EURUSD | Page 576 | 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

  • #11,501
  • Jun 20, 2008 8:31am Jun 20, 2008 8:31am
Quoting triq03
these other "newer" economies were built with somewhat better knowledge, structure, and learned from the mistakes of older ones (such as America).
America is wayyyyyy newer than Europe
  • #11,502
  • Jun 20, 2008 8:31am Jun 20, 2008 8:31am
Having said that, and being a fool.... picked a bottom yesterday.

If anyones got a crystal ball please let me know the top so i can exit.
Attached Image
bull in a china shop
  • #11,503
  • Jun 20, 2008 8:33am Jun 20, 2008 8:33am
Quoting Jay Walker
This makes absolute sense. The dollar will eventually fail. Run a search on YouTube for "death of the dollar" and see that what Triq says here actually makes sense
While it is possible for the "dollar falling" I must reiterate that this is an open market. I'm open to seeing the euro at 1.45 as I am at seeing it at 1.70. I go with the flow, but I do not let "the almighty dollar" lingo hinder my judgment. Anything is possible; including the dollar falling, horribly, in a huge fireball, possibly to the depths of hell, never to return again.
Helping the philosophically challenged
  • #11,504
  • Jun 20, 2008 8:36am Jun 20, 2008 8:36am
Quoting Clouds
America is wayyyyyy newer than Europe
America newer than Europe??? I'm comparing Americas' economy to the Euro that was founded and structured in 1998. Get your facts straight and I'm sure someone will add onto this one.
Helping the philosophically challenged
  • #11,505
  • Jun 20, 2008 8:37am Jun 20, 2008 8:37am
Quoting plasmapants
Tops and Bottoms are for fools.

Just trade everything inbetween.
Obviously you don't know what you are talking about.

The only people that say this are the ones who don't know HOW to pick tops and bottoms correctly.

Now, who's the fool?!

"those who pick bottoms have stinky fingers"

Mmmmm no... those who REALLY pick bottoms are filthy STINKY rich.

See I am not saying you can't become rich by avoiding picking tops and bottoms, so don't come in here and tell me that your method is the only correct way to make money and that mine makes me a fool.

My stops are 15-20 pips and I have a VERY good success rate so there!
  • #11,506
  • Jun 20, 2008 8:41am Jun 20, 2008 8:41am
Quoting triq03
America newer than Europe??? I'm comparing Americas' economy to the Euro that was founded and structured in 1998. Get your facts straight and I'm sure someone will add onto this one.
I wasn't thinking the currency = economy. Europe is an old country, (not even a country). They had currency before the Euro. As far as the Euro goes, it is new, but look at the CHF.. It's doing just as well, and Switzerland refused to accept the Euro and they are doing great. I've no opinions on the Euro, as its only been a few years, but I'm sure it will be ok.
  • #11,507
  • Jun 20, 2008 8:44am Jun 20, 2008 8:44am
Quoting plasmapants
Having said that, and being a fool.... picked a bottom yesterday.

If anyones got a crystal ball please let me know the top so i can exit.
Just a thought. But, I'm really close to your situation. Keep the stop loss (better safe than sorry). As far as everything else is concerned; America raising rates soon is a given (market already anticipating this much), so I doubt FOMC meeting will sway markets much (insert your smirks here). And as long as Eurozone is handling the higher currency and their economics are still sane, I say keep it.
Helping the philosophically challenged
  • #11,508
  • Jun 20, 2008 8:46am Jun 20, 2008 8:46am
Quoting Clouds
I wasn't thinking the currency = economy. Europe is an old country, (not even a country). They had currency before the Euro. As far as the Euro goes, it is new, but look at the CHF.. It's doing just as well, and Switzerland refused to accept the Euro and they are doing great. I've no opinions on the Euro, as its only been a few years, but I'm sure it will be ok.
But the Swiss have a real relaxed out take on their economics. Due to big banks and big investments, I don't think they're so much into economic growth as they are economic stabilization. They'd rather keep things sane then have mad fluctuations. Once again please do correct me If I'm wrong.
Helping the philosophically challenged
  • #11,509
  • Jun 20, 2008 8:50am Jun 20, 2008 8:50am
Quoting triq03
But the Swiss have a real relaxed out take on their economics. Due to big banks and big investments, I don't think they're so much into economic growth as they are economic stabilization. They'd rather keep things sane then have mad fluctuations. Once again please do correct me If I'm wrong.
percentage-wise they gained as much as the euro to the dollar. The past 5 years, they've gone from 1.5 to 1.7 to 1.6 to the euro. The swiss currency is probably the easiest to trade, because they are 'methodical' about everything, including their currency....
  • #11,510
  • Jun 20, 2008 8:54am Jun 20, 2008 8:54am
Quoting Clouds
percentage-wise they gained as much as the euro to the dollar. The past 5 years, they've gone from 1.5 to 1.7 to 1.6 to the euro. The swiss currency is probably the easiest to trade, because they are 'methodical' about everything, including their currency....
Methodical word I was looking for. Rarely no surprises from them. Very clear on their economic status
Helping the philosophically challenged
  • #11,511
  • Jun 20, 2008 9:00am Jun 20, 2008 9:00am
Back to the EUR, I dont know if we will break out up or what, but I do see it going up further, but we may be stalled at the moment. Normally I like parallel lines, but I can't seem draw them here. I am keeping long and expect it go up.
Attached Image
  • #11,512
  • Jun 20, 2008 9:32am Jun 20, 2008 9:32am
eurusd journal updated~

