Quote from chafro:
Everything is telling me to short Dollar. Why the hell are we moving down.
Yeah.
Perhaps even a better question is, how far down will we go?
This easy money (shorting EUR/USD) has been getting a bit old.
I'm seriously thinking about shorting the Dollar, opening a long trade in the euro in a sub-acct.
Plus, with this
too far too fast level of breaking 1.2500 today... we may just have a 100-pt + retracement come out of nowhere.
Would hate to lose out on that profit.
On the other hand, opening a long in a sub-acct may turn into nursing a bleeding euro, paying interest to boot, as we drop further, crashing thru 1.2400 and into the 1.2300s
and lower.
Using successful trading methology would be the key to winning in that scenario.
Are we beginning to bounce off lows a little too easily? Are we stalling more quickly?
Been kinda tough to tell how stupid the market will get in this type of world tension/volatility setting.
I see no reason why we cannot have a 1-cent+ retracement. But, it may happen another cent or two
down.
Pulling the trigger too soon may not be the best thing to do.
dd
1.2507