eur friday sell off?

[Lord Flasheart]

any one else think this could be a friday night sell off from these levels.
should come off if it reaches 60 min line as posted in chart.
Im short, probably a bit early but will re enter around the round number if it goes that high.im short at 1.2885.

 

[MrGecko]

not likely IMO

 

[Lord Flasheart]

as its Friday,just thought id start a thread with a bold call.If it goes wrong you will all have forgotten by Monday

 

[MrGecko]

I can't see what the catalyst would be; NFP + ISM gone, labor day holiday weekend in the US, glorious weather here in London, and it's twenty past five.

 

[Lord Flasheart]

not likely IMO

the 60 min line has held up 4 times why should it fail now?
The line is actually about 20 pips higher than my trade,but its hit this level 3 times so worth a shot from here. If it goes wrong I will reshort at 1.2900 and if that goes wrong
ill round up a few peasants from the estate for a good old stately thrashing

Lord Flash

 

[MrGecko]

whatever floats your boat mate

Peace and Goodwill to all Men.

 

[Martinghoul]

Peace and Goodwill to all Men.

And weeemen...

 

[Lord Flasheart]

I can't see what the catalyst would be; NFP + ISM gone, labor day holiday weekend in the US, glorious weather here in London, and it's twenty past five.

point taken,but it tends to happen.Is there really any logic to any of this. I guess im just hoping the line is the trigger

 

[wackypete2]

as its Friday,just thought id start a thread with a bold call.If it goes wrong you will all have forgotten by Monday

No way. If it all goes wrong we are going to hold you to it, maybe ever tar and feather you for good measure.

Peter

 

[Lord Flasheart]

No way. If it all goes wrong we are going to hold you to it, maybe ever tar and feather you for good measure.

Peter

theres only me and you left. It went a few pips against me and the thread cleared.
I just cant see it going much higher. it has to come down. I CANT BE WRONG

 

[wackypete2]

It went a few pips against me and the thread cleared

Ya just gotta love it

Peter

 

[Lord Flasheart]

settled for -2

 

[Lord Flasheart]

resold as its hit line again. Didnt think flash could be wrong. Im surprised it hasnt come of further with the gbp

 

[Lord Flasheart]

short eur/gbp as well now
short from 8384 stop 8396

 

[Lord Flasheart]

resold as its hit line again. Didnt think flash could be wrong. Im surprised it hasnt come of further with the gbp

taken 1/2 off as its stalled and may go back to the line.If it does Ill be happy to sell it again

will take 1/2 off from eur/gbp trade at +14(8370) 14 pips isnt a bad move for that market.Range is a lot less than others

 

[Lord Flasheart]

moved stop to 1.2890 on eur/usd target 1.2820 (happy with what ive got )
eur/gbp 1st target is 8370, 2nd is 8340 stop is 8390

 

[Lord Flasheart]

short eur/gbp as well now
short from 8384 stop 8396

Rest off at 8354 giving me 30 pips which is great for eur/gbp

Made about 25 pips on eur/usd. I will hope it returns to line to give me another sell opp. will keep posting trades here till i call a loser

 

[Lord Flasheart]

you wont win many friends posting like that

 

[MrGecko]

well I dunno whats going on, I was just checking the calendar before I'm off to bed. Still, thats a healthy move south in 40 mins. 1.2819 last.

 

[MrGecko]

OK, apparently the sell off in EUR is because the stress tests on banks were not all as they seem (WSJ c/o DJ)