Long the Euro at 1643

Went long on 2 futures contracts of EUR @ 1.1689. I think we touch 1.1750 within the next day or so.

 

DOH!!!!!!!!!! You said put a buy not buy a put!!!!!

 

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.

 

sorry ... I now better understand what you meant

good luck ... ps do you ever trade gold or silver?

 

No... have never traded Gold but I follow it some.

Do you?

 

VisionTrader, I am long too! Almost have no hair left though lol