Euro market top, island reversal formation?
- Thread starter Doji7
- Start date
ALoha, i don't actually trade fx, but since i trade crude oil i basically have the eur/usd chart in a corner of my screen always.
And the 1 thing that has stopped my really smashing the fuk out of oil today is the dollars weakness today, especially against gbp.
When you look at the daily/weekly chart for the dollar againt all the fxs do you think that sharpness/speed/and amount that its fallen is now way over done???
And we now going to see a week or 2 of the dollar weaking back abit??
And the 1 thing that has stopped my really smashing the fuk out of oil today is the dollars weakness today, especially against gbp.
When you look at the daily/weekly chart for the dollar againt all the fxs do you think that sharpness/speed/and amount that its fallen is now way over done???
And we now going to see a week or 2 of the dollar weaking back abit??
Yes Sir....the 1.3700 bust is at hand and I have more of my 1.5920 entry EUR/USD SHORT position covered.Quote from AMT4SWA:
All my 1.4300's are covered and out.....last portion of my position is for 1.3700's and below!
This has been a very good multi-month trade....time for a little bit of the "funny juice" tonight!
As we punched through 1.3500 level, my last profits targets in the 1.3700 to 1.3500 zone I have mentioned before were all covered. This EUR/USD SHORT trade of mine is about out of bullets....just holding a few stragglers now for any additional downside move.Quote from AMT4SWA:
Yes Sir....the 1.3700 bust is at hand and I have more of my 1.5920 entry EUR/USD SHORT position covered.
This has been a very good multi-month trade....time for a little bit of the "funny juice" tonight!
This trade worked out well and the time it took to get to the 1.3700 to 1.3500 zone was about 90 days early from what I thought it would take.......markets are definitely in a historical period and there is probably even more wild times ahead.Quote from AMT4SWA:
It was "There Will Be Blood" last week for the EUR/USD.....what fun!!!
The remaining 50% of my short position has a target for 1/5'th remianing quantity of contracts at 1.4920 ..... the rest will be held for any run to the 1.4300's, and then the last portion of my position will be held for a gut shot draw to the zone of 1.3700 to 1.3500 ....... BOMBS AWAY!