I smell some addiction here I have the same bug too! I couldn't resist and shorted around 1.2628 area. That one got busted with 4-5 ticks. I put a second short from the same level. I have an urge to bag this trade and carry it overnight. I'll see how things go towards the Globex halt.
Yup, addict allright. I continue to knock myself on the head for the stupid trading this morning; waking up with my 2 1/2 year old son - playing a little, then barely able to watch what's happening starting to trade after a brief look at charts. As you can probably guess I'm not a good trend-trader. Since I started FX, it has been several - fairly broad - ranges. I prefer it that way, and when I smell some big trends I keep my feet out of the big wigs' hair. Not today though, and I could easily have given back a lot, as I got into it with too big size. So I hope we give back a little to get me feeling a bit more secure in my trades. However, the "breakout" lately probably has been getting more attention and corporate players as being speculated. This could have a self-confirming effect where more talk about a trend underway - get's the trend underway. The fairly good US numbers today showed that ... Tough markets. edit: If just my EuroFX trading was as careless as my demo spot FX trading .. showing 150k now - up from 50k in a couple of weeks. Unrealistically leveraged trades though sometimes ... old habits die hard.
The Fed's Yellen is giving a speech on the US Economic Outlook at 00.15 CET on the 22nd--three hours from now. Cheers, TRADERguy
Where did you get this info? It's not showing up in my calenders. Edit: I found it! Thanks for the reminder. There were 3-4 other Feds speaking today.
Usually they are but once in a while there might be good reveresals around the European open. Wow, somebody dumped big time just as I was getting up from bed!