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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
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.
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?
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......
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 :-)
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%.
"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.
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.