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

Hope you didn't fold in the dip around asian markets open. I think the asian markets have shown a lot of feisty buying of € lately, so it's worth a try.

We could see more 1.2700-toggling though before a good move builds.
:)

edit: those clever guys at Thomson went flat at 1.2685 .. the way down from 1.28 ... :p
 
Now those guys at Thomson went short at 1.2720 ... They admit a tight stop of 1.2750 but a whopping target of 1.2620.
I think they got a little careless with this one, perhaps by the success of the other. Considering the numbers and upcoming events mentioned earlier it's highly uncertain what could happen - although I still think that a bounce towards 1.28 would affirm the €'s rice greatly, whereas a dip further down not would be very significant to markets mid-term ... unless a sharp break down like mentioned before. I still think the risk is for upwards move, and Thomson cites highly oversold indicators.

It's that freaking 38.2% retracement of the recent move again that is their target. :D
 
Quote from Gringinho:

Hope you didn't fold in the dip around asian markets open. I think the asian markets have shown a lot of feisty buying of € lately, so it's worth a try.

We could see more 1.2700-toggling though before a good move builds.
:)

edit: those clever guys at Thomson went flat at 1.2685 .. the way down from 1.28 ... :p
More...

I did pull my stop down to 1.2671 right before the slip below 1.2690! Lucky me...

Are you still in?

Edit: Did you have any IB problems today? I had blank quotes and my native GLOBEX exit stop limit order didn't work for the first time!

 
Quote from chinook:

I did pull my stop down to 1.2671 right before the slip below 1.2690! Lucky me...

Are you still in?

Edit: Did you have any IB problems today? I had blank quotes and my native GLOBEX exit stop limit order didn't work for the first time!
More...

Yes, I'm still playing the long-shot. I had no IB problems today or any day recently. I saw there was problems with a Hong-Kong server, but I don't know if they have any backoffice upgrading underway as well - since so many reports of problems are surfacing.

I have a quite wide stop, but I will re-evaluate if I'm awake and something seems amiss. The mid 1.27s is a very realistic target in my view - not a table-grabber like the 1.2620 target of Thomson. I'm not that good at position trading. :)

edit: (post# yes, but I guess I have written *A LOT* lately since you have a year's more registration time than me)
=)

[remembering on other stock-trading-sites how I would be rewarded for writing good posts; what's up with that, Baron ? *hint,hint*]
 
I moved my stop to little bit over 1.2700 but I'll monitor it until an hour after the European open. I'll trail it as usual.

Edit: We almost have same # of posts :)
 
Is it just me, or have things finally started to pick up again? For the past few months, it seemed that there would rarely be any significant movement outside of the European/U.S. trading hours; lately, it seems there's been a lot of movement in the Asian session as well.
 
Quote from SteveL91:

Is it just me, or have things finally started to pick up again? For the past few months, it seemed that there would rarely be any significant movement outside of the European/U.S. trading hours; lately, it seems there's been a lot of movement in the Asian session as well.
More...

I'd say especially during the last 3-4 weeks, there have been some good moves in the Asian sessions.
 
I guess I should have been stopped out, but I didn't wake up early enough. Instead I see a nice profit ... albeit only for a few contracts. Oh, well - just goes to show what a bad position trader I am - not using hard stops.

Thomson was stopped out at 1.2750 - too bad they didn't get to 1.2620 .. only a few pips away, but they had a tight stop and already made around 100 pips on the previous trade they did.

Thomson presents a few seemingly politically tainted comments about € earlier, so I think some of the comments may be taken with larger grains of salt for a period.

edit: I just went flat on 1.2750 too. It might be stops-running. Nothing learned from this "position trade" though - well, maybe have hard stops ... or maybe my own style of scalping suits the markets better for now ?

(IB also seemed to have some data dissemination problems, so have to be extra careful .. it's all working though)
 
Just did a quick 6 ticks short as well, it seems to be stalling for a little around this perceived resistance-level, although it has gone through various stops here.

Hmm, it extended a few ticks further down for some chopping stop-run it seems. This further enforces my view of stalling around this level for a little while. Markets need to figure out if the ECB will support even stronger € from this level, and what impact the Chinese announced rate hike will have on the USD.
 
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