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

Seems the shorts are getting a little more wind for the time being, but we can still smell the 1.23 ...
No trades for the moment, will have to wait and see if the shorts will catch fire - especially if they break too much wind. :)
 
But I do not take it that you are gambling. I don't get that from your posts....

Michael B.


Quote from trade-ya1:

JBT, good analysis. My style is more befitting of a Babe Ruth than a Rod Carew. I suppose I hit my share of home runs and also have my share of strike outs. Tough to change your make-up. Best, Neal.
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I don't think 1.2250 will hold again. We'll see a move towards 1.2210 and by the day's end we'll creep up to 1.2240-1.2250. Something that occurred to me right now.

Chinook
 
I haven't lost my long bias - and had a quickie sub-1.2250 on the december until it stalled over it again. Why should we go much lower than this ?

[16:15 EUR/USD: Cross Action Dominating As Topside Capped] Boston, September 14: Try as it might, EUR/USD has been unable to retake the 1.23 handle, leaving intraday specs long and vulnerable to pullbacks. Such a pullback is underway as heavy EUR/JPY selling weighs on the spot rate. Asian bids are rumored here at 1.2250, however, with more at 1.2225.

PS! Another nice source for info is from www.saxobank.com - they have an ok newsletter which gives some nice heads-up and also special reports sometimes.
 
This is the third time we bounced down from the upper part of the triangle. Perhaps it's time to shake the southern part of the triangle. Just a food for thought. As always, I take it 30 minutes at a time.

Chinook
 

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Quote from Gringinho:

I haven't lost my long bias - and had a quickie sub-1.2250 on the december until it stalled over it again. Why should we go much lower than this ?

[16:15 EUR/USD: Cross Action Dominating As Topside Capped] Boston, September 14: Try as it might, EUR/USD has been unable to retake the 1.23 handle, leaving intraday specs long and vulnerable to pullbacks. Such a pullback is underway as heavy EUR/JPY selling weighs on the spot rate. Asian bids are rumored here at 1.2250, however, with more at 1.2225.

PS! Another nice source for info is from www.saxobank.com - they have an ok newsletter which gives some nice heads-up and also special reports sometimes.
More...

Gringinho,

Who is your broker? I'm with IB. I was wondering if I can find a better deal for trading the FX futures. You're doing good volume--are you leasing a seat from CME?

Chinook
 
Quote from chinook:

Gringinho,

Who is your broker? I'm with IB. I was wondering if I can find a better deal for trading the FX futures. You're doing good volume--are you leasing a seat from CME?
Chinook
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I use IB too, but no seat. I have a proprietary trading application - mostly for pattern signals to help me scalp.
Using IB which is one of the largest contributors to the CME GLOBEX with regards to transactions is a comfort sometimes.
 
Quote from Gringinho:

I use IB too, but no seat. I have a proprietary trading application - mostly for pattern signals to help me scalp.
Using IB which is one of the largest contributors to the CME GLOBEX with regards to transactions is a comfort sometimes.
More...

What is the proprietary trading application, is that some software you wrote and interfaced to IB TWS?

Have you looked into leasing a CME seat? It's about $3500/month but you might be able to save almost $1 per transaction.

Chinook
 
Quote from chinook:

What is the proprietary trading application, is that some software you wrote and interfaced to IB TWS?

Have you looked into leasing a CME seat? It's about $3500/month but you might be able to save almost $1 per transaction.
Chinook
More...
Yes, I wrote an application (and framework for scripts) in Java.
I'm currently not looking at buying a seat, although I have looked into it before.
 
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