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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
with euro calls like that the targets are sure to be hit more often then not.. thus claim to fame.. but at what risk and cost?.. say we took 1.3610 long and market just went against us (like today) and our stop gets hit at 1.3520 (probably soon).. that's 90 pip loss.. that's very hard to recover from with 20-40 pip wins.. actually it would take about 5 consecutive wins to just get above even..
who is iggy ?
(NEW) Long EURUSD between 1.3580-1.3610, for limit between 1.3630-1.3650, stop at 1.3520.
(NEW ) Short EURUSD between 1.3630-1.3670, for limit between 1.3570-1.3610, stop at 1.3700.
When these were posted at 11:55 EST, EURUSD was anear 13610-15, therefore the LONG trade was to be activated.
I hope it's all clear enough
Ashraf
which one of you is this guy?
Iggy is dat you ?
Ambrose Pritchard is one of those few reporters who continues to move markets. Those who have my book, see his endorsement on the back of my book.
Having said that, he does tend to lean on the side of big headlines and has not been among the biggest fans of the single currency project.
Ambrose Pitchard on my book back in 2007:
"Ashraf Laidi is well known to City journalists as the rising star of the currency markets. His book offers a majestic sweep of the global financial system, showing how credit, oil, gold, and equity markets all interact to shift currencies one way or another. It is primer on 30 years of exchange rate drama. If you want to know when to play the carry trade, and when to steer well clear, this well-crafted opus is probably the best guide you are going to find. "
Ambrose Evans-Pritchard, International Business Editor, The Telegraph
@ Jacek, yes exactly, seems to have formed a very solid base !
@ skipper, shame we on different time zones bro, have a good session.
Goodnight all.