EURUSD 6E Euro | Currency Futures


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EURUSD 6E Euro

  #1244 (permalink)

Miami FL USA
 
Trading Experience: Advanced
Platform: Ensign 10, NT7 DOM
Broker/Data: IB, IQ
Favorite Futures: Currency Futures
 
Cashish's Avatar
 
Posts: 803 since May 2011
Thanks: 811 given, 2,112 received

It feels like I'm missing something.

I've said before the Euro has a way of defying gravity. I'm sitting here looking at the same trade as yesterday.

My fear is what might come out of the mouth of some politician. The numbers out of Germany were good and not much else to anticipate (on the docket).

I've had a boner since Sunday night about that gap which is still 14 ticks short of being filled. I'm going to stick my neck out here and tell the world I expect that gap to be filled before the 6E June '12 contract trades on 1.2950. There I said it!

Although I've never been to Pamplona (always wanted to but I'm to old now) running with the Bulls, I've heard the phrase "running between the horns." That's what this market feels like tonight. The calm before the storm, the deep breath before the plunge. What I'm missing is the accelerant, maybe it is the .618 fib line, or maybe,,,, it's 1.3050.

I'm long at 1.2982 I'll buy another @ 1.2972 same target as yesterday, plus a tick 1.3027......... I'll dump everything @ 1.2962

The Last of the Euro Bulls

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Last edited by Cashish; May 9th, 2012 at 05:19 AM. Reason: June, & Target
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