EURUSD | Page 164 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #3,261
  • Dec 14, 2007 11:07am Dec 14, 2007 11:07am
Quoting ScottH
1.4150. anyone else see this?
After a retest of 1.4500
Patience + Humility + Study = Success
  • #3,262
  • Dec 14, 2007 11:11am Dec 14, 2007 11:11am
Frankly, the fundamentals do not support a move to 1.4150. Not with the current account deficit + TCI Securities report (both due out on Monday) and with a optional interest rate increase by the ECB.

rudenstein
  • #3,263
  • Dec 14, 2007 11:21am Dec 14, 2007 11:21am
Quoting rudenstein
Frankly, the fundamentals do not support a move to 1.4150. Not with the current account deficit + TCI Securities report (both due out on Monday) and with a optional interest rate increase by the ECB.

rudenstein

Noted. I only trade tech, trying to get a better grasp of the fundies.
  • #3,264
  • Dec 14, 2007 11:37am Dec 14, 2007 11:37am
Nothing is impossible in FX. Fundamentals and strength of currency do not always agree. If the charts say that it is going to reach that level, go ride on it until it reaches there. If not, so be it.
  • #3,265
  • Dec 14, 2007 12:47pm Dec 14, 2007 12:47pm
NEW UPDATE EU H1

http://i76.photobucket.com/albums/j1...UH115dec07.jpg

GOOD LUCK
DEBTFREEDOM
  • #3,266
  • Dec 14, 2007 1:26pm Dec 14, 2007 1:26pm
Well, well!

Sorry for forseeing this fall only to the 1.45 level. I mean, more like, sorry for telling you only that much. I have made a good 27% on this fall since Wednesday night when I mentioned this to you.
Nobody believed me, yet I was right. Just as I was right last week when I posted, that USD/Yen trend is already reversed, and will go all the way to 118... area. Just watch it. Although very few times I mention when exactly a pair will reach a certain level...
Somebody have mentioned here that a good trader never predicts the market. And that person was right. Good traders forsee the market, and that is how they make their furtune. Prediction means 50% chance right only.
Anyway, have fun, and have a great weekend.
The greatest risk in life, is not taking one!
  • #3,267
  • Dec 14, 2007 1:31pm Dec 14, 2007 1:31pm
Thanks for being right.

Quoting attrium
Well, well!

Sorry for forseeing this fall only to the 1.45 level. I mean, more like, sorry for telling you only that much. I have made a good 27% on this fall since Wednesday night when I mentioned this to you.
Nobody believed me, yet I was right. Just as I was right last week when I posted, that USD/Yen trend is already reversed, and will go all the way to 118... area. Just watch it. Although very few times I mention when exactly a pair will reach a certain level...
Somebody have mentioned here that a good trader never predicts the market. And that person was right. Good traders forsee the market, and that is how they make their furtune. Prediction means 50% chance right only.
Anyway, have fun, and have a great weekend.
Patience + Humility + Study = Success
  • #3,268
  • Dec 14, 2007 1:49pm Dec 14, 2007 1:49pm
This retracement is like to be finished, i dont know you guys but i am longing now.

a trend never goes in 1 direction.
less this pair with so much political pressure, i have seen this thing 2 times
and how it gets into an indecition zone, then backfires like crazy.

also usa does not have the fundamentals. today were some kind of rush of the market, also many big retailers have closed short positions.
  • #3,269
  • Dec 14, 2007 2:03pm Dec 14, 2007 2:03pm
well make the most of your crystal ball. You sound like the kind of guy that would shake a fistful of dollars at a beggar saying "look at my wad!"

Tell you what, I "foresee" EUR will fall to 1.4 by xmas. Think everyone will call me a hero if I "guess" right?

Quoting attrium
Well, well!

Sorry for forseeing this fall only to the 1.45 level. I mean, more like, sorry for telling you only that much. I have made a good 27% on this fall since Wednesday night when I mentioned this to you.
Nobody believed me, yet I was right. Just as I was right last week when I posted, that USD/Yen trend is already reversed, and will go all the way to 118... area. Just watch it. Although very few times I mention when exactly a pair will reach a certain level...
Somebody have mentioned here that a good trader never predicts the market. And that person was right. Good traders forsee the market, and that is how they make their furtune. Prediction means 50% chance right only.
Anyway, have fun, and have a great weekend.
TRADE FOR SWAP
  • #3,270
  • Dec 14, 2007 3:46pm Dec 14, 2007 3:46pm
Quoting cgldsmth
well make the most of your crystal ball. You sound like the kind of guy that would shake a fistful of dollars at a beggar saying "look at my wad!"

Tell you what, I "foresee" EUR will fall to 1.4 by xmas. Think everyone will call me a hero if I "guess" right?
lol, I hate to agree with any type of argument, but cgld is right. There is no need to boast when your in this business. When you start to do that, that's when it all falls down- believe me, I've been there and done that.
I dream, therefore I become.
  • #3,271
  • Dec 14, 2007 3:51pm Dec 14, 2007 3:51pm
Quoting Schminner
Is this a correction or a trend reversal ??
of course the reversal that i am waiting for....say bye bye to 1.4...we heading to 1.3xx
{Link Removed}]
  • #3,272
  • Dec 14, 2007 3:52pm Dec 14, 2007 3:52pm
Quoting kenari05
of course the reversal that i am waiting for....say bye bye to 1.4...we heading to 1.3xx
Lovely, then it's time to dump my opened longs ....
  • #3,273
  • Dec 14, 2007 3:53pm Dec 14, 2007 3:53pm
Quoting Schminner
Lovely, then it's time to dump my opened longs ....

