No, if you look at all central bank interventions against excessive speculation, they try to maximise the impact of their operations on the market. The Yen in 1998 moved 11 points in 2 days after the BoJ intervention, and then a few months later moved 22 points in 3 days when various hedge funds unwound their carry trades at the same time. The Euro might not move that much, but large moves after the trend reverses are highly probable. In any case, I don't think this will happen any time soon. It would require a much lower dollar and much more speculation against it. I was referring to what might happen if the Euro gets up to 1.50, not what might happen now.
Hi all, I see that you guys keep this thread live and interesting. We're getting close to 100k views I'm still not trading EUR but I'm monitoring my system on it. I'm currently trading the Eurodollar and Russel 2000 futures. Here's the equity curve (per contract) for the EUR futures for 2005. The system is NOT tweaked in 2005. It trades intraday only. I'm not comfortable with return/max drawdown ratio. That's why I'm not trading it right now....
hey chinook, good to hear from you. I have similar problem with my current method. Big drawdowns once in awhile like this month. I've realized that it's better to take the most reliable setups and miss more market swings. I was doing the opposite... taking even less reliable setups so I can capture more market swings.
Hi Andy, I'm running a quite simple system and I don't have much tweaking to do. If I tweak I'll end up curve fitting.
Not me, I bought it! Just kidding, I'm already long as is abundantly clear. Wild ride but to me today's action confirms the longer-term trend has truly resumed. Buy the close today if we close anywhere near the highs IMHO.
Hey chinook, what's new? Yep, anyone who's anyone knows chinook's is the place to be for all issues fx What's the record for pages on a thread anyways?
I will be sending out trade signals in real time so that if you wish to follow along you can. The goal of this is to provide signals that will generate profits of at least 20% a month. 20% a month compounded is a return over 890% for the year. I will be sending these signals out for free for 6 weeks and then if you wish to continue receiving signals I will charge a minimal fee of $125 a month. So right now I welcome you to follow along and see if this is something that is going to be able to benefit you. You can learn more at more Yahoo Group, JCL's FX Trade Signals. http://finance.groups.yahoo.com/group/JCLFXTradeSignals/ My Best, Jordan
I'm selling EUR between 1.3120-30 now. I think there are large offers above. Will buy back on a break above 1.3130.