Ivan's Trade Thread, part II

Because the 11 wk average comes in around there. This is how I "roll" :)

Just part of my method. I do not see the end of the down move until the low 1.20s, though. That's where I see this shaking out in a few months. But there will be bounces to get out and back in again.
 
Quote from Ivanovich:

Because the 11 wk average comes in around there. This is how I "roll" :)

Just part of my method. I do not see the end of the down move until the low 1.20s, though. That's where I see this shaking out in a few months. But there will be bounces to get out and back in again.
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Ivan

What makes you think we'll see the low 20s in the next few months? Any particular reason?

I am asking because that's also the same target I have for this downmove.

Regards.
 
Quote from fseitun:

Ivan

What makes you think we'll see the low 20s in the next few months? Any particular reason?

I am asking because that's also the same target I have for this downmove.

Regards.
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I have a host of fundamental reasons, but mostly it has to do with the situation in the EZ being far worse than people are taking into account, a possible split to the EU (wherein one or more countries leave the Euro) in the next few years, and the US economy climbing out of it's recession slowly, causing a contraction in the spread of rates between the two "countries".
 
Quote from Ivanovich:

Short, EUR/USD @ 1.3629, 200,000 units for 1.32 range. Stop is at 1.3684.
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Closed at break even as the picture setting up is not attractive. Will look to re-enter and sell into strength.
 
Quote from Ivanovich:

Signal generated for the same trade, entered at 1.3620 (200,000 units, same stop).
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Trade looking better. Stop moved to break even + 1 to lock in a pip.
 
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