 area. This will give you more profits and less risk but it may never go back up there before it makes it's fall.

I'll be riding this down to 1.5023 for the first half my trade. After it reaches that point I'll close 2/3of it and keep the last 1/3 rd open until it reaches 1.4863.

The first two lots will make me a little over 5k and the other lot will make me about 4k.

 

[kickserv]

"The first two lots will make me a little over 5k and the other lot will make me about 4k."


Wow........:scared


Is it possible to do the same thing with US/Canadian:shrug:

 

[layinwood]

Kick, yeah you can do it on the usc/cad. I got out of my long yesterday on that one. It broke a very key level for a long signal this week so I rode it up for a few days. I'm in a wait mode right now with it. It has another 300 or so pips before it hits some major resistance. After that happens we'll see if we can't get a good signal either long or short.

 

[kickserv]

ok gotcha...thanks:SIB

 

[layinwood]

Well it brok thru that low last night and went down very close to our first target. Since it's Friday and I would rather take profit I'm going to go ahead and close my first 2 lots and leave one open.

Closed at 1.5076

That's 204 pips x 2 lots=408 or $4080.00

Very nice trade, it only took 4 hours once it broke the low.

We now have 1 lot we will hold on to until it reaches our next low.

 

[layinwood]

I should have waited 15 more minutes Friday, as soon as I got out it went down to my first target so it cost me an extra 1k by not waiting but I'll still take my profit.

The second target was hit yesterday for a profit of 4k on one lot

That's 9k in two days on this trade. I only used
5k to make it and I really only needed about 2 if that.(Actually 750 would have been enough on this trade but that's not normal)

Until next time, good luck with your investing.

 

[selkirk]

very good trade, will have to look more into this, just trade stocks and stock options.

keep posting these trades, thanks.

thanks
selkirk

 

[ssd]

Layinwood:
I am looking mid-term at a Euro-bounce and then 1.2975 is a key level - I am looking at US strength as stressed money returns home and US is usually a safe place in uncertain economic times. Looking for GBP-USd at 1.70 and Us-Cad to range trade b/t 1.06 and 1.12.

Nice call on your trades. I was short Euro and Aud in the moves the past two weeks - short the Aussie, too if ur trading station trades it. May get some short covering and short squeezes this week as everyone got long on the USD but I am just looking to re-enter my shorts on the Euro and the Aud on the bounces.
RBA will be cutting interest rates soon IMO.

Plz keep posting your trades also