Chinook's EUR/USD (E/$)Mumblings
- Thread starter chinook
- Start date
Quote from Gringinho:
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.
I listened closely to most of that interview, but I didn't think the justification for a pullback in the EUR/USD worked. I don't look at stochastics any more but its hard to say that the Euro is overbought looking at a daily chart. Furthermore, anyone that wasn't convinced that the Euro would appreciate by a significant amount a couple of weeks ago probably changed their mind after the recent price action and Uncle Alan's commentary. In my mind, large spec long positions doesn't mean a reversal if the players have just settled on a farther 10% to 20% USD fall being a given.
Hope that I'm not talking out my ass.
TRADERguy
I feel like a contrarian with you guys, because I shorted the "extension" on the EURUSD. I just did it to take the EURJPY leg into play ...
The stalling of the USDJPY is boring me a little.
Didn't get more than 6 ticks though - but think it can get lower unless Neal is not backing off anytime soon. I'm not taking "the other side" on the back of your trade information - just saw a quick opportunity.
edit: ok, just missed that notice by him - but seems that there still are some similar players pushing the EURUSD - and my USDJPY looks nicer on the back of this ... +16 now.
edit2: of course I should have gotten in on the +20 move by Neal and you guys , but can't be successful on every notice ...
The stalling of the USDJPY is boring me a little.
Didn't get more than 6 ticks though - but think it can get lower unless Neal is not backing off anytime soon. I'm not taking "the other side" on the back of your trade information - just saw a quick opportunity.
edit: ok, just missed that notice by him - but seems that there still are some similar players pushing the EURUSD - and my USDJPY looks nicer on the back of this ... +16 now.
edit2: of course I should have gotten in on the +20 move by Neal and you guys , but can't be successful on every notice ...
Nice up move on the EURJPY there ... 
Will not yield - better wait for US session for better liquidity - but long USDJPY is the best side of that leg on levels above 103.45 I guess.
EURUSD little moved on back of this - which shows the intention of the quick move on EURJPY.
I guess I should have stayed in longer on short EURUSD too ...
Hedge fund strengthening USD again ? Probably last chance before opening bell in EU. Anyways, nice scalp there on EURJPY if anyone got that one.
Will not yield - better wait for US session for better liquidity - but long USDJPY is the best side of that leg on levels above 103.45 I guess.
EURUSD little moved on back of this - which shows the intention of the quick move on EURJPY.
I guess I should have stayed in longer on short EURUSD too ...
Hedge fund strengthening USD again ? Probably last chance before opening bell in EU. Anyways, nice scalp there on EURJPY if anyone got that one.
I'd be careful so far with EURUSD ... but then again, I'm a equity-size fearful scalper.
I hope you guys have proper stop limit and exit strategies ... someone are "shagging" the moves.
I won't stop nagging about the USDJPY move here until we see 0.009710s - i.e around 103.08-area.