Forum - EUR (Topic)

Putko Mafani

Cape Town, South Africa

Posted Anonymously

13 years ago

Nov 30, 2010 8:56

catnip, it's a pity you are based in Germany and do not understand the game that is played.
ECB is the only major central bank that is not playing the weakening currency game to stimulate economy because of a couple of reasons. The only way Merkel can weaken the currency to stimulate german exports is by exacerbating a crisis in the EZone periphery. Remember the Greek crisis, how the Euro weakned and what happened to the german exports. Now it is part 2. Merkel does not care about PIGS. Each country is on its own now. It is a currency war. The Fed is doing their best to weaken the dollar but Merkel won this round again. The Euro fell just as she wanted to the detriment ot Ireland and the other PIGS.

catnip

Frankfurt, Germany

Posted Anonymously

13 years ago

Nov 30, 2010 7:39

Whatever analysis methods you use.... that does not change the fact Eur is a political currency.
As ten thousands of lazy incompetent politicians were grooming their fur and 10 millions of officials were concerned with driving their pension claims as high as possible, the "unthinkable"
must eventually occur: default.
The FED bailed Euro out once will FED do it a second time?

DAHAB

dubai, United Arab Emirates

Posted Anonymously

13 years ago

Nov 30, 2010 5:33

"pls cc my nov 20th quot that i mentioned 1.3240 ...it will come 1.3240 and if it breake that level next target is within 10 days 1.28 inshalla..."

it was pasted on 24th nov thier i told within 10 days inshalla 1.28 is targetting .........but i think before 10 days may be it will happens......ohhh my god if it breaks that level also .......wearst rate of euro we can cee inshallha.....al the best of who is in buying......

chloethebull

Posted Anonymously

13 years ago

Nov 30, 2010 1:39

@daveo, thanks an its been a very long rd for me i jumped into the markets not having any idea what i was getting into an as a result i lost a lot of money but as of last mth i got it all back:) ..im getting better @ reading charts i spent alot of time learning about candle sticks, doji,hammers lol...but don;t quite have the confidence yet to follow what they tell me on my own lol..but after lossing soo much money iam still a bit gun shy..i actually took my last 10k that i was willing to put into the markets an managed to build it up to 135k(i have 2 trading accts but mainly focus on cmc markets my other is inter active brokers) from the feb-march 09 lows.any ways gettin sidetracked --someday i would like to ask u about tech trading an what chart u find most usefull i find i look a lot @ daily+weekly but lately im using mth -yrly..basically theres alot of tools for us to use but its hard knowing which tool we should be using especially for a new guy like me..again ur help is appreciated:) gl

DaveO

UK

Posted Anonymously

13 years ago

Nov 30, 2010 0:28

Chloethebull,

You done extremely well this year and especially as you been trading less than 3 years. It was FXDave that asked the question. My answer to him referred not to proof of trading results but more to guys posting the reasons why they enter or exit a trade. Like what analysis are they using in addition to blindly following Ashraf. I have felt that if guys like to post their open positions much value can be added by including the analysis utilised, their reasons why. Otherwise the forum serves little purpose for discussing trades and trade management. Discussions on fundamentals are a different matter but I think its true to say that most traders here are combining technical analysis with the perceived fundamentals in play.

We all know that Catnip has no time for what he calls "chart astrology" but he is rather exceptional and his mathematical analysis is probably beyond the scope of this forum. Ashraf I believe encourages the use of technicals alongside his fundamental analysis and opinions. After all, how else can we judge a good entry into a move, manage the trade with a degree of expertise and exit the trade with near perfect timing :-)

mckinnovation

Dublin, Ireland

Posts: 49

13 years ago

Nov 29, 2010 23:29

I think the reason why most of us are reading this forum is Ashraf Laidi. A proven and genuine expert. IMO trading isn't easy but often simple methods prove to be most effective. I love fundamental/ intermarket picture Ashraf paints and also like for my trades to be alligned with his fundamental views just for higher probabilities but I mostly read it for my own pleasure. It's good to see others post their opinions because it also gives us a certain feel to it all. Twitter and Sites like that enabled youngsters like me and my trading crew to succeed and enjoy life more so thanks to everybody that contributes to the site and within community. @mr_answer- 23 yo full time FX trader from Dublin

chloethebull

Posted Anonymously

13 years ago

Nov 29, 2010 23:26

@daveo, i started the yr off with my acct @35k an now its 119k(acct will be much higher if i could get gold to drop to 1250)...but i missed out on sooo much money getting out to early .but hey im happy concidering ive only been trading currancies for mayb 16mths an before that i only started trading may 08..lol..talk about bad timing to get into the markets lol..owe it all to ashraf an u an a few other solid members:)..thanks an gl:)

Putko Mafani

Cape Town, South Africa

Posted Anonymously

13 years ago

Nov 29, 2010 22:46

Dave, of course I can post my trades here? But how can anyone prove that what is posted is real?
So I see no point in this exercise.
I trade FX, futures and other derivatives and so far for the year my acc is up on average 27%.

catnip

Frankfurt, Germany

Posted Anonymously

13 years ago

Nov 29, 2010 21:49

Nice nice
"currency unions do not eliminate risk: they merely switch it from currency risk to default risk"

yeah ... anyone who could count up to three figured that out before implementation of Euro.
Politiicians cannot count up to three.

DaveO

N.Cornwall, UK

Posts: 5733

13 years ago

Nov 29, 2010 20:13

Welcome FXDave,

I'm afraid the forum is what I would describe as a mess :-) I have tried hard to stop them all squabbling and post some foundation for their analysis. I think its getting a little better, lol.