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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:

EUR

Discuss EUR in this thread
 
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Xaron
Munich, Germany
Posts: 528
13 years ago
Jan 27, 2011 11:48
Hmm catnip. Of course charts show only the past, but you can't look into the near term future with fundamentals. Yes fundamentals are always right, the only question is WHEN? To trade fundamentals only you need to have deeeeep pockets or trade so low sizes that it's almost not worth it. ;)

For me the fundamental situation regarding the Euro becomes better and better. No doubt, there are debts but this is not such a big issue anymore. The nine times oversubscribed EFSF auction is a very, very bullish sign, there is China (which is not in a bubble mode) all dips in the Euro up to now were aggressively bought. Markets tend to become tired of one story so they move on...
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Jan 27, 2011 11:42
European Central Bank Executive Board member Lorenzo Bini Smaghi said policy makers can no longer afford to ignore imported inflation after President Jean- Claude Trichet pledged to do whats needed to ensure price stability.

A permanent and repeated increase in the prices of imported products will tend to impact on inflation in the advanced countries, including the euro area, Bini Smaghi said in a speech in Bologna today. This phenomenon can no longer be ignored. The euro jumped more than half a cent to $1.3747 and yields on German two-year government notes rose as investors adjusted expectations for ECB rate increases.

Yes Daveo
it's all in the charts...after the event.
I am confident , though, chartists will call this technical trading.
Good luck with your technical...that move was 100% fundamental.

DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jan 27, 2011 11:38
Dare I say it, looks like EU might react off our 61.8% level @ 1.3740. Very difficult to read this thing at mo and happy enough to be flat for the time being. I still have an euraud long position running.

catnip causing trouble again with his anti chartist stance !
Shane
Lahore, Pakistan
Posts: 209
13 years ago
Jan 27, 2011 11:20
BTW just one reason why the technicals work all the time in the market is that the wolves want the sheep to go in one direction so they make it easy and do that technical thingy bob all the time . they are meant to fool us all and if we all understand that we can make them a fool instead.

Lastly if u guys want to be succesful forget about hourly charts and stuff there are so many breaks of technicals and false moves in smaller time frames. I think day and weekly time frames are best to trade the technicals.
Shane
Lahore, Pakistan
Posts: 209
13 years ago
Jan 27, 2011 11:15
Some of us traders develop permanent handicap to our believes either we become USD bears or bulls and mostly it is USD bulls. Maybe because of our loyalties to countries or stuff and thats when we make mistakes and get emotional.

@Cat one thing i wont agree with you is about chart astrology stuff coz as far as i think that price action in the market represents the fundamentals and technicals so if u follow the price action without knowing much about technicals or fundamentals u can do well if u follow just price action. I think we need to learn from each other and respect different opinions. BTW admitting mistakes and learning from them is part of a traders life if u guys become stubborn and follow only one way of the pic u are harming urself and nobody else.
Qingyu
manchester, UK
Posts: 1763
13 years ago
Jan 27, 2011 10:33
yes, i am chinese.
Boli Mekura
Guam
Posted Anonymously
13 years ago
Jan 27, 2011 10:31
"Markets are usually good at discounting those forward looking risks, so I was taught."

Yes, exactly. And this is why USD is falling despite that some people here say this news is USD positive. Remember: Market is never wrong. Our interpretations are wrong if what we expect does not happen.
sydneyjames
Sydney, Australia
Posts: 348
13 years ago
Jan 27, 2011 10:23
lol@ qing yu, u r chinese btw qing? cuz of ur name sounds like chiense
Qingyu
manchester, UK
Posts: 1763
13 years ago
Jan 27, 2011 10:20
you guys talk too much, i spend half hour to read it...

@-@!
usikpa
Moscow, Russia
Posts: 77
13 years ago
Jan 27, 2011 10:15
Boli,


Markets are usually good at discounting those forward looking risks, so I was taught.

If markets can't discount that, either there is no perceived risk or ... these are not the markets any more, imho
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