This is an omen, you're the second person to have mentioned that in two days. I'm planning on building a short Eur/Usd from around 1.48 up to around 1.50 and was planning on a stop above 1.60 which is kinda wide for me but I believe the risk:reward is ok, is this a viable alternative do you think? This is new territory to me....
I was planning on shorting the next leg up and slightly longer term, ~1.35 area by year end? I only have a couple of these fundamentally based trades a year, I think this could be a good one.
Ok thanks, I'm usually a scalper and think 1 - 2 minutes ahead! Like I say this is one of only a couple of these fundamental trades I make in a year but I have a good feeling about it, all the ducks are lining up
I'm looking at good LT euro resistance south of 1.52. ES south of 1176. We're at solid resistance at 1076. See if it holds. Fundamentally, yea, I agree 100%. Employment and PE's scream overvalued, then a flight to quality. Agree. As far as FX options. I don't know much. Perhaps try Atticus?
EURO is going up after today's open. I don't see why it is a viable short opportunity.. it will be back up to 1.4720 within a few hours of not minutes after the open. (unless it opens gapped up to 1.4720.. then yeah, short that shit) Don't be surprised if it's touching $1.50 by end week. Very possible because sentiment is "short' right now
I find little reason to agree with most of your posts. Especially when an anonymous person refers to themself as "I'm very good at this." That actually makes me think you have no idea what you are doing...