Well I made 10 pips shorting the Euro after the last spike. A voice in the back of my head says that is not the way to do it, but my P&L says it's OK. Anyhow, it's past my bedtime. May we have an interesting day tomorrow. Cheers, TRADERguy
......morning gents...back from Bangkok....three nights in one...very shameful...see my second level cut... that's a good thing...I THINK!!!!!...short @1.3282.....got no idea what's going on .....Hey!! that's nothing new....still sobering up....criticism Please...don't spare the whip...
Hey golden, do you have a finger stuck on your "period" key? When I read your posts, I'm reminded of a telegraph machine!
....bangkok....were's the stop....mumble..mumble....bangkok... were's the stop ...mumble.. mumble ....Lord if you let me live... I swear I'll never drink again ...mumble ...mumble...year.. sure.... mumble...were' s the Bloody stop........see it the delusions..most damaging.......for the the want of a period a nail was lost ..for the want of a nail a horse was lost...for the want of a horse..you get the idea....just bloody lost..I think...........
....1.3282...and feeling frisky....What, no critics....come on guys......if it can be knock down it's no good...
Yeah ... I remember my first trip to Thailand. Thailand and trading don't mix (Nanatrader notwithstanding.)
I'm scalping this, but being short 1.3280s is no problem if you can take the heat, and have a longer time-fram for the trade. Sure you could go hunting for that peak, but it will mostly cost, if looking for highly leveraged shorted tops - and then seeing a better peak approaching. Better enter with a small position and add when it looks like a winner. edit: For today, Thomson notes that there are bids and an option expiry at NY cut. Some bids at 1.3275-85 as well. BOJ/MOF has been speaking to dealers, inquiring about flows and sizes - which has capped the USDJPY and added to the EURUSD melting. Reports say that BOJ ar satisfied with the effect for today. Rumours about ECB-BOJ coordinated intervention talks. Bloomberg guests tipped 100 USDJPY and 1.40 EURUSD as pain thresholds for intervention. I think that a quick 1.35 would be just as plausible. Longer term USD positions 'soon' seem reasonable as USD is getting very undervalued; but Bush needs to fix his mess a little - and finance more warfare.
.......agreed..just steps and stairs....min leverage...in for the long hall....no where to go until God knocks.....swear I heard rattling last night....as far as trade/Thailand goes...that's all they they do here....they will sell you anything...I mean anything.....don't be blue horseshoe