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

EUR

Discuss EUR in this thread
 
Putko Mafani
Cape Town, South Africa
Posted Anonymously
13 years ago
Feb 27, 2011 22:47
@Dave

"The whole bank saving culture which is now the new norm is ridiculous and will lead to another round of stupidity, we can be sure of that."

Exactly. This notorious 'moral hazard' is eliminating the stimulus of economic agent to search for the most effective way to utilize scarce economic resources and thus is hurting development.
said
mulhouse, France
Posts: 2822
13 years ago
Feb 27, 2011 21:59
no ipswich in australia.
what do u think of cardiff sunday operation in amiens with the cardinal in bavaria? any indian issues? or maybe pk? or maybe iranian? make ur choice. les jeux sont faits.
chasseurs de taupe ou fake.
chloethebull
Posted Anonymously
13 years ago
Feb 27, 2011 21:42
@daveo..sorry about that i was using the weekly chart that best represents the lower highs it can be seen on the daily but better on the weekly..gl2u as well this week..im removing some equity from my acct as my trades have not been the best lately,timing has been terrible and i feel there will be a strong push down for the usdx this week i was very disapointed with the usdcad this week and now it seams all pairs are pounding the usd..so time to remove any chance or lossing too much more $$..i rolled the dice an it came up crap:(..last week was terrible emotional ride so time to scale back and reasses my situation..thanks for all your help..gl:)
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Feb 27, 2011 20:40
I hear talk of Irish election leading to coalition. If Jerry Adams has anything to do with the future direction of government nothing will get decided in under 5 years.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Feb 27, 2011 20:35
said, are you referring to Cardiff in Wales ?
DaveO
UK
Posted Anonymously
13 years ago
Feb 27, 2011 19:36
Chloe my friend, If you look back to Friday conversation and possibly Thursday the EU reacted away from important sym level which coincided with a typical resistance level which could prove to be a short term high or a longer term high. I am in agreement with the parameter levels which Subway posted. I tend to think a little differently to what you said.

Markets never move in straight lines or when they do that for a brief one or two day period it makes me feel uncomfortable. I always expect to see the usual patterns created which I call "structure" and the structure gives us parameters to trade with. There is no need to guess what the longer term direction will be, just look to trade the current swing on whatever timeframe you choose to trade and don't be put off by Ashraf stance that a 300 or 500 pip drawdown along the way doesn't matter. It does matter and most traders trading accounts say under $350K do not want be trading into deep drawdown. I know one or two traders in this forum have large accounts and one can assume they have enough experience to be extremely tight with their MM and trade management but I would bet the vast majority here are trading quite small size and hopefully at sensible leverage.

The vast majority need to trade with quite tight stops, try to catch momentum and move the initial stop to b/e asap. If the market goes against soon after entry then you read the mkt wrong and should stop out quickly, step back and reassess, re enter if correct to do so.

The EU did one leg down on 60 min chart and then a small corrective up. I would expect another leg down at the very least but I am always ready to be wrong and will act accordingly.

If you start taking note of patterns that repeat you will be surprised at how often the various news stats and perceived fundamental changes just happen to synchronise with pattern fractals you are expecting to be formed. There is no way anyone can keep up with all the fundamental ingredients which provide for an ever changing trading environment but your charts can tell you how to trade.

Most of what we see on fundamental calls is interesting for discussion but the bottom line on this is high egos at work rather than good solid traders at work :-)

Chloe when you post your chart observations it is not always obvious what timeframe you are looking at. This is important as a monthly, weekly or daily timeframe is very different to a one hour timeframe for discusiion. gl and gt this week !
said
France
Posted Anonymously
13 years ago
Feb 27, 2011 19:03
eh daveo
are u in touch in cardiff? in that case where do u see him in five years in the hierarchy? any geoeconomic happening will prompt this. rien a dire?
DaveO
UK
Posted Anonymously
13 years ago
Feb 27, 2011 18:48
I think Ireland should pull out of the deal and act like Iceland did. No reason why the ordinary Irish working man and woman should pay for bank stupidity for the next 3 decades. Iceland is already recovering their economy as a result of their people refusing to be punished for the sins of their banks. The whole bank saving culture which is now the new norm is ridiculous and will lead to another round of stupidity, we can be sure of that.
redstone
bristol, UK
Posted Anonymously
13 years ago
Feb 27, 2011 17:22
ireland now wants to renegotiate the interest on its loans. cant see merkel going along with that !
said
France
Posted Anonymously
13 years ago
Feb 27, 2011 17:09
je vous laisse FRance2 stade2 avec la releve barney guest et pearson de kirienko. je ne perds pas mon temps avec une antenne pearson dans le midwest et salisbury affsa.

estherazy je suis et independant.