How to trade the EUR now

usd/jpy... natural to see some take profits at a channel top and comments like this:

Japan’s Amari: Yen strength largely corrected; further weakness could be harmful

also the dollar to ease off highs ahead of Bernanke etc.

it all seems somewhat logical.

 

Objectives in fact centered for UsdJpy.
http://www.reuters.com/article/2012/02/27/nissan-yen-idUST9E8D900J20120227

 

The day of Bernanke and Fed…let’s wait and see the beginning of the volatility.

 

The market response to the messages sent by the Fed is quite clear. The 200-days moving average of 1.30 acts as a resistance and now attack to the neck line of 1.2780

 

I think that EurUsd will difficultly try to break downward 1.2770 until June 6th, when the market expects a lot from the ECB.

 

I just got long a few minutes ago at 2927

 

but then again since midnight

I sold to close at 2982

went short at 2959

covered that at 2968

 

... and I'm still long from 3096. I'm also getting eaten alive by a collapse in MTU from 6.87.

 

even though I was short at the time, I always liked that long 3096

but now you have to manage the trade

like the man said, "Let them hurt you, but don't let them wreck you."

(He was talking about women, but same thing applies to trading.)

 

I liked it too. I forget now exactly what happened, but I believe it was threats from Berdonkey and his accomplices that QE3 would be cut back. Who exactly do they think they're fooling? Kill the dollar or kill the economy; either way EURUSD will head higher as everyone gets tiried of the crisis in Europe.