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- DaEdge replied Jan 10, 2013
Did you ever think it could be smart money doing the buying or lack of smart money selling.
EURUSD
- DaEdge replied Jan 10, 2013
I'm pretty confused as to why everyone insists on wanting to short this pair. There is zero reason to be the first the party on the shorts, if the direction is really going to be downwards the markets will give you a second entry after it confirms ...
EURUSD
- DaEdge replied Jan 10, 2013
Oh I didn't know that, then thats very reckless. Adding into intraday positions requires an insane amount of discipline & skill. To do it properly & profitably you literally can't take your eyes off the screen & you need the discipline to cut the ...
EURUSD
- DaEdge replied Jan 10, 2013
If we close anywhere near these levels I think you'll see the bullish divergence your looking for.
EURUSD
- DaEdge replied Jan 10, 2013
It really depends on how long he's looking to hold these trades and what his target is. I generally use roughly a 200 pip range depending on volatility of the pair to build positions & I look to hold them for a couple of weeks at least. Maybe he's ...
EURUSD
- DaEdge replied Jan 10, 2013
Can't complain booked some very nice profits this morning from a/j & e/j long that I took last week in front of NFP. Looking for all these yen crosses to pull in little so I can add in some more.
USD/JPY Discussion
- DaEdge replied Jan 10, 2013
I don't trade with Indies because I don't really understand exactly how they work, but if I'm understanding correctly your looking for the daily close to confirm bullish divergence correct?
EURUSD
- DaEdge replied Jan 10, 2013
How's it going today brinks? I'm keeping a close eye on this pair looks to be slowing down some here, I'm looking at all the yen crosses & today's range on u/j seems a little low compared to the rest & what has been the norm.
USD/JPY Discussion
- DaEdge replied Jan 10, 2013
I just booked half my profits on the e/j & a/j I was long from last weeks London's session pre NFP. I'm looking to add some more back into both yen trades if I see some weakness & can find a spot. Hopefully at some point tomorrow or early next.
EURUSD
- DaEdge replied Jan 10, 2013
It got close enough to the level to warrant me taking a stab at it here. I'm watching the daily close as well to see if it justifies add on in front of london session. Could be a nice 500++ pip move over the next few days if the level holds.
EURUSD
- DaEdge replied Jan 10, 2013
Anyone else looking at this setup. Lots room to the upside. I just bought some here. image
EURUSD
- DaEdge replied Jan 10, 2013
Not these specific levels per se just every night for a while now.
USD/JPY Discussion
- DaEdge replied Jan 10, 2013
The same thing has been said every night for the last two months now.
USD/JPY Discussion
- DaEdge replied Jan 10, 2013
This is what the majority of algo trading is. They don't care long or short they take whatever they can get filled & it's immediately put on the other side. Depending on what your trading it can be done for a loss & you still make money on the ...
EURUSD
- DaEdge replied Jan 10, 2013
I'm not sure how up you got the idea of no strategic buying or selling from what I said above. & yes banks take whatever is available it's called a being liquidity provider. Why do you think you always get filled. Doesn't mean there going to hold it ...
EURUSD
- DaEdge replied Jan 10, 2013
Just remember things always go further than expected, & with everyone expecting a selloff the odds that it doesn't happen get much better.
USD/JPY Discussion