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

EUR

Discuss EUR in this thread
 
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Jul 11, 2013 0:39
The perfect catalyst for my 2:3 reversal to kick in was Bernanke's Q&A today in which he wised up a whole bunch of dumb traders who got the idea that US jobs #,s were lookin mighty healthy. Even Ashraf overlooked the true significance with part time jobs mixed in there, a distinct stubbornness for the unemployment # to fall AND the continued threat of deflation. All adding up to the recent hawkish tapering speal being just so much manipulative b/s. To be fair to Bernanke himself he has actually made himself pretty clear all along ref the 6.5% employment threshold target etc etc. Traderz simply don't listen properly and too many analysts are short term carnival barkers or pimps.

Seems to me the Fed team are charged with manipulating the usd, both up and down for reasons best known to themselves. The tapering debate has been, well, childish.

The EUR/USD will self destruct without any help from the greenback shenanigans :-)
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Jul 10, 2013 23:38
but I could be bwatty EW bwoy :-)
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Jul 10, 2013 23:36
In reply to Sir Ignore's post
lookin like 2:3 up now in progress and already testing confluence of 100,55 and 200 DMA's & 100 WMA
Sir Ignore
United States
Posts: 3068
11 years ago
Jul 10, 2013 19:46
In reply to Sir Ignore's post
pulling north of 1 hr tunnel current 2908 ..maybe be parked there later..
Sir Ignore
United States
Posts: 3068
11 years ago
Jul 10, 2013 19:41
In reply to Sir Ignore's post
4 hr cancelled short at 2864 last candle, but I didn't believe it...but now do with this one.
So flat now Euro.....small gold short....

looking for a signal...any calls by e gamblerz ?
Sir Ignore
United States
Posts: 3068
11 years ago
Jul 10, 2013 16:21
In reply to Sir Ignore's post
good day..
approached the badlands but falling off now..

DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Jul 10, 2013 0:22
In reply to Sir Ignore's post
weekly favoured count is only 1:3 down in progress from the 6/19 high. The series started from the 1.3710 high, validation would be break below 1.2041. Bullish alternate if 1.2450 should hold. Nice trade so far skipper !
Sir Ignore
United States
Posts: 3068
11 years ago
Jul 9, 2013 22:06
In reply to digi's post
digi..u come visit and get the scotch...
da staute of limitations must have run out by now..
Sir Ignore
United States
Posts: 3068
11 years ago
Jul 9, 2013 22:04
In reply to Sir Ignore's post
yep, found our rocky shoal between 2740/50 area...but has been in steep drop since 6/19
and weekly wants lower...
2621 next battle if continues sound so there are some pips for the taking..2865 da badlands..

trend for traders...treat pullbacks as opportunity..
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Jul 9, 2013 21:15
In reply to digi's post
Yes, lots of fresh air below 1.2740 but likely s/t reaction there. Looks like breaking Nov 12 trendline support.