USD/CHF as ref to the my last euro post... same story with Weekly... 1.34 area to 0.88 this is insaine if this works... Oh well if true then this is a disaster for USD and World Economies...Should take two years for it to this... anyone agrees? Thanks... Just Looks really bad..
No disrespect at all, but as someone has pointed out, your calls on ET had been a great, consistent contrarian indicator. If anything, this morning, on multiple time frames, 1.1730s presents a compelling, extremely attractive (risk/reward) opportunity for a LONG EUR/USD. At least 50-pip stop loss (not higher than 1.1685), 150+ target above 1.1880. Ditto for GBP/USD, from 1.7340s, with 60 / 250+ SL / TP. Risking 3-5% for a 9-15%+ return on euro or 12-20%+ on cable.
I just don't know how he comes to his conclusions. And when I ask, I'm rewarded with a table of numbers that mean squat, and have nothing to do with my question. To quote Mr. Chris Rock:
Sold USDJPY at 117.15. A regular ABC zigzag correction seems to have reached its target. 117.09 support held today. Oversold conditions. Since this is a positive carryover trade, GAIN has adjusted my cost to 117.10. Stop loss now placed at 117.11. The trend is Deptrai's friend.
Another outlook on the dollar long term.... http://money.cnn.com/2005/11/08/news/economy/dollar/index.htm