Short Eur/Usd on IFO?

[MickMason]

Originally Posted by Peter Young

Mr Mick .....do you have sum high inspiration about the confidence figures tonight OR are we living in hope...how will the market react ???.....regards PY

Hi Peter

I believe they're expected good but some long dollar positions have already been squared after 1.20 support held. What the actual numbers are and how the market reacts is anyone's guess. My intraday forecast is based on probability, the risk seems quite good compared to the potential reward, but as always stops should be used.

Cheers

Mick

[Peter Young]

Originally Posted by MickMason

Hi Peter

I believe they're expected good but some long dollar positions have already been squared after 1.20 support held. What the actual numbers are and how the market reacts is anyone's guess. My intraday forecast is based on probability, the risk seems quite good compared to the potential reward, but as always stops should be used.

Cheers

Mick

Mr Mick......ok.......regards......PY

PS Remember what high OIL prices ($61+) did to the eur/usd market last time.
Thats it for me...someone else can take over the chatter....be smart, be happy.

[MickMason]

Originally Posted by MickMason 27-06-2005, 06:32

.......is this an opportunity to get in short at better levels from perhaps 1.2150/1.22 for 1.1850 this week?

First target met at 1.1945 (161.8%).....


Mick

[klw]

Good call on the euro Mick,are you going to do any more forecasts ?

[MickMason]

Originally Posted by klw

Good call on the euro Mick,are you going to do any more forecasts ?

Hi klw, thanks, it worked out alright didn't it, some great risk/reward that's for sure.

I'm always cautious of posting forecasts, obviously not all my trades pan out and I'm aware that some traders will stay in a losing trade regardless

If a set-up comes along and I can post in plenty of time for anyone to actually enter the trade then I will, if I'm not caught up in some futile discussion about bottom fishing


Cheers

Mick

[klw]

Thanks in anticipation