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EURUSD

  • #21,421
  • Aug 19, 2008 2:57am Aug 19, 2008 2:57am
Quoting Rocroy
Do you think that euro goes down every hour/day, even though the lt trend is down?

Do you know what my strategy is?

My point is that it is also possible to make money with countertrend trades, if you just have an edge...

+20 now

Might be ... But remember a succesful fx trader wouldn't attempt anything against major trend !

Just my 2 cents
  • #21,422
  • Aug 19, 2008 3:03am Aug 19, 2008 3:03am
At 5:00 a.m. ET we will have German ZEW Economic Sentiment . EUR/USD is more on sell . With a bigger deviation probably it would be a good idea to keep position opened in case this level breaks because if it breaks, EUR/USD may go down pretty well.
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  • #21,423
  • Aug 19, 2008 3:10am Aug 19, 2008 3:10am
i am struggling to hold on man.. lots over 50 pips today...
  • #21,424
  • Aug 19, 2008 3:12am Aug 19, 2008 3:12am
can someone pls tell me what am i doing wrong.. i am losing 9/10 positions.. i cant be that unlucky right
  • #21,425
  • Aug 19, 2008 3:19am Aug 19, 2008 3:19am
You really do not need luck in trading, just only you must trade with the odds in your favour.

Guys, I still keep my shorts from yesterday, till 10.50 - 10 minutes before ZEW - then gonna for new ride after 11.10

Think twice before you trades.
Wish you a lot of great moments with those you love.
  • #21,426
  • Edited 3:27am Aug 19, 2008 3:26am | Edited 3:27am
If German ZEW sentiment is anything other than a wonderful green number, expect another euro sell off.

http://bloomberg.com/apps/news?pid=2...GR0&refer=home
Expected the unexpected
  • #21,427
  • Aug 19, 2008 3:27am Aug 19, 2008 3:27am
Quoting trading801
can someone pls tell me what am i doing wrong.. i am losing 9/10 positions.. i cant be that unlucky right
you must design a system to your specifications. most people use the 1H charts. and larget timeframes. another tip is ....hold on to your winning trades and cut the losses short based on your system.

oohhh and learn how to use pivot points....it doesnt get any easier then that.....
DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
  • #21,428
  • Aug 19, 2008 3:36am Aug 19, 2008 3:36am
Quoting got pips?
you must design a system to your specifications. most people use the 1H charts. and larget timeframes. another tip is ....hold on to your winning trades and cut the losses short based on your system.

oohhh and learn how to use pivot points....it doesnt get any easier then that.....
pivot how it works ?
  • #21,429
  • Aug 19, 2008 3:44am Aug 19, 2008 3:44am
Quoting Algirdas
At 5:00 a.m. ET we will have German ZEW Economic Sentiment . EUR/USD is more on sell . With a bigger deviation probably it would be a good idea to keep position opened in case this level breaks because if it breaks, EUR/USD may go down pretty well.
Remember - it is easier to ride the trend then to bet against it.
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  • #21,430
  • Edited 3:50am Aug 19, 2008 3:48am | Edited 3:50am
http://www.telegraph.co.uk/money/mai...nusecon119.xml

Snippet:

Sharp US money supply contraction points to Wall Street crunch ahead


By Ambrose Evans-Pritchard

Last Updated: 6:02am BST 19/08/2008





The US money supply has experienced the sharpest contraction in modern history, heightening the risk of a Wall Street crunch and a severe economic slowdown in coming months.
Data compiled by Lombard Street Research shows that the M3 ''broad money" aggregates fell by almost $50bn (£26.8bn) in July, the biggest one-month fall since modern records began in 1959.
"Monthly data for July show that the broad money growth has almost collapsed," said Gabriel Stein, the group's leading monetary economist.


On a three-month basis, the M3 growth rate has fallen from almost 19pc earlier this year to just 2.1pc (annualised) for the period from May to July. This is below the rate of inflation, implying a shrinkage in real terms.
The growth in bank loans has turned negative to a halt since March.
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  • #21,431
  • Edited 3:55am Aug 19, 2008 3:53am | Edited 3:55am
Quoting Warren Forex
http://www.telegraph.co.uk/money/mai...nusecon119.xml

Snippet:

Sharp US money supply contraction points to Wall Street crunch ahead


By Ambrose Evans-Pritchard

Last Updated: 6:02am BST 19/08/2008





The US money supply has experienced the sharpest contraction in modern history, heightening the risk of a Wall Street crunch and a severe economic slowdown in coming months.
Data compiled by Lombard Street Research shows that the M3 ''broad money" aggregates fell by almost $50bn (£26.8bn) in July, the biggest one-month fall since modern records began in 1959.
"Monthly data for July show that the broad money growth has almost collapsed," said Gabriel Stein, the group's leading monetary economist.


