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

Ivanovich · Nov 23, 2004

Heading to bed. Placed a short with a stop at 1.3006.

It's 11 PM here. Good luck, fellas.

TradingWise · Nov 23, 2004

I do see a doji on the half hour charts a few bars back Viper, that would have been a good place to short. Too bad I didn't see it.

V-Viper · Nov 23, 2004

Quote from TradingWise:

I do see a doji on the half hour charts a few bars back Viper, that would have been a good place to short. Too bad I didn't see it.

Isn't trading so much easier in hindsight

It might still be a good short, engulfing pattern confirmed the doji. And still going down, very very slowly!!

SethArb · Nov 23, 2004

on the highs and only scalped it

instead of holding on for 20-40-60 max
tick gain ...

I need to have faith in myself sometimes

what was interesting to me was on the highs in cable .... there were a ton of offers above 1.87 big figure dec futures

which either was going to mean
the next move might be to gun stops
but instead it seems the offers were
too heavy to lift ... unless they were to be cancelled out

SethArb · Nov 23, 2004

could there be some choppy movements due to poor liquidity in the next 24- 48 hours due to the Thanksgiving holiday ?

fandelem · Nov 23, 2004

Quote from SethArb:

on the highs and only scalped it

instead of holding on for 20-40-60 max
tick gain ...

I need to have faith in myself sometimes

what was interesting to me was on the highs in cable .... there were a ton of offers above 1.87 big figure dec futures

which either was going to mean
the next move might be to gun stops
but instead it seems the offers were
too heavy to lift ... unless they were to be cancelled out

GBP is looking attractive to go long on .....

edit: as thomson reports: " The primary trend remains higher, but hourly studies are
overbought now and prices are not too far away from key historical resistance
at 1.8775. Looking for a dip back toward 1.8640 or 1.8615, the prior trend
highs, to take on new longs. (ams/RD)"

TRADERguy · Nov 23, 2004

Quote from SethArb:

could there be some choppy movements due to poor liquidity in the next 24- 48 hours due to the Thanksgiving holiday ?

Thanksgiving last year, the Euro opened at 1.1775 which was the low, rose to 1.1948 and closed at 1.1932. I only have daily data back that far and I wasn't trading on turkey day last year so I don't know what happened that day.

Cheers,

TRADERguy

chinook · Nov 24, 2004

Euro seems to like flying during the European session these days. I closed my long before the Asian session for peace of mind. At least, I didn't get caught short in this madness.

Chinook might need to fight again for pennies during the US session after this runup

Although today we have a busy schedule with several numbers coming out. Hopefully, this'll create at least some tradeable volatility.

chinook · Nov 24, 2004

Neal,

Are you playing with Crude Oil? This dip here is looking buyable to me. What do you say?

trade-ya1 · Nov 24, 2004

I'm not playing it. Although, I agree it's in an overall uptrend and these last 10 dollars are probably just a retracement presenting a good buying opportunity. I'm currently only playing EUR, Bonds and S&P. However, my EUR position is really the dominate factor in my trading. How come the thread has been so inactive for the last 10 hours? I thought with this move I'd wake up and see pages of commentary. Is everyone just long and strong? Maybe time to sell

. Actually, another few big figures and some poor price action and I'm heading to the sidelines for the time being. I'll keep you updated if/when I do.