Menu
Sister Sites

  • Euro vaults $1.3700 for first time since mid Nov 2011

'EUR/USD has broken 1.3x00' - this is daily "breaking" news these days.

More to come.
Selling selling . sold!
Tp 1 1.3650
Tp 2 1.3490
  •  Guest
  • | IP XX.XXX.242.175
This is economic war dollar area against EU
EUR has gone bananas....who is making a lot of money from EUR? eur/jpy up almost 3000 pips in six months, eur/usd up almost 1600 pips in six months...hard to understand but its true....if I knew I could have been a billionaires by now...I got stopped and stopped and stopped...made a lot on EUR but got absorbed again and again...I could have only stalked up my head for ONLY EURO when it was eur/usd 1.2100 and eur/jpy at 95.00. I can't buy it at this level...unless there is something Mr. Market is not telling some of us.....
There is always a price for promises you don't keep!
Quoting Fx-gtg
Selling selling . sold!
Tp 1 1.3650
Tp 2 1.3490
Good luck. You'll need some.
Quoting DragonFire
...I could have only stalked up my head for ONLY EURO when it was eur/usd 1.2100 and eur/jpy at 95.00.
It was impossible to foretell. Steady and exhausting moves like that are good only for veteran traders with excellent discipline.

Out of gazillion articles i haven't found one about how to get involved in such an obvious one-way markets. Buying dips doesn't count since there are almost none (okay, one was an hour ago).

So how to really trade prolonged one-way markets?
Euro f**ck dollar....
It goes like this:

Jan.24 - oh, i wish i bought yesterday, now it is too expensive; i'll stay sidelines
Jan.25 - oh, i wish i bought yesterday, now it is too expensive; i'll stay sidelines
Jan.28 - aha, doji, maybe we get a pullback to enter trade
Jan.29 - oh, i wish i bought yesterday, now it is too expensive; i'll stay sidelines
Jan.30 - oh, i wish i bought yesterday, now it is too expensive; i'll stay sidelines
Jan.31 - aha, doji, maybe we get a pullback to enter trade
Feb.1 - mess, no way i'll trade that

In the end i stay sidelines all the time and meanwhile market moves one way only for about +5% or +10%.
still showing upward... look for up guyes....:-)
If you are brave enough to control your emotions, you can trade well....
eur/usd is very bullish, possible to 1.4 ?
Quoting Spik
It goes like this:

Jan.24 - oh, i wish i bought yesterday, now it is too expensive; i'll stay sidelines
Jan.25 - oh, i wish i bought yesterday, now it is too expensive; i'll stay sidelines
Jan.28 - aha, doji, maybe we get a pullback to enter trade
Jan.29 - oh, i wish i bought yesterday, now it is too expensive; i'll stay sidelines
Jan.30 - oh, i wish i bought yesterday, now it is too expensive; i'll stay sidelines
Jan.31 - aha, doji, maybe we get a pullback to enter trade
Feb.1 - mess, no way i'll trade that

In the end i stay sidelines...
This is Forex where market reacts unexpectedly. Let me complete the current scenario & this is reality when it comes to retail traders

Feb.1 - after a long waiting finally i bought eur/usd
Feb.4 - WTF i did. i wish i could have sold it instead of buying on top
  •  Guest
  • | IP XXX.XXX.236.188
Quoting Spik
It was impossible to foretell. Steady and exhausting moves like that are good only for veteran traders with excellent discipline.

Out of gazillion articles i haven't found one about how to get involved in such an obvious one-way markets. Buying dips doesn't count since there are almost none (okay, one was an hour ago).

So how to really trade prolonged one-way markets?
it's already trading in momentum phase, therefore, naturally a shallow pullback will attract buyers. it's a good roller coaster ride manageable with small risk if time properly.

my motto is "just enjoy the ride until they dump you. don't go against the master of the market"
Not before 1.35
Quoting FX_Scroll
eur/usd is very bullish, possible to 1.4 ?
be afraid for EU, very strange at this moment...!!
Quoting Forexgain
This is Forex where market reacts unexpectedly. Let me complete the current scenario & this is reality when it comes to retail traders

Feb.1 - after a long waiting finally i bought eur/usd
Feb.4 - WTF i did. i wish i could have sold it instead of buying on top
That's what usually happens. Or if you buy at the right time, there is surely a well-timed mini dip just to freak you out of position - just to see it soar after getting out. Usual stuff. What i have to learn in such markets, is how to stay in trade after some profit is gained, instead of chickening out.

