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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
Let me remind you also that Catnip was short back down at 1.20 last year expecting parity, yet the EUR jumped all the way to 1.40.
More recently he was expecting 1.27, yet EUR jumped all the way to 1.3750.
So Cat's track record is not good.
Besides you can't compare me to Ashraf cause my strategy and approach are different.
So mark my words: I say EUR is going to 3910 and then 4160.
You say EUR is going to 3200.
We shall see who is right very soon.
It is useless to argue further. Time will show who's right and who's wrong.
gl
Catnip on the other hand takes all information around him to make up his trading strategy. He will make far more money than you short term chartists in the medium to long run.
This is to read "And NOT the other way round" of course.
If your post is directed at me, then my answer is: the market is a dynamic system. In the short to mid term you have to watch the price action because it is showing where the market wants to go. As you know no one is bigger than the market. So this is why the "if and then". We have to adapt to the market. And the other way round. Because the market is always right.
Best of luck to you.
for the one that read the posting on GBPUSD take a look at chart 3months daily beginning 28 Dec. we are in wave 5 of Wave C.
my target of 1.50/52 still valid. will only postpone the timelengh it will be reached.
on a daily basis if a big order from russia doesnot come, we might experience the 1.60 level as support.
i would monitor the configuration CADJPY.
philosopher, drinkers and traders ashraf taught the basic of market interrelation; open ur mind to the neant wideness.
I think if 3850 is taken out convincingly then 3910 is next and if it cannot stop this up move then 4160.
gl