It has been a slow grind. Faith in EURUSD shorts are finally paying off .
Watching the ebb and flow of your trade is never easy . I can always find a hundred reasons for taking a profit, and often do if my position is in the money. EURUSD has proven a rare exception as I actually began to believe in my trade and managed to block the temptation of settling too soon.
I took my latest short plunge at 1.1877 . Scolded myself on the way for not taking at least a partial profit on a few occasions as we ticked back up, but stubbornly stuck to my plan .A move below the 1.1660 area will set a longer term trade in motion for me, and I can also see myself adding to my position and thinking big in terms of a major trend change .
EURUSD H4
Collects more scalps than Crazy Horse and newly crowned Bitcoin & Dow top calling master.
Philosophy: "Trading rules.....it most certainly does"
Read how Horatio got into trading here
Philosophy: "Trading rules.....it most certainly does"
Read how Horatio got into trading here
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As usual, looking to ‘squeeze’ more juice from this orange, I am looking at the damage EURJPY could take from the continuation of your current ‘faith’ trade Horacio. There is no doubt we should protect and stick to those trades that slowly turn from winners from all time master pieces.
What are your thoughts on position some shorts medium-term into EURJPY? It seems the cross has not been as enthusiastic as the EURUSD pair to just die/go down and accept the awful truth; time to surrender those highs.
Over to you! Always looking forward to hear your views.
https://uploads.disquscdn.com/images/6f17085b4ba3b3132105754990f15ee2884d6fb6c32e64dd2f7e96d8a07230f1.png
Hola Jose . Agree , EURJPY is a difficult call and I have been reluctant to trade it.
We are moving sideways since the end of September with no real discernible levels above to short from.
USDJPY has found a solid bid today and will not help anyone attempting the short side. We have a real battle on in EURJPY as the two sides of the cross pull against each-other and I prefer it when things are a little more one-sided 🙂 I have just opened a long trade scalp in NZDUSD at 0.7120 .
http://www.screencast.com/t/r3zB7HRxEp6
Hola Jose.
Agree, EURJPY is a difficult call and I have been reluctant to trade it
We have been moving sideways since the end of september with no discernible levels above to short from.
USDJPY has found a solid bid today and will not help anyone attempting the short-side. We have a real battle on in EURJPY as the two sides of the cross pull against each-other, and I prefer it when things are a little more one sided 🙂 … I have just opened a long trade scalp in NZDUSD at 0.7120 .
http://www.screencast.com/t/r3zB7HRxEp6
Thanks for sharing your thoughts H.
Ya, I was expecting more blood and tears out of EURJPY. Carles Puigdemont did not help at all the ‘sort of expect’ crash in the euro. However, as Merkel’s CDU got trashed in Lower Saxony and the rise of the ‘anti’ in Vienna finds enough reasons to keep going, we have no reason to doubt that further downside is in fact doable when shorting EURUSD and that (my turn to hope) let me to believe it is matter of time only before EURJPY gets shot down.
We both know…time will tell.