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DaveO
(N.Cornwall, United Kingdom)
512 Posts by Anonymous "daveo":
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DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Oct 4, 2010 14:13
In Thread: EUR
My technical target for the EURGBP move up was hit on the nail at the open last night. Pinpoint accuracy with nice reaction coming in.

Trouble with trading fundamentals is the markets spend most of their time being irrational. A lot of self appointed gurus have died a pauper hanging onto their fundamental beliefs.
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Oct 2, 2010 13:46
In Thread: EUR
Catnip, tell me please. What is the argument for your country to remain in EUR currency ?

Seems to me you have nothing to gain but everything to lose and the ultimate loss could prove catastrophic to the only euroland nation that has basically kept its house in order and actually has a sensible manufacturing export base.
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Oct 1, 2010 12:06
In Thread: EUR
For EG I have a 127.2% symmetry extension target at 8731 which clusters with 61.8% ret of the move down from 9148 high to 8067 low at 8735.

The long entry for this move up was at 8400 and lighten load at 100% sym level at 8605. Final unit to be removed at 8730 if the idea is valid.
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Sep 30, 2010 19:54
In Thread: GBP
Is that your 55MA Ashraf, test of ?
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Sep 30, 2010 17:57
In Thread: USD
Interesting the DX appears to have bounced off the 70.7% level (daily chart). Not too many fib traders use the level but I find it does often play in some instruments. Ok now I spooked it for more downside.
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Sep 30, 2010 17:32
In Thread: GBP
Subway,

For your 63/6400 target area are you looking at pivots and the 78.6% level or are you a market profile volume geek. I see very high horizontal vol at that level with the HVN bang in the middle.

Just interested in what tech associates are using :-)

I'm a liitle surprised Ashraf not mentioned his daily chart trend support lines for EU and GU today. Both have kissed nicely today although GU looking like it may want more than a mere kiss. Penetration may result if she willing.
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Sep 30, 2010 15:26
In Thread: GBP
For EG my next cluster of resistance at 8735 area
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Sep 30, 2010 12:09
In Thread: GBP
I'm still alert for a possible reaction at 1.5935 for the GU. Potential 100% symmetry in the pattern from 5296 low. Not high confidence call but the level is in the way of retest of the 5997 high.
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Sep 29, 2010 20:31
In Thread: EUR
"Dave, I work for CMC as a strategist. Im not in marketing. it is not my "private enterprise" "


Ashraf,

In that case please feel free to delete my post re Go Markets brokerage.
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Sep 29, 2010 18:56
In Thread: EUR
You won't my friend, my dear mother is dead. Suggest you stick in your horrible country. I can't imagine why we try to help you people. We could could much easier fight terrorism from our ports.
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