I'm shorting the ATH-area on my demo now - back to 1.2910-15-ish levels. I will NOT do this with real money though, since I'm such a coward - just need to get some outlet for my trading addiction. edit: It does not look too good for that demo trade just now. 1.2942-45-ish ... Holy ... Here's the revenge I was mentioning earlier; and into the european close. The very popular peppy talk now is how the EU top punidts welcome the higher â¬. Another great Bloomberg UK comment : "if you can't smell the coffee on this - I don't know what's wrong with you" ... edit2: I am shorting (spot demo only, though) because I have an idea of what I think the markets would see as reasonable ... but I have no idea of the plans of the big bad boys doing their exit things and revenge here. They might go for more triggers still; although it's a clear road ahead next. Traders are just looking for some quick profits after the mass slaughter earlier, I guess.
This is amazing. I'm doing some quick shorts but managed to get all my profits get eaten by comissions!!!
Careful about that over-trading. If you're not too much into the red, then take your time. This 1.2940-ish level is quite high - but a retrace back to at least 1.2920ish is plausible. Take your time, or trade another day - because there is very little resistance ahead on the background of the political comments today. edit: just got 1 second too late in on a good mid 40-ish short .. but I'm not chasing anything today.
I'm about -8 with the comissions. Too many trades. Anyway I put in a short around 40s. As you said it might go down 15-20 ticks...
Yes, but also watch the thinning volume from the european close. It will indicate how the rest of the day develops. Some heavy 1.2930 support spotted. Watch out. edit: It broke easily into mid 20s .. now .. will we get my demo spot target of below 20 ? That account is too ridiculously up this week ... closing on 500% here we go below 20s ... lock in profits around 15-ish .. remember ? edit2: I just locked in at 1.2920 at the spot demo. Hope you got a nice out too, chinook. You ARE trailing tight, right ? (quoted my post instead of editing first )
The ask in teh book got heavy with 500+ at a single level! I'll trail this for a bit. Your return on demo is incredible! What kind of leverage are you suing?
You guys watching JPY at all? BOJ intervening or what? I'm short with a bid in at 9400, hoping to hit lotto
We're back below 1.2920 again, it's my scalping fears that made me get out there first, but seeing as we now are 1.2925 again - I guess I have some reason to use that fear of losing profits.
BOJ will not intervene now. The internal markets, economy of Japan is much stronger now; i.e different market conditions, fundamentals. You should have wathced Bloomberg TV comments during asian session last night, there were some good insight. I'm not trying to downplay the trade of shorting JPY against USD, but I seriously think that Japan will be "helpful" in letting USD slide against JPY a little too. They probably have the view of seeing the US economy being an important catalyst for their growth further. Holy sh.... I just saw 1.2951 there ... It's just like I said - I can anticipate some market consensus on levels, but not the cunning plans of the big bad boys - but staying alert of the fact that there is absolutely no fundamental resistance ahead should induce enough short-⬠fear.