Chinook's EUR/USD (E/$)Mumblings
- Thread starter chinook
- Start date
Quote from FX MENTOR:
Help me out here. I just don't see it. the usdjpy looks to be bouncing off a retracement and looking about to resume its sell off and/or a test of the new low?
where do you see strength?
i could use a good crystal ball. mind if i borrow yours?
Well the congestion pattern does mean it can squirt in either direction - although the yen has appreciated because of the possiblity of the renminbi (did I spell that right?) revaluation which as far as I know has sofar just been speculation. This could cause a little squeeze up if nothing comes to pass.
Best would be to see which way the congestion resolves.
Yes, sold for about 30 pip profit, then woke up 10 minutes ago to find madness had taken over the FOREX market And just re-established a short at 1.2960.
Apparently the market is delayed in it's reaction to the Fed statement (which I find amusing). Even Thomson thinks we'll see 3.75% by September.
Silly in season!
And just re-established a short at 1.2960.Apparently the market is delayed in it's reaction to the Fed statement (which I find amusing). Even Thomson thinks we'll see 3.75% by September.
Silly in season!
Quote from Ivanovich:
Yes, sold for about 30 pip profit, then woke up 10 minutes ago to find madness had taken over the FOREX market
Apparently the market is delayed in it's reaction to the Fed statement (which I find amusing). Even Thomson thinks we'll see 3.75% by September.
Silly in season!
good job.
I just grabbed 20 pips on the long side of that euro pop.
I will be patient and wait to see what tommorow morning brings?
I'm going to bed now.
Good night.
Just re-shorted at 1.2990. I understand US and UK names are gunning for stops at 1.3000, but I cannot see justification in driving the EUR up like this outside of sillyness.
Check out more Jack:
http://www.blackswantrading.com/files/169f87886659bdd/bsccc050405.pdf
This quote is particularly pecante':
"But the bottom line is that the US economy is in a soft patch and may rebound. Europe and Japan are in the doldrums and may slip into full-blown recession. The Fed is raising interest rates. The ECB and Japan are not. In fact, some are already talking about an ECB rate cut."
Check out more Jack:
http://www.blackswantrading.com/files/169f87886659bdd/bsccc050405.pdf
This quote is particularly pecante':
"But the bottom line is that the US economy is in a soft patch and may rebound. Europe and Japan are in the doldrums and may slip into full-blown recession. The Fed is raising interest rates. The ECB and Japan are not. In fact, some are already talking about an ECB rate cut."
wow i feel stupid. i came within 1 pip of making my 20 pip long target. now it seems that i may get stopped out at a loss on the EUR/USD.
perhaps i should have waited and shorted.
the same thing happend in the USD/CHF , and the GBP/USD.
all came within 1 - 2 pips of making target but got stopped out of these.
perhaps i should have waited and shorted.
the same thing happend in the USD/CHF , and the GBP/USD.
all came within 1 - 2 pips of making target but got stopped out of these.