"RayLopez99" <
raylo...@gmail.com> wrote in message
news:46ab3a3b-eff9-4f3b...@googlegroups.com...
>>
>> I'm just glad I covered my EUR/USD short on Thursday. Anything > $1.30
>> is a
>> signal to consider a EUR/USD short.
>
> You are playing that EUR/USD ratio like a Greek boozooki Lubow. Hope your
> luck does not change... currency markets are a zero sum game.
>
> RL
It also would not hurt to look at the usual indicators they use for FX
trading, viz., MACD, momentum, RSI and CCI. I mention these because in FX
trading you need all the help you can muster. Unlike stocks and commodities
we do not get volume figures in FX. The best we can do is look at the
volume figures for the current contract at the CME.
We have had an incredible run in the EUR/USD since August, 2011. I'm only
sorry I got onboard in November and covering half my position at $1.27.
IMO, it's time to call it quits, futz around with 2-3% monthly returns doing
buy-writes and take the plane up to Eastport ME (the easternmost city in the
USA) to check out their famous lobster shore dinners and the legendary Bay
of Fundy by air. It's only 3.5 hours away by air and I can do it on just
one tankful of insanely priced 100LL. From Eastport, Da Missus and I may
take the ferry to neighboring Campobello Island to pay homage to our patron
saint and the savior of capitalism, FDR.
Speaking of buy-writes, check out the possibilities of writing a July 95
buy-write on CMI. It looks like you could pick up 3-4% on a 32 day trade
(thank you, Derek Webb for cluing me into the world of buy-writes).