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

Quote from fandelem:

lol, you know the second you do that, it is gonna go to 1.2960 ;o)
More...

Hey that's OK as long as I have my stops and I don't go crazy with leverage. I like the challenge otherwise it'll be boring :)
 
I think all bets are off. I gave back -20 ticks in the chop - setting me around +10 for the day, but it got too wild for me - as I couldn't read the signals properly. Better stay away - I guess it's something I 'caught' yesterday, or as monday's contracted markets started.

I am not seeing any direction just now, and the hedge funds who pushed and then torpedoed it above 1.3000 just had a field day. Options and hedge funds have controlled it the last few days, and they are a bit difficult to get a clear read on what they're doing now. :)

edit: When I started writing this post it was at 1.2900 ... less than 10 minutes later it's below 1.2850 .... scary, scary, scary ... :(

I did not see what those options guys did and I still don't get all of it; but the reactions are there for all to see.

trade-ya1, do you "have a handle" on the action right now ? I know it's FOMC-jitters, profit-taking and "very good trade deficit numbers" - with monthly US import price inflation around 1.5% - yikes! - and all.
 
You must log in or register to reply here.
Back
Top