2 trades.
20 PIPS or so.
(Slept through EURO session)
Keep in mind I hit single and doubles.
20 PIPS or so.
(Slept through EURO session)
Keep in mind I hit single and doubles.
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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
DislikedHere is part of what I just got in a email. It is a free service so I will post part of it. It differs from my view but does make some sense so here it is for all of us to read.
My Answer is: 1.3500
Here is what I think, world economy is doing bad. US went ahead of
the curve and cut rates first therefore is reaping the better
results. ECB didn't cut rate but instead used stronger Euro to
hedge against rising crude prices, while everyone in America is
calling "uncle", Trichet and company is chilling with Pina Coladas
under the rain... (or sun). Now the situation has turned making US
the preferred currency, as it is the default currency pair of all
(money out of commodities gives USD an instant boost), EURO can no
longer effectively hedge inflation as inflation is easing
(lower crude prices), so right now EURO Zone is hurting with their
exports.
Trichet intentionally went dovish with his statement because
secretly he wants EURO to devaluate, but he can't risk cutting
rates, something to do with losing credibility of cutting rate 2
months ago and then raise rate... So the only viable way to keep Euro
down and possibly revive their export industry is verbal
intervention.
So is 1.35 possible? I certainly think so, crude went from 147 to
117, that's 20%, EUR can also go from 1.60 to 1.30, 20%.
When will this happen? I don't know, but it is definitely in
progress, I no longer look for areas to trade EUR/USD retracement,
as bad economic news from Eurozone is expected for the rest of the
quarter and maybe extending to 4th quarter. So best bet is to SELL
EUR/USD on pullbacks... A new trend has emerged.
BruceIgnored
DislikedAgain - not easy to read but if you look at it closely you should get the point.
I think it was around 23 trades with 3 losses.
That's an estimate but close.Ignored
DislikedI know you are a good FX trader. You have your approach and it works. I am happy for you. Good Work !!!
BruceIgnored
DislikedI only said it would go below 106.00 before it hit 110.00 again and the record shows it did.
As for 1.4800 let me put it at 1.4800. BruceIgnored
DislikedI again suggest very strongly that you cannot win in Forex if you use the charts to tell you it might go to 107.00
What are your thoughts on this post ?
BruceIgnored
DislikedThe trend for this week had busted the 105.57 resistance that was set in the 1st week of May... As of right now the upper trend is set at 110.00... How long will it take to get there is your guess is good as mine...Ignored
DislikedLet me just tell you this. I will stake my reputation by telling you it will NEVER happen at the moment. Your charts and indicators cannot tell you that with 100 % confidence. As for indicators ?
107.00 ? Maybe ? 108.00 I Think NOT...
Thanks for all your help. You have made my day. WOW !!! I will be rich soon as I watch USD/JPY move towards 107.00, then 108.00, then 109.00 and finally 110 in the year 2010 !!!
How is your EGO doing ? Mine is fine as wine and if USD/JPY gets OVER 107.00, I will be the first to post that you called it right and I was wrong. Hence My Ego is under control. Will you post here when USD/JPY 103.00 before it touches 108.00 ? Well the days of +108's 3 days later from June 12 thru June 26 came well before the hour it touched 103.76 on July 16.
We shall see ... We shall see ... It trades at USD/JPY 106.07 Bid now as the Dow is UP but 28 at the moment with more bad economic news just around the corner. The facts say Dow at 11,000 before 14,000 so USD/JPY at 103.00 before 108.00
BruceIgnored
DislikedNo close below 1.4870 since 2007.
IF YOU DISCOUNT THE WICKS then a close below 1.4870 officially breaks the weekly support.Ignored
DislikedAgain - not easy to read but if you look at it closely you should get the point.
I think it was around 23 trades with 3 losses.
That's an estimate but close.Ignored
DislikedWell, then I mis-understood you... my bad. I just thought you meant something else here when you went off and staked your reputation and all. I don't want to argue with you bruce, whatever you say you meant is fine with me. Less angst and a paragraph or so of genuine analysis from yourself instead of the news services (talk about a LAGGING indicator!!) would be something to consider tho.
No comment.
These 2 posts minutes apart from June 9, 2008...
Not. And when you come across like the fount of all wisdom on nearly every post, citing endless sources ad nauseum, well it's just all too much. FF is gonna have to get another server just to handle your posts.Ignored
DislikedThat's a lot of trades in a pretty short time frame in a strong downtrend; do you prefer scalping as your trading style?Ignored