euro false breakout! ouchh!!
- Thread starter PaulRon
- Start date
Looks like someone fat fingered it and hit the wrong button this morning. Reuters reported it was one buyer that caused the spike. It then cascaded to the other currencies and gold/oil. Whoops. It is a "Ready, fire, aim" market out there.
"The euro rose to a session high against the dollar in a move analysts said was related to a large buy order for the single currency. The euro rose suddenly to a session high of $1.2790 <EUR=> from around $1.2640. It last traded at $1.2782. "
"The euro rose to a session high against the dollar in a move analysts said was related to a large buy order for the single currency. The euro rose suddenly to a session high of $1.2790 <EUR=> from around $1.2640. It last traded at $1.2782. "
The EURJPY has been fantastically good the last hour, but the EURUSD has not been leading much.
With the Dow reaching 8000 we are looking at an interesting market - just like at the start of October. There is no bottom in sight any time soon...
The volatility is loading up quite good again, with strong shakeouts. There have been some sessions the last week and a half with good volatility, but it has been following the equities a bit too much - with intermittent "technical" psycho-babble (which I don't enjoy as trading conditions).
It will be some interesting Asian sessions towards the end of this week.
With the Dow reaching 8000 we are looking at an interesting market - just like at the start of October. There is no bottom in sight any time soon...
The volatility is loading up quite good again, with strong shakeouts. There have been some sessions the last week and a half with good volatility, but it has been following the equities a bit too much - with intermittent "technical" psycho-babble (which I don't enjoy as trading conditions).
It will be some interesting Asian sessions towards the end of this week.
Quote from PaulRon:
that hurt
what charts were you trading off of?. ya good thing i was asleep when that happened or it would have sucked me in too.
Action # Symbol Price Date C # Price Date
Drawdwn & Risk
P/L
BTO 140 EUR/USD
1.26418
11/17/08 11:48
STC 140
1.27786
11/19/08 9:37
($9,677)
Extreme
$19,152
Drawdwn & Risk
P/L
BTO 140 EUR/USD
1.26418
11/17/08 11:48
STC 140
1.27786
11/19/08 9:37
($9,677)
Extreme
$19,152
LOOK LOOK!