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

Wasn't he ranked as one of the top squash players in the world at one time? I thought I remembered that from somewhere, maybe his book.

 

The trendline in the picture is capping the EurUsd upside so far.

Chinook

 

I'm expecting the trendline to be broken later today. 1.2080-1.2100 is the range I'll play in for a while--long side only...Bonds are still up.

Chinook

 

I made couple of profitable range trades then played the breakout of the trendline. That trade got busted. I'm trying to squeeze ticks from the current micro moves. It looks like a wedge is forming with the flat side around 1.21 and the upward sloping side around 1.2090 now. I wouldn't be surprised to see a large up or down move later today.

Chinook

 

Oil started going down. Bonds sideways maybe a downward trend. EurUsd is back under the short-term downward trendline.
This might the beginning of an intraday downward trend for EurUsd. I'm betting on the short side now.

Chinook

Edit. Maybe this is a false alarm. Perhaps, it's a good point to get long. Well I see downside move potential larger than the upside. I'm risking 4 pips on this trade.

Edit2. I widened my stop to 7 pips. Oli and bonds are moving down but EurUsd is stalling. EUr just started moving down...

 

We break thru 1.2060 it confirms a 1-2-3 V reversal for a minimum tgt of 1.2015...good luck...playing aussie with same formation

 

Good luck to you too. Oil's losing it!!!!

 

Where to get oil and bond charts/rates?

 

I can get the quotes from my broker IB. I also have real-time subscription for CME products through Tradestation. I don't have NYMEX subscription but CME has e-mini oil (base symbol QM).

Chinook

 

I did some bad things and pushed back my stop seeing that Eur is popping without rest of the market not changing that much. Sometimes this happens before a major move. You get an out of the blue counter move then the real move comes. I call this phenomena the "last assault".

Chinook