Wednesday, November 10, 2010

Euro-versal

Based on the indicators I follow EUR/USD has reversed. Of course since it has reversed it's basically offered one opportunity to short on a reversal.

Being a euro-bear I'm inclined to get short however I'm not following that inclination. As much as I want to be short, I have an even stronger desire not to be short from a terrible position because I didn't wit for a reversal.

I've been able to find some quick strong dollar trades with good risk reward that have paid off (usd/jpy, nzd/usd, aud/usd) but not the short euro yet.

Right now I'm trying to be like Jules in Pulp Fiction. Be Cool!








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