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

Quote from Ivanovich:

heh...

I've got an old short in there around 7575. Never closed it because it wasn't a lot of money. But it would be nice to get rid of it.
More...
......get rid of it..or add to it....... at these higher rates...that why I'm shorting the Euro....the cost of carry on the AUD...interest spread is not favorable....by going short Euro long USD.....I can still enter the AUD if your outcome eventuates...while being able to allocate USD funds to gold at ..say 420/415-400 who knows some are even projecting lower...doubt it....watch the 10yr Tbill.....as stated, ''it's the delusions that give us the most problems''...Request comment..
 
Nah, it's not costly because it's such a small short. It's personal at this point :)

We now join our regularly scheduled program - Attack of the Euro, part deux.
 
Are there any brave souls out there planning to hold a position during the GDP release? I've been in and out lately both short and long and I'll be flat during the release.
 
I will be flat into the release - but I have been flat for most of the latest sessions, with only a few trades. Murky waters don't welcome brave swimmers, and the sharks flashing their fins in the book don't increase confidence of safe market conditions.

Will have to see volume action along with price to see if it's worth the risk to enter the market. If it's dominated by big fish toying with the small ones ... got to be very careful.

Nice pre-numbers run-up on EURUSD, traders probably got a little jolt there, and shows how thin markets are easily jumped to stoploss. Therefore I will be fairly sceptical to any moves or whipsaws.

USDJPY may be a safer alternative. Also the 6EH5 march 05 contract is funny with 4-5 ticks spread many times. Hope it improves soon, though - but the MM can milk it for what it's worth for now.
 
I wonder if these stop-loss pop and flop operations are by products of natural trading or brainchild of some big players. This is a big market but still if one feeds it bit by bit eventually they might get the snowball moving.
 
I'm long UDS/CHF at 1.135.

I'll hold through data, but watching mighty close :) GDP is past data anyway, so whatever upside comes to the USD, will be brief. But I'll cash out quick.
 
Ivanovich good luck.

The futures book gets quite chaotic during these releases. It's usually extremely thin but a while ago I remember seeing 10,000+ contracts on one side of the book! Plus we have this new trading patterns emerging so I think there might be special tricks developed for playing these releases.
 
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