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

I'm thinking the same, however, I just bought 1.2684-85 in the June Eur using a tight stop below. This may be one of my last attempts at long the EUR. Good risk/reward here I feel. I'll likely reverse to short EUR below 1.2600.
 
hi Neal

I am guessing a tight stop for you is
25-50-100 pips on a scale basis

not sure what your propriary indicators might be telling you about sentiment and I am not a subscriber now to some of the trader sentiment
numbers or following what the Open Interest is
in EUR / USD

but just scanning the Bloomberg ...

everyone is bullish USD

good luck ... no position ...
 
neal ... when do you sleep ?

dont you have traders to watch positions for you ?

whatever you do ... do not drive tomm on 3 hours

sleep ( ok .. manhattan dweller here ... I have not driven in 2 yrs or so )

:)
 
Actually, you make a good point. I've learned to sleep odd hours. Ironically, I do most of my sleeping between 3 am and 10 am. I actually trade less frequently during that time while most other people are very active during those hours. I only watch the markets on nights that I have particular interest where I think things could move significantly.
 
neal ... you mentioned here a week ago
the following ...

- the price action reminds me of the time just prior to Yen cracking the most in history in one-day.-

maybe what you need is that Kirk K. billionaire
to tell everyone : buy GM trucks and sell Toyota SUV

have a nice weekend

Seth

:p
 
I still believe the EUR trades very poorly and it does remind me of the episode in Yen late '98. With that said, I'm not going to sleep without stops in place :). Have a good weekend, yourself...
 
Wow - not to many bounces to sell. This is one way traffic....

I have to wait for a meaningful bounce before adding to my shorts this is like trying to hop on a runaway train
 
I think most probably share that sentiment, which is why it may have some more to go.

I've been kicking myself the last 200 pts down for setting my stops too tight and missing out, so I've officially hit "hoodoo" status for the rest of the move lower. But that's what happens when you play with scared capital *sigh*.
 
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