Offshore Trader
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I think the 1.20 level on USD/CHF is important if we get through there, there could be big gains for the USD
Cable...please, please, please go down
Cable...please, please, please go down
City Bound
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Damn....
Stopped and re-longed at 560. Yes, I am fighting the trend.
Stopped and re-longed at 560. Yes, I am fighting the trend.
hi a_g, nice one.a_gnome said:
I'm short (vebo) and at b/e. Will leave there for a while longer today until the dust settles. The 3hr short swing firmly in the black, stop still at 645 though, it will probably need some wiggle room for a while.
City Bound
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looks like the Goldilocks scenario for the US economy then. Hopefully we're back to the Dollar decline.
City Bound
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4Cast's take on the spike in EUR/USD:
* 08 Dec 06: 14:05(LDN) - FX NOW! EUR/USD Flows - EUR/USD slide after data welcomed by a long list of buyers
USD tried to rally in the wake of slightly stronger than expected US employment data. But, once prices breached the 1.3250 level and touched lows of 1.3235-40 buyers appeared. So far the list of buyers includes technicians, whose key levels dictated buy orders; Russians, who are still probably in need of recycling USD that were used in a rouble intervention earlier this week; Far Eastern buyers have been noted, pulled in by the surprising EUR strength and finally, to cap off the rally, China has been seen buying in good size all the way to the 1.3345 highs. M.B.
* 08 Dec 06: 14:05(LDN) - FX NOW! EUR/USD Flows - EUR/USD slide after data welcomed by a long list of buyers
USD tried to rally in the wake of slightly stronger than expected US employment data. But, once prices breached the 1.3250 level and touched lows of 1.3235-40 buyers appeared. So far the list of buyers includes technicians, whose key levels dictated buy orders; Russians, who are still probably in need of recycling USD that were used in a rouble intervention earlier this week; Far Eastern buyers have been noted, pulled in by the surprising EUR strength and finally, to cap off the rally, China has been seen buying in good size all the way to the 1.3345 highs. M.B.
Offshore Trader
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You would expect the EUR to have a go at the highs when it has got this close...hopefully it still will......
Offshore Trader
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So, option time passed, can we push higher now?
...another turnaround day for you by the looks of itOffshore Trader said:
I've been lacking confidence in the method of late and reduced stakes today as a consequence. It's a learning experience, but one thing it has highlighted in my own trading is that i need to do more comprehensive testing to be doubly sure of the method and be more comfortable during drawdown.
Offshore Trader
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ChowClown said:...another turnaround day for you by the looks of it
It's a learning experience, but one thing it has highlighted in my own trading is that i need to do more comprehensive testing to be doubly sure of the method and be more comfortable during drawdown.
I went full stakes today and didn't back off. To be fair though if I'd used a broker, I would have lost money today, City Index should have stopped me out when Cable pulled back after the break higher but kept me in. The one problem I did have was not being able to move my stop on the spike down but all in all pretty happy today, it does correct an appalling recent run and gets back 1/2 what I've lost this week. Hopefully, next week we will get some proper moves at the start of the day. With no breakouts which have continued all this week, to me it just makes it all the more likely that we will get some next week.
