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

EUR

Discuss EUR in this thread
 
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rrose
United States
Posted Anonymously
14 years ago
Apr 13, 2010 17:31
montmorency if you now how to count elliott waves the friday move was clearly predictable so techs out there could make good economists to
Shane
Lahore, Pakistan
Posts: 209
14 years ago
Apr 13, 2010 17:28
My argument is basically that short term price action is easier to determine and identify rather than long term. Secondly its better to have a lost opportunity than lost money and finally never let your profits rust as Ashraf always emphasize the last point aswell.For e.g Is it better to go short at 1.5380 for 1.5350 for three or four times or waiting for one big jump to 1.5170 with lots of risk involved that market may turn against you, i believe in both cases the earnings are almost equal so lets choose the less risky one. I am just posting this to have your opinion and so we all can learn from eachother. Thanks
rrose
United States
Posted Anonymously
14 years ago
Apr 13, 2010 17:26
said if you are shorting gold try gold/aud looking weak and never broke the high in respect to gold dollar
montmorency
Abingdon, UK
Posts: 610
14 years ago
Apr 13, 2010 17:25
And economists can't even predict the economy correctly. Yes, I hear what you are saying Shane, but, e.g. Friday's moves and the post-weekend gap up were a direct result of a political-economic event, i.e. a fundamentals event (or at least the market's reaction to that event).
said
mulhouse, France
Posts: 2822
14 years ago
Apr 13, 2010 17:24
maybe not yet out of deflation but something is gonna propell the nikkei to the nineties level.
rrose
United States
Posted Anonymously
14 years ago
Apr 13, 2010 17:19
thay say good economists make bad traders
Shane
Lahore, Pakistan
Posts: 209
14 years ago
Apr 13, 2010 17:15
Catnip
These fundamentals you are stating are absolutely right but i have one question for you , Do these fundamentals determine short term price action. I dont think so. Its not about picking a top or bottom but its but about risk management. The market is always balanced for shorts and longs and is in a state of equilibrium as there are always opprtunities to earn from going long or short the only thing that matters is our understanding of price action for e.g A 500 pip upward move should atleast have a 100 plus pip pull back even if the trend is strongly bullish. We witnessed it all along in eurusd. My point here is lets not stick ourselves with shorts but to keep ourselves flexible for any opportunity towards any direction.
said
mulhouse, France
Posts: 2822
14 years ago
Apr 13, 2010 17:06
boj is out of deflation
fed and deflation will be in four or five economic cycles around 2026 when hyperinflation coupled with rate at 12percent will attain its momentum
as for ecb creating inflation its at the demand of landesbanks and convergence of monetary policy
Shane
Lahore, Pakistan
Posts: 209
14 years ago
Apr 13, 2010 17:06
they are calling it a choppy market, they are wrong its a scalping market. Enter with your eyes closed and you will earn lolz.
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Apr 13, 2010 16:56
The difference is BOJ and FED fighting deflation ECB creating inflation.
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