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Posts by "montmorency"
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74 Posts by Anonymous "montmorency":
We will just have to see what happens when New York gets into its stride.
On my chart, the Nikkei went crazy this early morning ... gapped right down then shot right up.
I'm not sure I trust this chart though (from my Spread-bet broker).
Thanks for your clarification. Interesting what you say about the spike in the USD index chart. One of the brokers I use showed it. Another didn't. The one who did seemed to correct it later, although it still showed a healthy jump. Fortunately, it didn't affect me either way, that is to say, the erroneous spike.
As it happened I _did_ buy EUR/USD at the wrong time (I thought it had dropped as far as it was going to. However, it came back in my direction eventually, as I expected it to (eventually :-) ). [Don't trade like this at home kids .... :-) ]
I agree it's as well to be prepared for what might happen. Everyone (not here necessarily, but in the wider world) seems to have written off the dollar, but there seem to be several scenarios in which it could stage recoveries or mini-recoveries, each one of which is a potential pip-generating opportunity (or pip-losing threat, of course).
Regards,
Montmorency
P.S. Xaron: Are you the same (BWILC) guy who posts on FF under that name? Interesting posts/blog.
What you wrote about the USD index may already be happening, perhaps sooner even than you expected. I suppose today's massive spike in the index (at least on my chart) was a rather exaggerated response to news/data, and it has already settled down again, but is still around the territory you mention.
Interesting times.
Regards,
Montmorency