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  • Euro pops through 1.14 in a quick move

    From forexlive.com

    The euro ran stops above yesterday’s high of 1.1362 in a quick 40-pip rally. The move was entirely stop driven. I noted yesterday that the euro must be a Seattle Seahawks fan because it fell 1 pip short of that level. That helped to cluster buy stops there and more were above other recent highs stretching up to 1.1382.

what the hell happened?
Another forexlive crap! I wonder why people react on such bullshit like this "breaking news" , everyone who is watching the pair can see without this moda fukaz posting their crap
Well, the world is short EUR now...I suppose a little stop loss hunting to kick out the weak shorts was on the cards.
http://www.forexfactory.com/showthread.php?p=8042659#post8042659
Best time for going short on EU(61.8% retraced).
Without an edge MM is useless!
Quoting Yossuan
what the hell happened?
It was know that was so much stops in the area 1.1420 and 1.1480 wait until to go shorto this area maybe to 1.1520
Looks like some FF specialist lost a bit.
Quoting Yossuan
what the hell happened?
Don't worry, maybe next time you will be right;b
increase in the price of the currency pair EUR / USD is only temporary, because fiscal policy on Greek debt decision which will be completed soon. but if the price through on 1.6 might be this is turning point of euro
Tommy Sutanto
Shootingstar77 All Time Pips: -41
What's the news that's causing EUR to jump so much? There's been nothing concrete so far besides the trioka issue.
USD/CAD seems to be moving nicely along with oil.
Quoting Tomz27
increase in the price of the currency pair EUR / USD is only temporary, because fiscal policy on Greek debt decision which will be completed soon. but if the price through on 1.6 might be this is turning point of euro
No valm people the long and medium term is bearish, sometimes the big finger, pop-up the pair for recharge short position, nothing is change for now.
A-a-a-and let the "f...." comments begin now! :-)

The symphony of all collective shorts :-).
Quoting michaelpelly
A-a-a-and let the "f...." comments begin now! :-)

The symphony of all collective shorts :-).
Dr. symphony maybe if you have a better explication you can "illuminate" us no?
this will go another 200 -300 pips up..
FXStreet (Córdoba) - EUR/USD pushed higher and briefly rose above the 1.14 mark at the beginning of the American session, amid comments about Greek debt situation.....does it really that much matter? all R broken...dont know how many buddies lost their fund
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Quoting gustavhunter
Well, the world is short EUR now...I suppose a little stop loss hunting to kick out the weak shorts was on the cards.
Actually it is a turn. What you would call a reversal in technical analysis - I see it more as a phase up the current TF-2 cycle at least at this point - there is as such time before most (not employing fractal geometry and chaos to trade) realize this. This is simply because a turn at this stage involves MN changing course and you know what they say about a big ship turning. In any case that is the picture cheers and I would not hold on to long-term shorts at this point . So becareful.
Quoting lankaBUWA
this will go another 200 -300 pips up..
You think it's finally will get correction begin soon ?
i don't dare to short ..already trigger..let seeeeeeeeeeeee what next..
Say something meaningful or Silence!!
bullish Morning Star:
http://www.dailyfx.com/forex/technical/home/analysis/eur-usd/2015/02/03/dailyclassics_eur-usd.html?DFXfeeds=forex%3Atechnical%3Ahome%3Aanalysis%3Aeur-usd&CMP=SFS-70160000000OKG2AAO
Without an edge MM is useless!
big trends never change. its could be probably trick from Hedge....
ALEX CHEW
Best point to short EUR
Quoting Tomz27
increase in the price of the currency pair EUR / USD is only temporary, because fiscal policy on Greek debt decision which will be completed soon. but if the price through on 1.6 might be this is turning point of euro

