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    Chinook's EUR/USD (E/$)Mumblings

    On Bloomberg TV now - James McCormick, Lehman Brothers London says we'll see 1.35 next year. He was voted best FX analyst by 50 fx firms. He says ECB won't intervene or cut rates anytime soon. US rates are competetive, but haven't proved anything much - external US investment needs is big...
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    Chinook's EUR/USD (E/$)Mumblings

    Just watching markets a little to see if there is anything dominantly stepping ahead of the rest of the signals. It seems like continued range trading. International trade numbers tomorrow will probably be a little mover - esp. with regards to pre-empting FOMC statement later in the day...
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    Chinook's EUR/USD (E/$)Mumblings

    Surprise move in extension or something below 1.2900. :) My demo account is roughly -90k on this trade so far .. that's a little - I entered just below 1.2950.
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    Chinook's EUR/USD (E/$)Mumblings

    I regretted not staying up to follow the down move .. but I have been where you are now (exhaustion)- so I don't really envy you. I much prefer watching this next development - stalling that is. Brummy Rummy seems to be leaving ... :D (if I correctly understand his recap of his work during...
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    Chinook's EUR/USD (E/$)Mumblings

    Don't get "used to" the big volatility like we saw initially today and on friday ... it's never lasting. Depending on it for your next trade may also tempt you into something which is not too well founded, perhaps not the best of entries for current conditions etc. Seeing how it has settled...
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    Chinook's EUR/USD (E/$)Mumblings

    Funny how that mid-20s level is settling in, isn't it ? :) I wonder how I came to think about it when we went to record highs... trying to get the train of thought from friday back into my head.
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    Chinook's EUR/USD (E/$)Mumblings

    Now Thomson also say they see range trading developing with profit-taking on the last 50s pull-up. Speculations on 1.3000 fears as well - the big-bite I mentioned earlier. Then I guess we'll definitely se 1.3000 sooner than later with this developement. The best thing that can happen is some...
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    Chinook's EUR/USD (E/$)Mumblings

    It seems the slide down from the mid 50s also squared the europeans before the close - although they were probably careful during most of the day. I'm a bit annoyed of not being able to read the Deutsche Bank FX report and Euro sentiment survey yet, but I guess I'm not on the short-list. :)...
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    Chinook's EUR/USD (E/$)Mumblings

    I have a long bias, like I said, it gained me some +6 ticks - although I was looking for a +10 from 1.2925-12935. It will go through there - I just won't see the little drip down and where it goes - that's how I scalp it right now - fearful as always. The demo account doesn't give me a shred of...
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    Chinook's EUR/USD (E/$)Mumblings

    Call them. :) Otherwise, Thomson says they see model funds capping in mid 50s, helped by oil prices and slightly higher US bond yields. So far it looks like ranging - stalling. Well, this would be bullish as long as the euro-talk doesn't get too stern, and we don't see too much build-up on...
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    Chinook's EUR/USD (E/$)Mumblings

    Thomson notes a options-dominated market today. There was this 1.2940 cut earlier which gave strong moves - and the big 1.3000 also seems a likely target for "the big boys" according to Thomson / www.ifrmarkets.com . Oil still under pressure and interest diffs continously widening might give...
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    Chinook's EUR/USD (E/$)Mumblings

    Going long on demo below 1.2950 when stalling went into a slight drizzle. Target around highs. This vents off some of the frustration, but does not make me money - just keeps me from losing any. :D
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    Chinook's EUR/USD (E/$)Mumblings

    I think it'll do some more high testing now, but I'm still a little drowsy. Pain is seen ahead, also big bucks on those barriers. edit: the current moves have locked me out a little, since I have to let go of all the ideas I had before resting - since they've already happened ... still it...
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    Chinook's EUR/USD (E/$)Mumblings

    I found the way I got back in the game was by absorbing all of the news I could, and then doing some trades - demo spot and real EuroFX. I did some very stupid, rabid trades on the demo at first - and that scared me into doing better for my EuroFX. Therefore the demo spot is sort of an vent for...
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    Chinook's EUR/USD (E/$)Mumblings

    Back from the twilight-zone again, but as always ... my spot FX demo account does absolutely fantastic, but I'm still here with no great system for my EuroFX trades. My target got hit, so I guess I will have to find something new to ponder about. It's almost too bad I didn't stay up 'till...
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    Chinook's EUR/USD (E/$)Mumblings

    Looks a bit choppy alright. I think there won't be a big move right now, so better get some sleep. I will re-enter for my target if it still exists - it's just that I can't allow me to set it on auto-trailing or stop .. since it would only be "random" anyways - and thus meaningless for me...
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    Chinook's EUR/USD (E/$)Mumblings

    I got out at a little profit (2 ticks) - because it didn't get any bigger slide at the open - so I figured it would get back up - at least some good probability for higher testing/chop a little. There are probably not too many players in there who're betting on a bigger move right now - so...
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    Chinook's EUR/USD (E/$)Mumblings

    Today is quite special ... 12:30 GMT there will be a G10 announcement - the start of mettings for today and tomorrow. They will discuss currencies amongst other things. The uncertainties is what aches me ... it was quite easy to identify when the marketmaker (MM) was wanting to pull things up...
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    Chinook's EUR/USD (E/$)Mumblings

    Yes .... Quite a stretch, but it's been busy with some scripting etc. I have a feeling that the 1.3000 might give a mighty big bite today.
  20. G

    Chinook's EUR/USD (E/$)Mumblings

    Not a very thick book here 25 mins to London open. But we're back to square #1. I've been struggling to find good stop-levles, trailing or whatever, and this is why I'm not that good at these positions. I could call it quits at break-even, but there's no fun in that; it's getting very...
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