It won't go to 1.3XXX no way.
  • #3,274
  • Dec 14, 2007 5:25pm Dec 14, 2007 5:25pm
Quoting cgldsmth
well make the most of your crystal ball. You sound like the kind of guy that would shake a fistful of dollars at a beggar saying "look at my wad!"

Tell you what, I "foresee" EUR will fall to 1.4 by xmas. Think everyone will call me a hero if I "guess" right?

Well, and you sound like the guy, who lost some pips today, and very envy of others. I rarely post around here, and when I do, it's because I try to help others. Though I never say anyone should fallow me.
So instead of looking down on others, maybe you should listen to those with more experience, or knowledge. Or to those who tend to look at the big picture, before they make a decision.
But you know what, I won't make anymore posts here to this topic. Maybe that way you won't have to envy anybody, and you'll stay happy for the rest of your life.

P.S.: I never feed beggars on the street, so when you get there don't expect for any pocket change from me.
Happy Holidays to Everyone!
The greatest risk in life, is not taking one!
  • #3,275
  • Dec 14, 2007 7:18pm Dec 14, 2007 7:18pm
Quoting leo9
It won't go to 1.3XXX no way.
I hope not, but then again this is forex and nobody knows where it will go ...
  • #3,276
  • Dec 14, 2007 7:54pm Dec 14, 2007 7:54pm
Quoting Schminner
I hope not, but then again this is forex and nobody knows where it will go ...
That is the most factual thing I have read yet on these boards.
  • #3,277
  • Dec 15, 2007 11:18am Dec 15, 2007 11:18am
The biggest mistakes I have made in my longterm trades have obviously been dumping longs when I hastily misinterpreted a correction as a reversal.
I'm getting the same feeling now with the Euro. Yes, it was overvalued, and yes, it makes sense that it has quickly fallen to 1.44.
It may drop more towards 1.40, but at that price, it will be quite an appealing buy, and will resume the longterm uptrend, especially considering the fundamentals.
  • #3,278
  • Dec 15, 2007 11:22am Dec 15, 2007 11:22am
Quoting falcon232
The biggest mistakes I have made in my longterm trades have obviously been dumping longs when I hastily misinterpreted a correction as a reversal.
I'm getting the same feeling now with the Euro. Yes, it was overvalued, and yes, it makes sense that it has quickly fallen to 1.44.
It may drop more towards 1.40, but at that price, it will be quite an appealing buy, and will resume the longterm uptrend, especially considering the fundamentals.

I agree that this current fall is a correction and it will resume the uptrend at some point, however I will continue holding my shorts until signals are given that the reversal is over. I'm not willing to say it will turn at 1.4, only that it will eventually head back up.
The basis of a democratic state is liberty. ~ Aristotle
  • #3,279
  • Dec 15, 2007 11:25am Dec 15, 2007 11:25am
For whats it worth I read an article on Bloomberg yesterday and two analysts both predicted the EUR/USD will continue the fall well into next year. Some even said it would be at 1.4000 by the end of 2008.

The word is the subprime crisis might hit Europe harder than expected and the U.S. not as bad as expected.

Here is the quote:

"The U.S. currency will reach $1.45 per euro by the end of March and $1.40 by the end of 2008, according to the median forecast of 44 economists in a Bloomberg survey" (Obviously before yesterday but its the median- half over and half under)

"At a time when billionaire investors such as Warren Buffett and Bill Gross want nothing to do with the dollar, a growing number of firms including Deutsche Bank AG, the world's largest currency trader, say the stage is being set for a rally in 2008"

The link: http://www.bloomberg.com/apps/news?p...efer=worldwide
"Its not where your at, but where your coming from"
  • #3,280
  • Dec 15, 2007 11:33am Dec 15, 2007 11:33am
Quoting athalon7
For whats it worth I read an article on Bloomberg yesterday and two analysts both predicted the EUR/USD will continue the fall well into next year. Some even said it would be at 1.4000 by the end of 2008.

The word is the subprime crisis might hit Europe harder than expected and the U.S. not as bad as expected.

Here is the quote:

"The U.S. currency will reach $1.45 per euro by the end of March and $1.40 by the end of 2008, according to the median forecast of 44 economists in a Bloomberg survey"

"At a time when billionaire investors such as Warren Buffett and Bill Gross want nothing to do with the dollar, a growing number of firms including Deutsche Bank AG, the world's largest currency trader, say the stage is being set for a rally in 2008"

The link: http://www.bloomberg.com/apps/news?p...efer=worldwide
I wouldn't rely on that page for longterm trading ideas. The forecasts are never accurate and significantly change from day to day.
3,722 traders viewing now