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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
this blahblah euro bull has balls:-)
"VOTE:Back above 1.46
learn to read your charts and indicators. news is for the sheep and lemmings."
http://www.mmcattle.com/images/2009/10-26-09/6104%2520%2520Saug%252021.jpg
alaidiAshraf Laidi
The $EURGBP & $CADJPY trades are more long term and worth looking at ahead of our take..
I use a RANGE for entries and limits in order to clarify to readers the RANGE in which it is OK to get in. Giving ONE SINGLE price for getting in is unrealistic. If say you got in with a LONG at the LOWER end, then it makes sense to use the HIGHER end of the limit for your target. If you saw the trades at a time when the price was at the MIDPOINT, then it makes sense to use the midpoint (or higher) as the limit. You could also ADD MORE LOTS into the higher entries for higher limits.
ALSO, it is important for people to read the bullet points written at the BEGINNING of my signal service to give traders a sense of my stance. Thus, even though i called for a LONG in EURUSD on Friday, i clearly said it was a short term play and that the MAIN move remains NEGATIVE.
Hence my positioning in EURGBP and CADJPY.
Ashraf