In forex you learn non-stop.
  •  Guest
  • | IP XX.XX.184.227
1.43 is the next level
As long as the retail traders keep trying to pick the top and shorting every doji or divergence the big banks and institutions are going to take their money by running stops.

As soon as you think the market wont go higher it does, traders trying to short the Euro are going to lose a lot of money. If you must short it wait for the trend to roll over there will be plenty of chances to short it later after a probably an extended sideways (distribution) period.

Before the markets rolls over big boys have a lot of positions to get out of and they will shake out all the weak buyers as well who have been sitting on the sidelines during this and give up and buy the highs
Quoting Spik
It was impossible to foretell. Steady and exhausting moves like that are good only for veteran traders with excellent discipline.

Out of gazillion articles i haven't found one about how to get involved in such an obvious one-way markets. Buying dips doesn't count since there are almost none (okay, one was an hour ago).

So how to really trade prolonged one-way markets?
Spik;
The only people who understand the endgame for the EUR are those who are moving it. Call them, BOJ or SNB or some big fingers from well-capitalized mutual funds. The move is not about RISK ON or RISK OFF trade but “the group’s” determination to move EUR until a lot of accounts are wiped out. I was more like EUR advocate from lows of 1.2100 but I got carried away after 1000 pips journey. I lost my mojo somewhere along the journey!
There is always a price for promises you don't keep!
expecting it and many more !its hell trend on eu.cheers to longs1
  •  Guest
  • | IP XX.XX.122.45
The game is called ff guard or the least expected scenario regardless TF.
The only constant is the element of surprise.
That's why everyone has at least once said that this is a joke or a slight of hand.

It goes like this
Magician takes volunteer. Teaches - guides him through the trick's convincers. Crowd agrees everything nominal and then...

BANG(BANK) !!! Magician read his mind that it was indeed the ace of spades he picked from the pile. But wait! It's not anymore on the pile. Magician stuffed it into volunteer's wallet to replace his long gone money.

Volunteer goes like "What the F?!" and Market Blaine has delivered again
Dragon what you see Euro still bullish? or it will retrace>
Pull up some daily/weekly charts. Now I'm not sure what series of indicators you use, presumably one from each of the key four 'sets'. After a move like this on euro and yen you must wait until all conditions are met to reverse, it really is that simple. If you're a trend trader, which is all most retail traders should be, it could be weeks for a high prob short set up to occur.

Quoting Dr.Zain
Dragon what you see Euro still bullish? or it will retrace>
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
Quoting Dr.Zain
Dragon what you see Euro still bullish? or it will retrace>

Dr. Zain,

I see EUR/USD going for 1.4067 before sanity returns to the market, however I will prefer to wait, I can't buy at this level..let SNB and BOJ have it all....
There is always a price for promises you don't keep!
  •  Guest
  • | IP XXX.XXX.2.104
At the end of the day, let's not forget that this is going to be a double whammy for European exporters vis-a-vis their US competitors (e.g Airbus Vs Boeing) due to currency differential.
So that begs the question : who's buying all these Euros ?
1.3700 go short/monday , 1.3590 go long
Quoting Spreadbetter
Pull up some daily/weekly charts. Now I'm not sure what series of indicators you use, presumably one from each of the key four 'sets'. After a move like this on euro and yen you must wait until all conditions are met to reverse, it really is that simple. If you're a trend trader, which is all most retail traders should be, it could be weeks for a high prob short set up to occur.
Quoting DragonFire
Dr. Zain,

I see EUR/USD going for 1.4067 before sanity returns to the market, however I will prefer to wait, I can't buy at this level..let SNB and BOJ have it all....
Thanks both of you, i am Trend trader almost!!!
Drago is right. If you really want to short - at least wait around 1.4xx. Or if you short now - use small stops and quickly secure "zero" profit with SL on the dip - if it is the reverse - you win, if not - you will be zero profit and try again later. Risk is very minimal - I call it the "fail attempt series" - it need to succeed just once to get nice 1000+ pips "swing" trade.
  •  Guest
  • | IP XXX.XXX.236.188
Quoting michaelpelly
Drago is right. If you really want to short - at least wait around 1.4xx. Or if you short now - use small stops and quickly secure "zero" profit with SL on the dip - if it is the reverse - you win, if not - you will be zero profit and try again later. Risk is very minimal - I call it the "fail attempt series" - it need to succeed just once to get nice 1000+ pips "swing" trade.
nice now someone share my view. who said if you wanna swing for 1000++ pips you need to have risk big. what you really need is balls and instinct and good eyes for possible reversal. it works for me which many doubt me if i can pull it off. I was called crazy from time to time. again this will come with experience. please dont do it at home lol
  •  Guest
  • | IP XX.XXX.215.222
Remember Soros recommendation to sell EURO$, due to the never ending sovereign debt crisis? Fact is debt or no debt, the whole world is printing more and more of their currency, except for the EZ...
Well on that basis you've got to sit on your hands. Also be mindful that when a correction comes it's unlikely to follow the parabolic move we've witnessed.

