long @58 haters gonna hate, i know it...

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out for a scratch because it starts to feel like a mistake

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bought @88 with a 20 pip stop

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Today we will close higher than we opened - That's my bet.

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yeah, same conclusion.

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I can only quote from the paper (p. 3): "However, we do know that the institutional structure of the currency futures market preserves anonymity of the dealer’s identity with the trade counterparty (when a dealer executes through a broker), while ...

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*sigh* That's why I quoted from the abstract.

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Here's a "recent" research paper from the Federal Reserve Bank of New York (2006). Haven't read it but it seems to support the notion that futures no longer lead spot. Source: url

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If I recall correctly, there were regulatory reasons. Big money somehow gained an advantage by using the spot markets over futures in their daily operations, but I don't remember the details. There was a lot more.

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I've read a paper on this. The authors' conclusion was that currency futures do not lead spot. They used to, though.

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Let's wait until daily close - the higher, the better.

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agreed - good post

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hard to say in this environment. buy stop@35 should yield some decent results, i think.

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think so, too

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.

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Since the ECB press conference sent the market into a tailspin on May 8th, traders on FF once again gradually flipped their bias to "long". They are now in the majority. Who would have thought?

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just close when you spot a buying opportunity

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one could argue then that you didn't know after all

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lol!

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looks like short term bottom has been found. up ~20 from here.

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