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EURUSD

  • #7,261
  • Apr 25, 2008 1:02am Apr 25, 2008 1:02am
I wouldn't trust what happens today much, Friday...
On the path to Enrichment.
  • #7,262
  • Apr 25, 2008 1:06am Apr 25, 2008 1:06am
so much for German news to move this much -
Pip what you see; See what you pip!
  • #7,263
  • Apr 25, 2008 1:09am Apr 25, 2008 1:09am
Quoting SeerEye
so much for German news to move this much -
Let them get their coffee and get settled in.
  • #7,264
  • Apr 25, 2008 1:10am Apr 25, 2008 1:10am
maybe we have to wait a bit longer for the postive effect to flow through...?
  • #7,265
  • Apr 25, 2008 1:13am Apr 25, 2008 1:13am
Quoting Clouds
Let them get their coffee and get settled in.
Kinda like what I'm doing right now -

lol -
Pip what you see; See what you pip!
  • #7,266
  • Apr 25, 2008 1:14am Apr 25, 2008 1:14am
Quoting Caliente
maybe we have to wait a bit longer for the postive effect to flow through...?
Is this a positive report for euro? I thought the number shows inflation is below expectation so ECB shouldn't worry too much about inflation and should instead focus on the economy, given that ifo report was not good yesterday. Might encourage them to cut interest rate sooner. It should drive down eurusd. But it didn't do anything it seems.
Expected the unexpected
  • #7,267
  • Apr 25, 2008 1:19am Apr 25, 2008 1:19am
Yeah something wierd with the news.. Nice channel though
On the path to Enrichment.
  • #7,268
  • Apr 25, 2008 1:27am Apr 25, 2008 1:27am
Hmm...
  • #7,269
  • Apr 25, 2008 1:30am Apr 25, 2008 1:30am
My inclination for the night is a little bearish so far... shorts still open and growing nicely.
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Click to Enlarge Name: eu tl.png Size: 22 KB
FUBAR...
  • #7,270
  • Apr 25, 2008 1:31am Apr 25, 2008 1:31am
Now it's doing something or is it a false? I am too confused now.
Expected the unexpected
  • #7,271
  • Apr 25, 2008 1:33am Apr 25, 2008 1:33am
Quoting scyang
Now it's doing something or is it a false? I am too confused now.
No, I won't sell you a euro for 1.5649
  • #7,272
  • Apr 25, 2008 1:35am Apr 25, 2008 1:35am
I mean eurusd is turning down again. Is it the start of another downward trend, although may not be as big as it was Thursday? Or just a correction before it rallies?
Expected the unexpected
  • #7,273
  • Apr 25, 2008 1:36am Apr 25, 2008 1:36am
Quoting scyang
I mean eurusd is turning down again. Is it the start of another downward trend, although may not be as big as it was Thursday? Or just a correction before it rallies?
Im bias that it will go up, righ now
  • #7,274
  • Apr 25, 2008 1:37am Apr 25, 2008 1:37am
Quoting scyang
I mean eurusd is turning down again. Is it the start of another downward trend, although may not be as big as it was Thursday? Or just a correction before it rallies?
You're asking us as what ? I'd say it's gonna fall some more now, but I wouldn't trade it.
On the path to Enrichment.
  • #7,275
  • Apr 25, 2008 1:45am Apr 25, 2008 1:45am
Sorry - I misinterpreted the German news as the initial move was sharply up following it!

Is this the break we're looking for? I really should stay out of this but I'm tempted to short now.
  • #7,276
  • Apr 25, 2008 1:45am Apr 25, 2008 1:45am
What I see is that, at the moment, it's going downward, therefore from .5672-.5652 - I snagged 20 pips - beyond that; I'll wait for what I see as the next opportunity to grab some more (up or down).

just my 2 cents worth

SeerEye
Pip what you see; See what you pip!
  • #7,277
  • Apr 25, 2008 1:51am Apr 25, 2008 1:51am
Quoting SeerEye
What I see is that, at the moment, it's going downward, therefore from .5672-.5652 - I snagged 20 pips - beyond that; I'll wait for what I see as the next opportunity to grab some more (up or down).

just my 2 cents worth

SeerEye
Congrats. That was good timing. I'm too slow. I can only do like 1 trade all night.
  • #7,278
  • Apr 25, 2008 1:52am Apr 25, 2008 1:52am
liquidity an issue in London. They have run out of money!
  • #7,279
  • Apr 25, 2008 1:56am Apr 25, 2008 1:56am
Not sure what it wants to do, it might be testing lows, and getting out of there.
  • #7,280
  • Apr 25, 2008 1:57am Apr 25, 2008 1:57am
Going to be harder and harder to go back up, without some help. Remember it drifted up 70 pips from the 5637 low before the current drop. Currently at that low. If it breaks it upon retest...

Yeah, things are crummy in the US, but the shelf life of bad news is getting shorter to none these days. On the other hand, if the money folks think it's getting worse across the pond, or about to, then you see the thing.

GDP will seal the deal I think.
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FUBAR...
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