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

Quote from chinook:

I've been short from 70s--ended up pushing the stop up and luckily avoided the spike by 2 ticks. I can't believe it weaseled its way back up to 1.3 so soon.
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I'm seeing some fierce resistance here too. I have my stop a little above where it has been - a little higher than the ATH.

Does not look good, and I should perhaps cut it right here for a -9 ticks, but will hold on a little.

edit: seconds after this post, I got stopped out for. Oh, well ... a -30 hit there instead. :)
 
One bad scalp and a better short revenge scalp after that and I'm at a total of -22 ticks. It seems stuck a little here right now, but we'll see testing of downside in a little again. 1.3010-ish might hold some resistance - while 1.3000 would be easy going with toggling a lot on bigger chops.

Too difficult to call, need to see how support builds up. This was all "force" hitting and hitting it over and over again.

edit: it seems to have a little issue with the 1.3030-ish .. a few shorts seems to have been established there (I cut mine at +10 for that only succesful scalp from there). The same pounding attack might push it to mid 1.3050s I think.

If I had woekn up a few minutes before and had time to read a little on the action before posting, I would have chickened out a little earlier. But my first thing was looking at charts - seeing it was not good ... oh, maybe I would have been stubborn. At least my stop was very well placed.
 
I couldn't help myself but short from little bit below 30. As you said pushing this towards to 1.3050s is likely. I'm hoping for a sudden flop.
 
Quote from chinook:

Possible. But most likely it'll be pop and flop back. I parked my stop for my short at 1.3010 and staying away from this grind.

Do you have an open position?
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Yup - been stopped out - all those stops floating above 30 must have been way to tempting.
 
Quote from chinook:

I couldn't help myself but short from little bit below 30. As you said pushing this towards to 1.3050s is likely. I'm hoping for a sudden flop.
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I did another +2 scalp, but I was looking for a +10. I don't think shorting this seems like a winning strategy. -20 now on 4 trades - a little more leverage on that last one, but still not exactly a devastating loss from that initial small position. :)
 
Quote from Gringinho:

I did another +2 scalp, but I was looking for a +10. I don't think shorting this seems like a winning strategy. -20 now on 4 trades - a little more leverage on that last one, but still not exactly a devastating loss from that initial small position. :)
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This is one last short--Famous last words. Hey, I'm running a charity to make rich traders richer :p
 
I think US RTH action will be covering some losses on shorts here - for all those not being triggered above 1.3010-ish. Otherwise choppish with possible break of 1.3050 looming.
 
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