Well I might actually get long after a 25 ticks pullback. I'll be guided by volume and my short-term adaptive MA.
I did not see this EURUSD train of trading coming anywhere this week and certainly not today. I guess this is a taste of what thin and volatile markets can do for us in december ... scary. I have just traded fx futures since late june, so I have no idea how it is. Also the russian play today was unexpected - just before december and after all this stalling ... I still think there will be some retrace down to possibly 1.26 area - depending on where it starts from - but it's jolting my thougths to see this movement today.
After two attemps and -7 ticks later, I'm long from 61. Now Chinook wants his +100 ticks Edit: OK I'll be fine with 1.3150 today too. I think I finally lost it! Seriously we should see at least a retest of daily highs and possibly 1.31.
Yeah, what's the deal with that? They said they'd be reviewing the amount of Euro in their reserves, but NOT the amount of dollar. What are they going to do then? Increase Euro and decrease something like CHF? The rest of the currencies in their reserves account for 5% of their reserve. Sounds like more typical Russian lunacy if you ask me. And I should know. I LIVE here. -Ivan
I have just traded fx futures since late june, so I have no idea how it is. Sorr y i have a very stupid question but what are the best EUR/$ futures to trade in terms of liquidity? which exchange? I follow the movements on Bloomberg but i've heard these are quotes from different markets and not actually tradable futures contracts. Cheers for any help. Wylex
I went short for five pips gain but it was too stressful. I kept picturing the price shooting north through 1.31. Cheers, TRADERguy