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222 Posts Total by "shane":
208 Posts by member
Shane
(Lahore, Pakistan)
14 Posts by Anonymous "shane":
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Shane
Lahore, Pakistan
Posts: 209
13 years ago
Mar 2, 2011 16:30
In Thread: EUR
Dave , thats why i said probably only 2 % succeed following there corrections , 2% is almost equal to none.
Shane
Lahore, Pakistan
Posts: 209
13 years ago
Mar 2, 2011 16:14
In Thread: EUR
lol tony sorry that call was for GBP, call for euro is 1.40 to 1.44. But i wont accumulate rather its better to go short at 1.40 with a small stop loss and similarly at 1.44. However 1.44 will confirm the long term uptrend continuation. I assure u that if it wasnt for the analysts who deprive u of the 75% market all the time fx would be a real nice place. They brain wash u and when u see the last 4 blue monthly candles for euro u got to think who was playing corrections and who was on the right side of the market.

The euro may have a correction to 1.35 or 1.34 but we have very short term memories, euro has been rising against the dollar ever since its inception and b4 the markets collapsed it was some where at 1.60. So if the world economy is recovering i guess fx markets will also try to follow how it was b4 the great recession.
Shane
Lahore, Pakistan
Posts: 209
13 years ago
Mar 2, 2011 15:53
In Thread: EUR
@boli i agree with u but i am not trying to predict tops , 1.65 may not be the top for this move but some safe places from where u can play some corrections. Again the main trend is upward and u can never know where it is gonna go.
Shane
Lahore, Pakistan
Posts: 209
13 years ago
Mar 2, 2011 15:48
In Thread: EUR
@subway very right, there may be pull backs but no major pull back till 1.40. Than just checked on monthly if 1.40 is taken the next pull back level is 1.44 to 1.45.

USDX also gonna test 76 b4 a correction in USDX.
Shane
Lahore, Pakistan
Posts: 209
13 years ago
Mar 2, 2011 15:37
In Thread: EUR
either i have gone deaf or the markets gone numb. Check the monthly charts all the calls of shorts on euro and GBp are the corrections and the main move is upward. They make u play the corrections thus already eliminating 75% of ur chances of success. This is a very easy market all u have to do is forget about these analysts or even if u wanna follow them dont follow blindly. They will give u one month of good calls playing corrections and deprive u of 3 months of the real move. Dont believe me just see the monthly charts draw some trend lines and u will believe me.
Shane
Lahore, Pakistan
Posts: 209
13 years ago
Feb 25, 2011 17:43
In Thread: EUR
Catnip

Thats exactly what i am trying to explain catnip but in simple words.
Shane
Lahore, Pakistan
Posts: 209
13 years ago
Feb 25, 2011 16:55
In Thread: EUR
Present Trend in Markets

1. Very Long term Trend, is euro bullish as euro has been rising ever since it was launched.
2. Long term trend, is dollar bullish every since the rally from 2008.
3. Medium Term, Medium term trend is dollar bullish as 77 is a strong support for the UDSX.
4. Short term, short term trend is euro bullish.

Lol wat are these guys , they are making a good fool of innocent traders.
Shane
Lahore, Pakistan
Posts: 209
13 years ago
Feb 2, 2011 20:38
In Thread: GBP
GBP rallied till 1.6230 exactly conciding with the trendline drawn from august and november 2009 highs on weekly charts . Daily close below is below 1.62.

Ashraf dont u think its risky to go long now, kindly check the chart 1.6150 was never the resistance if u draw the line from august t 2009 highs through november 2009 highs the resisitence is 1.6230 exact. if it breaks above 1.6240 i think that will pave way for 1.65.

anyways i think the mere existence of this trendline is so that it can be broken so i plan to go long on a dip.
Shane
Lahore, Pakistan
Posts: 209
13 years ago
Feb 2, 2011 13:38
In Thread: GBP
bull if u see the day chart u will see that gbpusd always has these false spikes, my only worry is that it should not extend above 1.63. however more worries adding to my gbpusd short are that we had a double bottom at 1.53500 and 2ndly that 1.62 has been gunned down plus the previous highs were at 1.59 in august than 1.61 in september than 1.6280 in november approximately 200 pips higher than last time so i am afraid that 1.65 maybe in pictures b4 the eventual downfall of gbp.
Shane
Lahore, Pakistan
Posts: 209
13 years ago
Jan 28, 2011 16:38
In Thread: EUR
every time there is a 200 pip downside everyone is worried that it euro is going down Maybe lol.
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