http://www.forexfactory.com/showthre...89#post2066989
  • #11,513
  • Jun 20, 2008 9:34am Jun 20, 2008 9:34am
All of a sudden, my long from yesterday is not looking so silly - +105 right now. I made pips on the way down too, via the hedging in my ea. I managed to shut down hedging just at the right moment, something that doesn't always happen.

My long from this morning is +134.

Isn't it nice when a plan works out? Makes a b****y change, that's for sure.

  • #11,514
  • Jun 20, 2008 12:48pm Jun 20, 2008 12:48pm
This pair might touch 1.5730/40 very soon
  • #11,515
  • Jun 20, 2008 1:06pm Jun 20, 2008 1:06pm
Quoting Srikanth
This pair might touch 1.5730/40 very soon
could you please explain why?
  • #11,516
  • Jun 20, 2008 1:49pm Jun 20, 2008 1:49pm
Quoting Srikanth
This pair might touch 1.5730/40 very soon
no greedy out there. we just arrival our target price.

there might pull back or forming reversal pattern soon or later.
  • #11,517
  • Jun 20, 2008 1:49pm Jun 20, 2008 1:49pm
Quoting SteveHopwood
All of a sudden, my long from yesterday is not looking so silly - +105 right now. I made pips on the way down too, via the hedging in my ea. I managed to shut down hedging just at the right moment, something that doesn't always happen.

My long from this morning is +134.

Isn't it nice when a plan works out? Makes a b****y change, that's for sure.

great job. that a happy ending for the week. ^^
  • #11,518
  • Jun 20, 2008 1:50pm Jun 20, 2008 1:50pm
Quoting emadanton
could you please explain why?
"Because it moved up 200 pips in the last 2 days!!! Holy cow!!! I've never seen that before. It HAS to keep going up at that rate. Plus, I know what I'm talking about because I mainly focus on EUR/USD, just look under my nickname......."

For those of you who haven't caught on yet, I am being facetious. This is yet another example of someone posting an idea without proof of due diligence. Then again, this post isn't much more constructive, is it? screw it, it's Friday
  • #11,519
  • Jun 20, 2008 1:58pm Jun 20, 2008 1:58pm
Quoting PhorPhunn
"Because it moved up 200 pips in the last 2 days!!! Holy cow!!! I've never seen that before. It HAS to keep going up at that rate. Plus, I know what I'm talking about because I mainly focus on EUR/USD, just look under my nickname......."

For those of you who haven't caught on yet, I am being facetious. This is yet another example of someone posting an idea without proof of due diligence. Then again, this post isn't much more constructive, is it? screw it, it's Friday
take easy out there. we are all student in this market. we learn every step by step. also, it always good thing to say something instead of say nothing.

according to my backtest, eurusd have a pettern of price movement.

here is a little tip of someone who do not like indicators.

when price move 200 pips, always have 100 pips pull back before resume the trend for another 100-200+ pips.

when price move almost 400-600 pips from the reversal point, there must be a big pull back or reverse pattern for 200+ in short trend, but it not happen all the time. cause most of price movement is always 200 pips moves and 100 pips pull back.

keep this in mind, hopefully it will help out in the analysis.
  • #11,520
  • Edited 8:17pm Jun 20, 2008 8:01pm | Edited 8:17pm
Quoting triq03
For example lets to say it is at 1.7, are you forgetting most of this inflation is from oil? I'd think that it might be cheaper to produce things considering they're buying oil in weaker dollars (once again just another thought). Get back to me when Euro tops off at 2.000 and we quit relying on the fully inflated dreams of what was once the dollar (based on shaky economics and more inflated CRAP)

MY 2 CENTS

Everyones thoughts are more than welcome

***Added: While I do believe we still have some more highs to see, I'm usually one to go with market, wherever it may go. I just dont believe 1.70 is unthinkable
Sure 1.7 is not unthinkable, I just think you'd have to wait for a quite a while to get there.

Do me a favor and plot the price of oil over the last two years in Euros. Notice a trend here? So no, it costs Europeans increasingly more to buy their oil, just like it does here. Now add to that the euro's appreciation against most other currencies (at least major trade partners) and you can see how EU exporters will be having harder time adjusting to this rise.

Let's wait for the German IFO numbers in a couple of days - perhaps you'd like to hear it from the source (pay special attention to the expectations component here) just how "fine" they're adjusting.

Edit: one other thing. You don't think another 14 cents is gonna kill them, huh? What if you were running a business and were forced to toss 9% of the revenue to the wind? Because that's what a $0.14 rise implies the exporters will have to sacrifice to stay competitive (i.e. vs non-european suppliers).
248 traders viewing now, 1 is registered:
macd12