Quote from Ivanovich:
Closed EUR short at 1.2560 (+ 90 pips). Just as I thought in the last post, the weekend pre-move broke the range, just not on the side I figured it wouldBut it was good for my short. Tempted to reshort, but won't do it over the weekend as dailies are overbought and scream for a correction.
Quote from sKaLpZ:
I shorted shortly after the market opened, at 1.2549.
Covered the short at 1.2543. Opened another at 1.2542 and closed it at 1.2538.
So much for "dailies."
sKaLpZ
Quote from csaunders:
Yup agree - I'm still looking for some consolidation higher - Fri's action was a tad confusing. Maybe 1.2750-2800 or so this week. I know sounds a bit amitious given current scenario.
I'm still looking to add to my shorts for 1.20 longer term - lets see what the week brings.
Quote from Ivanovich:
Agree in the long term. A slight corrective action might come when and if the Frenchies don't lay the smack down. But the long term is down, down. Did you read your morning Jack today, CS?
Signed up upon your recommendation and really enjoy his comments.LMAO!Quote from Ivanovich:
Gee, great 6 pip trades ya got going there. Living well up to your nick name here.

Quote from sKaLpZ:
LMAO!
"When dailes are overbought, the risk for a correction tells the smart trader (I put that in italics for the same desired effect of your comment)"
*yawn*
"... to hold and give the RSI a chance to unwind before jumping back in the water again."
Mm-hm...
"Just because you do not use them, or care about them, does not mean the rest of us should not."
Nah, I see gathering storm clouds, bro.
My only suggestion is... get ready for the storm.
TheSkalper