Quoting Dr.Zain
Thanks both of you, i am Trend trader almost!!!
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
Still Bullish, I love Euro
  •  Guest
  • | IP XXX.XX.169.166
Quoting Guest
Remember Soros recommendation to sell EURO$, due to the never ending sovereign debt crisis? Fact is debt or no debt, the whole world is printing more and more of their currency, except for the EZ...
wont last forever, and soros recommendation will be true eventually. just have to have deep enough pockets to heed soros recommendation
If a rich man tells you the key trading points, you will get his money! Don't believe these news.
Green more than 60 pips
Quoting Fx-gtg
Selling selling . sold!
Tp 1 1.3650
Tp 2 1.3490
The momentum just can't be stopped. USD and JPY are known to weaken their currencies. And don't ask about GBP. EUR is still cheap enough to buy. But don't take it for granted. There is up and down. Just the timing.
I'd be careful with becoming too carried away with statements such as this momentum can't be stopped. Surfs up atm but what we're witnessing is not abnormal. A new 'normal' and equilibrium will be reached. The euro's rise is a direct consequence of other monetary policy experiments and failures and through OMT the ECB has kept most of its powder dry, the return of risk on sells dollars. The eurozone still has massive issues that can only be kept at bay by OMT. Should be an exciting year for fx for all the wrong reasons

Quoting frx_trader
The momentum just can't be stopped. USD and JPY are known to weaken their currencies. And don't ask about GBP. EUR is still cheap enough to buy. But don't take it for granted. There is up and down. Just the timing.
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
  •  Guest
  • | IP XX.XX.26.143
Is Germany capable of carrying the rest of Europe, The US, China and Japan?
The stronger the Euro the harder for one Exporting country to bear the burden.

Are the Spanish willing to suffer another year of 26% official unemployment without someone getting shot?

Euro is hardly on solid ground.
Quoting Spreadbetter
I'd be careful with becoming too carried away with statements such as this momentum can't be stopped. ......
The train just keeps going and going and going until it crashes. LOL. I think China is a big impact atm. USD, should be forgotten. Euro is next. And don't talk about GBP. JPY, well, it's ....
Quoting Spik
That's what usually happens. Or if you buy at the right time, there is surely a well-timed mini dip just to freak you out of position - just to see it soar after getting out. Usual stuff. What i have to learn in such markets, is how to stay in trade after some profit is gained, instead of chickening out.

In forex you learn non-stop.
If you want to stay in position for long enough to profit well, just stop using the hourly charts. In fact for the last 4 months the daily charts were useless, too. So start using the weekly and monthly charts with a more disciplined money management and roll the coaster... That's how the old dogs trade patiently and get wealthy!
The greatest risk in life, is not taking one!
Lol all comments are so funny....that's why 90% of retail trader lose their money

"fear to be success" & "too hurry to be rich"....that is the 90% of the retail trader (the loser)
Dangdut is a music of my country
i think euro will bearish on monday/tuesday , after that it will again bull...........ish
  •  Guest
  • | IP XX.XX.140.241
TIP:
EURUSD 1.48 in 3 months
EURUSD 1.63 in 6 months
USDCAD 0.96 in 3 months
USDCAD 0.91 in 6 months
DOW 16,000 in 6-12 months
and then the correction comes
Quoting DragonFire
EUR has gone bananas....who is making a lot of money from EUR? eur/jpy up almost 3000 pips in six months, eur/usd up almost 1600 pips in six months...hard to understand but its true....if I knew I could have been a billionaires by now...I got stopped and stopped and stopped...made a lot on EUR but got absorbed again and again...I could have only stalked up my head for ONLY EURO when it was eur/usd 1.2100 and eur/jpy at 95.00. I can't buy it at this level...unless there is something Mr. Market is not telling some of us.....

