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

EUR

Discuss EUR in this thread
 
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DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jul 15, 2011 16:54
right now the EU declining wedge is probably nothing more than longs covering awaiting this darned news.
subway90
Posts: 1078
13 years ago
Jul 15, 2011 16:54
i guess few false breaks on both sides could drive the BOT crazy... and totally wrong footed... :)
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jul 15, 2011 16:51
I have zilch respect for any of the bots I have seen but if based upon mathematical currency correlations I could visualise something of potential value for shorter term trades.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jul 15, 2011 16:49
wires now saying eurozone summit on Greece now likely to be second half of next week----- an so it goes on.
subway90
Posts: 1078
13 years ago
Jul 15, 2011 16:47
yeah dave...

i guess you can't program the bot to trade on fundies... :)
BOT is the only reason why CAT can make some pips nowadays...
hope CAT can realize this truth why his BOT can consistently make pips and he's always wrong footed when on his own...
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jul 15, 2011 16:46
typical narrow range trading prior to major news event anticipated.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jul 15, 2011 16:44
Subs, your criteria alings with my stuff. Within that its a question of who wants to take scalps, individual styles.
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
Jul 15, 2011 16:42
nice theory subz . Traders don't influence the markets . Agreed charts indicate some anticipation but that is wrong in 50%. Fact is in the total of all trades of EUR crosses and of USD crosses, both weaken in parallel thus EURUSD moves a mere 40 pips.
subway90
Posts: 1078
13 years ago
Jul 15, 2011 16:39
CAT...

understand my posts....

current runup from 3840 level is still ongoing.... as long as 3950(break below 3950 and i say resumption of downtrend already) holds.... i see more upside....
short term.... as long as it trades below 4200(break back above 4200 confirms bulls are back and ready to take it higher)... will likely see drift lower.... and most probable target would be 4030/50 area...
this drift lower will not be a straight line... you can probably scalp trade within the tunnel.. if you know what that means... :)

would be a good opportunity to short 4160/80 with 4200 stops.... if you want to play the short game...

DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jul 15, 2011 16:34
yep agree Subs but let's be thankfull that Cat now trades his bot which I would guess has transcended his results as compared with reading the fundies at any given time. I like his very contrarian fundamental comments, they make me think a little, they make me wary of any assumptions I may have made for the larger picture. They make me diversify my savings which is probably a good thing.
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