Eurodollar (ED) - limited upside

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damian
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Eurodollar (ED) - limited upside

Post by damian » Wed Jun 11, 2003 7:13 am

Just like my mate the Euroyen, ED is just about done as a buy side winner (unless you think 3mth libor will become negative).

Z3 hit 99.00, only 100 points to go and then what? In fact, there must be a price 99.00>X<99.99 where long term trend traders will not follow buy orders. For my system, the initial risk in points on ED is between 25 and 50, depending on volatility.

On a related matter, in 2001 I knew a fellow that sold Euryen at 99.90 on the theory that he had only 10bps max loss. He held that position for the whole year. Didn't go far.

ADMP
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Post by ADMP » Fri Dec 19, 2008 10:10 am

It seems that time is repeating.

sluggo
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Post by sluggo » Fri Dec 19, 2008 10:47 am

Here's a chart of Eurodollars, adjusted-at-rollover-splices
Attachments
edchart.png
edchart.png (17.13 KiB) Viewed 4385 times

TrendsCatcher
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Post by TrendsCatcher » Fri Dec 19, 2008 5:53 pm

Why is June 2003 singled out on the chart?

LeviF
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Post by LeviF » Fri Dec 19, 2008 5:58 pm

Thats the date of the original post.

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Post by TrendsCatcher » Sat Dec 20, 2008 12:06 pm

OK, now the green up arrow makes sense

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Post by ADMP » Mon Dec 22, 2008 6:21 am

june 2003 (green arrow) was also the max in unadjusted term.

Sluggo, did you want to mean something with your chart?

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