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This thread was started in response to the Analytic:
EUR Trade Index 18-Year Chart
Daily EURO chart of 18 years of cyclical developments in finance & politics
Jack, shame you did not follow it. the 200-day MA was a screaming buy. Yet most special about today was that it coincided with the ECB tender (i provided the explanation on twitter) whereby banks would borrow in EUR and convert to CHF, thus, further dragging down EURCHF until SNB steps in.
I WILL SHED MORE LIGHT ON THIS IN SATURDAY'S WEBINAR.
Ashraf
sorry for breaking the flow of forum chat, i got a little bit excited. Since the swissie numbers came out (positive) i was buying euros. Every 5 pips i was adding to the position, betting on the intervention. As a fellow traders i hope you undersand how i felt before and after that 100 pip pole on EUR/CHF. I think i will celebrate this as my second birthday.
Ashraf, thank you, thank you , thank you , thank you , thank you. Tweets are just priceless. Gotta love that swiss muscle.
Ashraf
and do u think sell gbp/usd on 1.6100 good and where is the stop loss if yes thanks
how are you ?
dou think the dollar go down coz the tsunami come on USA
and what is ur stratage for gbp/usd
amnd usd/chf and eur/jpy
thanks
Ashraf
Yesterday I went short with EUR/USD at 1.4526..... Can u pls suggest, should I wait for it to fall down or should I exit taking a loss.
Please advice Ashraf.
Regards,
AVG