got vaporized with yesterday's short. today waited until after the glitterbomb, currently short.
though there is currently a lot of resistance around 1,06 mark.
dollar is retracing to mean. It will be interest to see how the euro breaks below the next two big resistance levels that I see. only bullish thing that comes to mind is a double bottom? but the big picture seems to be against it...ecb printing money till 3 qtr 2016, fed raising rates in 2015...
Today is as of now an inside day so perhaps market wants more data in the form of Weekly Jobless (tomorrow) and Consumer Price Index (friday).
Out at 1,0684
Last edited by JohnS; April 15th, 2015 at 04:19 PM.
Reason: added more info; added out.
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i've been short today, long today, made money long, made money short, lost money long, lost money short. that tells me the thing is all over the place and i have no idea where it's going. the fundamentals are too far away to affect today's trade in my opinion. however, I feel like with all the shorts , there's a good upside potential. i have daily vwap at 623, which is where we're at now, weekly wavp at 615, which we just broke above. if we break over 635, i'll be back in long.
EDIT: There seems to be a divergence between price and the Euro Volatility. The red line is the inverse volatility and should be tracking price. If we break under 580, I'll go short.
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I guess the volatility index/price divergence doesn't hold matter with this contract like in ES.
Anyway, Long targeting monthly vwap at 741
EDIT: argh..couldn't hold it. out at 700
Last edited by jackbravo; April 15th, 2015 at 01:48 PM.
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