USD bears will get crushed?
http://www.elitetrader.com/vb/showthread.php?s=&postid=747649#post747649
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Chinook's EUR/USD (E/$)Mumblings
- Thread starter chinook
- Start date
This week should probably be one of some consolidation after last weeks heady drop - I'll be looking to sell rallies between 1.27 - 1.2750 for 1.25 (initially)
TICs data this afternoon could be a market mover short term although I think the market has already shown its hand.
Good Luck.
TICs data this afternoon could be a market mover short term although I think the market has already shown its hand.
Good Luck.
Went long at 1.2595. I think a base has formed, and daily bearish momentum has lost it's bite. I realize fundies point lower in the coming months, but pricing suggests a range here for a bit. I do not anticipate any lower for the next...well, till the end of the week at the very least.
Of course, much higher than expected Core today could smash that theory out the window.
Of course, much higher than expected Core today could smash that theory out the window.
Nah, I think this whole euro deal has soured.
Yes, there's two directions, but only USD makes sense (for now).
We break 1.2550, the institutional euro-bulls are gunna jump ship faster than a wharf rat headed for the South Pole.
It'd be a matter of damage-control at that point.
We ain't had a whoops-retracement yet, there ain't one coming.
See yah a cent down....
Coinz
current market: 1.2616
Yes, there's two directions, but only USD makes sense (for now).
We break 1.2550, the institutional euro-bulls are gunna jump ship faster than a wharf rat headed for the South Pole.
It'd be a matter of damage-control at that point.
We ain't had a whoops-retracement yet, there ain't one coming.
See yah a cent down....
Coinz
current market: 1.2616
I dropped the EUR @ 1.2650 on it's failed break of 65. (55 pips profit). Whoops...forgot to add that I pivoted and went short there too.
With all due respect, Coinz - I notice you are a lot cockier now that the EUR is down where you were short. I can appreciate you holding out that long and getting lucky, but I also find it horrifying you held out for - what was it, 6 months? 8 months?
That's not trading to me. That's praying.
-Ivan
With all due respect, Coinz - I notice you are a lot cockier now that the EUR is down where you were short. I can appreciate you holding out that long and getting lucky, but I also find it horrifying you held out for - what was it, 6 months? 8 months?
That's not trading to me. That's praying.
-Ivan
Well, it just goes to show... prayer works.Quote from Ivanovich:
With all due respect, Coinz - but I also find it horrifying you held out for - what was it, 6 months? 8 months?
That's not trading to me. That's praying.
-Ivan
'scuse me now, Ivan, I need to go skalp the Mexican peso.
*makes the sign of the cross*
The Coin
Yes, I stand in front of the mirror each morning and practise being cocky with lines like, "scuse me, bud, but I have to skalp the Hungarian forint."Quote from Ivanovich:
With all due respect, Coinz - I notice you are a lot cockier now that the EUR is down where you were short.
[while in line at Vons] "could we speed it up, folks, *ahem* I got to go, like, trade the South African rand....
That one always gets a few heads to turn.
Yes, well, luck IS part of trading.Quote from Ivanovich:
I can appreciate you holding out that long and getting lucky,
8 months, Ivan, and yes, it was horrifying. It was a white-knuckler.Quote from Ivanovich:
but I also find it horrifying you held out for - what was it, 6 months? 8 months?
-Ivan
I can't wait to do it again.
Say, do you think the euro may go up a thousand points anytime soon??
sKaLpZ