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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
on euro short now high prob...not much ante/risk to enter a decent looking sh area..
many indicators pointing south as well as momentum systems also..bumping on trendline top of channel
looks obvious so high caveat stick to stops till trend decides itself..allow market to lead....
fwiw dept...
For one moment just look at the price move up we all are sitting in a global market how many of individual traders wanted to go long euro, i bet max 20 % so who moved euro 400 plus pips with such strong momentum we cant because even if we want to buy euro we cannot time it so perfectly so no doubt we are all part of a corrupt system made to take money out of our hands well if u understand that u will become a good trader .
trust me, i am a graduate in software engineering, used to ate someone's cookies in campus. ^-^
If you want to know my opinion i would not like to be stuck with this euro short right now but here i am in the middle of it , markets dont move in a straight line thats fair and square so i am holding to see some red candles and try to evaluate if its a correction or a reversal and than cancel my positions.
The week starting the 26th December EURUSD closed at 1.3392, the 55-week MA was 1.3324, so it did close above the 55-week MA. It didn't close above the 55-week MA in the first week but it did the last week of December and it didn't come near it the second last week of December.