Euryen June 15
Last week I made a terrible mistake, actually 2 awful mistakes. mismanaged a short in euryen (at no loss fortunately), got upset with it and stopped looking at it all together focusing on cable only, so missed several interesting long entries.
my views that euryen was topping or that the likelihood of a top being formed had increased, have been almost completely eroded with Friday's move up. I will sit on my hands to make a move on this pair. I will probably play it as a textbook broadening formation on what i see on the daily chart when I see a decent pullback.
(www.thepatternsite.com )
Also, the weekly appears to be forming an interesting wedge. will have to keep an eye on it. All the market talk about carrytrades, and the activity in the 10 year treasuries, give me 3 things to think about
a) Shorting the euryen is risky business (i.e. stops to breakeven ASAP if in a trade)
b) Where is the top ? which i wont try and find out.
c) after Friday's multiyear high, short trades are like wearing winter gear in the summer and i already put my winter stuff in the attic :cheesy:
trying to post charts....need to find out how
posting charts is not the same as the main threads
Last week I made a terrible mistake, actually 2 awful mistakes. mismanaged a short in euryen (at no loss fortunately), got upset with it and stopped looking at it all together focusing on cable only, so missed several interesting long entries.
my views that euryen was topping or that the likelihood of a top being formed had increased, have been almost completely eroded with Friday's move up. I will sit on my hands to make a move on this pair. I will probably play it as a textbook broadening formation on what i see on the daily chart when I see a decent pullback.
(www.thepatternsite.com )
Also, the weekly appears to be forming an interesting wedge. will have to keep an eye on it. All the market talk about carrytrades, and the activity in the 10 year treasuries, give me 3 things to think about
a) Shorting the euryen is risky business (i.e. stops to breakeven ASAP if in a trade)
b) Where is the top ?
which i wont try and find out. c) after Friday's multiyear high, short trades are like wearing winter gear in the summer
and i already put my winter stuff in the attic :cheesy:trying to post charts....need to find out how
posting charts is not the same as the main threads
