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RebelRed replied Jun 21, 2010Yeah, i think you need to keep about a 2:1 ratio in general. And be realistic too.
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RebelRed replied Jun 21, 2010The same reason why I ignored my buy signal on the the gbp/usd the other week when it was at around 1.4400.

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RebelRed replied Jun 21, 2010I went short earlier. I liked the idea that 2460 might be the top of the day so I went with it. Watching it closely though.
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RebelRed replied Jun 21, 2010He just forgot to mention that they'd all be part time, temporary government census jobs.

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RebelRed replied Jun 21, 2010The other day China announced they are interested in not pegging their Yuan against the USD anymore. Instead they will float it. This is good news for the US as a whole, because imports from China will get cheaper.
On the flip side, exports to ...EURUSD
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RebelRed replied Jun 18, 2010Depends. I got good spreads for the most part. Basically I spent 8 hours loading up on lots and taking down a few pips at a time. At first it was a little boring, but I got a nice stash built up. There was a time earlier where the spread seemed odd, ...
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RebelRed replied Jun 18, 2010All I know is i scalped the absolute heck out of the UC over the past like 8 hours. Practically criminal. Who says you need big movement to enjoy a stellar day.
Not even going to dream of shorting EU for a bit. Better entries lie ahead I think.EURUSD
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RebelRed replied Jun 18, 2010Did someone just say that they are risking 20% of their capital in a trade? Think I read that wrong....I hope.
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RebelRed replied Jun 17, 2010About here means that by close of NY, we could be 2450 range, which is on par with growth levels. Might even touch 2500 and pull back some. Just talking about where we finally end the week, not how we get there. Point is, there are signs of ...
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RebelRed replied Jun 17, 2010The trend in 2010 is 400-500 pip retracements before a further move south. We are in the zone now. I'm looking for a retracement by the 2500 mark. Not guessing. I'll wait for a solid bear day first. Think we end the week about here and setup for ...
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RebelRed replied Jun 17, 20101.2500 is a huge psychological number. I'm waiting to see if we get close and if we start the South train up again.
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RebelRed replied Jun 17, 2010Both currencies are weak unfortunately. However, the US is in a better position in the near term than the EU. Let's see how it plays out.

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RebelRed replied Jun 17, 2010I feel for you. I actually think it might be coming down again too, but I got out of the short game when it started to go up. I'd love to be on the bear run from like 1.25ish.

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RebelRed replied Jun 17, 2010Wow. I guess you figure there isn't too much more to go now. Hate to ask, but are you trying to average down your trade too?
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RebelRed replied Jun 17, 2010Wow. I set my UC short to tp out at 1106. I go to bathroom and come back and it hit the target. Problem is I now have a live long order. WTH? So I lose a few pips. I had no pending orders. Odd. Had a few drinks last night but I know I didn't put in ...
EURUSD