Symbol for Euro Futures is EC. March contract is ECH06. Symbol for spot is EURUSD. I think you were asking about futures.
My patience is wearing a little thin. Still long. Think we have finally reached the launching point.:eek: :eek:
You are obviously a very experienced trader. However, aside from a short term pop in the EC, the technicals seem to be very bearish. Are oyu basing your long decision on fundamentals? Regards Steve
No. No. I do not understand fundamentals at all. I am very short term oriented really. Sometimes my trades are a single session, sometimes like this trade they last all week. Depends on the market action. I do sometimes hold a long term position in a smaller account. I started this thread with the yearly view in mind just so we would have something to talk about and laugh about. If price does manage to move up today. My levels have slightly changed. Good near term targets would be 1.2044 1.2093 I would like to see a push thru the .2044 area and then a retrace into this area that holds for another move up. On the downside, .1970 is a key with the next level of support around .1896. You never know until the options are off the table what is going to happen. I think we would have moved thru 1.20 on spot this morning, but too much blocking and tackling going on around this level. Once they are off the table this morning, hopefully we will see some movement.
This 1.2044 ish area is really important. If it gets there at all. Keep on your toes here as it could send price south pretty hard if it does not hold. Some downside still lurking. Good luck. DRT
I just bought more at 1.1970. Funny how price always returns down near the open levels just in time for the NY boys to get their orders rolling. As soon as that option expired , whammo. Good luck and be careful. DRT
Heres the "Thought of the Day" Sometimes, when you least expect it the 1.2000 spot level could be tested. It's days like today when it would not surprise me. Don't leave your battle stations this afternoon. Feel like I am on a roller coaster sometimes.
I can not fully explain why, but I got flat today at the close at 1.2001. Everything actually looks just like I want it to, but something just tells me that we may search a little lower. My bias is still up, but I am favoring an entry either lower or above this congestion. Things are ready to zoom.....something is just giving me doubts. Whenever I feel this way, I like to step aside. (although it is difficult). Now that I am flat....I am sure things will hit my targets. Probably one of those 100 point Asian sessions. Here is where we ended up on this one. L 1.2006 S 1.2001 -4 ticks L 1.1983 S 1.2001 +18 L 1.1970 S 1.2001 +31 Altogether, about +49 points. I feel like I worked hard for this. I am hoping tommorrow is a big day. I will look for a good entry Take Care. DRT