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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
dats preposterous
weak people dont deserve the desert
http://ashraflaidi.com/products/sub01/access/?a=699
Ashraf
went long euro now 1.2960 ....don't see down to 1.2930 but would be happy to see that also....3030 will have tunnel resistance.....and then break thru up for add on level at 1.3050 large....to 1.3144...far out levels subject to knee jerk..stufff..and we might have a knee jerk # reaction neg friday but 'return to sender'...jus time waster..
below 1.2900/1.2850...long ways from tunnel for euro without snap back..but if so will see
y'all know da caveats dredges
Last weeks low was still halfway above the previous week's candle body; directional momentum should respect half of the previous candle's range.
But holiday liquidity is low, so the moves can be exaggerated due to this rather than FX Volatility levels which are presently relatively low. So there can be some opportunities if you know your levels.
I'm looking at overall retracements back to the top and extentions measured moves of the bottom:
http://my.jetscreenshot.com/demo/20121207-twt6-119kb
"Aussie hit the 1.05 target but 1 of 2 EURUSD was stopped out at 1.2960"
I would love to know what sort of initial stop spacings you are using in the current trading environment