The EURO

I closed because my money management plan told me to close them :)

I still see EUR/USD going down towards 1.19-1800, but for now, I will just watch.

Good luck to everyone,
-Kastro
 
Well, I thought that it might stall a bit at that point. So, might as well take the $$$ while its there and wait for another opportunity to short. Of course as I type this the Euro has hit 1.2038 and is probably heading for the high 1.19's tonight.
 
I need some advice on how to follow ECB (and other Worldly announcements) more on a real time basis. I don't trade based on what they say, but the lack of information that I have is pretty bad.

I listen to Bloomberg, but this is terrible for real time. I subscribe to IFR news. How do you guys do it? Guess I am missing something with all this.

Thanks.
DRT
 
Quote from downrivertrader:

I need some advice on how to follow ECB (and other Worldly announcements) more on a real time basis. I don't trade based on what they say, but the lack of information that I have is pretty bad.

I listen to Bloomberg, but this is terrible for real time. I subscribe to IFR news. How do you guys do it? Guess I am missing something with all this.

Thanks.
DRT
More...

Simply go to ECB official website. They provide live webcast of the press conference.
 
eurusd
2/2/2006 17:55 1.2205 1.2070
2/2/2006 20:19 1.2236 1.2099
2/2/2006 22:43 1.2272 1.2135
2/3/2006 1:07 1.2314 1.2175
2/3/2006 3:31 1.2361 1.2221
2/3/2006 5:55 1.2417 1.2276
2/3/2006 8:19 1.2480 1.2338

I bought some
 
Short EURUSD at 1.2098 in the Asian market today because if you can't beat them, then join them. Stop now placed at entry point.
 
Can one of you more knowledable guys help me with understanding the logic behind option expiries. I am aware in general that price action is drawn to these levels prior to expiry, but I really do not have a firm understanding of what is going on at a higher level

For instance, this morning it sure seems a firece battle is occurring over the 1.1900 level. I am continually amazed at the amount of $ or Euros it must take to manipulate these levels, but with that said it sure happens all the time.


I think the NY cut is at 10:00 AM EST. If I hold a 1.1900 option what does this mean? And who is trying to make sure I am not successful in my option play?

DRT
 
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