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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
movement/volume and when of course,
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?
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.