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548 Posts Total by "xaron":
528 Posts by member
Xaron
(Munich, Germany)
20 Posts by Anonymous "xaron":
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Xaron
Munich, Germany
Posts: 528
13 years ago
Jan 27, 2011 12:23
In Thread: EUR
Oh come on guys, could you just stop bashing catnip please and concentrate on some real stuff?
Xaron
Munich, Germany
Posts: 528
13 years ago
Jan 27, 2011 11:49
In Thread: EUR
And to add: You can explain every move with technicals. In this case there were just more buyers than sellers and probably stops above 1.3720 which triggered more buying. Of course the underlying reason was the fundamental news.
Xaron
Munich, Germany
Posts: 528
13 years ago
Jan 27, 2011 11:48
In Thread: EUR
Hmm catnip. Of course charts show only the past, but you can't look into the near term future with fundamentals. Yes fundamentals are always right, the only question is WHEN? To trade fundamentals only you need to have deeeeep pockets or trade so low sizes that it's almost not worth it. ;)

For me the fundamental situation regarding the Euro becomes better and better. No doubt, there are debts but this is not such a big issue anymore. The nine times oversubscribed EFSF auction is a very, very bullish sign, there is China (which is not in a bubble mode) all dips in the Euro up to now were aggressively bought. Markets tend to become tired of one story so they move on...
Xaron
Munich, Germany
Posts: 528
13 years ago
Jan 27, 2011 9:05
In Thread: EUR
Don't rely on the treasury yields in the US. This is all manipulated (same is true for the EU though). :)
Xaron
Munich, Germany
Posts: 528
13 years ago
Jan 27, 2011 8:57
In Thread: EUR
I'm a mixed guy. Heavily fundamentals with some easy technical stuff. But the techs are often misleading as the big guys know all the support/resistance stuff and candle patterns...
Xaron
Munich, Germany
Posts: 528
13 years ago
Jan 27, 2011 8:30
In Thread: EUR
My current stop is very tight at 1.3630 with a tp at 1.38.

I think we just saw a temporary strike into the Dollar because of the news but in the long run the markets will look at the US and doubt their ability to handle their debts situation as well...
Xaron
Munich, Germany
Posts: 528
13 years ago
Jan 27, 2011 8:18
In Thread: EUR
YEN HIT as S&P cut Japan's rating to AA

I guess that's the reason for a temporary shift into the Dollar. I used that dip to go long EUR/USD at 1.3645
Xaron
Munich, Germany
Posts: 528
13 years ago
Jan 27, 2011 8:18
In Thread: JPY
YEN HIT as S&P cut Japan's rating to AA

Wow...
Xaron
Munich, Germany
Posts: 528
13 years ago
Jan 26, 2011 8:44
In Thread: EUR
Don't get me wrong, I think a correction is overdone and I'm short at the moment but I don't think we will see 1.20 again. Not this year and not next year.
Xaron
Munich, Germany
Posts: 528
13 years ago
Jan 26, 2011 8:25
In Thread: EUR
Well that only means that chances of an ECB rate hike increase... And they will hike long before the FED does.
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