will keep buying for at least another 2 weeks __________________________________________________ EURUSD 12.00 Days ----Sell---- Thursday, September 27, 2007 ---Buy--- 1.4311 ------------------------------------------ 1.4100 1.4357 ------------------------------------------ 1.4054 1.4419 ------------------------------------------ 1.3992 % Return / Day 0.24% EURUSD Monday, October 08, 2007 ----Sell---- ------------------------------------------ ---Buy--- 1.4756 ------------------------------------------ 1.4471 1.4819 ------------------------------------------ 1.4408 1.4902 ------------------------------------------ 1.4325 Recommended Buy ============================================
I think we are about to see a correction. This correction will probably take place within the next week or two. However, I don't believe we'll see the EUR/USD get past the 1.3820-1.3870 level; even if this correction will hold four weeks or so.
I'M SHORTING NOW!!!! Yes, right now. Thanks for the tip! .... Ok, I'm in short. I took the short in CHF instead as it's highly correlated, twice the carry, and the CHF looks stronger than EUR long, medium and short term -- PPP, bilateral flow, and rate differential. In for 100k USDCHF 1.16375. Long the pair = short CHF and by correlation EUR. As you said in your original post, this is a long-term trade.
OMG! Wow! Your post confirms it, the top is in! I am more confident than ever in my short now so I will average down if it goes against me temporarily. I am marking my first entry to d=10 and will add another 100k when d gets to 20 -- not a continuous replication but the best I can do given the platform requires min 100k increments.