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

Anyone else are probably not trading or getting ready to go and stuff that turkey. A quiet day volume wise and quite upsetting, price wise. I seriously do not think it's healthy for europe to take all this weight of the USD.

I of course refer to the speed of the rise.

That's also why I think it will chop back some, because it defeats long term logic. When markets start getting into extremes it will correct itself, at least one can hope.
 
Just got back from shopping for dinner tonight (Celebrating thanksgiving here in Moscow - lol)...

closed out up 50 pips. Gonna jump back in again soon. What do you think, Gring? More milage to go tonight?

Where's that crystal ball Neal at when ya need him? Probably stuffing himself with turkey!
 
Well, looking at volumes for EuroFX, it's not anything to cheer about. I have a little position down on demo spot, that's all. I think it's too hairy for me, since I don't know if sentiments will change or not.

I am too tired to scalp, so I'm not venturing into that, also the moves are like I said a little erratic, requiring very good setups to be successful. That is unless doing like you, and taking those +50 ... :)
 
I hope you got those +10 too, it was definitely possible. I did some USDJPY scalps and some EURUSD scalps when US RTH opened briefly.
They close in 20 mins - 10:00 EST remember.

A fairly trading day for me, but I had a little higher hopes for the markets - as I had hoped it contained itself below 1.32 for now. But in a thin holiday market - you never know, right ? :)

I guess I talk a lot of politics too or economic effects of the exchange rates right now - but I think this is part of the fundamentals we all need to consider - and as part of the popular talk it carries weight after some time gathering momentum and popularity.
 
edit:
It's like - a thousand contracts around 1.3228 right now ... but still no sizable hits on the bid side ... amazing.



Actually it was 28,29,30. Hello~ I took profits on half my long term core position. :) Made about 12 big figures in total on that half. Still hoping for some more on the 2nd half, however, the sentiment is getting a little too bullish (but the chart says we have at least more push to go to the upside). Look for a key reversal day to end this when it does at least on a temporary basis.
 
With all due respect Gringinho, 200 lots cannot push this market more than 1 tick. It must be a larger cash player with the arbs following in futures. As they say, the seller is always the buyer! :)
 
I know .. the large lot (alone between all the small lots) just keeps someone like me - tapereaders - from scalping. One could also see that if they got a sizeable hit in their direction they popped up after not being visible and started pushing the other way. Without any EBS based system or similar I have little clue of what's actually happening - just see what the EuroFX seems to be telling. Well, IB IDEAL Pro and the other FX shops shows spot and their variations, but the difference is more interesting on something like USDJPY - because of the interests on both EUR and USD.

I was disappointed that noone took a stand in the EuroFX, but I guess that was not the battlefield today - only increasing in importance when US RTH opened. If someone had hit the futures a little more - maybe they could have defended their 1.3200 and above.

In thin markets it gets more visible, and for those only trading futures it might get annoying sometimes. But mostly stuff like 5 tick spreads during the night .. tactics which stinks. I much prefer the speed-flashers or defending lone 1-lot pawns .. just like the annoying flashing before it broke hard above 1.3202 ... :)

Nice to see you following the electronic platform more now. I faired ok today, but need to work some more on how to get more complex trades to work - I'm e.g looking into mixing more pairs. Maybe I should look into options, but that is still a little too greek for me.
:D
Being up 28 hours straight also does little good, but it was interesting.

The charts and indicators might show more bullishness, but I don't think we'll see more investor sentiment bullishness with regards to EURUSD - as they're pretty max'ed out. Re: Deutsche Bank €-survey and FXCM sentiment etc.
 
I only got 6 before I decided to bail. But 6 is 6!

Tradeya, I hear ya on the reversal thing, just trying to figure out when that signal is. :)

-Ivan
 
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