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

The Spec position is very heavy across the board $ short. The trend is the most powerful force regardless of the size of the Spec. position. There are underlying forces that dwarf the position size of the Specs for this $$ weakness. In short, the heavy spec. position just delays and softens the inevitable move toward continued USD weakness. The whole world was long the NASDAQ for many years but it still continued to rise. Trend is very powerful force.
 
Quote from trade-ya1:

JPY cannot go to 95 while EUR sees profit-taking into next year. Just aint going to happen. Gotta choose either or. :)
More...

No, the guy was talking about 1.35+ EURUSD and USDJPY 95. I don't know if I missed saying that. He believed in a retrace this year, then the higher targets next year.

I tend to agree. :)
 
Finally it stopped teaseing and hit 1.3, 100% from here lol so whats everyones profit target?

I'm going for an even 1.3050 but I think we think test the high this time around, well hopefully.
 
Quote from trade-ya1:

...The whole world was long the NASDAQ for many years but it still continued to rise. Trend is very powerful force.
More...

Not trying to take opposite sides here, but equities doesn't involve that many losers when it rises ... except for those hedgeing futures. Therefore currency-trends tend to hurt some - while benefiting others, or am I fundamentally wrong here, as the fx newbie I am.

edit: looks like a little capping just below 1.3010 for now - might be a good target ?
I am about +10 on my USDJPY, but I would like to see around +30 .. I will just be as patient as I will need to on this one then ... (perhaps reduce a little later).
 
You must log in or register to reply here.
Back
Top