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Posts by "shane"

222 Posts Total by "shane":
208 Posts by member
Shane
(Lahore, Pakistan)
14 Posts by Anonymous "shane":
Shane
Lahore, Pakistan
Posts: 209
14 years ago
May 18, 2010 23:42
In Thread: EUR
the short squeeze up will come at a very unexpected time when we all will be sleeping in our beds, it is just a cruel game of making money, the big hunters preying on the small ones any one who beieves in small stop losses cant even think of trading. to hell with the technicals i wish i had the margin to add eur longs for every 100 pips till it reaches parity with the dollar. risky but might just make you rich in a few months.
Shane
Pakistan
Posted Anonymously
14 years ago
May 14, 2010 4:10
In Thread: EUR
White
I agree but you forgot wheat, rice, sugar and the safe heaven Gold. The agricultural countries will be the safe heaven 10 years from now . All these analysts share with us only a very short term view with us and brainwash us. Ashraf is a bit different and he may be right as a dollar bull for next few years and as small traders we dont need to have in our focus the macro out look, but still we must know the facts and fact is that euro is going down for now.
Shane
Lahore, Pakistan
Posts: 209
14 years ago
May 14, 2010 4:03
In Thread: EUR
White.
Greece will have its toll on euro and i am for seeing 1.21 soon and may be lower but still i am already putting on strategies to go long euro with minimal risks. Sooner or later we will see a good rebound as nothing goes down forever 1.23 i see as a good point to buy.
Shane
Lahore, Pakistan
Posts: 209
14 years ago
May 14, 2010 3:56
In Thread: EUR
I remember before 9 december 2009 every one wanted to change there dollars into euro or wanted to buy gold, and we were thinking to de peg dollar from oil and every thing was dollar negative and suddenly heavens have fallen for US dollar becuse of one NFP report followed by a few other good reports this is all micro stuff guys as talking in macro terms US dollar is still going down.
Do our long term strategist change there economic policies with every change in trend, I dont think so. Euro will resume its uptrend and we all will be happily buying euro soon and will forget what happened with euro.
Shane
Lahore, Pakistan
Posts: 209
14 years ago
May 14, 2010 3:46
In Thread: EUR
How easily we forget the past and all we are talking now is sell euro buy dollar, just a few months back and every one was running to buy euro. US with a huge 14 trillion debt i dont know but who sees the American economy strengthening. The whole economic system is turning into a failure and not just europe. US will have its turn and i dont see US dollar holding its bullish stance for much long and atleast not beyond 2010.
The only stable economies with strong currencies will be Franc, Aud and cad . Commodity prices are likely to rise in future in long term as the world demand is bound to rise with time and thus boosting these currencies who have good fundamentals and stable economies. Unlike the dollar, euro and pound.
The system needs a change otherwise today it is greece and tomorrow it can be UK or US.
Central banks are diversifying there reserves buy buying gold and euro in the past this completely suggests that US dollar is not the right horse to bet on.
Shane
Lahore, Pakistan
Posts: 209
14 years ago
May 9, 2010 23:35
In Thread: EUR
In any case eurgbp indicates either eur is going up or gbp is going down short term.
Shane
Lahore, Pakistan
Posts: 209
14 years ago
May 9, 2010 23:31
In Thread: EUR
Planning to go short aud rather than eur or gbp. I will go short GBP if it rallies above 1.50 as i dont believe a conservative and lib dem govt even if formed will last long. A minority govt is more likely or labour and lib dem coalition cannot be ruled out aswell however still will try to take any short term correction to the downside in euro.
Shane
Lahore, Pakistan
Posts: 209
14 years ago
May 9, 2010 23:28
In Thread: EUR
Thanks dejellal
i got out with small profits, i dont think so we will have any reliefs soon, however i am doing it very safe moving my sl to break even after 10 pips.
Shane
Lahore, Pakistan
Posts: 209
14 years ago
May 9, 2010 22:10
In Thread: EUR
Short euro on 1.2910 sl breakeven now.
Shane
Lahore, Pakistan
Posts: 209
14 years ago
May 7, 2010 2:49
In Thread: EUR
Raj
I suggest if you wanna buy something against dollar than euro is not the right choice, look at chf.