EUR

Catnip
Are we talking dollars here. Nice Makes roughly 10000 for a month. Thats nice how much equity you have.

I have a target make 500 per day that determines the money management and risk I am taking.
Of course 500 per day in average of a quarter.
I close all trades with EUR as major because I think the voting on Gr bailout could be similar to cogress voting on TARP first no then yes ... they actually want banks to contribute....... what a nonsense. The industry is more clever than those silly politicians they invest in Greece industry that's the way to handle it.

Well besides Greece is out of focus ( Deutsche buys 2y Gr eurobonds ) market expects a huge bailout
sum. FED is tightening. If there is no out come from the sunday meeting in terms of expectation I don't think EUR/USD will cross 1.335 . I have been long EUR/USD trade closed and now am short and will close that too.

do we go long euro dollar over the weekend

Lalobertone,
My assumption for Eur/USD drop till 1.2775 within 3-5 weeks is purely technical. I will refer to the weekly chart of the pair, and if u apply the fibonnaci retracement tool from the high of 1.5139 (November 2009) to the low of 1.2453 (March 2009) u will see that the pair broke the 70.7% retracement. This tells me that the next target is 88.6% (1.2770). Now for the time frame, when u count the weekly bars u will notice that the pair took 22 weeks droping from 1.5130 to the current price of 1.33xx. My own assumption is that it will take 1/4 of that time to print 1.2770.

Ofcourse this is all hypothesis and it can all go wrong:)