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This thread was started in response to the Analytic:
EUR Trade Index 18-Year Chart
Daily EURO chart of 18 years of cyclical developments in finance & politics
(long) later anyway...c'est la vie. Scientific trader I am not. Not very, anyway).
But as I said before, I've been wanting to go long AUD. Seems the right thing to do...
(Don't trade like this at home, kids...).
Plus ECB rate decision tomorrow. You already know no matter WHAT Trichet says, eur will explode.
Gamez over for now.
Like I said, my fear is to read an IMT stating 50 and 100 ma's were violated, abandonm the position.
Kind like we've had so far on eur at 1.22, usd/yen at 0.95, cale at wherever, and now tonight the incorrect Aussie call. Even the best make mistakes and slump.
@Chloe: True: but, but ... selling the dollar is so...last year! :-) Seriously though again, I thought we had got past that phase. Longer term (very longer term), I too, am very dollar bearish, but It's not going down without a fight.,
I am remembering the vix though. Too much complaceny. However, that can last a lot longer than we think. I don;t think I want to watch another Bid to the moon european session and get trampled over, running stop after stop after stop in a stair -step 45 deg pattern like they did with The Pounder last night. I don;t even think it ever piulled back more than 12 pips or so.