Short the Euro

[Blotto]

Quote from chaykapwr:

I am short now....1.4169

Stop is 1.421

big target

Short 1.421.

Target 60 points.

 

[Tsing Tao]

Quote from tradingjournals:

What if ECB is buying to make people believe that those reasons are true reasons? If they really are going to do what they said they would do, we need to see the foreign transactions, certified by independent third parties.

Your stupidity knows no boundaries, I see.

 

[tradingjournals]

Quote from Tsing Tao:

Your stupidity knows no boundaries, I see.

First solid bearish signal in the form of an insult! .

e/u at 1.4210. Now tell sarkozy to stop the bears.

 

[Tsing Tao]

Quote from tradingjournals:

First solid bearish signal in the form of an insult! .

e/u at 1.4210. Now tell sarkozy to stop the bears.

It's not an insult if it's true.

 

[tradingjournals]

Quote from tradingjournals:

First solid bearish signal in the form of an insult! .

e/u at 1.4210. Now tell sarkozy to stop the bears.

e/u at 1.4169. +41pips (in fact around +65pips if one counts the first retreat).

 

[tradingjournals]

Quote from Tsing Tao:

It's not an insult if it's true.

Now we not only know it is an insult, we also have further proof that it is an insult (read the result above).

 

[Lucrum]

Quote from tradingjournals:

This rise is weird. Is ECB doing the buying? Is it is just covering I would say that ET short folks are being massacred.

Anything like this massacre?

http://www.elitetrader.com/vb/showthread.php?s=&threadid=221311&perpage=30

 

[tradingjournals]

Quote from Blotto:

Short 1.421.

Target 60 points.

Good call! Is your target still the same?

 

[Tsing Tao]

Quote from tradingjournals:

Now we not only know it is an insult, we also have further proof that it is an insult (read the result above).

Actually, we have further evidence that it is truth. Keep posting and reinforcing it!

 

[tradingjournals]

e/u down, and spy UP. Given the positive correlation (hedging) between e/u and SPY, the e/u should be UP, but since it is down, then selling intensity is higher than buying intensity.

Therefore the argument of hedging and smart money buying e/u in anticipation of euro banks selling assets does not make sense based on today's action.

But how could we rule out the other hypotheses such as short covering, possible ECB possible buying, and smart bears reading the minds of people (such Sarkozy) who may think that they are smarter than other fellows?