May the forex be with you...

Here comes EU 1.25

If this market sells off this summer I wouldnt be shocked to see PAR

135.43  2lots  looks like it drifted down to 135 earlier now its in the middle 135.25ish. probably gonna go lower tonight.

walls how fast  is it to get an account with delta ?? also any info on funding the account like do they accept credit cards/debit cards and how fast do they deposit the funds etc... I think im gonna open another account with them so i can play the higher spread pairs. 

also have you guys ever managed an account for someone else ??  Is there anything that would be different ?? or any hoops i'd have to jump through to do this ??

papa,

It is easy to get an acct with Delta..download their software, fund the account and they allow wires, CC etc etc..

I would never manage an account, that is the quickest way to go belly up, put me in charge of someone elses money...

I treat it as my money, so i dont do anything any different. hell i may be even more conservative with it. 

I thought the managed account was them to manage yours?

Theres no way they just allow you to sign up and be in control of somebodys cash..

Im in LB/JPY jumped in b4 we went to dinner...got a good price...had i waited a few more mins couldve had under 135...Wall how far do you see this bouncn?13650ish?

buck,

I was stubborn and left mine out for .75 so I missed it.

I was shooting for 100 if I got in, I would say you should get that at least.

I thought pap was asking about if he was to give POA to someone else and I was saying that I wouldnt ever consider it personally..

no i'm just gonna be doing all the trades for someone. really they dont need to know, how the hell they gonna know who's making the trades really. 

I dont think thats how it works Pap...i think a managed account is your $$ and them trading

Well what you are suggesting is doing trades for someone..and I wouldnt recommend having a joint account, hell I wouldnt take money from anyone, it changes everything.

Going to do a crazy trade here..the EU is about to break through year plus lows here, I am going short one lot of the EU.US at 1.2540 (setting order).

I think the fall continues..

walls i think ur right about the eur here the 3rd test usually is the one that breaks through. or atleast thats what i usually notice. 

Not that it matter Wall but they keep giving me buy signals here at this level in EU...what about a shrt of EU/LB?

You guys cant go to bed its early

Pap what are you looking at for LB/JPY?

First MA on 4h is 13785..we had a 400 pip drop can we take 300 back?

Daily pivot 13644

read this about banks and the recent housing numbers. walls  i think your holding faz this will put a smile on your face. https://www.cnbc.com/id/15837671

I actually sold it already up 50 pips. I'm hoping it floats back down to 135 

oops this the link to thats story https://www.cnbc.com/id/37131956

Im gonna crash out see you guys early tomorrow.

papa,

Thanks for that link, US futures are down and I like that for my FAZ for sure.

I should have placed a limit buy on that EU short because it gave 100 pips and I wasnt around to clear it out, instead it is back up and I will try to take 60 pips and cover at 1.2480 if it goes back there.

Also in for 1 lot (missed the second add by 5 pips) on the Lb.Yen long..

Out of the EU short, only 60 pips which should have been 100.

Will look for 100 on this Lb.Yen long too..

What did you get in at Wall 3475?

Got out of the trade with 90 yesterday maybe ill tail you again here since we are back under 35...

Pap you out of CAD?

buck,

Yeah I have 3475, probably should have taken the 50 on the table, but its not a big deal..I wish I had averaged down then I would be out for more and be done.

well crap there is 1.2440 again and I didnt need to bail early.