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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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DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 25, 2011 14:40
Christchurch have truly excellent wine cellars.
Sir Ignore
United States
Posts: 3068
13 years ago
May 25, 2011 14:39
most of my offshore holdings are in 'rigging' :)
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 25, 2011 14:39
Listening to Michelle speach at Oxford.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 25, 2011 14:38
gl skipper. AY bounced off triangle support earlier today.
Sir Ignore
United States
Posts: 3068
13 years ago
May 25, 2011 14:34
Dave..thanks for info....good trading for an engineer:) good dancing, u be limbo soon
if euro bases lower will add broz..wish 3800's
Sir Ignore
United States
Posts: 3068
13 years ago
May 25, 2011 14:30
G'morning..gaga monsterz...
holdin dem L euroses
and L usd/chf...
and appleton...one man promotion enterprise.
and a/y L.
plus some cash..
and veg/herb garden..


good luck to all in ur trading, and of course non stop tweeting, fwiw
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 25, 2011 12:56
Thank you catnip.
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
May 25, 2011 12:50
yes the EURUSD to GBPUSD correlation ahs significantly changed last week.
The co. coefficient used to be stable in range 0.85 - 0.95 for 2 years it fell suddenly to 0.3 last week. That means both pairs were dominated by USDx equally. Last week correlation EURUSD to EURGBP went up to 0.95 . Reason for this is EUR relative strength .
DaveO
UK
Posted Anonymously
13 years ago
May 25, 2011 12:41
Whereas looking at the GU which is mostly quite closely correlated to EU the pattern down from the April high could very easily be labelled corrective with 100% ABC symmetry at 1.6041. Price made 1.6056 yesterday, knats whisker jobby. Again the GU move down (which started a few days before the EU) is not a nice pattern but it does have the potential symmetry projections. Further downside would likely go to the 127.2% extension @ 1.5912. Current price 1.6235.

I have a feeling that the correlation between GU and EU has changed, bit early to be sure.

I noted coupla days ago the possibility of gbpjpy daily chart corrective down move completing at 130.26 as against the 100% sym target at 130.01. Current price 133.10 and testing 100DMA for the 7th time. 55DMA just above at c 133.60. Above these MA's might be worth considering longs. Further downside would likely target 129.11 area.
DaveO
UK
Posted Anonymously
13 years ago
May 25, 2011 12:12
well skipper, I got my EU dancin shoes on. It failed to take out that signif 4130 cluster area of resistance for the potential ABC corrective north from the 3968 low. I mentioned your one hr stoch because it reflected the weakness of the C leg up by showing divergence ( sickness). I waited for some confirmation to short. The move down is a clear 5 waves on a 15 min chart with wave 5 = wave 1 at 4016 which where I exited. Now we could be in a corrective up before next drive down. Below 4012 for shorts or above 4132 for longs. current price 4074.

My main problem with EU is the pattern from 4938 high to 3968 low is not readable with any moderate degree of certainty. Hence the "dancin shoes" !
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