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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
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.
Has Ashraf noticed this ??? or asleep at the wheel skipper ?
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 :-)
roll em'
this could be tricky Zig-zak , down and leytah long
eurozone has experienced some kind of growth lately , gdp
It is headed higher. May be a fall to 1.3220 etc. but I would not wait for 1.315 etc.