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CannonScout replied Sep 26, 2017Picture a huge mound of turd. That's what often is spewed out from the Federal Reserve. People pay attention as their words/action will affect sentiment & direction of markets. Make no mistake, they aren't to be trusted.
EURUSD
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CannonScout replied Sep 26, 2017Be careful buying folks. Catching a bottom is VERY risky. "The graveyard of wall street is filled with those who were right; yet too early." - I forget Having said that, a buy order @ 1.1720 wouldn't be too bad.
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CannonScout replied Sep 26, 2017After such a bull run? Why would it negate all of that movement?
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CannonScout replied Sep 26, 2017What about the idea of buying @ 1.1720?! It appears a snap-back is the general consensus. Or is that like stopping a moving train? Too risky for me. Although selling a peak has some good probabilities
EURUSD only
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CannonScout replied Sep 26, 2017Whoa whoa whoa I've missed something. What are these levels? How is 1.15 a Draghi level?
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CannonScout replied Sep 26, 2017None. 'Slightly above' might though... If someone has enough intelligence to observe others opinions & strategies to compare/support their methods. I would say they would be, again, 'slightly above.' Certainly not the majority. Hence the ignore ...
EURUSD
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CannonScout replied Sep 26, 2017I used to think that, yet it's been an incorrect perception many times. This forum usually contains traders who are 'slightly above' average. Hence they join/read forums to gain an edge. Use in conjunction with other strategies! You'll get burnt if ...
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CannonScout replied Sep 26, 2017R u really Snowden? haha. I wouldn't buy for awhile. Demand for USD is getting a bit heavy. Plus after Draghi's speech there is definitely downward pressure on Euro.
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CannonScout replied Sep 25, 2017Economic catastrophe? Or are you perhaps also discussing the eroding culture of Europe as a whole currently? Including the rapid demographic change.
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CannonScout replied Sep 25, 2017The fact that the ECB’s non-standard policy measures have been very effective in supporting the financing conditions of companies and households throughout the euro area should not make us forget the situation we witnessed at the peak of the crisis. ...
EURUSD only
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CannonScout replied Sep 25, 2017Honestly I would not be long. I think Germany's election will reflect more positively in International Markets. I expect Draghi to disappoint, or remain the same, and put downward pressure of Euro. Probably wrong...as usual.
EURUSD
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CannonScout replied Sep 25, 2017Why would you buy if the trend-line (steep - as you claim) is likely to break?
EURUSD only
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CannonScout replied Sep 25, 2017That's hard to quantify though. Especially in these markets where the perception of the benefits has a more profound affect on valuations.
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CannonScout replied Sep 25, 2017No way. At least not in my humble thoughts. Why would that agreements affect only US? Wouldn't it have possible equal benefits for Euro and US? Thus possibly being discounted?
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CannonScout replied Sep 25, 2017No. In fact I asked on the other thread if anyone sees a move to 1.25. Wouldn't 1.08 be drastic after such a positive move? A
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