We have the record...now here's the trade: Short EUR/USD with a stop market order of 1.3581, with a protective stop @ 136.82...risk reward is approximately 1/2, maybe more. Risk is 100 points...seems worth it to me given all the dollar bears out there.
Rest of market is a big yawn....so far...expect pullbacks from these levels in all the major averages...not time to short, but yes to taking some profits and hedging positions.
Longs bonds are set to rally a bit, but not expecting a big move up...I have been surprised before, though.
About Me
- Jon88keys
- Professional Musician and general market junkie ruminates on the silliness of crowds and the ongoing decline of Western Civilization :)
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