by Ramki | Jun 23, 2011 | GBP
Yes, the Pound is going down. It doesn’t matter that I dont think we posted a Head and Shoulders top there. I must have caused some of you to miss out a neat trade. Guess thats the price of being cautious.
by Ramki | Jun 22, 2011 | GBP
A leading bank and an active player in the FX market has gone short in GBP/USD at 1.6133 with a stop at 1.6305. Why? It is because they have spotted a head and shoulders formation! Over the years I have seen hundreds of ‘potential’ head and shoulders that trap traders...
by Ramki | Jun 14, 2011 | Euro
The speed and scale of Euro’s downmove from near 1.4700 has caught some traders off guard. Readers of these comments were at least forewarned of an imminent correction (although we were expecting it from 1.4730). Anyone who was trading technically would have spotted...
by Ramki | Jun 7, 2011 | Euro
Following the EUR/USD update of 29th May when I decided to step back and let the next move unfold, the Euro has been climbing quite steadily. Having come this far, we are now in a position to look for turning points on both sides. For example, there is a reasonbly...
by Ramki | May 30, 2011 | Euro
I just want to clarify one little thing about my comments posted yesterday. Traders should understand that there are times when the road forks, in a manner of speaking, and the crowd chooses to follow one or the other route. If you understood my philosophy of trading,...
by Ramki | May 29, 2011 | Euro
Now that the EURO has completed its 5 wave downmove from the high of 1.4939, we need to revisit the big picture and ask ourselves again, ‘Has the EURO really posted a medium term top at that level’? In order to play the devil’s advocate, I can present the following...
