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

EUR

Discuss EUR in this thread
 
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Sir Ignore
United States
Posts: 3068
13 years ago
Jun 5, 2011 17:07
Cat..of course they do...u shud stay on mini-lot or demo anyway after that pronouncement..
reduce lot against trend..all else calculate your risk vs. account size..stops catch blah moves...

these are fx rookie suggestions btw..

Dave good article....in the charts..
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jun 5, 2011 16:33
This is a must read and Catnip I think you will find much of the thinking aligns with your's (and in particular the subect of leverage).

One excerp on greece.

"For the time being the European leadership seems prepared to extend and pretend; however, the ultimate outcome seems certain to me. The only way forward for Greece is a debt restructuring combined with an exit from the euro. You can save Greece or you can save the euro, but you cannot save them both and, in the end, it is the euro they want to save. The euro bears should remind themselves of the fact that when you remove the weakest link in a chain, what is left is stronger"
http://www.arpllp.com/core_files/The_Absolute_Return_Letter_0611.pdf
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
Jun 4, 2011 22:19
Traders must be aware of sudden flash crash events . Nothing is in any way settled. I will reduce the lot sizes. Oanda permits smaller lots in automatic orders.
Sir Ignore
United States
Posts: 3068
13 years ago
Jun 4, 2011 22:12
Daveo...we are going to miss your posts....will send email and have welcome back party for you
here on the forum.

Have Fun!
Sir Ignore
United States
Posts: 3068
13 years ago
Jun 4, 2011 22:10
Chleo..u gotta wind doown dude on dat purple haze smack...r u a news analyst, like catonix, now or trader??

cat...how's dat potato crop, I ask u same last year.
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
Jun 4, 2011 22:03
New Gr bailout is not a done deal. Ashraf is wrong here. As for the EU part, it must pass all parliaments of those EU members which are liable. It can be as there is no alternative if the EUR is to survive, but a split into NorthEur and a SouthEur is not off the table neither is it impossible that Gr defaults.
chloethebull
Canada
Posted Anonymously
13 years ago
Jun 4, 2011 13:51
ya sub its hard to say what will be the direction for the eur$..when both partys keep kicking the can down the rd &throwing money @the problems with no pos+ results it cant be a good thing.i like to see who will figure it out first or mayb they already have.we;ll know in the next 30days.when ben onnounces or doesnt announce further qe programs..and if ecb/imf give further bailouts to failing countries.there is little incentive for ben to continue with qe programs if they all fail and only put the tax payer @risk of further debt..but ecb/imf is a different story ..imf loves giving loans and getting coutries indebted up over its head so they can exploit that countries assets/resources..but like i said over the next 30days we should have a little clearer sign of direction:)..ok guys gl &cat keep up the fundies:)
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
Jun 4, 2011 10:45
Not interested in technical analysis. Yesterday's papers don't tell tomorrow's news.
They tell the structure of tomorrows news and that is what TA is about.
Yes only using open positions it is justified to assume EURUSD goes much higher and will reach 1.5 to 1.51
But this for the wrong reason. It is not technical.
However those betting on QE3 and those bettng and solution of Gr...Irland...you name it bond crisis are fundamentally wrong.
Merkel's partner the Free democrats have already announced they do not support the bailout.
subway90
Posts: 1078
13 years ago
Jun 4, 2011 5:13
expecting current Euro recovery to move much higher than most expect....

seeing a test of 4730/50 level.... very crucial level coz if it breaks and settles above that level... favor move to the uspside....

dave...

yes.... i think it will look very ugly and messy.... expecting a lot of false breaks up and down...

many bears thinking downside is a given.... but i think many could get trapped... :)

could range trade 4200/4700 level quite sometime...


my posts... earlier this week....

still believe the range trade will still be in play....
same story... if many will be convinced it's long already... will likely be heading south again...

4150/4200~4730/50 range will likely be in play.... unless we see clear weekly close above 4750 level...

expecting dip back to 4200 level after testing 4730/50 level.... a triangle formation b4 the real break happening....

gl/gt
jacek
Australia
Posted Anonymously
13 years ago
Jun 4, 2011 4:22
so Cat how does it feel to be without your trusty Bot?.. might need to learn some tech analysis now to figure out how to get yourself out of this EU short pickle.. probably a good backup skill to have anyway.. at least learn how to place stops safely:-) cu all early in asia.. have a good one..
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