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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
this pair trade very diff than your straight trade, in concept and procedure..
USDCHF chart looks awful.
Anyway I am with your combined trade cause I am long EURCHF from 1.2840
gl
agree with you they will hike
I use chart analysis all the time but not only, but in this markets'conditions i don't prefer... in this condition i prefer find where are my colleagues (big players)
Trade: by limit/buy 3600 hit (x4)
in progress= long euro/usd 3603 avg x 12L
long usd/chf 9486 x 8L
**********************
Putko..no stops yet, with both sides running limited risk..
will close euro at exhaustion and wait for usd/chf retrace..
that's what we do..
But I wonder who often will the market believe ECB board members think - if at all- rate hike,
when it is clear enough ECB's hands are tied? All that talk about a common economy ministry common treasury is dead... politics way behind any curve...clueless.
ECB's job is not to iron out political incompetence. So: EFSF must start buying troubled sov bonds
THEN ECB could hike. But not now. All blah blah