Forum > View Topic
by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
I do wish to comments on the rest of the follower of all trades.....
Do your own judgment do not follow trade if he or she is good.
Cos no one can tell you 100% the trade will move from A to B.
Lastly you cant expect good trader to give u direction if he/she is right u got it ( happy with the $)
if he or she is wrong and had already cut lost ( you are crying tht you lost alot cos u have not cut lost).
So if to follow blindly must well throw a coin and decide which direction to trade. :)
http://www.cantos.com/charts/project/6665/company/BETA%20Group/term/Analysis
(I think you need to be registered (free)).
Basically he (Paddy Osborn) sees a _possible_ 4-500 pip drop in the FTSE, with little confidence in the upside, or of course it could just drift sideways for the summer.
that can have 500 pips to 600 pips however the overall downtrend remains . I think eventually there is no other choice than to re-introduce the ECU system with national currencies and narrow yet variable fx bands as the economies are and will cotinue to be too different for one rate policy fits all as a eurozone common economics and common finance politics has failed due to lazyness and incompetence of too many politicians.
Lots of people are predicting a market crash as well.
However, the 2nd part of Catnip's prediction was that the focus would swing back to Europe and it would go down to 1.1.6 in July (more in line with Ashraf's original prediction).
So you could say that Ashraf was talking about the longer term, but Catnip correctly spotted the shorter term countertrend.
On gold - I too was fooled, but actually, we have seen some recent sharp drops and even some gold bulls have been warning of a sharp drop before the bull run resumes.
At the end of the day it is the trader's responsibility for what he or she trades and he or she should make their own analysis.
What's going on with the eur/usd. I been shorting it since 1.19 you said to sit back and relax it will go there shortly.Its been a month and a half.
It seems you keep changing your mind......
I think Ross shares the same thoughts....
You said the same with the aus/usd shorted since 80 you said it would go to 78-79 and beyond then it went to 88
Again you screw me in gold back in early march when you said it would go down to 1059 waited to long on that and lost ,then you changed you mind and said it would go to 1300 have not seen that yet either........
I think catnip should have your job because looks like catnip is in the money and not from listening to you.
It seems like if I done the opposite of what you say i would be rich by now......
I want some answers Ashraf pleasssssssssssseeee
The government intervention by the Swiss and Japanese really helped your cause - do have the inside track? Is the USD$ now the whipping boy? I hope you will keep us informed on your next move....Congratulations on your good trade.