DislikedHi Lug,
I think you may be correct, read an article stating that 80% of "RETAIL" traders were shorting the E/U....which can only mean one thing.....The commercials are selling to them as the price moves up. As I said last night, skuttlebutt is an option barrier at 1.3800 which I think comes off at the 1000am NY cut on 7/13/07 Friday.... Does the EU have enough gas for 1.4000?????.....keep that trailing stop close. Nice trades BTW. Good Luck.Ignored
Some profits have been secured with the trailing stops so I will just let the market feeds me as much as it wants.
A pending order at 3800 was triggered. This position is just half of the normal size.
Hmm for this Monday or Tuesday, I'm expecting another bull run. In my opinion price failed to close above 3800 because traders dislike having position over the weekend.
As usual ... I can be wrong but one thing for sure being wrong this time doesnt hurt thanks to trailing stops.