EUR

@Subway your right I haven't made a euro call, and would not think of making one as I don't consider myself in a position to advise ppl on how to trade forex. Commodities and stocks be happy to provide my views, but not forex.

My issue is that your "friend" considers himself to be 90% accurate which is complete and utter rubbish. And he wants to go around dishing out advice as if he moves the market...again complete nonsense. Consider me as someone who is bringing down his inflated ego.

The FED does NOT want to keep USD low. What a nonsense. The FED has to unwind QE2 and to clean up its UST portfolio. It will foster a flight to security that is to UST and USD .
EUR permabulls such as Ashraf should gather information about the TARGET system to eventually understand the Ezone situation contains some extra 400 bln of conceiled debt and consequently ECB is bankrupt. FED is NOT bankrupt.

hey sub, i had some bad luck today:(..so apparently i had 2pending orders that put my eur short position flat @ 14470:(when i realized what happened eur started to drop fast and never had the chance to get it back mistake cost me 1400-2000buks:( not a happy camper u could say..anyways not a big deal just have to wait for the next set up..im still using my fib levels from the other day never quite reached the 50%retrac of 14310 i see eur going to 14228-61.8% then 14112-78.6% so anyweres between the 61-78 ill be willing to try a long posi but if 78 is broken then i see a big drop possib into 13775.i think eur fundies are shaky at best..the orther day when eur was @14690 i new it was a good short but i had other blocks at 14550 area so im trying to practice disipline on spacing my blocks @ key fib levels only..anyways thats for the great info in your post:)gl/gt:)

Gun...

i know you and ignore have some history.... but some respect pls.. never seen you make one Euro trade call.. and making all this negative comments in this thread would never be a good thing for this forum... if you wanna add posts... pls keep it positive and better yet to share any trading ideas if you have any... have a good weekend and hope you have something positive to share starting next week...

I would think that Ignore uses stops as the only people who don't are those with a 100% winning trades ratio (they don't exist) or those with one or more blown accounts (they exist).
I was only saying that from the time of his posting, a long trade from 4445 was time-consistent and, at least as far as i'm concerned, putting one's stop at b/e while 30 pips in profit on a long euro trade after the market had quite clearly called the bluff on Trichet's strongly vigilant' words, was a sensible idea.
So the guy had his stop taken for 0 pip! So what? b/e and losing trades are just part of trading: I look at them as the cost of being able to trade, no more no less.
I had a look back on previous postings of his and he has been long for a while, seemingly capturing a fair chunk of the move up from 41xx.
I obviously misunderstood your "eurusd WAS AT 4330 AROUND 6.30PM" but I still don't see the relevance of it; anyone looking at an /$ chart could have told you that! As for the 'contrarian' indicator, i would say that all those calling for 1.40 over the last 3 weeks have been the contrarian/wrong ones.