mr vision trader ... do not these two statements made by you in the last few days contradict each other ? - I got long early this morning with a full position- -BTW - I was not implying that this was any major bottom-
Those who went long yesterday, congrats! EUR decent run was overdue. I believe we'll see more of this. I sold my 2 Dec 05 contracts though. I'll get back in if EUR weakens again.
I don't understand your question here. I got long and rode it up that day. What is confusing? I am in and out of bottoms, middles and tops all the time. What I am saying is who cares if it is a major or minor bottom. I am a trader not a weather forecaster.
The downward sloping resistance line in this chart was the 'significant level' I alluded to above. If you scaled in a bit, it'll be a nice risk/reward payoff if Euro does rally to 1.1900 or so.
Long Again. @ 1727. Anyone else?? Target 1 = 1923 Target 2 = 2016 Might need straight jacket for this one.