EU - where is it going next?

[contra]

lol there she goes... was a nice trade in london session.

wouldn't get too excited to jump long yet though. should be some profit taking here.

3715 is out there... lets see 3500 first if it can get there after this week, wouldn't doubt it from some stuff I am reading here though.

 

[Tsing Tao]

You have to laugh at the whole of it. Bring on the 1.37 handle. That'll do wonders for what remains of Europe.

 

[contra]

that's a sweet setup

 

[contra]

Tsing, I gotta say man, the volatility has been substantial in this pair huh? lol

they were a bit bid overnight though.

 

[Steve]

Back from hols - I'll try a bit of short term trading: buy at 1.3563

 

[contra]

Quote from Steve:

Back from hols - I'll try a bit of short term trading: buy at 1.3563

dude, right at the down TL....

 

[Steve]

Quote from contra:

dude, right at the down TL....

well - it's ok if it doesn't drop below 480

(if it does, stop would take care of it)

 

[Steve]

Quote from Steve:

well - it's ok if it doesn't drop below 480

(if it does, stop would take care of it)

 

[contra]

I am currently looking at something like this on hourly. Good stops below 3450 I'd assume.

 

[Steve]

Quote from contra:

I am currently looking at something like this on hourly. Good stops below 3450 I'd assume.

You may be right Contra.

It's too late for me to move my stop further away (would make the risk unacceptable), but if I could - I would've moved it to 460 (low after that big move on 18 Sep) or 450 (100% Fib)

However I'm bullish if it doesn't go below 480 (last dip on 9 Oct)