Yea, I just sold some more at 111.25. Just building slowly. Chart has damage to it. However, could be creating a head and shoulders pattern with another leg up.
Chinook, how does the book look in ECZ4? You seemed to indicate it had a sell imbalance. Can you give me the exact numbers? This is something I rarely look at. Where can you see it other than on a trading platform (which I don't use)?
Glad you're feeling so confident.... I'm still looking for more consolidation. Containment under 30/40 and target of 2830/2800. I'll change my tune if 2960 is broken.
No, the whole world will help me as they have been for many months already. Typically, I like to buy first and then let everyone else buy after me. Just my preference.
You're not any bit concerned about the record # of spec longs in eur? Might need some pruning before getting over 1.30.
Yes, I'm concerned about that. However, that's what has caused the choppiness that we've seen in the last few sessions, weeks, months. Otherwise, EUR would just go very smoothly to 1.35+. Overall, the $ weakness is so pervasive and pronounced across all currencies, EUR has no choice but to follow the plan regardless of the number of Spec. longs. The real backbone toward a weaker dollar is in place. Retracements are inevitable but should not be very deep in light of the $ revolution that is going on at present. Condition can also be corrected by sitting and having spec. players give up. I don't think anyone on this board has been pounding the table today that the EUR will go up. Most seem to be expecting little movement-possible retracement. This is what I look for to get very long. Nonetheless, I always have contingency plans in place and will admit if/when I'm wrong.
Just got hit on 1 contract at 129.10. Still there for 99 more. Anyone want to hit me while you still can? Next bid 1.2900 below.