Chinook's EUR/USD (E/$)Mumblings
- Thread starter chinook
- Start date
I'm done for the year. Materially have liquidated everything although I still think the trends are in place and the bond especially has a long way to fall from here. It's been a very good year and I need a much needed break and light vacation. I'm sure I'll be checking and posting. Who knows, maybe even trading lightly? 
Quote from trade-ya1:
I'm done for the year. Materially have liquidated everything although I still think the trends are in place and the bond especially has a long way to fall from here. It's been a very good year and I need a much needed break and light vacation. I'm sure I'll be checking and posting. Who knows, maybe even trading lightly?
Congrats, Neal. I'd say you've earned a rest. Personally, I wouldn't abandon the short bond trade. Maybe you could pick up some puts and just let them go? Either way, enjoy your vacation.
There was almost an "old days" dip there ...
Thomson says it was on profit taking after the PBOC People's Bank of China denied the rumours about switching out of USD. The effect of that "little rumour" was 1.3330 .
Disinformation is a nice effect when it is everyone's worst scenario. I would think that some longer term profit-taking would take place, but there really haven't been a good reason for it - except the speed of the rise in EURUSD.
I for one would welcome some rangebound trading well away from any barriers right now. This other trading close to the barriers is totally unnerving, because one need to join in on the breaks of those barriers - essentially helping those wanting to break them. No choice really, if one wants to catch bigger moves - because all the good moves are through those lately.
Thomson says it was on profit taking after the PBOC People's Bank of China denied the rumours about switching out of USD. The effect of that "little rumour" was 1.3330 .
Disinformation is a nice effect when it is everyone's worst scenario. I would think that some longer term profit-taking would take place, but there really haven't been a good reason for it - except the speed of the rise in EURUSD.
I for one would welcome some rangebound trading well away from any barriers right now. This other trading close to the barriers is totally unnerving, because one need to join in on the breaks of those barriers - essentially helping those wanting to break them. No choice really, if one wants to catch bigger moves - because all the good moves are through those lately.
Building a nearby EUR short position 1.3200/1.3365/1.3532.....1.3700: Looking for short term reversal/intervention..........at the risk of drawing flack...any comment? Today's Chinese ploy......anymore to be read into it.
Quote from trade-ya1:
I'm done for the year. Materially have liquidated everything although I still think the trends are in place and the bond especially has a long way to fall from here. It's been a very good year and I need a much needed break and light vacation. I'm sure I'll be checking and posting. Who knows, maybe even trading lightly?
Job well done.
