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

Chinook,

You were on the money today when you said that 1.2330 was about equilibrium. Oh well, tomorrow is another day and I'm fully long EUR again. I probably contributed to the volatility a bit today as I traded about $300 Million in total. $150 each way. Not enough to rattle the markets, but I contributed.

Regarding oil, yes, oil is effecting everything these days. However, with that said, it's effect is not powerful enough to derail or otherwise alter, the underlying trend of the market. Best, Neal.
 
Quote from trade-ya1:

Chinook,

You were on the money today when you said that 1.2330 was about equilibrium. Oh well, tomorrow is another day and I'm fully long EUR again. I probably contributed to the volatility a bit today as I traded about $300 Million in total. $150 each way. Not enough to rattle the markets, but I contributed.

Regarding oil, yes, oil is effecting everything these days. However, with that said, it's effect is not powerful enough to derail or otherwise alter, the underlying trend of the market. Best, Neal.
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Neal,

That's good volume about 1000 FX futures contracts each way. Maybe one day, I'll be able to do such volume for my own account :)

About the oil, I meant the intraday short-term trends. Any time there was a spike up/down in oil Euro responded to it.

Chinook
 
It's a warm nite in Portland and to cool off, I decided to have some cocktails. My favorite mixed drink (I'm a big time wine drinker) is whiskey+diet coke. I ended up having about 4 stiff drinks--I almost finished half bottle of whiskey. My stress level is back to normal. Luckily Euro is not moving much so I'm not tempted to trade.

TBS is showing Sex and the City reruns. I remembered my friend who used live in upper east side in Manhattan. I love that city. I used live about 2 hours south of NYC and visit my friend often. About 6 years ago, he took me to a club called "Club Chaos". That club was featured in Sex in the City and brought up nice memories for me. So many times I hear about investment bankers and traders in that show that it bring big smiles in my face... Ahh Manhattan and its fine ladies, very unique place!

Maybe I'll move to Manhattan once I can prove to myself that I can support myself trading full-time. I'm still struggling to make ends meet after quitting my 6+ figures scientist level job to trade full-time. NYC has too much taxes. Plus it gets bitter cold in winter and too humid in summers. I haven't looked into tax cut strategies or starting an LLC yet. It might be possible to form the company in a low tax environment but still be able to work from Manhattan. I also love southern CA especially San Diego. What about the Caribbean islands? Maybe Lisbon or Barcelona? Perhaps Buenos Aires or Prague or Istanbul? Many choices, well maybe one day :cool:

Chinook
 
Quote from csaunders:

Thanks - how do you find it in comparison to the retail FX market. I assume you have a retail account as well?
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No, I don't have a retail account. But I also follow the FX spot quotes through Tradestation. From what I read the FX retail firms are like wild west. Futures are all transparent backed by CME.

Check this out :

http://equivalents.cme.com:443/index.html

Chinook
 
Chinook,

Just curious if you only trade EUR/USD or not? If there isn't much going on in the pair, couldn't you look towards another pair?

Personally, I'm "trading" USD/JPY. This is more of a position trade for me; I'm planning to hold it for a few weeks, adding positions each correction. Looking for it to decline to ~105 to start, then re-examine and see if it appears to want to drop further. GBP/JPY also appears to be an excellent potential position trade, in my amateur opinion.
 
Thanks Chinook for the link - you have wet my appetite. I think I'll dive into learning the futures world. As you say the Wild Wild West is starting to get way to Wild...

Good luck with the short - I believe UK retail sales (GBP negative)are expected to be negative which should drag EUR down as well.
 
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