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  • #7,241
  • Apr 24, 2008 10:38pm Apr 24, 2008 10:38pm
actually just as a side question - which pair is most strongly linked with EUR/USD? I like the US/Jap pair as well as cable.
  • #7,242
  • Apr 24, 2008 10:40pm Apr 24, 2008 10:40pm
Quoting Caliente
actually just as a side question - which pair is most strongly linked with EUR/USD? I like the US/Jap pair as well as cable.
aud/usd
  • #7,243
  • Apr 24, 2008 10:45pm Apr 24, 2008 10:45pm
cheers
  • #7,244
  • Apr 24, 2008 10:45pm Apr 24, 2008 10:45pm
Quoting Caliente
actually just as a side question - which pair is most strongly linked with EUR/USD? I like the US/Jap pair as well as cable.
usdchf is a mirror of eurusd and probably has the highest correlation out of all the pairs.
  • #7,245
  • Apr 24, 2008 10:55pm Apr 24, 2008 10:55pm
Quoting Caliente
USD/JPY pair trending down strongly - should see a few pips form for EUR/USD long.
Tokyo goes to lunch from 11 to 12:30, be careful to not see a trend where there's really just no volume. It will often wake up with a vengeance around now.

But with EU and GB news out later, i think more of the same. Paint drying mode...
FUBAR...
  • #7,246
  • Apr 24, 2008 10:55pm Apr 24, 2008 10:55pm
Quoting zoopy
usdchf is a mirror of eurusd and probably has the highest correlation out of all the pairs.
That one too... Aud/Usd is like a Mini-Euro/Usd. If you look real close
  • #7,247
  • Apr 24, 2008 11:06pm Apr 24, 2008 11:06pm
Quoting ak4x
Tokyo goes to lunch from 11 to 12:30, be careful to not see a trend where there's really just no volume. It will often wake up with a vengeance around now.

But with EU and GB news out later, i think more of the same. Paint drying mode...
Da central bank of switzerland auctioned off 6 Billion US dollars today, and ironically CHF was the weakest link of them all, with USD being biggest gainer. Even though EUR/USD went down, EUR/CHF went up. I am curious if there is going to be a huge reversal or more of the same. I'm convinced the auction had something to do with this rally.
  • #7,248
  • Apr 24, 2008 11:07pm Apr 24, 2008 11:07pm
Quoting Fx_Genius
I think now is the time to wait for a VERY CLEAR SIGNAL.

Monthly: Broke out of top of fork, at best will only move sideways.
Weekly: Tops following top fork but open/close sideways, no retrace as such (Same fork from monthly).
Daily: (New fork) Shows widening but still up trend with slight up tick at the end.
Daily Sideways: Bottom range - Nov 2007 to Feb 2008 300 pip range but clearly sideways.
Top range - March to current 700 to 500 pip range and we are down 300 at the moment from top.

Where will it go?
Long term: (1-3 months) Up, the US economy is not finished dropping and EU hasn't caught up with all the economic problems.
Mid term: (month) Sideways in 500 pip range.
Short term: (1-2 weeks) No flipping idea.

There are a ton of longs out there sitting in the hole from 1.6 down and a lot of shorts waiting to be filled just under 1.6 and an odd spike at just under 1.61.

As much as I am tempted to get in long at 1.5700 I will be waiting for a clear signal. I could be way off with my charts, but it is what I see.

Happy trading, I'm out for a while.
Good stuff Fx_Genius, I practically feel the same way...
  • #7,249
  • Apr 24, 2008 11:15pm Apr 24, 2008 11:15pm
like a rubber band around this 1.57 level... this is boring me. Still waiting for a break...
  • #7,250
  • Apr 24, 2008 11:40pm Apr 24, 2008 11:40pm
Quoting Caliente
like a rubber band around this 1.57 level... this is boring me. Still waiting for a break...
more fun to scalp buy n sell,
no clear signal rite now
  • #7,251
  • Edited 12:29am Apr 25, 2008 12:16am | Edited 12:29am
waiting for break or bounce of M2 daily pivot @ 5659... or not.

