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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
Trading the swings on whatever timeframe chart you prefer can be done with relatively much tighter stops which = small losses when losses occur. Its very easy to spot the trend changes on whatever timeframe is selected using technicals and price action. It's a lot more difficult trading fundamentals on the larger timeframes without serious exposure to large losses every time your "opininion" proved wrong or ill timed.
I don't accept that hedging resolves the potential problem as the whole idea of trading is to make as much money as possible in as little time as possible. With hedging positions you could and probably would spend many months getting nowhere.
I see technical analysis and price action being the greater value to traders. If good fundamental analysis can be achieved it will have the potential to compliment directional bias at times when direction is questionable.
Lots of times on this forum we see traders fading price action based upon their fundamental opinion at that point in time. If we analysed these results of fading the trends my guess is they would not inspire. News trading can be profitable for very short timeframe trading where the fundamental effect most often climaxes within an hour or two. Occasionally a rate change or strong/weak NFP etc can carry through but we still need price action and chart technicals for our protection and self preservation.
so what happened to your 1.20 call by end of the month(super miss... though not surprised)
and your parity call.... Flipper cat now calling 1.50? what a joke cat.... you are becoming the big joke of this forum as expected... LOL
exceed 137 , even 138. Chartists may ivestigate USDX charts and $EUX charts and further Eurodollar chart ( all complete with what chartists like RSI MACD SMA 20,50,200 ) to see
it matters not. A pullback will not drop below 135.
No it's not sentiment change it's currency war USD must fall to bring China down to the knees.
But see my (free!) analysis in USD thread. Support of EUR eventually burns them via yuan raising vs USD.