Chinook's EUR/USD (E/$)Mumblings
- Thread starter chinook
- Start date
Quote from S33N:
tock 65 pips on friday.... dud the not so tigth spres from FXCm... lol...guse what i so drunk!!!!!!!!!!!!!!! i dnot know if this i relevent to this post... LOL... .............but mye system tok 106 pips on fridag... dud to the FXCM spread...BTW guess what? I LOVE FXCM........LOL
Sorry for all the stupid posts last nigth. Got abit out of hand at the clubs.
Well, at least trading in EURUSD wont be stopping.
Seems like a big-gun shot 100 up on 1.2970 and was defending it - so they might do some more run-ups to boot.
Tokyo opens in about 40 mins.
Like I said earlier, I think that there will be some retracements on the back of the slow crawl upwards in the end of friday's session, which mostly seemed fuelled by the stubbornness of some perhaps - resulting in maximum pain. That also means that the most painful direction is up, but I don't see it going substantially there without a retrace first. There has to be some substantial market support for breaking up - and there are significant barriers, which a sunday/early monday start after a ATH won't be able to mount in my opinion.
OTOH, more players may be waiting for this next session after friday's - maybe to do some clever upsets or just for curiosity - looking for nice opportunities.
The speed downwards would be much greater for a little milage than the strenuous rise upwards.
Seems like a big-gun shot 100 up on 1.2970 and was defending it - so they might do some more run-ups to boot.
Tokyo opens in about 40 mins.
Like I said earlier, I think that there will be some retracements on the back of the slow crawl upwards in the end of friday's session, which mostly seemed fuelled by the stubbornness of some perhaps - resulting in maximum pain. That also means that the most painful direction is up, but I don't see it going substantially there without a retrace first. There has to be some substantial market support for breaking up - and there are significant barriers, which a sunday/early monday start after a ATH won't be able to mount in my opinion.
OTOH, more players may be waiting for this next session after friday's - maybe to do some clever upsets or just for curiosity - looking for nice opportunities.
The speed downwards would be much greater for a little milage than the strenuous rise upwards.
Clearly some fear ahead of Tokyo open - and fear is our friend. 
Thomson has a funny comment on foreign governments reducing US assets; India, Russia and Middle Eastern investors are rumoured to have sold USD, and China rumoured to be buying asian currencies ahed of Renmimbi's unpegging.
Hehe, LOL.
Thomson has a funny comment on foreign governments reducing US assets; India, Russia and Middle Eastern investors are rumoured to have sold USD, and China rumoured to be buying asian currencies ahed of Renmimbi's unpegging.
Hehe, LOL.
I'm going to wait until after 10 pm PST my local time which is about one hour befor the Europe trading session. This time also coincides with the end of IB's system reset.
By trial and error, I found out that the usual slow crawl and back and forth range trading during the Asian trading slowly drains my precious mental energy
By trial and error, I found out that the usual slow crawl and back and forth range trading during the Asian trading slowly drains my precious mental energy
The trade is now at +20 ticks, looking fine so far - but markets seem to be on auto-pilot. Target is around +40 ticks on this trade.
Chinook, I admit that it might be "mentally challenging" to sit and "wait out" the market in the asian session - seeing crosses doing some work etc.
Just got to forget most of the smaller MM activity since it's sudden death that rules the game here.
Chinook, I admit that it might be "mentally challenging" to sit and "wait out" the market in the asian session - seeing crosses doing some work etc.
Just got to forget most of the smaller MM activity since it's sudden death that rules the game here.