DislikedI think we need some clarification here. Taking longs on e/u at this point is little more then gambling.
The hard truth is, I failed in my analysis. Apparently the concern was never really about "if" greece would get a bailout. It was "how" that bailout would be organized. I still fail to grasp exactly why an IMF loan is more negative for the euro then a euro led bailout, but the market seems to think there is a difference and that’s all that matters....Ignored
European union should have taken care of this problem, not the IMF.
As for taking longs being wrong, it depends on so many things it is a difficult statement to make, fading this market has not been a bad idea, and certainly would have resulted in a lot of profits throughout the last few weeks, obviously the short at 1.3800 was the best trade to take.
It has broken the low but it is still not impossible for the longs, with one level remaining nearby, failing that, the short should have quite a bit of a run so it would not be too late to enter it at any stage in next few days,
IMHO of course...lol
Like the top at 1.3800, failing to enter there, other opportunities presented at lower levels, it is never too late.
Your posts have been very interesting to read, i hope you continue.
Biggest joker