Traders Laboratory - View Single Post - Busy Day Tomorrow
View Single Post
  #7 (permalink)  
Old 04-10-2008, 11:35 AM
milliard's Avatar
milliard milliard is offline
milliard has no status.

 
Join Date: Feb 2007
Posts: 149
Thanks: 14
Thanked 53 Times in 25 Posts
Re: Busy Day Tomorrow

Quote:
View Post

Currencies, as with most classes, find their own fair value levels. When the sterling is good & done flushing thru the pipe, it’ll let us know.

Till then, ratchet it back & forth along it’s range boundaries & let the powers that be worry bout sailing the economic ship!

There are some very clear & tradeable levels on the Pound (v/s the buck) to get stuck into. The volatility is also opening the ranges v/s other pairs too, as the respective economies blow-off against each other.

All good food for the speculator & those prepared to cast their lines out
That's the thing right there Annie Oakley. Absorb enough of the outlying to add a little flavor to the pot. Too much spice & you kill the dish

Folks need to be mindful of overdosing on both technical as well as fundamental diets.

It's all very well understanding & appreciating the complexities of these economic scenarios - but you got to know how you're going to actually trade that info.

Not such an easy transition for most.

Reply With Quote