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

Gringinho · Dec 15, 2004

Quote from lynx2004:

my euro short stopped out o/n for peanuts

should have taken the $$ when it was in front of me ...

I too was stopped out, but I had improved profits and thus got a +16 ticks out of the trade. Not like the +50 I was looking at at one point, but certainly not a loss.

So, getting some profits always feel better - especially after we moved 100+ in the opposite direction.

TRADERguy · Dec 15, 2004

I don't know if the market is going to care but Snow has a string of interviews this afternoon.

"Snow is scheduled to punctuate his attendance at the White
House economic conference with a series of live television interviews
beginning at 12:20 p.m. EST, including CNN, MSNBC, CNBC and Fox.

** Market News International"

lynx2004 · Dec 15, 2004

I watched Snow on CNBC early this morning...didn't hear him say much when asked on the dollar...didn't know he has interviews this afternoon...

lynx2004 · Dec 15, 2004

Quote from Gringinho:

I too was stopped out, but I had improved profits and thus got a +16 ticks out of the trade. Not like the +50 I was looking at at one point, but certainly not a loss.

So, getting some profits always feel better - especially after we moved 100+ in the opposite direction.

Glad you could make some profit out of the short trade...i didn't move down my stop enough ..thought i would give it some room to breathe..breathe it did and ran out of the cage.
I rode it down this AM from 1.3434 to a quich 25pip scalp... I didn't want to hold the short for too long...do you have a short level above?

SethArb · Dec 15, 2004

just saw a spike to new highs and
drop back down in euro

of course .... whats 20 pips / ticks

on a day like today

TRADERguy · Dec 15, 2004

Quote from SethArb:

just saw a spike to new highs and
drop back down in euro

Market News attributes the spike to Pres. Bush comments saying that markets set FX rates. 12:21PM

Edit--Bush is live on CNN doing Q&A with Berlusconi.

gartley222 · Dec 15, 2004

I hear on the daily chart there is a wave 5 extention heading for 1.36. I hope it is accurate.

TRADERguy · Dec 15, 2004

Bush is saying it again specifically mentioning the EUR/USD exchange rates.

lynx2004 · Dec 15, 2004

any realtime chat rooms out there for specific for FX traders? .. just checked here at elitetrader but no participants.

Gringinho · Dec 15, 2004

I don't hold GWB as a currency expert by any means, not even as a decent economist. The ballgame is not over yet, and we saw a lot of short-squeezing today.

BTW does anyone know if stop-orders are visible to those with Globex-terminals, MMs or similar; or are they only visible to your broker and Globex backoffice ?