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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
I sincerely hope that you are not him..with his comic band of nics that would only leave a few of us.D.D.S.N...
you are spot on on the meter, I have a 'batch' of 6 indicators when 'agree' within limits
point direction very successfully. So much that the temptation is to even anticipate more than
one should, Daveo always chides me abt going against the 4 hr too early.
But if you take ADX, DI,DI- look it up and study the nuances it can valid/invalidate other indicators..
just watch it...not that you need it, but for discussion sake...it. along with some others, can point the direction, and then since you identify range you can set good close tp's, which we need now.
FX is more infighting now, with so many influences, altering mid trends, let alone long trends..
just my view. but will post later what I see in my charts and levels upcoming, fwiw.
..the system first calculates the average relative strength for each pair and then performs a moving average calculation before producing the smoothed data...
I do not in principle argue vs market models. They have worked fine. But the situation has
changed as now ALL majors are weak ... there is not a single fundamentally strong major
left ... no fundamentally strong economy . fx is no longer trading "capital" it is trading debt.
That is how good a currency is ,is determined by risk of default. So fx is dominated by CB actions. Traders in lack of the models the CBs are using tend to view their actions independent of each other... but we don't know it may all be consent concealed to the public.
One thing is for sure: at the end someone has to pay. And for sure it will be the most stupid.
Also I totally agree with your EU against JP and UD views.. each has problems but kicking the Greek can down the road as Juncker is doing in a hope Italy and Spain come good must surely will backfire on him sooner rather than later..