Stopped out at .8520 on the yen. Still made some profit, but I gave a fait amount back. I am trying to establish a long term short position in the because of the bearish Weekly and daily charts. I decided to tighten the stop after looking at the hourly chart. I probaly shoulda just taken my profit and ran, but I wanted to give my tade some room to work. Regards Steve
Can somebody check their platform to see what volume level you have for the ECH06 contract on Friday. My chart jut updated with a big correction and I was wondering if it is accurate. Very important.
Volume for friday was 114893 according to trade station. BTW, buysell where is your stop? I also got short again at .8525. The hourly charts do not look so scarey now. Regards, Steve
Hold on to you hats because retail sales figure will come out tommorrow, and new fed chairman will also be speaking. According to bloomberg, thier analysts expects the dollar to be very strong this week with more news confirming the fed's tendancy to tighten.
I shorted the EuroCurrency earlier today and quickly found myself up the creek....without a paddle. No worries, I flipped the position and rode down current the rest of the day. This market can be alot of fun to trade! Mike