anyone knows what's the reason of today's spike?
- #415,824
- Mar 30, 2011 12:08pm Mar 30, 2011 12:08pm
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
- #415,825
- Mar 30, 2011 12:10pm Mar 30, 2011 12:10pm
- Joined Apr 2005 | Status: Mr. R.E. TIRED | 4,540 Posts
anyone knows what's the reason of today's spike?
Just looking at the Dow chart , it is a few points below the high for 2011 and has been pushing new highs for the past few trading sessions.
It looks like " risk-on" button is stuck and it is unlikely Eur will make a significant low and maintain below unless the FED jawbone the USD up again.
I will trade the EUR short term for a few pips but I will give any longer term short positions a miss.
There is also end-of-month and end-of quarter settlements ahead , trade with caution
" Never let the past hold the future to ransom "
- #415,826
- Mar 30, 2011 12:10pm Mar 30, 2011 12:10pm
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
- #415,829
- Mar 30, 2011 12:11pm Mar 30, 2011 12:11pm
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
- #415,830
- Mar 30, 2011 12:13pm Mar 30, 2011 12:13pm
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
Hey Kill.
Where you hiding my friend?
hey clue busy with family and walking the dog
hope u are in green
- #415,831
- Mar 30, 2011 12:13pm Mar 30, 2011 12:13pm
- Joined Jun 2010 | Status: Hello,Mr.Market | 1,806 Posts
A chart helps those who can read it.
hi all
I shoot for 12 pips and did manage to get 3 in this morning but it was like playing in traffic
at this point, i'm not sure what my next move is except stay out of the way of fast moving pa ... i know "chicken"
- #415,833
- Mar 30, 2011 12:16pm Mar 30, 2011 12:16pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You 
- #415,835
- Mar 30, 2011 12:22pm Mar 30, 2011 12:22pm
- Joined Mar 2010 | Status: Trader | 42,434 Posts
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #415,836
- Mar 30, 2011 12:24pm Mar 30, 2011 12:24pm
- Joined Mar 2010 | Status: aka QueenB | 4,808 Posts
Just looking at the Dow chart , it is a few points below the high for 2011 and has been pushing new highs for the past few trading sessions.
It looks like " risk-on" button is stuck and it is unlikely Eur will make a significant low and maintain below unless the FED jawbone the USD up again.
I will trade the EUR short term for a few pips but I will give any longer term short positions a miss.
There is also end-of-month and end-of quarter settlements ahead , trade with caution
I do understand the "trade with caution" but confused with the relationship between the two.
- #415,837
- Mar 30, 2011 12:26pm Mar 30, 2011 12:26pm
- Joined Jul 2010 | Status: Weebley Wobbly Timey Wimey stuff | 10,604 Posts
so your saying that the euro is being helped by the Dow being up?
I do understand the "trade with caution" but confused with the relationship between the two.
How anyone in the markets is thinking risk off right now is beyond me, considering it 'feels' like the US is on the verge of another financial disaster.
- #415,838
- Mar 30, 2011 12:27pm Mar 30, 2011 12:27pm
- Joined Mar 2010 | Status: aka QueenB | 4,808 Posts
exactly. one of my shorts just went against me for 9 so i decided not to see if another big move up was forming and pulled it for the loss.
- #415,839
- Mar 30, 2011 12:29pm Mar 30, 2011 12:29pm
- | Membership Revoked | Joined Oct 2010 | 2,745 Posts
- #415,840
- Mar 30, 2011 12:30pm Mar 30, 2011 12:30pm
- Joined Mar 2010 | Status: aka QueenB | 4,808 Posts
Yes. Markets up = risk off = less USD = higher euro.
How anyone in the markets is thinking risk off right now is beyond me, considering it 'feels' like the US is on the verge of another financial disaster.
