Chinook's EUR/USD (E/$)Mumblings

Yes, nicely done.

 

Welcome to the Asylum

 

Think it'll pop 1.31? It certainly looks to have the drive

 

Also, USD/JPY into the danger zone again.

 

I have to patiently wait today to see a clear entry. Some of the recent reversal days like this have about 180 ticks high-low. We've done about 115 ticks so far. I'll definitely avoid blindly shorting this at this time.

 

I can't sleep, but keep spinning my thoughts about how the market moved. I got a few minutes rest, but will try and watch the market action - and some Bloomberg to get my sleep going.
The new high on EURUSD is absolutely incredible ... so fast it happened.

I was wondering if there wouldn't be a sharp USDJPY backlash already because of BOJ fears. I guess a broad USD weakness might be viewed differently, but still fears of BOJ.

edit: excuse my lingo if I'm not totally coherent - like my previous post had some strange phrasing - I'm just overcome by tiredness - but can't sleep - just like if one has been on a Redbull-binge or similar.

 

I should of listened to my own advice and not have cashed in at 1.3050, o well live and learn!

 

You had adrenalin rush from the night's action I know the exact feeling.

 

Thanks . This market is easy (famous last words). Just keep a constant long position in EUR and buy the other portion on any and all dips. Forget everything else.

 

chinook you go short yet seems to be a good spot