Right on, Ohio should be able to call now - but stalling. If Kerry wins Ohio, and then MI, WI he would most likely not need to know about FL. Interestingly, EuroFX is momentarily down on this ... I guess FL stinks with brother Jeb and all their bad, mixed up voting history.
If you look at a 4hr chart the trend has changed. There is a lower high (not by much). Kind of looks like a 123 reversal, don't you think? 10/29 would be a good time to start looking for shorts in my opinon. I was last night, but that trade was breakeven. In my analysis, I don't see any clear setups for an upward or downward trend right now. Hard to say right now... If I were to go short, well there's a small chance that it could happen because if I can't move my stop to breakeven by the time it reaches the low of 1.2631 then I won't take the trade. My buy signal has a better chance of being hit, but I dont know what's going to happen. Just gotta keep watching.
Yes, I agree there are some mixed signals. However, with the knowledge that things are getting very close again and with the upcoming litigations if not Kerry get OH, CO or something - or likewise Bush NE, CO then we will be in the dark for some significant time - what national elections are concerned. Therefore I think the most likely result will be a maintenance of the range of last with a slight bias to the upside because of the weakness seen b/c of the confusion and bickering. BTW, I'm enjoying some cheap red wine from California here - Blossom Hill, but it's getting a little late. I'm adding slightly to long again.
You're doing some late happy hour there too I'm glad that you reminded me about IB shutdown. It's going down in about 10 minutes. I have my stop at 1.2710 in anyway. I'll just leave it.
Seeing some range extensions, but to me it's just more opportunities to add a little. I am not trading big size though, roughly 20% of RTH size.
That's OK I remember the other day you didn't use stops for a non-scalp trade....This thing can go both ways you never know.