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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
Of course your analysis is tradable, DaveO. I suggest you stay with your own strategy and don't listen to naysayers.
The "symmetry" I believe you were reffering to is wave A equaling wave C in a corrective 3 pattern (what would be expected to happen in a perfect 5,3,5 corrective pattern). EW works exceedingly well these days in EUR/USD and the USD index. I jumped onboard for the short - filled at 4020...
I will stack up short pos below 13850 in case Unemployment Rate and NFP suprises to the upside I see target 13800 +- 6 pip then switch to long for 40 pip , next short target 13750
if you were able to pick the reverse.retrace areas more precisely with technicals.
Handling that many pairs requires much more vigilance. With techicals you could manage fewer pairs, maximize profit, keep risk the same, spend less time, compound more profitably. But if you can't, you can't, the method still produces profits. My pair trading scenarios produce a very high percentage success, not 'always' though.
I personally would like to see more positions posted with entry, stop, target, etc.
from jamtown, peace
there are no zombie bad banks .
i bet on both concurrently what is so difficult with that?