not sure exactly what crosses you are in but I suspect if you do not have stop loss in you will have less profit than from Friday close GOOD LUCK -Position rules! I have been building it since yesterday, and it keeps going up and up in Euro terms.- long EUR long USD short GBP short CHF short JPY
Thanks. Just closed the trade @ 1.2105. (cash market - we use the futures data and trade the cash ) No need to be too greedy, waiting for a new opportunity now. Maria
nice trade futures volume sometimes is as good indication as any to us little guys as to what large buys and sells hit the FX tape ... ... by the way ... you were short EUR into the weekend? gosh ... was it going your way late friday ? I would have been nervous to have a position on in front of a news item weekend -Thanks. Just closed the trade @ 1.2105. (cash market - we use the futures data and trade the cash-
ok ... did anyone else know this ? saw this on the wires .... thin markets sometimes do weird things esp if there is news -There may be less currency trading than usual today because Japanese and Hong Kong financial markets are closed for holidays.-
Went short early after the start of the Globex session on thursday evening when the price hit the upper band of the downwards channel. There was also an election in New Zealand and that one also shaped up to be a cliffhanger, much like the German election. We were expecting a similar outcome in both cases as the last US election where in all cases the candidates are trying to appease the public. This means that their campaigns focus much on the same issues and that in turn results in evenly spread voting . This results ofcourse in about the worst possible outcome. We also belief that the market is fundamentally weak seeing the lack of enthusiasm for the Euro to get stronger and the enthusiasm for the USD to keep on rising. When one plays the longer swings then a gap is not too worrisome. Dad experienced same when Sept 11 happened (he was in a Jap Yen - USD trade at the time). We know that there are moments that governments want to "punish" the speculators (like with the Jap Yen) but these things normally announce themselves and that is what one has "crash stops" for. Maria
well, about the only think I can jump up and down about is my USD/CHF long(s). been getting money faster than I can open/close/open positions! suddenly the whole world LOVES the USD?? must be a hurricane-related mania.
same here stopped out from my short position yesterday @ 1.2756 and switched to long at the same level It feels like short covering though... i will be taking profits soon.