EUR/USD smell

[Ivanovich]

Quote from VisionTrader:

This was what I call a Vertical Market opportunity. Whew!!

Hope everyone shared in a piece of this today. Good trading to all.

Heh...I shorted at .1850ish. This rally is getting way too carried away. The market, as usual, is being the emotional maniac that tends to rethink itself before long and go "did I just do what I think I did?" Result usually is a relatively large retrace.

Of course, it could be irrational for far longer than my stop can hold out!

 

[Digsyman]

yeap, tha market was crazy yesterday. I hope you are alive guys.
I see some reasons for the rally we could see yesterday:

1) weak existing home sales
2) nobody wanted to buy dollars before ECB interest rate decision
3) the end of month and profit taking

Now I wait the interest rate to be left at 2% and downtrend should continue, I hope.

Can anybody predict the interest rates with STIR futures?
Here is a link for eurodollar contract, 6 month, march

http://www.futuresource.com/charts/charts.jsp?s=EDH6&o=&a=D&z=575x300&d=LOW&b=CANDLE&st=

does anybody use stir's?

 

[bolter]

Looks to me like dollar wants to retest the 88.50-89.00 level.

Seasonally Nov is a moderately strong month for the dollar, however Dec is usually very weak - esp weeks 1 and 4 (see table below).

Disclosure: I'm long dollars but praying for short signal.

 

[Ivanovich]

Quote from Ivanovich:

Heh...I shorted at .1850ish. This rally is getting way too carried away. The market, as usual, is being the emotional maniac that tends to rethink itself before long and go "did I just do what I think I did?" Result usually is a relatively large retrace.

Of course, it could be irrational for far longer than my stop can hold out!

Closed shorts at 1.1720 As usual, the market is taking things to the extreme.

 

[polpolik]

I, on the other hand, went long on JPY and EUR this morning.

 

[Kastro_316]

EUR/USD a good long right now? ( 1.17003)