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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
Ashraf
Yeap, I got stopped out on this trade: << Wednesdays long EURUSD between 1.3330-1.3370, for limit between 1.3390-1.3420, stopped out at 1.3280 >>
Hope to follow you more successfully. Problem is with so many calls, which one should I follow? It is fantastic that you hit 7 out of 10, but it would be horrible if I only pick the losing 3 trades !!!
The mistake we did in EURGBP was to set our targets ABOVE that resistance confluence 55 & 200 dma.
We played the lower highs. but now need to step back.
Ashraf
That is not possible to have been stopped out from our EURUSD trades yesterday.
We had two EURUSD longs, one of which all targets and the second one is 1 pip away from hitting all targets 13465 (versus 13464).
Yes, you were unlucky in EURGBP, as it got stopped out by 4 pips. meaning the low hit 0.8646, versus the stop of 0.8650.
As I wrote in the latest IMT, minutes ago:
7 Premium trades hit all targets, 1 stopped out, & 3 are points away from completing all targets.
Guddu, stay on hold for now
Ashraf
my observation is that the trend usually reverses after we get stopped out, as in EUR/GBP.
can we re enter now in light of UK banks downgrade?
EUR seems bullish technically, but i still am betting on a bearish view on interest rate south at least till the end of this year. before ben bazoka Q3.
This may give us 1.3550s next week. but not more than 1.37.
Stay tuned tomorrow for latest gauge.
And YES, I still see EURUSD below 1.28 late next month.
Ashraf
A