I'm not much of a Fundie's junkie either. & I definitely do not place ANY trades based on Fundamentals. Unlike bubugen, I'm NOT a Hedge fund manager. So I rely on Technicals to get me in & out of the market.
BUT...I'm just sayin'....
I did hear the IMF talkin' bout the EuroZizone needing further monetary easing.
While I won't trade off this information I will use the wind in my sails to sleep easier at night letting that short ride a little while longer.
just sayin'
in that 10% i put some readings about actual situation around. so for example until things in europe will be cleared (so=never!!) i call me out from every kind of med term trade and simply follow hourly techs.
holding now any kind of position with more than 100p stop loss can be a massacre since market can go insane in every direction in no time.
iTHINK EU should get lower area near 1.24 but actually the down move is slowing down so... let's wait n see.
90% of traders use TA, indicators and prediction
