Long the Euro at 1643

mr vision trader ... do not these two statements made by you in the last few days
contradict each other ?


- I got long early this morning with a full position-

-BTW - I was not implying that this was any major bottom-

:confused:
 
Those who went long yesterday, congrats! EUR decent run was overdue. I believe we'll see more of this.

I sold my 2 Dec 05 contracts though. I'll get back in if EUR weakens again.
 
Quote from SethArb:

mr vision trader ... do not these two statements made by you in the last few days
contradict each other ?


- I got long early this morning with a full position-

-BTW - I was not implying that this was any major bottom-

:confused:
More...

I don't understand your question here. I got long and rode it up that day. What is confusing? I am in and out of bottoms, middles and tops all the time.

What I am saying is who cares if it is a major or minor bottom. I am a trader not a weather forecaster.
 
Quote from John47:



however, I used the word 'patiently' in my previous post because, although IMO there is enough accumulation going on for a rally, it hasn't reversed or broke any significant levels yet, so its not totally out of the question to see another run at the lows.

More...


The downward sloping resistance line in this chart was the 'significant level' I alluded to above. If you scaled in a bit, it'll be a nice risk/reward payoff if Euro does rally to 1.1900 or so.
 

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