bought EU 1.4676 TP 50 p SL 20 p
- #24,582
- Aug 27, 2008 11:32am Aug 27, 2008 11:32am
eu may fall to 1.4000 against the dollar by year-end, according to the folks at the deutsche bank which happens to be the world's largest currency trader..should have taken it into our consideration,,
on the fundamental note, the ecb is ixpected to cut the rates as soon as early next year or maybe even earlier than that..
for those who have shorted the eu, congrats, we are on the right track..
Used to follow your trading tips on EJ on your blog. That was a year ago. Stopped trading that pair since i might get heart attack with all the crazy movement. Nice to see you here.
- #24,583
- Aug 27, 2008 11:43am Aug 27, 2008 11:43am
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
what direction do you peeps think the news would take us to.i say long
i think short...
Stop. No more.
X4 = Too many hysterical guys to post, use imagination.
FUBAR...
- #24,584
- Aug 27, 2008 11:44am Aug 27, 2008 11:44am
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
- #24,586
- Aug 27, 2008 11:52am Aug 27, 2008 11:52am
[quote=Jurrasic;2187300]PipAV, that's great. 
Did you abandon all that in favour of just forex, or did it just get boring after a long time ? If you don't mind the personal question of course. 
Mostly I quit flying out there because the weather sucks for flying. Pushing weather will get you killed eventually and I prefer to not push my luck.
Right now, price is sitting right on the 38.2 Fib. One of those coin flip times. I still see down on the larger time frames, so that is my inclination. I do think a re-test of the 1.4500 area is in the cards, maybe by the end of this week. From there the next natural zone is the 1.4300 area. I can't see a reason to go for a long term buy, but there have been some good scalping ops. The 50% fib is at 1.4260 so that seems to be in play. IMO
Did you abandon all that in favour of just forex, or did it just get boring after a long time ? If you don't mind the personal question of course. Mostly I quit flying out there because the weather sucks for flying. Pushing weather will get you killed eventually and I prefer to not push my luck.
Right now, price is sitting right on the 38.2 Fib. One of those coin flip times. I still see down on the larger time frames, so that is my inclination. I do think a re-test of the 1.4500 area is in the cards, maybe by the end of this week. From there the next natural zone is the 1.4300 area. I can't see a reason to go for a long term buy, but there have been some good scalping ops. The 50% fib is at 1.4260 so that seems to be in play. IMO
- #24,587
- Aug 27, 2008 12:00pm Aug 27, 2008 12:00pm
- Joined Mar 2007 | Status: Trader | 3,709 Posts
eu may fall to 1.4000 against the dollar by year-end, according to the folks at the deutsche bank which happens to be the world's largest currency trader..should have taken it into our consideration,,
on the fundamental note, the ecb is ixpected to cut the rates as soon as early next year or maybe even earlier than that..
for those who have shorted the eu, congrats, we are on the right track..
Mike
- #24,589
- Aug 27, 2008 12:03pm Aug 27, 2008 12:03pm
- | Joined Feb 2008 | Status: Live long and have fun :) | 1,386 Posts
On the path to Enrichment.
- #24,590
- Aug 27, 2008 12:04pm Aug 27, 2008 12:04pm
- | Commercial User | Joined Mar 2008 | 9,071 Posts | Online Now
someone please call 911.i need paramedics.this market is killing my heart
sonic
- #24,595
- Aug 27, 2008 12:24pm Aug 27, 2008 12:24pm
- | Joined Feb 2008 | Status: Live long and have fun :) | 1,386 Posts
On the path to Enrichment.
