Chinook's EUR/USD (E/$)Mumblings
- Thread starter chinook
- Start date
I followed my own advice and went in a few times around 1.2715 for roughly 11 ticks. I don't have the courage to hold any longer, when stalling sets in. I did two small scalps going long earlier for 2x 2 ticks - I was fretted out by the lack of a clear signal for my trading.
I think we can se 1.2740s-50s as a little resistance now - very short term. We're at 1.2730 now ... so I could have done a little better, but I like to take the profits anyhow.
Good action calls for tick-chart with 15-min period.
Remember: better safe than sorry. Trade carefully.
Seems the big moves has fueled the story-makers out there and Thomson reports sighting dubious rumors about Washington releasing strategic reserve, important al-queda capture and imminent surprise-spring on Kerry campaign by the Bush camp.
I am chuckling here ...
Taking a look at the chart for the day - 5-min or 10-min, there is nothing alarming with this retracements for those who are bull. One has to consider the newsflow and possible market reactions to judge if a bigger slide down will occur. So far nothing indicates a big slide.
Activity has slowed down a lot more now, so stay out of the slow trapping chops if you're looking to scalp easily.
I am chuckling here ...
Taking a look at the chart for the day - 5-min or 10-min, there is nothing alarming with this retracements for those who are bull. One has to consider the newsflow and possible market reactions to judge if a bigger slide down will occur. So far nothing indicates a big slide.
Activity has slowed down a lot more now, so stay out of the slow trapping chops if you're looking to scalp easily.