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- skillz16 replied Jul 7, 2017
Is it the blow off top? I just took profit on all my longs... I'll need to wait for the next "long term short" signal. My calculations have that at 4 trading days away but with the way it's been, I suppose who knows... haha.

EURUSD
- skillz16 replied Jul 7, 2017
Wow, comes in high positive number well above expectation and USD drops, EURUSD up? Lol. What?
EURUSD
- skillz16 replied Jul 6, 2017
"They" does not exist...
"That one person you need to succeed is in the mirror staring right back at you. [Don't look for it outside of yourself]"EURUSD
- skillz16 replied Jul 6, 2017
Looks like we have 4 day max before the SHORT move starts to come into play... at least by my metrics. Most cycles for me seem to be about 1/2 to 3/4 of a trading month. Of note though is that short always seems like a less clean signal for me - IE ...
EURUSD
- skillz16 replied Jul 6, 2017
First key is always to stop listening to "them" and originate your own thought/models. In my opinion.
This is actually a life lesson here also. See, FX can teach you so much about life also! =DEURUSD
- skillz16 replied Jul 6, 2017
I just took all but two of my 0.05 lot positions off. I'm keeping 2 because I'll reload on the NEWS tomorrow most likely. the 4 HR is looking like a DOJI and this is just my small daytrading account... I can hold the whole signal period in my other ...
EURUSD
- skillz16 replied Jul 6, 2017
Maybe a short point at 1.14247... or now if you are feeling bold. But I'm long term long, so I'm holding. Would be definitely "counter-trend." Think it would not pull back to below 1.13600.
EURUSD
- skillz16 replied Jul 6, 2017
By my metrics, any SHORT would have a difficult time breaking 1.1360 though. It would seem. Until news tomorrow morning (potentially) of course...
EURUSD
- skillz16 replied Jul 6, 2017
Wouldn't be surprised if 1.14220 serves as a resistance temporarily here soon... and we see some pull back/profit taking that drives it down. Still personally will hold though because LONG TERM LONG. For anyone who wants to short though, 1.14220 ...
EURUSD
- skillz16 replied Jul 6, 2017
Yeah, I was carrying "full margin" and I lightened and took off higher priced positions. If it DOES fall, I'd expect and my signal to switch to SHORT is probably going to be around 1.1280. So long story short: If I can get a good enough price, I'll ...
EURUSD
- skillz16 replied Jul 6, 2017
I'm likely going to hold this position for the "longer term" - until I get a longer term signal change on the 4HR. I feel like having a AVG LONG price at 1.1325 seems really good based on the action right now.
EURUSD
- skillz16 replied Jul 6, 2017
My average LONG price is 1.1325 and expect it to slowly "melt higher"... Summer melt up. At least till tomorrow's news. Haha. Took some profit on my crappy higher up positions to lower my overall cost basis though.
EURUSD
- skillz16 replied Jul 6, 2017
With the news flow right now and with the fact that it got above 1.1360, I'd not want to be short. This feels like a TREND UP a lot over time day to me with the news, but I suppose who knows.
EURUSD
- skillz16 replied Jul 6, 2017
Wow, this up move could get interesting... could SCREAM upward at this point in my opinion. I think Margin Calls and SLS are being triggered right now... EUR bonds sold, RATE UP, EURUSD up. "1218 GMT - The European Central Bank's June meeting ...
EURUSD
- skillz16 replied Jul 5, 2017
Well, from what I've seen it is companies hedging "forward" - they know that they will recieve around a certain amount in foreign currency in the future and they want to lock in the USD price to convert back to USD NOW. And they pay a spread to get ...
EURUSD
- skillz16 replied Jul 5, 2017
My strong bet would be they just "make the market" and make bespoke derivatives to hedge for their clients "FX risk forward in time", then go to the futures market to hedge that out... and that they make most of their money buying, selling, and ...
EURUSD
- skillz16 replied Jul 5, 2017
40-60% of their profit is from FX? Really?!? Will have to see if I can audit some of that out. I'm having a bit of trouble believing that. Although does DOD FRANK not limit currency speculation or something? haha. I suppose it is about ...EURUSD
- skillz16 replied Jul 5, 2017
News comes out all the time and is a big part of what creates opportunity in price given "value." If you are not trading around/with the news, what are you doing right?

EURUSD
- skillz16 replied Jul 5, 2017
If it can convincingly break 1.13600...could jump A LOT UP. That looks to be the SHORT RESISTANCE. My money would be on it breaking that at least for the time being because we are still in "LONG TERM LONG" pattern right now.

EURUSD