GS being privy to information and allowed to deal on it before releasing to muppets surely ain't fair ! Anyone else doing so would attract a dozen law firms licking their lips with glee.

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I understand all that. I just don't see how anyone can be confident in a 'risk/correlation/fundy/news' study as all these parameters are constantly changing, and can be controlled at whim by the powers that be. So to take a medium/long-term position ...

EURUSD

Thanks for the advice. I learn something everyday !

EURUSD

I'm not sure what you mean when you say 'look at other things'. As I see it, the fundamental picture is in a constant state of flux. In no way can the ordinary person foresee what utterances or manouevres are being planned next and at what time by ...

EURUSD

Granted, currencies can remain o/bought/sold for much longer than say equities. But how do you gauge that the sentiment on the fundamentals has shifted on-balance towards the opposing direction. I'm not sure what calculations one needs to perform to ...

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Are you not allowing for the possibility of key-reversal day range play ? Isn't this a more likely scenario as the pair is so overbought ?

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My prediction. — E/U will hit 1.4666 before turning for remainder of year.

EURUSD

Good thinking. However it could well turn out to be just a tail on the longer term (monthly) candle ??

EURUSD

What t/f are you referring to and for how long (bars) would this stop vol normally be good for ?? TIA

EURUSD

One more attempt i reckon.

EURUSD

What's your target area now ? If hourly closes < 165, I'm gonna adjust my target lower ( <125 ).

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They certainly are !

EURUSD

Be careful — Trichy may surprise everyone. I reckon he's gone short today.

EURUSD

ok.

EURUSD

Target & s/l ? I'm short too (180), targetting 125 s/l 220

EURUSD

'Existing home sales' data also due out at same time as Tricky speaks so could add to volatility.

EURUSD

Hmmm — It would be handy to have a 'Likely Trichy bs effect' indicator. I believe we could be in for spikes in both directions, but down overall for today, due to s/t overbought conditions.

EURUSD

Agreed, me too. Off for a break to be ready for NY. C ya later.

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I don't think even the 'experts' know the true reasons, otherwise they would not spend all their time submitting 'analysis' after the event. They would be better off using that time to trade using their knowledge instead.

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You think you're lazy ? Well I haven't GOT a reading list !

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