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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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said
mulhouse, France
Posts: 2822
13 years ago
Jan 13, 2011 7:46
1.34 eurusd
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Jan 13, 2011 6:04
Imo the best thing to do is to do is the big traders do. They don't go for profits they go for minimum risk, and hence follow hedging strategies. The directions are not due to some sentiment but to a clear calculus. Only in hour to 1 day timeframe retailers' position can add some noise floor to the general direction. Thus sentiment plays no role in fx.
What baffles me is that technical traders never question the basical foundations of their methods. If they did they must reasonably admit it has no foundation. They are like car drivers
who guess the road before them from looking in the rear mirror. This works only in short frame
if the road behind was straight ahead one can assume the immediate next section before is also
straight ahead but cannot assume the road ten miles from where they are.
Shane
Lahore, Pakistan
Posts: 209
13 years ago
Jan 13, 2011 2:09
Rightly said dave, the best thing to do in the markets is to trade either with lots of margin or trade small, same thing lol. As far as Ashraf goes he has been warning of 1.3280 in some tweets and ddi mentioned 1.5630 in GBP. However i guess if he adds more clarity that will be better .
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jan 12, 2011 23:41
Too many traders get the idea that mkts have to move straight to his target levels without any pain (or tradeable retracements) along the way but mkts never move in straight lines. Ashraf needs to think about his style, about giving due warnings to the less experienced traders following him.
Qingyu
manchester, UK
Posts: 1763
13 years ago
Jan 12, 2011 23:34
yes, i do. ashraf looks ok, not 100% right, but all major suggestions were right. i can not believe it...

twice eur short, aussie, kiwi, jpy, gold, too many...
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jan 12, 2011 23:19
are you following ashraf on twitter ? He seems to be getting all wound up about something. I don't understand what they are talking about. Surely a pop in the eur is not causing some big issue with traders.
Qingyu
manchester, UK
Posts: 1763
13 years ago
Jan 12, 2011 21:59
technical analysis has too many possibilities, without fundamental analysis that is nothing.

i always wonder why/how ashraf can use that bullshit tools so good...@-@

i guess ashraf must be a saint...@-@
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jan 12, 2011 21:48
It would take a lot more upside than today to get me feeling LT bullish euro catnip. You know my feelings about that :-) I was just recording that Ashraf's "death cross" did indeed make its cross today following yesterday discussions.
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Jan 12, 2011 21:02
well Japan did not buy Portugal bonds...some question rose who exactly buys the bonds...
intransparent auction. Neither death cross nor death penalty ( trailing vs leading) but there is still no reason to be bullish on Euro. In relative strength Eur rose most but in a longer time window the move is not special at all. Currency strength is not in favor of GDP either only hawkish rate statement could change that
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jan 12, 2011 20:30
market humiliates the "death cross". Nothing is ever certainty.
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