Just took 1/3 position at 16 pips profit. Bought back at 1.5818. Make money now, and on Tuesday. Why waste time.
What makes me laugh about this is everyone's belief that the Euro Zone is going to make it out of this unscathed. I can understand the yen appreciation - all those yen shorts for so long are getting pounded as people cash out from the table. But the Euro? The Euro is the only currency I don't get here.
Dollar is up against Cable tonight. Is this just due to various crosses being played or is Cable also doomed.
I agree with you. But when the dollar is knocked by any currency (in this case the Yen) all other currencies taken the opportunity to take a bit of the old bull dollar. This is a sad day for America.
no need to justify anything just pretend your in a losing position and when that painfully huge tick up appears cover your immaginery trade at a loss and rake in the $
Crosses. But UK and America are viewed in almost the same bag. Europe opening will tell us the true story. Remember it is asia now which is open. We know that asians take the exist very slowly and only one at a time!