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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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jacek
Melbourne, Australia
Posts: 2579
13 years ago
Jun 1, 2011 16:15
Dave wouldnt be surprised if your resistance get tested in early asia tomorrow if swissie action today is any guide and dow/spi starts reversing up..
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jun 1, 2011 16:06
OK, gonna focus now instead of repeating myself in da chat:-) gl gt all.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jun 1, 2011 16:05
4446 to 4455 was the last cluster resistance level I posted some days ago. Price made exactly that level and reacted but it looks like a very short term reaction now.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jun 1, 2011 16:02
yeah, was expecting downside today and tried a scalp entry short to see if it would morph into something worthwile but decided to abort with some pos pips. Was already short the GU.

Difficult thing in the room is knowing what timeframes we are all talking about :-)
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Jun 1, 2011 15:58
sorry Dave.. reason is a break out from the range above 4320.. might re-test that level before higher.. hey but I am not EU expert here:-)
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jun 1, 2011 15:57
4570/4580 is my next cluster resistance level if we head north. Would look for reaction at least.
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Jun 1, 2011 15:50
no I wouldn't short eur at 45.. 47 on the horizon.. Unless dow/spx collapse below 1300-20..
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jun 1, 2011 15:48
OK mate, yer in good company here. We cleared up any misunderstanding.

I already posted my thoughts on EU today. hate repeating :-)
givemethebill
Japan
Posts: 316
13 years ago
Jun 1, 2011 15:42
@Subway90: don't worry, I don't usually listen to many opinions and I don't have the luxury of 1000 pips.
@Dave: am not crazy enough to let my ego crash my cash. Thank you for your thought. I do take regular profits with multiple entry levels. E.g. I took profit at 1.3990 23rd May - since then no trade until 2 days ago. If Eur goes to 45-4600, I will be in for another short again. I diversify - not solely on derivatives trades. At times 100-300 pips, I will take profit and re-strategise following the trends sometimes PATIENCE is needed. Aren't u shorting EUR/USD at 4500 level ?
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jun 1, 2011 15:36
not to mention bad US data
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