I do see a doji on the half hour charts a few bars back Viper, that would have been a good place to short. Too bad I didn't see it.
Isn't trading so much easier in hindsight It might still be a good short, engulfing pattern confirmed the doji. And still going down, very very slowly!!
on the highs and only scalped it instead of holding on for 20-40-60 max tick gain ... I need to have faith in myself sometimes what was interesting to me was on the highs in cable .... there were a ton of offers above 1.87 big figure dec futures which either was going to mean the next move might be to gun stops but instead it seems the offers were too heavy to lift ... unless they were to be cancelled out
could there be some choppy movements due to poor liquidity in the next 24- 48 hours due to the Thanksgiving holiday ?
GBP is looking attractive to go long on ..... edit: as thomson reports: " The primary trend remains higher, but hourly studies are overbought now and prices are not too far away from key historical resistance at 1.8775. Looking for a dip back toward 1.8640 or 1.8615, the prior trend highs, to take on new longs. (ams/RD)"
Thanksgiving last year, the Euro opened at 1.1775 which was the low, rose to 1.1948 and closed at 1.1932. I only have daily data back that far and I wasn't trading on turkey day last year so I don't know what happened that day. Cheers, TRADERguy
Euro seems to like flying during the European session these days. I closed my long before the Asian session for peace of mind. At least, I didn't get caught short in this madness. Chinook might need to fight again for pennies during the US session after this runup Although today we have a busy schedule with several numbers coming out. Hopefully, this'll create at least some tradeable volatility.
I'm not playing it. Although, I agree it's in an overall uptrend and these last 10 dollars are probably just a retracement presenting a good buying opportunity. I'm currently only playing EUR, Bonds and S&P. However, my EUR position is really the dominate factor in my trading. How come the thread has been so inactive for the last 10 hours? I thought with this move I'd wake up and see pages of commentary. Is everyone just long and strong? Maybe time to sell . Actually, another few big figures and some poor price action and I'm heading to the sidelines for the time being. I'll keep you updated if/when I do.