DislikedVery stressing day, I was some shorts opened 1 minute before NEWS.
Whooopi!!Ignored
Expected the unexpected
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
DislikedVery stressing day, I was some shorts opened 1 minute before NEWS.
Whooopi!!Ignored
DislikedIs anybody basing their guess for the euro bottom today according to the chart or just pulling numbers out of thin air?Ignored
QuoteDislikedI honestly do not get the fascination with calling numbers sometimes. All you have to do is watch and react. Not predict and react.
DislikedHaving blown through S1, (1.5390) next target for down is S2, (1.5304)
Even with charts, indicators etc. it is still the market that decides.Ignored
DislikedBattle waging at 38.2 fib on the 30M chart. This is around the 1.5400 area. There is selling pressure being exerted. As Kevin said, see what is there to see and react to it. This is really quite a battle going on a London is soon to close and U.S. will sieze the day. In reality, this is simply another day in the trenches as the world decides (government) if they want a weaker euro (better for the european economy at this point) or a stronger one. IMHO, a weaker euro (around 1.51 - 1.500) is better for all concerned. Just a thought.Ignored
Dislikedi agree, goods news,...but not good enough against the euro..., i guess,...iIgnored
Dislikeddowntrade,...yeap it was bad, but if u aim for 50s,..no downtrend to me,..it makes enough of "up" moves...to satisfy my needs...
well this what i trade currently...i would like to see it at 466, so i could close for 50s...Ignored
DislikedYou are correct Kevin. #,s are not great but show a U.S. economy that is looking far better than three months ago. From a psychological perspective, summer is upon us and we have already seen reports (yesterday) showing that personal spending is up (even as personal income falls). Even though that indicates an individual spending more than they can afford, we americans have been doing that for quite some time. It is also an election year. Regardless of political party affiliation, americans become quite upbeat in election years and dwell (spend) based on the psychological outlook. I believe the consumer sentiment is going to start getting much more positive as the year progresses. Personally, I have nothing for respect for all traders, (regardless of nationality) and simply look at the currecy trading as a war of governments without faces. It is nothing more than a game in which all can participate without impunity. Both chartists and fundamentalists are the party affiliations present in this arena, and always will be. By the way, did anyone notice factory order seven times better than expectations. This will also soon figure into the direction of this pair. Best to all. KeithIgnored
DislikedNews:
EUR/USD (1.5470)
European & US sessions forecast levels: 1.5365/1.5550
Trend Sessions: European: Neutral
US: Neutral/Downward
Market Focus: 8:30 AM Average Workweek, Hourly Earnings, Non-farm Payrolls, Unemployment Rate, 10:00 AM Factory Orders, 2:00 AM German Retail Sales, 4:00 AM Manufacturing PMI.
Daily Strategy: Positivism from the United States pushes the dollar to make big gains against the Euro. The recovery of the dollar continue, as the break below 1.5515 was signal for continue recovery of the dollar. In the coming days we can see the dollar at the levels of 1.5330. The trading strategy today is to wait for reverse while at the levels above 1.55 to open short positions, after the release of key Job’s reports today.Ignored
DislikedMy thoughts on personal spending being up could be in part due to higher gas/energy/food prices more than a general increased buying.
Believe me, I have noticed increase in factory orders, we are working this weekend to meet customer demand that has been huge lately. And we are automotive!Ignored
Dislikedfor the 1st time believe on forecast, finally hit my TP short at 1.5365Ignored