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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
1.3006 stop..
but closer stops on euro shorts perhaps more prudent..
if you are long where is your stop from here..
good herb harvest.....mango cush
methinks no one expects Spain to ask for bailout yet so we should see EURUSD around 1.29 to 1.295 w/o much vola.
gl gt.....
4 hr makes signal south at 3050..but not by much... next 4 hr below 3035..better signal...
1 hr south since 3078..
last 4 hr sig went +500 pips north..
DaveO...sailor's delight now swfl
what if the target of 1.37/38 reached got followed by a pennant or flag on the descending trendline?
1.29524 seemed to play quite well support for eurodollar. 23%retracement. then with little probability 1.28225.
The worst sting I have felt in a long time in trading is not taking the 4hr signal from 2599..DaveO..u can't find one invalidation of the signal even till now from 2599...making me double stupid during this time..
World be troubled now.....
here it b..
http://www.youtube.com/watch?v=vPZydAotVOY
b happi
I am hoping that what Ashraf says about risk-on/off correlations resuming to a degree of normality will now transpire with the new QE announced. Trading has been extremely challenging in the last few months with inter mkt correlations skewed all over the place. I agree the eur instrument will likely continue to be the most volatile. Next we may see some UK QE in the months ahead. China I have no real feel. Japan debt is still "a bug in search of a windshield". Will Japan corporates start to desert the sinking ship moving their investment abroard ? Exciting times we live in but blurdy horrendous scenarios. Soon the headlamps will be back upon the US deficit. Gold is lookin to be sailin northward again.