Chinook's EUR/USD (E/$)Mumblings
- Thread starter chinook
- Start date
Quote from chinook:
...
These 23 tick pullups are making me very nervous. No easy bread for Chinook these days
Edit: I'm trying to trail this thing and the chart starts looking like the sideview of a porkpine sitting on a downward slope!
Edit: This last pullup almost took out my stop for scaled in short.
How about trying to set a fixed target - like you'll say that it looks like it could go to 1.xxxx when looking at charts - and then saying - that's my target and if it gets really close - but then looks like it is reversing - I will still close it ?
I don't have much "faith" in the mechanical trailing stop method, when the system is not at all mechanical in nature.
Thomson reports:
"[16:31 EUR/USD: Buba Chief Says EUR Strength 'Not Desired' By CB] Boston,
November 18: Bundesbank President Weber is on the wires saying the recent EUR
appreciation is not desired by the central banks but that it is not yet a
serious threat to an export-led upturn. In the medium to long term, higher
interest rates and strong growth potential in the US could strengthen the
dollar, he says.
EUR/USD dipped as low as 1.2977 tripping some stops. More are seen below
1.2950."
"[16:31 EUR/USD: Buba Chief Says EUR Strength 'Not Desired' By CB] Boston,
November 18: Bundesbank President Weber is on the wires saying the recent EUR
appreciation is not desired by the central banks but that it is not yet a
serious threat to an export-led upturn. In the medium to long term, higher
interest rates and strong growth potential in the US could strengthen the
dollar, he says.
EUR/USD dipped as low as 1.2977 tripping some stops. More are seen below
1.2950."
So the number was bad ...
but don't be surprised to see a continued EURUSD slide - it's the best thing for everyone - and the most surprising move against that last number.
BTW I recently moved over 100k of my funds from ⬠into $. Since I think the longer term trend will be lowered â¬$ from here. I have moved more today.
As you can see the USDJPY effect is not there except some stalling at these levels.
but don't be surprised to see a continued EURUSD slide - it's the best thing for everyone - and the most surprising move against that last number.
BTW I recently moved over 100k of my funds from ⬠into $. Since I think the longer term trend will be lowered â¬$ from here. I have moved more today.
As you can see the USDJPY effect is not there except some stalling at these levels.
That's it. All hell breaks lose. The trend has been broken.
Seems like the whole world complains about the USD decline, and despite doing nothing, it still works.
Seems like the whole world complains about the USD decline, and despite doing nothing, it still works.
Quote from Gringinho:
So the number was bad ...
but don't be surprised to see a continued EURUSD slide - it's the best thing for everyone - and the most surprising move against that last number.
BTW I recently moved over 100k of my funds from ⬠into $. Since I think the longer term trend will be lowered â¬$ from here. I have moved more today.
You think it will slide /that/ much, Gringinho? I figured as the deficit grows more and more for the US the EUR and JPY will steadily increase.. I guess if I had 100K I would have a clue as to why you are predicting the EUR decline, eh? ;o)