Moving stop.

Zappa's Journal

And finally, my stop for now. I think this is giving it plenty of room. If it goes down that far, then I don't want this set-up anymore.

Zappa's Journal

Yes, it does look very possible. Euro looks like it might be at the bottom against pretty much every other currency. This is another reason I say the Euro could be VERY powerful for a while. And EURGBP is why I went long EURUSD not GBPUSD.

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I noticed a lot of people think parity is inevitable, and in the very near future. What happens when EURUSD continues going higher and parity gets further away? People will start to panic and bail on their short positions. This is the foundation of ...

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Another more refined look. Obviously, much deviation from the projected path voids the entire thing, but I still think its a great skill to practice. It helps keep you a few steps ahead, provided you get it right. More than that, it forces one to ...

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Thanks. Did you reverse? Dude, the EURO is about to go on a fucking tear! This should be fun!

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Here's what I'm thinking.

Zappa's Journal

Looking to 1.1335 for first layer of resistance. I don't think we'll see a huge sell-off from there or anything, but maybe 100-200 pips. I'll see when it gets there, but so far bullish momentum is still very strong.

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Speaking of stops, moving mine closer to 1.0655.

Zappa's Journal

Alright good. I still think you're going to be kicking yourself for exiting your pounds, but as long as your not over-leveraged again you'll be alright.

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I hope you have a tight stop, that's all I'm going to say.

Zappa's Journal

Should be safe to move stop closer to 1.0610

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Well, let's see what happens, CK. I would wish you luck, but then that would be wishing myself bad luck! Hopefully we'll both find a way to win.

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It started out strong , but has been fizzling out. The bull run was strong right up until the moment that sellers stepped in.

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I was thinking 1.4250, but as I said before FOMC, I was NOT expecting any big moves upward. What we just saw had some POWER! That's wasn't just one powerful spike. That was 2 hours of very strong buying. You don't fuck with that. And maybe I'm wrong ...

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Alright, well let's get back on topic then. The EURUSD made a turn at a crucial point today, and I see evidence of real buyers down here. This trade looking much better than it did when I first entered. In fact, I just doubled my position and now at ...

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If you saw the short squeeze to 1.1 coming you would have sold at 1.1 instead of 1.08. Now let's leave out the bullshit and be honest with ourselves as we both made mistakes yesterday. Each mistake is a chance to better yourself so long as you ...

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If this turns here, watch out! We could see an amazing short squeeze. Yesterday was just the beginning. Targeting 1.1630. This could get wild!

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Trying another long. Target unknown, but far away.

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