The EURO

illiquid · Jan 20, 2006

Seems like someone needs to get stopped out here before we can turn.

Kastro_316 · Jan 20, 2006

It's going to drop, just wait...

-Kastro

Ivanovich · Jan 20, 2006

Shorted the failure at 1.2140. Stop at 1.2180.

Ivanovich · Jan 20, 2006

Quote from illiquid:

Seems like someone needs to get stopped out here before we can turn.

Agreed. Thompson is advising people to stay the hell away from this pair until it gets some direction, but quoted "We've seen this before. Brave souls can short the 1.2140-60 range with a tight stop but it's best to stay out on a Friday afternoon."

Kastro_316 · Jan 22, 2006

What do you think? Will it break 1.2200? Or come close, and drop down towards 1.9000?

-Kastro

Kastro_316 · Jan 22, 2006

Nevermind...It did
Took out my stop

-Kastro

downrivertrader · Jan 22, 2006

I think we have seen the high for the week. Maybe for the next few years.

NTB · Jan 22, 2006

I'm a buyer here.

Ivanovich · Jan 23, 2006

Quote from downrivertrader:

I think we have seen the high for the week. Maybe for the next few years.

I wouldn't be so sure. After the break of 1.22, I've turned bullish, following the technicals. Fundamentally, this is a stupid upmove, but the market has had long bouts of irrational behavior before. The strength of the technical move, however, is too hard to ignore.

OfmY · Jan 23, 2006

Hello Guys

Before it broke 1.22 I also had played with 1.20-1.22 range.

At the current time/level I'm also turning bullish.

But now went short @ 1.2275

with tight SL and small position