[mblack246]

Originally Posted by thalestrader »

As far as anyone's current views on the EURUSD, all you need is a chart.

Best Wishes,

Thales

Hi Thales,

Just wondering what you would think of an entry here.

Price made a L-LH-LL-LH over an extended period of time. It then made several attempts at breaking the latest LH, failed, and quickly fell away.

Thanks,

mb

[thalestrader]

Originally Posted by mblack246 »

Hi Thales,

Just wondering what you would think of an entry here.

Price made a L-LH-LL-LH over an extended period of time. It then made several attempts at breaking the latest LH, failed, and quickly fell away.

Thanks,

mb

I myself would have waited for the break below the level you mark as "HL". But that is me. There are plenty of traders who would enter a position just as you mark here (Joe Ross calls this the "Trader's Trick Entry" I believe). If you are comfortable with making your entries at such points, and you have success with it, then you should continue, right?

Best Wishes,

Thales

[thalestrader]

Originally Posted by thalestrader »

a short on the EURUSD after all that ...?

I guess so ...







Best Wishes,

Thales

[motion100]

Nice trade Thales.

Out of interest is this a typical piece of PA that you trade after events such as NFPs?

Regards

Steve

[thalestrader]

Originally Posted by motion100 »

Nice trade Thales.

Out of interest is this a typical piece of PA that you trade after events such as NFPs?

Regards

Steve

Its the same as I always trade, whether NFP or any other day - High at resistance, a 123 indicating a possible short opportunity, etc. If anything, what is not typical is that I did not feel comfortable going against that impulse, and so I did not short the 6E as I would usually do, but instead shorted a small position in my daughter's micro account (very small - three dollars/pip).

So is this typical NFP? No, it is just the same thing I have been doing here day after day after day. But what is not typical is that I really did not trust what price was telling me, so I basically stood down. I'm not terribly happy with myself for that, but I called my broker, and they will not allow me to enter a short based upon where price was thrity minutes ago, so I am stuck with a little 30K spot position. Of course, if this goes back to the lows of the session, then that little short will be worth $300, which isn't bad when you figure the initial risk was a $66 bet, right?

Also what is typical is that I usually do not enter a position before the number, and I will almost always wait for price to get somewhere significant, i.e. S/R and then decide what, if anything, I'm going to do about it.

Best Wishes,

Thales

[TradeRunner]

UK weather chaos has given me a chance to catch up.

Here are my results from the 7th: 6 trades (+30)

[fxThunder]

Originally Posted by thalestrader »

Its the same as I always trade, whether NFP or any other day - High at resistance, a 123 indicating a possible short opportunity, etc. If anything, what is not typical is that I did not feel comfortable going against that impulse, and so I did not short the 6E as I would usually do, but instead shorted a small position in my daughter's micro account (very small - three dollars/pip).

So is this typical NFP? No, it is just the same thing I have been doing here day after day after day. But what is not typical is that I really did not trust what price was telling me, so I basically stood down. I'm not terribly happy with myself for that, but I called my broker, and they will not allow me to enter a short based upon where price was thrity minutes ago, so I am stuck with a little 30K spot position. Of course, if this goes back to the lows of the session, then that little short will be worth $300, which isn't bad when you figure the initial risk was a $66 bet, right?

Also what is typical is that I usually do not enter a position before the number, and I will almost always wait for price to get somewhere significant, i.e. S/R and then decide what, if anything, I'm going to do about it.

Best Wishes,

Thales

Hi Thales,

You mentioned in a post in late Dec that you may trade a $250 account - boom or bust. Do you still intend to do this?

Cheers,
eNQ

[motion100]

Hi Thales,

Thanks for your comments regarding ranges and breakouts. I'll certainly try and incorperate that in the future.

I'm currently looking to go long at the high of the US session on EJ. Stop will be below recent low if it comes as planned. anyone any views/comments?

Regards

Steve