Shorting The Euro: The One That Got Away

When you’re dealing with monster patterns, the power behind them can make the moves already in place timmaterial. When it comes to the Euro, I gave up too soon.

In case you missed this subtle little character point, I really like shorting stuff. What breaks my heart is that I didn’t short the Euro and just stick with it for the past year. I was watching the triangle below for a long time, but when it broke beneath the triangle, I talked myself out of the trade since it had already gone down so far. Well, umm, it didn’t really matter, did it? Because when you’re dealing with monster-huge patterns, the power behind them can make the moves already in place to be immaterial. Try to remember this, and I’ll do the same.

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