Probably, you are right in your assessment. To me it felt like most of the move was due to short Eur stops popping. Anyway, I 'm only risking 10 pips with low leverage. Chinook
My short got nuked after this last spike at about 1am EST. Anyway total loss is 10 pips. Tomorrow should be a decent trading day. Chinook
Yes, I was in at 1.2234 in the futures which was about 1.2240 in the spot. I got shaken out by 6 pips and then the market immediately turned down--Oh well, this is part of the game. But anyway looking at the price action, it looks like it might be able keep the upwards momentum tonight. Good luck with the longs. I'm staying neutral now--I want to start the day with a clean slate and be ready for 8:30am EST madness. Time for my beauty sleep! Good night, Chinook
Thanks for sharing Chinook. I must say this is the most honest Traders thoughts revealed in ET. I do not have much to contribute as I am just soaking up the experience in here and learning. I do not know if I will ever be able to trade Forex. Good night. Michael B.