Pulling an all-nigther for this EUR/USD trade

Discussion in 'Forex' started by T-Bone Trader, May 28, 2009.

  1. just went short @94 - plan on riding it down to 3860 where I will be boarding the euro bull train. Should be an interesting night. :)
     
    #11     May 28, 2009

  2. You think this thing is going to the 200 SMA on the 60-minute chart? I doubt it....it certainly will be interesting!!

    I'm looking forward to no trading Friday and a nice long-ass weekend.............!
     
    #12     May 28, 2009
  3. your probably right...
     
    #13     May 28, 2009


  4. I just could not get over how the US markets did in light of the GM bankruptcy (pending) and foreclosure data and the other economic data recently (which has been okay to be honest).

    But Bill Gross says that the USD will lose it currency reserve status, some guy at the ECB (forgot his name, I think he is Spanish) sounded pretty hawkish this morning in Europe

    All fundamental reasons point to a stronger EUR right now

    Plus people are selling USD because they don't want to miss out on the potential US stock market rally

    In addition to my charts screaming buy, buy, buy!
     
    #14     May 28, 2009
  5. Man, I gotta start trading forex. :(
     
    #15     May 28, 2009
  6. WTF does that mean?
     
    #16     May 28, 2009
  7. baron193

    baron193

    long at 973
     
    #17     May 28, 2009
  8. #18     May 28, 2009

  9. Traders seek US dollar safety when things are bad -- risk aversion as it is called -- same concept with bonds


    When things are good, traders get into the stock market --

    It's a pretty simple concept -- I'm surprised you didn't understand?
     
    #19     May 28, 2009
  10. baron193

    baron193

    out at 980
     
    #20     May 28, 2009