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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
nice one CAT.... just sounds like what you've been doing..... popping up everytime there is a little Euro drop chanting for parity again and again.... as if to justify your parity call since low-mid 1.2xxx levels..... what makes you think you got it right this time..... well... i guess even the dumbest human being can never get it wrong all the time..... :)
gl/gt
And nevertheless akin driverless tanks they repeat the same mantras again and again neither looking rigth nor left . USDx will reach 80 in 2 months and EURUSD will fall to 1.18 and QE3 will not come.
But Bernanke will sell off all his US treasuries at a very good price.
if 4080/90 holds.. could see some recovery toward important 4220/30 level... clearly need to settle above that level for any chance of further recovery.. if not... downside could open for quick selloff...
looking at GBP... if 8 hour closes below 6150.... a big warning signal downside will open up and will likely see drop to 58xx level b4 any significant recovery...
well ... very much tempted to go long from current levels but momentum still there for further continuation south.... maybe could try a long at next dip below 4100 level....
gl/gt
also have another question for tom.. what's a point of trading outside a channel only for that channel to meet the price action later as opposed to the price action getting back inside the channel?.. am i splitting hair here:-)
some persistent buyers around in aussie.. will gravity prevail?.. surely 200pips now worth more then 25bp in two months time.. heavy longs too so be crowded at exit.. is something else going on?..
finally, do you have to go to Las Vegas to learn to trade that LV tunnel method?.. :-0