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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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New Pip
birmingham, UK
Posts: 84
13 years ago
Feb 22, 2011 20:42
Dave, thanks for that. Ashraf also.... Trend lines are quite subjective and I believe DAve is correct in what he is saying depending on where his resistant trendline comes in at. When you look at the visual from Ashraf that is also intact.
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Feb 22, 2011 20:39
Who said anything about exclusivity...i saw 3 different charts, Bloomberg, Reuters and DB and none has broken. Come on..even the FT jumped on the formation and called it a wedge.. 2 weeks ago.. 3 months after I spoke about in Nov.

Ashraf
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Feb 22, 2011 20:39
You owe me an apology Ashraf :-)
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Feb 22, 2011 20:34
Ashraf, suggest you read my post again. It only broke the shorter term trend resistance line drawn from 26th Jan high. I have 2 other longer term resistance lines above, one of which was mentioned.

You don't have exclusive rights on charts, I have my own charts too :-) The lower resistance level is relevant for those who may wish to enter short without the pain of your 300 pip leaways. You only have to look at smaller timeframe to see the trend is up for last 3 sessions.
Yoni
Turku, Finland
Posted Anonymously
13 years ago
Feb 22, 2011 20:25
Ashraf, thanks for the input.
But how can anyone remain reasonable when unreasonable colonels are scripting the daily agenda for the markets?
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Feb 22, 2011 20:18
Dave, I go on travel for a week and people do not miss a beat to say things that are untrue.. How can you say EURGBP has broken thru the resistance? As this chart showshttp://chart.ly/82qkyja THE MULTI MONTH/YEAR RESISTANCE remains intact, Lower highs continue to lead the way. The falling trendline resistance clearly shows theyre not broken. Let's remain reasonable.

Ashraf
djellal
LAUSANNE, Switzerland
Posts: 531
13 years ago
Feb 22, 2011 20:16
short eurusd there it cannot close with this candle
Putko Mafani
Cape Town, South Africa
Posted Anonymously
13 years ago
Feb 22, 2011 19:55
Thx for the info, Dave.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Feb 22, 2011 19:45
NewPip, Ashraf been bearish the eurgbp for some weeks or months but its not been an especially good play. For the wedge on daily timeframe take yer trend trend support line from August low through January low and take yer trend resistance line from the October high through January high. Price has already broken through the resistance line taken from Januray high through February high.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Feb 22, 2011 19:37
Boli was sent on operations or summit. He Said he would be away coupla weeks.
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