just went short @94 - plan on riding it down to 3860 where I will be boarding the euro bull train. Should be an interesting night. 
Pulling an all-nigther for this EUR/USD trade
- Thread starter T-Bone Trader
- Start date
Quote from enochbenjamin:
just went short @94 - plan on riding it down to 3860 where I will be boarding the euro bull train. Should be an interesting night.
You think this thing is going to the 200 SMA on the 60-minute chart? I doubt it....it certainly will be interesting!!
I'm looking forward to no trading Friday and a nice long-ass weekend.............!
your probably right...
I just could not get over how the US markets did in light of the GM bankruptcy (pending) and foreclosure data and the other economic data recently (which has been okay to be honest).
But Bill Gross says that the USD will lose it currency reserve status, some guy at the ECB (forgot his name, I think he is Spanish) sounded pretty hawkish this morning in Europe
All fundamental reasons point to a stronger EUR right now
Plus people are selling USD because they don't want to miss out on the potential US stock market rally
In addition to my charts screaming buy, buy, buy!
Man, I gotta start trading forex. 
Wow you must have the FXCM Micro Account up to $500 by now!
http://www.elitetrader.com/vb/showthread.php?s=&threadid=164969
Traders seek US dollar safety when things are bad -- risk aversion as it is called -- same concept with bonds
When things are good, traders get into the stock market --
It's a pretty simple concept -- I'm surprised you didn't understand?