Recent content by chad_17

I'm playing options on FXE to get exposure to EUR/USD.

lol @ the disparity between those two comments. nothing personal - just an observation.

Thanks for the insight buddy - appreciate it..

This euro rally looks like it has the feet - it will definitely cross 1.45 today. But the timing this rally is what drew my attention - i read somewhere that you should expect erratic swings during the holiday period so this might be just that, or it could be profit taking on euro shorts. I...

If it goes too far from 1.44 i think the Eur will have the upside advantage

I'm just looking @ a 5min chart waiting to see how this spike plays out - if it has the legs to go higher then it may be a good time to get out of euro shorts cuz the euro has been trending higher the past few days, this could be a result of thin liquidity as well.

it absolutely spiked up - maybe someone covered a Euro Short?

My guess is thin liquidity due to the holiday season - whether or not this turns out to be a genuine reversal, we'll have to wait and see.

That's in about 30 mins.. How are you playing this bud?

In my opinion, it was just a short squeeze folks - this dollar rally wont last into 2010. The unemployment number is coming out today and I believe that will be an excuse to push the dollar down further. Be careful out there

I don't follow .. What are you implying?

You make a good point - I'm worried about a sharp reaction in the EUR as well. Look at the Open Interest in the Dollar Index Futures (line along the volume in the image attached) and tell me what you make of it.

So you're a proper Euro Bear now? From selling puts to buying 1.4 puts? lol I hope you're right buddy, cuz I'm looking at a bearish put spread as well on the Euro. How are you trading it?

That's quite a call man - do you have anything to back that up?

Thanks for the explanation buddy - you've made me see the light.