Hi all, new in this forum. Looks like some interesting talk on Forex.

Next week will be interesting to see where Euro will move from here.

e/u move up

For those who long eu last week base on my recommedation, time to reduce your positions.

But how can they all be right? what's your capital?

they not all right about it all the time.
there are sometimes that the system fail

This is not easy to understand, but some people can do this well.

I think what adam mean is that FA plus confirmation from TA.

Well, that's why Forex is a high risk game. Not all strategies work the same way , every time. You need constantly to improve your trading methadology.

My capital? Enough for me to make few hundred a day.

And note that the few hundred is in USD

Shorted AJ @ 69.34, TP @ 68.00

breakout?


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Breakdown

The Euro is falling. Unless the stock futures change the direction, the Euro will be giving back its gains.

Today will probably set the trend. Key lvl is 3110-20s

This post has been edited by billytong: Apr 27 2009, 06:29 PM

Now you have to be political analyst as well, e.g. Swiss central bank intervenes in currency market.

Not quite, right now it is all about the perception of the market. What the market believes. Read that.

It is the same as US economy downfall but USD become "safe heaven" because most think USA will recover ahead of others. Right now looking after the constant green data out from German. It seems to become rather a mixed feeling.

This post has been edited by billytong: Apr 27 2009, 06:54 PM

USD is facing a bit of challenge to be the safe haven now. Looking at the Treasuries auction for its 3 and 6-month bills, i considered it weak. What is left now for the Euro is how ECB is going to play with its tools. Best bet would be to extend the maturity period. However, i still do believe Euro would gain against the USD, probably by June

Euro had a nice drop

All fiat currencies :-)

Going down! USD strengthening