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

chinook · Sep 8, 2004

Quote from chinook:

The CME FX futures rollover was yesterday but looking at the volume, the September contract had about 20% more volume than the December contract so far in currrent session. I'll switch to Dec. contract once its volume exceeds the Sep. one.

Chinook

December volume almost caught up with the September one.
I made my switch.

Goodby ECU04, I'll miss you

Chinook

csaunders · Sep 8, 2004

Quote from chinook:

My initial shorts got stopped out. But I was able to get long and now back to flat...

Chinook

Yup

- bailed out of my shorts as quickly as humanly possibly - looking to go short again between 1.2130 - 1.2150

FX MENTOR · Sep 8, 2004

price is at 1.2165 looks like the mkt is tryna run up and test 1.2196?

chinook · Sep 8, 2004

Quote from csaunders:

Yup - bailed out of my shorts as quickly as humanly possibly - looking to go short again between 1.2130 - 1.2150

I wouldn't go short at this time. I think long side is safer.

Chinook

FX MENTOR · Sep 8, 2004

Quote from chinook:

I wouldn't go short at this time. I think long side is safer.

Chinook

I'm to chicken to go long just yet. I'm not yet convienced that it will make it to 1.2196????

chinook · Sep 8, 2004

Quote from FX MENTOR:

price is at 1.2165 looks like the mkt is tryna run up and test 1.2196?

It looks like it. It's not even pulling back 20-25 pips...

Chinook

FX MENTOR · Sep 8, 2004

Quote from chinook:

It looks like it. It's not even pulling back 20-25 pips...

Chinook

Resistance

1.2196 Sell this failure
1.2200 Neutral Zone
1.2222 Buy this break

chinook · Sep 8, 2004

I'll buy around 1.2140-45. Let's see...I'll track it with a short-term MA and start buying once it gets crossed over.

Chinook

csaunders · Sep 8, 2004

Quote from chinook:

I wouldn't go short at this time. I think long side is safer.

Chinook

Agreed - looks like a strong reversal.... I think I'll wait till momentum changes

FX MENTOR · Sep 8, 2004

Quote from chinook:

I'll buy around 1.2140-45. Let's see...I'll track it with a short-term MA and start buying once it gets crossed over.

Chinook

Eur/Usd is starting to show some signs of running out of steam at the 1.2172 level. I might have a good possible shorting opp soon. I have to run out to the store so I will be back in about 20-30 minutes. Let's see what happens during that time?