This is no longer valid ,every Big giant's utlize the Greek deal of their short covering ,so they again Down Rock the EU ,next step ,so don't panic it will Damm Sure Down Beat within a days.
Quoting Lamira
You think it's finally will get correction begin soon ?
The correction have started from 1.1095 level, but correction not trend chenge, you can see in the dayli chart many trend line break with a fake-out by 20/50 pips then.... came back to the original trend, for reversal we must wait more pips up. Maybe i don't belive it. not for now in this situation
This is USD driven.
Quoting cecchino
The correction have started from 1.1095 level, but correction not trend chenge, you can see in the dayli chart many trend line break with a fake-out by 20/50 pips then.... came back to the original trend, for reversal we must wait more pips up. Maybe i don't belive it. not for now in this situation
You are right, but I'm talking about real big correction. .. what we didn't had sense may.
Quoting oladinpeter
Best point to short EUR
absolutely correct ! good entry point
ALEX CHEW
correction come in.. wait for good position to short again
stiil wary because the fed will increse base rate soon
Quoting Lamira
You are right, but I'm talking about real big correction. .. what we didn't had sense may.
Yes i undestand what you say, but i don't think there are a beautful real correction, situation in europe is very danger then all head of state in EU ok without Germany, wanrt the parity with the dollar, Logic personal opinion i not wait a big big correction for now but not short the euro at this level there are room for another legs up before recherge position short.
Quoting cecchino
Dr. symphony maybe if you have a better explication you can "illuminate" us no?
I'm only long on Euro, preferably with no leverage - sell dollars for euro and then swap in 12 months for cheaper dollars again. Would never short the euro bellow 1.24 for dollar. Trading retail EUR/USD with 30-50 pips stop loss is guaranteed fail.
Quoting michaelpelly
I'm only long on Euro, preferably with no leverage - sell dollars for euro and then swap in 12 months for cheaper dollars again. Would never short the euro bellow 1.24 for dollar. Trading retail EUR/USD with 30-50 pips stop loss is guaranteed fail.
Oh yes that's is true, me too not hunt 30/40pips i only trade with medium and long term. Nut for mre it's indifferent short o long the euro where i see a possibie and interesting profit entry in position, with adeguate stop (huge Stop).
Watch this USD unemployment claims number come out red thursday....
The coincidental success is more dangerous than the expected failure
This week there are many news from the USA like Non-Farm employment change Unemployment rate friday, all can happened if this value disappoint.
i dont understand about the news. anybody know how to study fundamental? please advice..or share link for me to study fundamental. Thank
its a great place to fill orders, b ecause of the number of shorts up here with stops. This is what forex is all about, if you got hammered, then you still have a lot to learn about trading.
Read the candles! (eur/usd) A sell at 1.1460 should be a solid 300 pip gain before the day is over. Happy trading!
the first stop is at 1.1550
Quoting cecchino
Yes i undestand what you say, but i don't think there are a beautful real correction, situation in europe is very danger then all head of state in EU ok without Germany, wanrt the parity with the dollar, Logic personal opinion i not wait a big big correction for now but not short the euro at this level there are room for another legs up before recherge position short.
Yeah.... you just speaking my thoughts. . Scalping is the solution for now
Quoting Candleseer
Read the candles! (eur/usd) A sell at 1.1460 should be a solid 300 pip gain before the day is over. Happy trading!
I don't know what you smoking, but I want the same!
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Be about a week before anyone can call this a trend change. I'll wait 2 weeks before I stop looking for short plays
Just breakout of descending triangle which was buiding up last 3 days
Quoting Alexeii
I don't know what you smoking, but I want the same!
Puff, puff, give ... .
Fireworks are fun ... as long as you don't blow your fingers off.
Quoting Candleseer
Read the candles! (eur/usd) A sell at 1.1460 should be a solid 300 pip gain before the day is over. Happy trading!

I can see why you picked that one but far better to wait for it to run out of steam first
Yes Mike. I was a wee bit hasty, have a 315 pip drawback so far, but not worried. It's losing steam and should progress lower fairly fast.
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Big Money is looking to take out 1.1540. With Thu and Fri US data it woudn't surprise me if this week's candle turns into a shooting star. Think I'll trade CADJPY for the rest of this week
now is good time for from 1.15 to 1.08 sell of in euro
this 1.08 is bottom of 2015 i think .
is the pure technical explanation,does not wait any usually stupid news , all can begin from asian session consistently volatile,how can think of that ,,, follow to be continued
go go go shot...
Quoting Yossuan
what the hell happened?

Adam got this completely wrong in this article.

Euro pops through 1.14 in a quick move
February 3rd, 2015 13:34:51 GMT by Adam Button
http://www.forexlive.com/blog/2015/02/03/euro-pops-through-1-14-in-a-quick-move/

Adam says "The move was entirely stop driven."

.............................................................................................


Wrong !!! The real reason most likey was the positive euro news on the Greek debt crisis. Mentioned by lan in the EURUSD thread web page 47839 Feb 3, 2015 8:42am est.

See
Greek stocks surge 11%, lifting Europe shares as debt jitters ease
Published: Feb 3, 2015
http://www.marketwatch.com/story/european-stocks-rally-as-greece-debt-jitters-ease-2015-02-03?link=MW_home_latest_news
May the Forex be with you.
Oh boy. That was certainly a ride. After a dreadful drawback I did not make my 300 pips but picked up 180. I'm going to reanalyze what's happening here for awhile.
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  • Story Stats
  • Posted: Feb 3, 2015 8:37am
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 49  /  Views: 14,866