Whoa! So, I'm not the only one full of **** around here. Good luck reaching the 1.2200s. Take profit @ 250-pps down. You'll do better. DD
Looks like we might get a run up before we get a run down. I am tempted to take a little profit and watch but I will stay for now. Afraid we will run to 1.90's DRT
Just a reminder guys. This web site is Elite Trader not Entertainment Tonight. This forum is FX Trading and this thread is titled EUR/USD. Meaning most anything not related to FX trading belongs in another forum. Most anything not related to the EUR/USD pair does not belongs in this thread.
I am taking my profit at 2750 for a 45 point profit. If we get through this area, I will get short again on a pullback. DRT
Hi DRT, I've been following your calls for some time and they interest me a lot. You said that you are analyzing weekly and monthly price distribution. Have you tried your method on daily bars and if you have, is the result as good? Thanks.
Do you have any empirical evidence of this? Does this also mean to say that if ECB raises rates, probability favors a EUR rally? EDIT: After looking at the past 3 rate increases on Dec. 6, Mar. 8, Jun.15 the daily range on those days were miniscule. It seems the ECB meeting's recently have been non-events. Anyone else care to chime in here?
I trade intra day based on price distribution also. In fact, the daily chart is probably my primary tool. DRT