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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:

EUR

Discuss EUR in this thread
 
merlyn2013
Colombo, Sri Lanka
Posts: 0
11 years ago
Aug 15, 2013 4:48
You just wrote below that something tells you that eurusd could test 1.34.

Then why have you issued multiple EURUSD shorts? with one stop at 1.3320. Your targets are well below some key supports. My learning curve has been sharp and it tells me not to test a market at support. EURUSD has major support at 1.3220.

You also have multiple EURGBP longs and multiple GBPUSD longs. So you are net long euro against GBP but short against dollar and yet you are long GBP against the dollar. That is one cicrular trade which will only result in pain.

Your charts and what you write on twitter contradicts your trading calls. Even within your trading calls, they are contradicting. Am trying to understand your basis. Are you for EURO short or NOT? Now you write "something tells me euro will retest 1.34." What is that "something"? You are writing this one day after issuing a two major short calls. If they are stopped, it is 150 pips of losses. The losses are now touching over 4000 pips if all trades are accounted for since March.

You must remember we need to make money.

A few days back you issued a tweet "Aussie has to test 8980 inevitably". Why? Nothing in the books say it has to.

In the absence of a trade room, am trying to get to your knowledge as you are an experienced trader and hence trying to learn.
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Aug 14, 2013 23:38
In reply to Sir Ignore's post
Also, take a look at the DX, draw trend support line from the 29th August 2011 low through 1st Feb 2013 low. The low made last week on the 8th August kissed and bounced.

Has Ashraf noticed this ??? or asleep at the wheel skipper ?
Sir Ignore
United States
Posts: 3068
11 years ago
Aug 14, 2013 22:36
In reply to DaveO's post
sounds good to me bro..and one thing I do know about it is. da Suwannee River..which I've been on..:)
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Aug 14, 2013 22:10
EU difficult to read at mo. I had hoped it would make the 1.3443 level few days ago for a wave E high--then down the proverbial drain to deep deep doo doo. Maybe 1.3400 is a truncated top. Maybe my count is up the swanny river.

From the 1.3400 high the move down on 1hr chart looks to be in a wave 4 today consolidation with 5 down to come to complete the first wave 1 down. Maybe finish circa 1.3200 then ret back to circa 1.3300/15 before next plunge down. Above 1.3400 voids this count.

Btw, talk here of capped by 200 DMA should read 200 WMA methinks. Let's keep this thing accurate :-)
digi
toro, Canada
Posts: 1040
11 years ago
Aug 14, 2013 18:17
In reply to Sir Ignore's post
i d suggest to watch 3200, dont open possies for now
Sir Ignore
United States
Posts: 3068
11 years ago
Aug 14, 2013 17:53
In reply to Sir Ignore's post
seems so Digi...3260 stopped -20 pisses

roll em'
digi
toro, Canada
Posts: 1040
11 years ago
Aug 14, 2013 17:16
In reply to digi's post
euro down on all longer frames except monthly

this could be tricky Zig-zak , down and leytah long

eurozone has experienced some kind of growth lately , gdp

digi
toro, Canada
Posts: 1040
11 years ago
Aug 14, 2013 17:13
In reply to Sir Ignore's post
http://www.efixpuls.pl/cotton2/dokumenty/analizy/dzienne/efixRD3_20130814.sxw-PIC-100000000000069200000387394AF35B.png
merlyn2013
Colombo, Sri Lanka
Posts: 0
11 years ago
Aug 14, 2013 16:03
As a trader i will be concerned that all that EURUSD has to show after reversing from 200 dma is a mere 100 pips? This is headed higher imo. Merkel may not want to show a falling euro while people r casting votes. how is that for star gazing instead of 3 day losses at top of a uptrend etc.
merlyn2013
Colombo, Sri Lanka
Posts: 0
11 years ago
Aug 14, 2013 16:01
Thanks Ashraf. You are right. Ashraf why dont you start a trading room. There are so many worthless rooms out there. Instead of copier, best will be to have a live audience with you. And for the record I disagree with you on EURUSD. 3 day losses etc is like star gazing. How does it matter whether there were 3 minute 50 pip daily losses. that can be like bear flag instead of a turn around.

It is headed higher. May be a fall to 1.3220 etc. but I would not wait for 1.315 etc.