Ok head on chopping block call,look for eur to at least test the low of that last green on the daily,jpy may lead as it is closest to the daily high,of the 3,(last 2 red daily's)and it's the best looking last daily,if they play the game hehe.
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Ok head on chopping block call,look for eur to at least test the low of that last green on the daily,jpy may lead as it is closest to the daily high,of the 3,(last 2 red daily's)and it's the best looking last daily,if they play the game hehe.
http://www.morganstanley.com/GEFdata...d.html#anchor0
An article to relieve the tedium
Xerof
Well presented article......it probably best articulates my desire to learn TA.Quote:
quote:Originally posted by Xerof
http://www.morganstanley.com/GEFdata...d.html#anchor0
An article to relieve the tedium
Xerof
Well they played the game.
Cheers
Miner
Well it never made it to 1.27 so am just still holding my 2 shorts as per previous. Will continue ride this train all the way down. Anyone like to predict a bottom. Some suggest 1.18 etc...
From a fundamental perspective there are lots of negative possibilities re Euro during remainder of this month. From a technical perspective there is much gravity.
Guys,
just posted a chart for the Euro on http://www.tacticaltrader.com/viewto...4dee964456433a
for your perusal and comment
Xerof
sold a smidgeon of Euro at 1.25575, going into London session
Xerof
dito about 15 mins ago;)
i will register on tactical trader at some stage Xerof, but until I do I cant see your chart...
I presume tho (given your short sell) that your graph is predicting further falls. I'm thinking so too. It was quite amazing how quickly support evaporated at 1.2600ish on Fri tho maybe there will be more at the lower 1.25's
off the wiresQuote:
quote:Long term tech funds have good size stop losses below
$1.2500 and market talk is a weekly close below $1.2500 will draw the long term accounts into the market and further liquidation of long euro-dollar positions could be seen, the trader added.
Close enough to be of interest to stop-hunters before end of week. My read of 'long term' accounts is Buffet/Gates types[^][^]
Xerof