My technical target for the EURGBP move up was hit on the nail at the open last night. Pinpoint accuracy with nice reaction coming in.
Trouble with trading fundamentals is the markets spend most of their time being irrational. A lot of self appointed gurus have died a pauper hanging onto their fundamental beliefs.
Catnip, tell me please. What is the argument for your country to remain in EUR currency ?
Seems to me you have nothing to gain but everything to lose and the ultimate loss could prove catastrophic to the only euroland nation that has basically kept its house in order and actually has a sensible manufacturing export base.
Interesting the DX appears to have bounced off the 70.7% level (daily chart). Not too many fib traders use the level but I find it does often play in some instruments. Ok now I spooked it for more downside.
For your 63/6400 target area are you looking at pivots and the 78.6% level or are you a market profile volume geek. I see very high horizontal vol at that level with the HVN bang in the middle.
Just interested in what tech associates are using :-)
I'm a liitle surprised Ashraf not mentioned his daily chart trend support lines for EU and GU today. Both have kissed nicely today although GU looking like it may want more than a mere kiss. Penetration may result if she willing.
I'm still alert for a possible reaction at 1.5935 for the GU. Potential 100% symmetry in the pattern from 5296 low. Not high confidence call but the level is in the way of retest of the 5997 high.
You won't my friend, my dear mother is dead. Suggest you stick in your horrible country. I can't imagine why we try to help you people. We could could much easier fight terrorism from our ports.
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(10 months ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(10 months ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(10 months ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (10 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (11 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (11 months ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(11 months ago)
إستعمال تحليل الإنترماركت والتحليل الفني الكلاسيكي لتداول الذهب و الناسداك و السندات. شاهد هنا
Using intermarket technicals analysis to trade XAUUSD Nasdaq100 and Bonds.Watch here.
Latest Hot-Chart - May 16
Dax 200 DMA Deviation
You remember we went short Dax40 in late March based on the 13% 200 DMA extension, which gave us at least a 500-pt gain.
View Hot-Chart..
Trouble with trading fundamentals is the markets spend most of their time being irrational. A lot of self appointed gurus have died a pauper hanging onto their fundamental beliefs.
Seems to me you have nothing to gain but everything to lose and the ultimate loss could prove catastrophic to the only euroland nation that has basically kept its house in order and actually has a sensible manufacturing export base.
The long entry for this move up was at 8400 and lighten load at 100% sym level at 8605. Final unit to be removed at 8730 if the idea is valid.
For your 63/6400 target area are you looking at pivots and the 78.6% level or are you a market profile volume geek. I see very high horizontal vol at that level with the HVN bang in the middle.
Just interested in what tech associates are using :-)
I'm a liitle surprised Ashraf not mentioned his daily chart trend support lines for EU and GU today. Both have kissed nicely today although GU looking like it may want more than a mere kiss. Penetration may result if she willing.
Ashraf,
In that case please feel free to delete my post re Go Markets brokerage.