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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:

EUR

Discuss EUR in this thread
 
Sir Ignore
United States
Posts: 3068
13 years ago
Apr 21, 2011 3:42
subz..met the tp..whatcha think...
reduce longs..

latr...placing stop 4560..
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Apr 21, 2011 2:53
strong language warning!.. in Ashraf's recent tweet..

alaidi - if a (greek) restructuring happen then $EURCAD, $EURGBP & $EURAUD is the way to go not the usual fakebouncer $EURUSD #forex $$

Sir Ignore
United States
Posts: 3068
13 years ago
Apr 21, 2011 2:09
Re trades
active = L $swiss @avg.8903 6u
L E. 4510..7u

so far very low risk...no stops...moved into the money
and now may have to emply E. stop or wait for exhaustion..
then close and double swiss long...

afterwhile...........
chloethebull
halifax, Canada
Posts: 1183
13 years ago
Apr 21, 2011 0:47
nice work subwy90:) another reason why im sure eur moving higher is the usdx neg tone is too strong:(..lol gl guys:)
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Apr 21, 2011 0:24
Easy on that rum Sir:-) you didn't take my doubling comment seriously, did you?.. i've actually hedged swissie short with loonie short.. used Ashrafs idea again of not trading direct major pairs if direction uncertain..
Rezz
Canada
Posted Anonymously
13 years ago
Apr 20, 2011 22:48
Oanda provides an interesting window into its clients positioning at at what levels... http://fxtrade.oanda.com/analysis/forex-order-book#EUR/USD

You can view it for other pairs as well.

What is revealed is what intuitively should be clear, but its nice to see quantification of open positions and also open orders. For EURUSD over 68% are short and there is a lot of density of open buy orders (open states in FX universe) at various levels below current market. This could be new money ready to buy plus it could be the out of money shorts (seen clearly in the distribution graph) deciding to close their positions by buying back, which gives the pair its buoyancy. In short term it will take alot of "energy" to break through these levels it seems.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Apr 20, 2011 21:32
On GU we havd to get through 6455 first
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Apr 20, 2011 21:28
6550 only a stone throw away now for GU and 4700 for EU. Both are very signif potential endings
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Apr 20, 2011 21:23
chloe ref your Q in commodities room check my post again. I did not exactly say that EU price is yet into weekly chart singles where a failure could occur at any level.
Sir Ignore
United States
Posts: 3068
13 years ago
Apr 20, 2011 21:22
I've had attendants polishing :)