On a three-month basis, the M3 growth rate has fallen from almost 19pc earlier this year to just 2.1pc (annualised) for the period from May to July. This is below the rate of inflation, implying a shrinkage in real terms.
The growth in bank loans has turned negative to a halt since March.
Warren Forex,

You seem to have an unrelenting bearish bias against the USD. Any particular reason?
Expected the unexpected
  • #21,432
  • Aug 19, 2008 3:53am Aug 19, 2008 3:53am
Well, let's just say that in that case s/he is a conservative trader


Quoting Srikanth
Might be ... But remember a succesful fx trader wouldn't attempt anything against major trend !

Just my 2 cents
  • #21,433
  • Aug 19, 2008 3:57am Aug 19, 2008 3:57am
Quoting trading801
can someone pls tell me what am i doing wrong.. i am losing 9/10 positions.. i cant be that unlucky right
probably u bought dollars
2-3 positions are more than enough
y do u open 10 posis ?
  • #21,434
  • Aug 19, 2008 3:57am Aug 19, 2008 3:57am
still holding on my long pos, moved sl to 4650

let's see what happens...

Quoting Rocroy
Long at 4635
  • #21,435
  • Aug 19, 2008 3:58am Aug 19, 2008 3:58am
Quoting scyang
Warren Forex,

You seem to have an unrelenting bearish bias against the USD. Any particular reason?
After I read something and it is well researched as Lombard is 100% reputable, I share it here. Sometimes I post Bullish items on US Dollar.

I have no agenda but the facts, then others decide to accept them or not.

5:00am EURhttp://www.forexfactory.com/images/m...mpact_high.gifGerman ZEW Economic Sentiment
http://www.forexfactory.com/images/m...etail_star.gif http://www.forexfactory.com/images/m...ol_refresh.gif -62.0-63.9
5:00am EURZEW Economic Sentiment
http://www.forexfactory.com/images/m...etail_star.gif http://www.forexfactory.com/images/m...ol_refresh.gif -65.0-63.7
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  • #21,436
  • Aug 19, 2008 4:00am Aug 19, 2008 4:00am
From Warren: I only present information!

Quoting Warren Forex
After I read something and it is well researched as Lombard is 100% reputable, I share it here. Sometimes I post Bullish items on US Dollar.

I have no agenda but the facts, then others decide to accept them or not.

5:00am EURhttp://www.forexfactory.com/images/m...mpact_high.gifGerman ZEW Economic Sentiment
http://www.forexfactory.com/images/m...etail_star.gif http://www.forexfactory.com/images/m...ol_refresh.gif -62.0-63.9
5:00am EURZEW Economic Sentiment
http://www.forexfactory.com/images/m...etail_star.gif http://www.forexfactory.com/images/m...ol_refresh.gif -65.0-63.7
  • #21,437
  • Aug 19, 2008 4:01am Aug 19, 2008 4:01am
Quoting Warren Forex
After I read something and it is well researched as Lombard is 100% reputable, I share it here. Sometimes I post Bullish items on US Dollar.

I have no agenda but the facts, then others decide to accept them or not.

5:00am EURhttp://www.forexfactory.com/images/m...mpact_high.gifGerman ZEW Economic Sentiment
http://www.forexfactory.com/images/m...etail_star.gif http://www.forexfactory.com/images/m...ol_refresh.gif -62.0-63.9
5:00am EURZEW Economic Sentiment
http://www.forexfactory.com/images/m...etail_star.gif http://www.forexfactory.com/images/m...ol_refresh.gif -65.0-63.7
Not saying that you have any agenda, but everyone has his/her personal bias, and is entitled to it. But they form such bias based on something information or knoweldge. That's why I was asking.
Expected the unexpected
  • #21,438
  • Aug 19, 2008 4:04am Aug 19, 2008 4:04am
Well, I guess that should stop the bears at least until the US news..
On the path to Enrichment.
  • #21,439
  • Aug 19, 2008 4:05am Aug 19, 2008 4:05am
Quoting Jurrasic
Well, I guess that should stop the bears at least until the US news..
I don't know about that. I don't see euro shooting up. It's still ranging around.
Expected the unexpected
  • #21,440
  • Aug 19, 2008 4:07am Aug 19, 2008 4:07am
Quoting Rocroy
From Warren: I only present information!
I trade for clients full time as I have been doing since 2006...

I am a fundamental FX trader using technicals for entry and exit.

Have A Good Trading Day !!!
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