Broke below and holding near 5:00pm open of 5680 so far. Pondering this being in anticipation of news in a couple hours.
Attached Image
FUBAR...
  • #7,252
  • Apr 25, 2008 12:19am Apr 25, 2008 12:19am
and here we are - back towards 1.57 again
  • #7,253
  • Apr 25, 2008 12:23am Apr 25, 2008 12:23am
Quoting Caliente
and here we are - back towards 1.57 again
I think we need London.
  • #7,254
  • Apr 25, 2008 12:37am Apr 25, 2008 12:37am
still no clear signal up n down..
do not know whether today should go long or short..
good for scalper i think

PS: maybe i go to short
  • #7,255
  • Apr 25, 2008 12:38am Apr 25, 2008 12:38am
Quoting Clouds
Da central bank of switzerland auctioned off 6 Billion US dollars today, and ironically CHF was the weakest link of them all, with USD being biggest gainer. Even though EUR/USD went down, EUR/CHF went up. I am curious if there is going to be a huge reversal or more of the same. I'm convinced the auction had something to do with this rally.
Are you saying that the auction of USD by switzherland caused USD to rally against chf yesterday? It doesn't make sense to me. Can you please explain to a newbie? where do you think the usdchf pair will go in the short term, i.e. on Friday?
Expected the unexpected
  • #7,256
  • Apr 25, 2008 12:41am Apr 25, 2008 12:41am
Quoting scyang
Are you saying that the auction of USD by switzherland caused USD to rally against chf yesterday? It doesn't make sense to me. Can you please explain to a newbie? where do you think the usdchf pair will go in the short term, i.e. on Friday?
They were auctioning off dollars, to whoever would pay the highest price. I can't really explain why I think it had an affect on CHF and USD, but 6 Billion moves markets. I don't know, maybe usdchf going south, (it's just a guess, I'm new too)
  • #7,257
  • Apr 25, 2008 12:43am Apr 25, 2008 12:43am
This is a market made up of speculation. Yes you can have indicators, but indicators do just that. They indicate where something should end up. Indicators are also a reaction to price movement. Price movement is caused by traders. Traders speculate on what the market may or may not do. Having said that, here is something else to speculate on. The possibility exists that some smart money may lead to believe that the U.S economy is about to push ahead full steam being that the sold called stimulus checks are to start going out next week. Just something to consider. I'm out!
All that is left in FF is just plain garbage. "Cloggie"
  • #7,258
  • Apr 25, 2008 12:44am Apr 25, 2008 12:44am
Quoting Clouds
I think we need London.
There's medium impact news at 2est, london open at 3est, news again at 4est, and major GB news at 430est. Unless EU news is unexpected, my pips are on the GDP release. That one will shake all kinds of things loose one way or the other methinks.

Stops and trailers set on open shorts. Going to catch a nap.
FUBAR...
  • #7,259
  • Apr 25, 2008 12:51am Apr 25, 2008 12:51am
News:
EUR/USD (1.5683)
European & US sessions forecast levels: 1.5605/1.5770
Trend Sessions: European: Neutral
US: Neutral
Market Focus: 10:00 AM Michigan Sentiment-Rev, 2:00 AM German Import Price Index, M3 Money Supply.
Daily Strategy: The dollar continues to gain against the euro. The dollar was supported by the worse than expect Germany Ifo Business expectations and some comments of key economists from Europe. But the data for the US economy remain too worse. The New Home Sales for March is again with new poor result. Having a mind that the situation in the US economy remain worse and the bottom is not reached we can say that the dollar recovery is temporary. In near term we expect to see levels of 1.60 again. The potential of the dollar recovery is still few days when the tendency from this week will end.

Any Comment guys
  • #7,260
  • Apr 25, 2008 12:58am Apr 25, 2008 12:58am
Quoting Ultraman
News:
EUR/USD (1.5683)
European & US sessions forecast levels: 1.5605/1.5770
Trend Sessions: European: Neutral
US: Neutral
Market Focus: 10:00 AM Michigan Sentiment-Rev, 2:00 AM German Import Price Index, M3 Money Supply.
Daily Strategy: The dollar continues to gain against the euro. The dollar was supported by the worse than expect Germany Ifo Business expectations and some comments of key economists from Europe. But the data for the US economy remain too worse. The New Home Sales for March is again with new poor result. Having a mind that the situation in the US economy remain worse and the bottom is not reached we can say that the dollar recovery is temporary. In near term we expect to see levels of 1.60 again. The potential of the dollar recovery is still few days when the tendency from this week will end.

Any Comment guys

2:00pm EURhttp://www.forexfactory.com/images/m...act_medium.gifGerman Import Price Index m/m
http://www.forexfactory.com/images/m...etail_down.gif
0.7%1.1%


DescriptionMeasures the monthly rate of inflation for imported goods.
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