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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:

EUR

Discuss EUR in this thread
 
cat0nip
Frankfurt, Germany
Posts: 1632
11 years ago
Feb 7, 2013 15:25
In reply to DaveO's post
yes I'll try a small long pos if 3410 test holds ... however JPY still stronger
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Feb 7, 2013 15:18
In reply to DaveO's post
but EU already testing prior support at 1.3410
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Feb 7, 2013 15:14
1.3343 would be pattern symmetry with ext at 1.3274
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Feb 7, 2013 15:12
In reply to cat0nip's post
Draghi seemed to be drawn into questions on exchange rate for eur, against Ashraf's advice.
cat0nip
Frankfurt, Germany
Posts: 1632
11 years ago
Feb 7, 2013 14:34
Don Draghi
talks while EUR crashes ( the strength meter went wild)
or did EUR crash because Draghi talks?
Seems he had missed something out....
Anyway credit deterioation flag is a nice leading indicator.
But I closed the short that was triggered.
cat0nip
Frankfurt, Germany
Posts: 1632
11 years ago
Feb 7, 2013 14:30
In reply to DaveO's post
not so much I think. Credit markets are relatively slow. the credit deterioration flag rose a couple of days before the sov bond yields went up for Italy Spain and now France.
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Feb 7, 2013 12:04
In reply to cat0nip's post
so what do Markit charge for RT data on CDS ? I would have thought that only RT data is useful for short term trading.
cat0nip
Frankfurt, Germany
Posts: 1632
11 years ago
Feb 7, 2013 11:37
You can turn it up and or down w/0 effect: charts tell the past, they are trailing. I found that the CDS data published ( of course not real time, the real time service isn't cheap) by markit
are a leading indicator. Indeed it is the credit market that determines fx moves. Leading, fx trails. Of some interest as a summary I use Investment Grade and High Yield, and especially intersting, Credit deterioation flags for sovereign debt. These have shown clearly in advance why EUR didn't go up further.
I think Don Draghi's comments could diminsh some well founded doubts today. If not...well...I am prepared for either.
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Feb 7, 2013 11:30
In reply to cat0nip's post
Yes there are literally thousands of Brussels officials being paid considerably more money than the likes of Merkel and Cameron. The whole machine is crazy.
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Feb 7, 2013 11:25
In reply to Qingyu's post
yes, and I have noticed the very best maestros are often early on calls because they are ahead of the dumb markets. This is always a major problem for them having to cater for tight stops for retail forex traders. Also unless one is operating a real-time trading room it is impossible to have a change of mind in the middle of a trade. Its a very difficult task which many retail forex traders do not appreciate, wanting and expecting to sit back watching an automatic money making machine.

I personally have difficulty catching some of the entry ideas when they are issued during the asian sessions but I am not subscribed for the trade calls so much as for the analysis behind the calls. I am in screens typically 16 hrs per day which is quite enough for an old boyz :-) I defy anyone to match Ashraf on screen time.