Well, it did it, it broke through!
Where does it go now? Keep going up?
Where does it go now? Keep going up?
Wow---eur/usd
- Thread starter Kastro_316
- Start date
Its below its longterm downward sloping Moving Averages. At this point it looks like a bounce, thats it.
What do you mean "bounce" ?
Thank you
Thank you
I was short, it took out of one my stops...why?
Here is your bull trade, USDCHF. Three year downtrend some base building, then a strong move above 100 and 200 day simple moving averages. Buying this currency on a retracement would be an excellent strategy. just the carry on a long position is yielding almost 4%. So with 100.1 margin holding this pair would yield 40% even if the curreny stayed flat.
Any news last night? I know it broke thru that 1.2250 technical level finally and it was off to the races....
Kastro and many with you,
Who cares where and how far it will go ?
Stop trying to forecast. You'll never get closer than a wild guess anyway. Nobody really knows.
Trade what you see and you would have made an odd 120 pips per 100k contract on this morning's break-out.
Hint (for what it is worth): the "smart money" in currency futures is long Euro and short Dollar at a ratio of 4:1 so there is a very good chance (all else being equal) that EUR will rise against the USD.
Who cares where and how far it will go ?
Stop trying to forecast. You'll never get closer than a wild guess anyway. Nobody really knows.
Trade what you see and you would have made an odd 120 pips per 100k contract on this morning's break-out.
Hint (for what it is worth): the "smart money" in currency futures is long Euro and short Dollar at a ratio of 4:1 so there is a very good chance (all else being equal) that EUR will rise against the USD.