Covered at 1.3576. captured 74 pips on the downside for a 54% gain. Could of had more but I got to get ready for work.
2009-03-24-TOS_CHARTS.png
Covered at 1.3576. captured 74 pips on the downside for a 54% gain. Could of had more but I got to get ready for work.
2009-03-24-TOS_CHARTS.png
Thanks Tom.
If you get a chance, take a look at the EUR/USD daily chart. I can't post the correct chart at the moment, but it looks like it's in the process of rolling over. I see a lot of potential on the down side. Obviously, no holding over night, but a lot of quick intra-day shorts. Perhaps I'll get lucky and catch a big cliff dive.
Interesting that you say that. I've got significant exposure to international markets so I've been watching the dollar carefully. Looks to me like the dollary has put in a low on the daily cycle. And I'm wondering if I should close my international positions. They've been doing so well since about March 9. But it seems like getting out of an EFT at the right time is much harder for me than getting in.
Lady
If you think education is expensive, try ignorance. - Derek Bok
Oscar's been shorting the euro also, he did today.
http://www.livewithoscar.com/modules.php?name=Content
-- Tom | My Trades
He's not making any sense. Saying there's a fundamental change in the market, but shorting the EUR/USD? If the bull market is back, the EUR/USD will continue to rise.
Did SPX just filled the gap at 826? That might have been the time to try a EUR/USD short at 1.36.
I'm not at home so I can't make any trades.
EUR/USD did a cliff dive 1.5 hours after I went to bed. I didn't have a short on as I don't like to leave trades on overnight. Now, I'm considering going long for a quick trade.
2009-03-27-TOS_CHARTS.png
Shorted EUR/USD at 1.3191. This will be quick.
2009-03-30-TOS_CHARTS.png
Ouch. Stop got hit over night for a big loss.
Sorrt to hear. Those overnight futures trades can be brutal. There is period where the swings are wild, as if they are just shooting for the stops.
-- Tom | My Trades