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

EUR

Discuss EUR in this thread
 
Machiavelli
Posts: 113
13 years ago
May 17, 2011 17:17
Dave that's good to hear. :)
Machiavelli
Posts: 113
13 years ago
May 17, 2011 17:16
H1, H4 E-channel downward sloping, yes. With sell-offs falling trough supports while bids run for cover. And lackluster climb back up, then fall-trough again. I wish there would be a simple way to post charts, so I wouldn't have to type so much. :) Probably less confusion on who does what too.
chloethebull
halifax, Canada
Posts: 1183
13 years ago
May 17, 2011 17:15
looks like eur has put in todays lows and cad putting in its top unable to breakout above 9800 level..risk could come back @ the close weighing on $$..watchn gold+s&p.eur+cad plus potash i like the way they all move with each other:)..gl/gt:)
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 17, 2011 17:14
I agree predominant trading here is swing plays. Trouble with scalping (as you intimated) is it can develop into stream of consciousness. Almost needs a seperate room for scalpers but so long as we clearly state we are "scalping" it prob shouldnt pose a problem. The biggest problem I have where a variety of traders are posting is knowing what timeframes they are talking about. Never had a prob understanding you Mach.
Sir Ignore
United States
Posts: 3068
13 years ago
May 17, 2011 17:14
fundy bwoys? look up from your gov reports and tell me what could be next catalysist for euro
movement/volume and when of course,
Sir Ignore
United States
Posts: 3068
13 years ago
May 17, 2011 17:08
Mach..only a few post all trades...prob not confusing to any vetz, hopefully not
any more confusing to you than it is....
on this very small forum and format, difficult to follow trades unless clearly stated
in the posts with each change....not a biggie...

so you have weekly trend south now?
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 17, 2011 17:07
:-), you did a good job Mach :-)
Machiavelli
Posts: 113
13 years ago
May 17, 2011 16:57
Bit long, but at least you guys have sg to read in this chop-chop. :)
Machiavelli
Posts: 113
13 years ago
May 17, 2011 16:56
sub:
Indeed, I went long at the posted levels, and I also indicated that my reason was that in case NFP numbers would've disappointed, e/u should've popped. Instead we got strong NFP, thus I exited that trade. I checked back, and no, I didn't post the exit, but I'm hoping for some leniency due to first time offense and all... :) Would be hypocritical to post trades and not post the exits, I admit. FWIW had an average in @4497 and average out @4463, just about the bottom of the damn NFP low spike. I almost shat bricks during that rally afterwards, back up to 4572 tl, but in retrospect I'm glad I took the exit. Since then I had no mid-term/swing posis in e/u. I do have a very long term position long eur, but it's more like investment and not a speculative position. I think I detailed my view on that.

Seems to me that I confuse most people around here whether I'm talking about intraday dynamics with scalping on my mind (which I mostly do), swing trades (which I explicitly indicate and are very rare: 3-4 trades/month), or have a fundamental view (with a several years horizon and obviously not a whole lot of management)... The thing is, with scalping it wouldn't make any sense to post trades. Trades I post are the swing trades, and always try to give adequate parameters (given I don't forget to post exits). But if it's this confusing, I'll stop with the intraday liquidity/volume based comments, and will discuss only swing related parameters that most everyone here does.

If it helps, my view on e/u: very long term (years): bullish, mid-term (weeks, months): bearish, short-term (intraday): bearish. Naturally I don't have a view on tomorrow's short-term bias. :) I don't think my comments re e/u are that bearish though, I comment on intraday moves and my lack of confidence in current rallies, so obviously there's not much to cheer about, but this all can change with the tide.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 17, 2011 16:51
nearly wet my pants Chloe :-)