Chinook's EUR/USD (E/$)Mumblings
- Thread starter chinook
- Start date
As I said, if it breaks 1.2795 area, I'll short again. I cashed out because I did not feel comfortable continuning with this week's events. I had made well beyond my profit goal, and I'll re-enter on either side depending on where it moves.
Sheesh - so much flak for a good trade!
I do agree that it will be enroute to 1.25, though I require the confirmation of 1.2775-95 break. EUR has hit the level it's at now (more or less) and bounced twice. I don't want to be caught on the third bounce).
Quote from Ivanovich:
As I said, if it breaks 1.2795 area, I'll short again. I cashed out because I did not feel comfortable continuning with this week's events. I had made well beyond my profit goal, and I'll re-enter on either side depending on where it moves.
Sheesh - so much flak for a good trade!
I do agree that it will be enroute to 1.25, though I require the confirmation of 1.2775-95 break. EUR has hit the level it's at now (more or less) and bounced twice. I don't want to be caught on the third bounce).
No flak intended
Taking 200 pips is good going in anyone's books. I've taken some money off the table at 1.2850 - yes, I'd hate to walk away empty handed if I'm spiked out.Expecting a bit of a bounce now - circa 1.2920 where I'll attempt to short some more for 1.28 and lower.
Absolutely my strategy.
For now, I've gone long USD/JPY at 104.90 because everyone is going nuts on this China reval thing for the May holidays, and I'm betting the "rumor" that says they're looking to do so is crap.
If i'm right, USD/JPY will rise significantly in the coming short term.
Also looking to re-establish shorts like you said with EUR. The 200 MA is at 1.2830 and Thompson claims there are massive stops below 1.2800. The EUR has not closed below 1.2830 since end of September. A close below it would signal a trend reversal, but I'm not sure we're there yet. Soon.
Cheers,
Ivan
