Firing it up. Not much to say except I expect the action to be wild, in a 'good' way. Lots of volatility, lots of action.

Curious to see how much 48.50 can check it back. I'd expect not much, but if it was going to not make it all back, this is the area I'd expect it to fail from. So I am watching it.

This area is a bit overshot now. We will see soon, on M1 if this is a real overshot or the bactest of lines will send it higher.

Just woke up, doing a quick check, and I see it made it all back, exactly as expected. Thank the trading gods for the very concept of trailing stops. Okay, back to bed. Another 'Too easy' play.

If Euro takes out the flow at 1.0810 it will most likely go 1.0840-50 before the reversal.

Interesting how it stopped at 811 for the day.

Originally posted by MarcinO

If Euro takes out the flow at 1.0810 it will most likely go 1.0840-50 before the reversal.

This is what we should be seeing in the U.S. But after the last two big bears, those days are gone. I love how we live in a serial bubble age. And when the sovereign debt bubbles explode (by that I mean they crater), it will create bubbles elsewhere (Armstrong says the U.S. stock market will double or triple from here). When that pops, bubbles will form elsewhere. When there is a lot, lot more 'money' out there than excess surplus from people spending less than they make and investing it or loaning it out, serial bubbles are a mandatory part of the mathematical equation.

http://www.zerohedge.com/news/2015-04-01/chinese-retail-investors-open-enough-brokerage-accounts-march-every-man-woman-and-ch

1.0836 hit a few minutes ago might be it.
A couple of key lines intersect there.

Originally posted by jimkane

Interesting how it stopped at 811 for the day.

Originally posted by MarcinO

If Euro takes out the flow at 1.0810 it will most likely go 1.0840-50 before the reversal.

Jim's scenario with the Euro coming back up to 1.22-23 seems more likely after today's action.

That reaction in the ES to the jobs report really was something. The higher the Euro moves, the more excited I get for the short side. I think I would get a lot more pleasure riding the Euro down to the 80's, and into its final end as a currency, than I might get from riding the ES down to 400. Okay, well, it would be a tie, I guess. None of those emotions fit well on a trader, but I'm only human. As long as I can separate the moves I'd like to see emotionally from what the technicals and such say about what movement the odds favor at this moment, I think it's okay.