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Posts by "coach"

43 Posts by member
Coach
(Singapore, Singapore)
Coach
Singapore, Singapore
Posts: 43
12 years ago
Sep 7, 2010 16:16
In Thread: EUR
Can anyone try to answe this?

With the recent report from WSJ, why doesnt anyone from ECB or Trichet come out to defend the stress test or the answer is pretty obvious.

Remember my last statement regarding this on the ECB test results?
Coach
Singapore, Singapore
Posts: 43
12 years ago
Aug 27, 2010 7:59
In Thread: USD
Hi Ashraf,

In your IMT today, you mentioned that a weak GDP figure below 1% or whatever would weaken the USD?
I was thinking if the GDP was weak, then safe have comes to play and the USD would strengthen. Please clarify. Thanks

Coach
Singapore, Singapore
Posts: 43
13 years ago
Jul 24, 2010 14:23
In Thread: EUR
@Ashraf,

Since the stress test was stressful enough and only a handful failed!

Should the EU? ECB? IMF? recall back the emergency package since only a handful failed.
They're confident, right?

Maybe you might consider discuss the above in your next interview?
Coach
Singapore, Singapore
Posts: 43
13 years ago
Jul 16, 2010 9:44
In Thread: EUR
@montmorency.

Well said. To be precise, correct me if i'm wrong, it was June 6th approx. 630pm! somewhere in US!
Coach
Singapore, Singapore
Posts: 43
13 years ago
Jul 16, 2010 7:28
In Thread: EUR
Eurusd@1.2894 SL 1.2929

First sign of retracement today before Europe opens. Let's see if it need to take a (deep) breadth!
Coach
Singapore, Singapore
Posts: 43
13 years ago
Jul 15, 2010 20:59
In Thread: EUR
@Qingyu,

I hope you have stop in place. It's broken 1.2940. Be patient not a patient!

If you bowl, tomorrow might be a turkey! GL
Coach
Singapore, Singapore
Posts: 43
13 years ago
Jul 15, 2010 20:44
In Thread: EUR
Wrong thread but....

Finally the Gulf Oil flow had been brought to a halt.... ( for the time being? )
Coach
Singapore, Singapore
Posts: 43
13 years ago
Jul 15, 2010 20:33
In Thread: EUR
@mo,

Catnip has a very good point.

And (oh blind me) I do NOT read the daily and weekly nor the monthly bearish!

By the way, i won't suggest taking poistions now. I'll wait for tomorrow and read which way it goes. Break S1 or R1? And as a trader, we need to have fast reflexes, meaning, when the market turns, we need to notice it, recongnize it acknowledge it, withhin a couple of seconds. And not go against it.

(No offense to ALL) I've felt that most of the traders has a mental block (or a habit), in this instant, they're still bearish on the Euro. They either don't realise nor accept if a trend had changed. For e.g., when the Euro goes higher and higher, they will tend to short it. However, the main point is, it might not turn, as in the case of the last few days. Following the trend and recognizing the change in trend. Otherwise, stay on the fence. The market is there everyday of the week, month, year. Except weekends! and public holidays. Thats when we do our paperwork. Compilation, anaylysis, planning a strategy, reading...... GL all!
Coach
Singapore, Singapore
Posts: 43
13 years ago
Jul 15, 2010 19:29
In Thread: EUR
@ all,

I guess the move for Eurusd is done for today.

It would consolidate around 1.2893 plus minus 25 pips.

If you were to wonder where Eurusd is heading in the short term, NO one really knows. But i suggest follow the trend instead of going against the trend!
Coach
Singapore, Singapore
Posts: 43
13 years ago
Jul 15, 2010 19:21
In Thread: EUR
Sorry 0208ET...

i realise may are still stuck on my forecasts calling for 1.16 in early June. while i still see 1.17 and 1.15 around early Q4, there are still legs in the current eur bounce towards 1.28. Market is no longer at ease with buying US dollars aggressively especially as Fed is stuck at low rates for at least another 7 months.


Ashraf