Deutsche Bank says E/U should trade around 1.20 rest of summer. They prefer to stay out of E/U and instead look to short G/U.
EurAnalysis Kindergarten 24 replies
Went went short US/CHF to hedge last week
sitting at 97800,has not been at these levels for over a year
thought it would drop down to 96000Ignored
DislikedNot sure about 9600 today but 9720/30 seems doable if we get a retrace. All depends on NY now. London doesn't seem to want to move things today.Ignored
DislikedAbsolutely. Im just a swing/position trader. I find clusters of significant numbers and create channels to trade to/from with a proper underlying bias and good money management plus a heavy dose of patience and humility
Glad to be able to contribute and share the markets with so many good traders on PT's thread. It is very nice of him to maintain this thread and we should all be thankful for it.Ignored
DislikedEU Commission: No need for sovereign guarantee for recapitalisation of euro zone bank’s once banking supervisory authority is in place
It's not like we didn't already know that, but it makes for a nice short covering and an opportunity to jump in short at a better priceIgnored
DislikedHi PT - I trust that your part of The Med is as warm and sunny as mine - my alarm just under the Daily Pivot called me in from my pool in time to sell the hit on the DP......http://www.forexfactory.com/images/icons/icon6.gif
PS I sold cable too as it made a LH after its earlier hit on its DP.....Ignored
DislikedLooks like I'm the contrarian today. Took two longs last night, E/U @ 1.2365 with a TP at 1.2360, crude @ 84.20 with a TP at 85.60.
The E/U long is based on technicals where I believe we are due for a correction, the crude has formed an inverse head and shoulders on the daily and is moving up from the right shoulder.
Both of these plays are short term and these TP levels will also act as my entry for shorts where I have sell limits.
Let's hope I'm right...Ignored