If I tell u again we (euro bulls) are going to 1.4300 on eur/usd will u believe? Check wkly chart. No matter the reversal i cant lose now cos my sl has already protected my profits. For now buy eur/usd on dips all the way. Goodluck.
Quoting sammyjayyy
If I tell u again we (euro bulls) are going to 1.4300 on eur/usd will u believe? Check wkly chart. No matter the reversal i cant lose now cos my sl has already protected my profits. For now buy eur/usd on dips all the way. Goodluck.
sammyjayyy,

So far EUR has no challenger or opposing forces; so long as EC and eurozone officials keep their mouths shut the rally will continue. My fear for the EUR rally is that some misguided eurozone officials especially from German will come out questioning the value of EUR against its peers. When you look at the charts, it seems to me EUR rally is not about RISK on or RISK OFF trade but the determination of "eur bull gangs" to move it 1000 pips more than its tangible equilibrium against its peers and then crash it back to 1.3000 support. I won't be surprise if EUR/USD captures 1.4300 in the next couple of weeks.
The only question is how far can it go? Is eur/jpy going for 150.00 plus or eur/usd is going for 1.5000 plus? one should be the correct answer and your guess is as good as mine!!!
There is always a price for promises you don't keep!
I'm taking full advantage of strong currencies against Yen. Buying every opportunity in intraday technical.
The trend of decline in the yen is too solid, the currency war is getting sharp and Japan's central bank is aggressive!
Quoting ssshhhh
I'm taking full advantage of strong currencies against Yen. Buying every opportunity in intraday technical.
The trend of decline in the yen is too solid, the currency war is getting sharp and Japan's central bank is aggressive!
actually jpy's central bank has only done rhetoric so far. only words. no real action until 2014
Quoting DragonFire
sammyjayyy,
eur/usd is going for 1.5000 plus? one should be the correct answer and your guess is as good as mine!!!
looks like 140s seems upper limit for now. it has too many fundamental problems to get higher.

if 140s is the upper limit, i think a few ranging weeks is quite possible, as it is near 137 already.
Yes Halba, we know that words can impact the market more than the fact
Quoting ssshhhh
Yes Halba, we know that words can impact the market more than the fact
yup also the EUR was protected from falling to parity, because of words from mario draghi and other staff..threatening unlimited purchase(OMT) of distressed sovereign bonds...but he hasn't bought a single bond in practise..
Good (the way Emperor told lord Vader) :-). Let it come to 1.40-42. We need to prepare heavy bear axe in the back pockets for nice swing trade all way down to 1.25xx :-).

Just do not forget - shallow stops, close attention and quick secure zero profit on dips until train reverses.
Quoting FX_Scroll
eur/usd is very bullish, possible to 1.4 ?
yeah is possible because there is not sign from USD to show that the economy is getting better
Quoting Gpp
i think euro will bearish on monday/tuesday , after that it will again bull...........ish
it may not be possible. just look at the history on day and 4 hours chart very well and see how the bullish and the bearish (reverse) goes and you will observe that the bearish you are talking about have just happened within Wednesday and thursday..................so be carefull boo
"""""SELL!! SELL!!! selling time on monday. sell GBP/USD, GBP/CAD and GBP/JPY BY 8:00 am G.M.T """""BUY!! BUY!!! buying time on monday, buy USD/CHF and CAD/CHF"""""""".
::::::::::::::::::::::::::GOODLUCK TRADER::::::::::::::::::::::::::::::::::::::::::::::::::::
The principle of momentum is something will keep moving in the same direction, unless bigger momentum in reverse direction.

So any news less than the momentum, cannot produce reversal. It has enough momentum at least to reach 1.4. Unless bigger momentum in reverse.
I will wait the EU at least 1.38 and EJ to 130 only decide take profit & change my plan.. Too tired with wait short signal..
Quoting cm C
"""""SELL!! SELL!!! selling time on monday. sell GBP/USD, GBP/CAD and GBP/JPY BY 8:00 am G.M.T """""BUY!! BUY!!! buying time on monday, buy USD/CHF and CAD/CHF"""""""".
::::::::::::::::::::::::::GOODLUCK TRADER::::::::::::::::::::::::::::::::::::::::::::::::::::
Yeah good luck, i do the opposite :">
Quoting love.l0ve
Yeah good luck, i do the opposite :">
Good luck too
Quoting Fx-gtg
Selling selling . sold!
Tp 1 1.3650
Tp 2 1.3490
nice ride. reach tp2 and i am happy
  • New Comment
  •  Guest
  • | IP XX.XXX.131.158
Join FF
  • Story Stats
  • Posted: Feb 1, 2013 11:19am
  • Submitted by:
     Newsstand
    Category: Medium Impact Breaking News
    Comments: 58  /  Views: 7,324