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Currency Futures

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  #1433 (permalink)

Trading Experience: Advanced
Platform: NinjaTrader, Multicharts
Favorite Futures: Spot Forex, Gold, Silver
Posts: 176 since Oct 2010
Thanks: 114 given, 114 received

Big Mike View Post
I am short @ 2439, looking ultimately for 2276. I am holding over the weekend.


Good luck mate. That is a ballsy call especially to hold it over the weekend.

I think it is going to gap higher on Monday morning with the start of the Asian session. Everyone is itching for a proper retrace after falling the entire time in May and given the nearly 150 pip rise from the low of 2290 on Friday I think Sydney/Tokyo will be mostly short covering. London is closed Mon & Tue so volumes will be low.

Keep in mind any sort of announcement of co-ordinated central bank intervention or change in euro policy over the weekend will also have shorts running for cover.

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