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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
took profit in cable long @15850 entry 15770
took profit short EURJPY @11319 entry 11409
oh yeah the strong EUR
waiting fr XAU to touch down
With mont's remarks I understand eventually what is going on . Its all FED maths no sentiment no speculators involved. No tech analysis either. The game will continue whether or not the eurozone breaks apart until the PBOC bows and kisses ring of the master. If PBOC does what they must do I bet QE will disappear and be replaced by tightening.
if u want to have more infor on probable application of same smoothawley actualized to nowadays factor go the GAO government accoutability office and search for US trade preference program.
this paper if u can actualize them are gold mine for future move in the asia pacific sector and CIS.
http://www.businessweek.com/news/2010-09-29/china-yuan-weakens-for-first-time-in-13-days-after-u-s-vote.html
they told him hey sargent what hae u brought from indochina.
he told them u know from this country or u come back legless cripple or golden teeth
i came back golden teeth
i used to be psyche but i cure it
now i am physical and technical
There is always a fundamental story told as to why one should buy at a top and sell at a bottom.
big and very big fx traders are banks - interbank trade- and CBs. A significant trade is for global
goods trade if USD is traded.
Speculators play no role they can move 20 pip at most in a liquid pair.
What are the objectives of the big and very big traders?
I think it is to minimize the risk for their respective own currency. In other words a multiple hedge strategy.
This has always been my approach to fx. Consequently I don't give much on sentiment , nothing on wave counts, and very little on technical analysis."
70% to 90% of of forex transactions are speculative. Speculators can move forex markets more than central banks. For example, Soros' hedge fund alone made USD1 billion shorting GBP while the Brits were forced to withdraw the GBP the European Exchange Rate Mechanism (ERM).
Thank's for your reply.
I trade with city index and ig index but on nat gas their spreads are 40 and 30 respectively plus you have a monthly rollover as the contract expires. cmc spot price seemed an ideal bet with a small spread until i realised their carrying costs was as high as 25%.
Good luck
Juno1