looks like a good reversion trade, short onn long off. cover at 25 looks like the spread inverted around 12/15
If DXY goes to 88, the Euro will be at par. That is a monster move. Not sure I'm quite that bearish. If the Euro goes to par, we probably re-test the 1060 area in the ES.
Joe Terranova was laying down the trend following law today on fast money. Don't know if people saw this it was towards the end of the program good stuff!
http://www.4shared.com/dir/8iqeNDfz/NYSE_Symposium_2003.html There you go. Much watch stuff. This plus the book will shave years off of your learning curve.
Because I knew I would probably be asleep when that happened, wound up with 126 pips on the day on a horrible exit. But, shit happens.
Gold is testing your level again John. You know what they say about 3 tests of a level...I think we get the break through.