EURUSD | Page 1236 | 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

  • #24,701
  • Aug 27, 2008 9:07pm Aug 27, 2008 9:07pm
My guess is Gustav:

New Orleans considers evacuation as Gustav looms | Reuters.

Once Gustav comes and goes, it will probably drop like a rock.
  • #24,702
  • Aug 27, 2008 9:07pm Aug 27, 2008 9:07pm
Just closed long position from yesterday. Is anybody still arguing with me?

Have just Opened long in gbp/jpy, looks like a bargain. Hopefully I don't get burned
  • #24,703
  • Aug 27, 2008 9:07pm Aug 27, 2008 9:07pm
Quoting Subdude
Would you guys agree that August is perhaps the worst month to trade forex, due to low liquidity and sharp currency moves in the absence of market-moving news? For instance, I can understand why oil is pushing higher but why EU and GU would be going in the opposite directions is beyond me...
So true, i agree.
Just wait after Labor Day and everything will be back to normal.
  • #24,704
  • Aug 27, 2008 9:10pm Aug 27, 2008 9:10pm
Well, this might explain some of it, if said intervention is believed to have taken place already:

http://www.bloomberg.com/apps/news?p...refer=currency
  • #24,705
  • Aug 27, 2008 9:11pm Aug 27, 2008 9:11pm
damned, short EU from yesterday.. -120 pips already.. damed the ECB officer, big ass mouth.
  • #24,706
  • Aug 27, 2008 9:12pm Aug 27, 2008 9:12pm
Quoting SunTrader
Y ask Y?

Y oh Y?
falling into the texting craze? :nerd: They got to you, didn't they
  • #24,707
  • Aug 27, 2008 9:12pm Aug 27, 2008 9:12pm
Quoting trading801
am in a long intend to ride as high as possible no TP folks u think what is a good SL to catch any trend reversal...

20pips?
So you got in, and had no trading plan. No TP nor SL in mind. That's pure gambling! Nice catch!
  • #24,708
  • Aug 27, 2008 9:12pm Aug 27, 2008 9:12pm
Quoting cobraforex
what the h##l is going on?
I always hated damn japan, now I hate them much more!!!
but anyway I'm gald that their island will go underwater sooner or later with all our money!!!
  • #24,709
  • Aug 27, 2008 9:12pm Aug 27, 2008 9:12pm
Quoting seesaw
My guess is Gustav:

New Orleans considers evacuation as Gustav looms | Reuters.

Once Gustav comes and goes, it will probably drop like a rock.
Gustav is in the equation of a softer $. Especially right now where most institutional traders are gone (as they will be next week also), so market is driven much more by emotion and perception. Plan your trade and trade your plan.

Happy pippin' everybody -

SeerEye
Pip what you see; See what you pip!
  • #24,710
  • Aug 27, 2008 9:13pm Aug 27, 2008 9:13pm
Quoting Subdude
Well, this might explain some of it, if said intervention is believed to have taken place already:

http://www.bloomberg.com/apps/news?p...refer=currency
This news article came out at around 2:00pm (I posted it earlier). Doesn't explain move up right now...something else, I think Gustav, but who the hell knows
  • #24,711
  • Aug 27, 2008 9:13pm Aug 27, 2008 9:13pm
Quoting videoman555
PLEASE STOP THE EURO and silly japanese morons as well !!!

sushi sushi
  • #24,712
  • Aug 27, 2008 9:14pm Aug 27, 2008 9:14pm
considering the pair just broke back into the uptrend that started after yesterdays low at 1.5570, strong longer term resistance is 1.4805, either this is the beggining of a larger movement or a reversal is in near sight if this break of the uptrend is a falsie.
noobie question but which timeframe do you "pros" watch to determine whether a break of trend is false or for real?
Different opinions highly valued, ignorant to slander.
  • #24,713
  • Aug 27, 2008 9:14pm Aug 27, 2008 9:14pm
Quoting spathi
damned, short EU from yesterday.. -120 pips already.. damed the ECB officer, big ass mouth.
right man, but not damed - he's damned m....r !!
don't worry he'll be burning in hell with our money he stealed from us!
  • #24,714
  • Aug 27, 2008 9:14pm Aug 27, 2008 9:14pm
Quoting Subdude
Well, this might explain some of it, if said intervention is believed to have taken place already:

http://www.bloomberg.com/apps/news?p...refer=currency
Thanks for the article,

I don't know how reliable this source is.

"Nikkei English News reported, citing unnamed sources"
  • #24,715
  • Aug 27, 2008 9:15pm Aug 27, 2008 9:15pm
Quoting FXObserver
Just want to share my trade for today.
My order has been triggered.
Im long @ 1.4729 with T/P @1.4810

That's what my signal indicates but i maybe wrong.
Trade at your own risk.
It seems like i got it right
  • #24,716
  • Aug 27, 2008 9:17pm Aug 27, 2008 9:17pm
Quoting videoman555
right man, but not damed - he's damned m....r !!
don't worry he'll be burning in hell with our money he stealed from us!
Wooo relax bro.

It happens, to everybody.
  • #24,717
  • Aug 27, 2008 9:19pm Aug 27, 2008 9:19pm
Not that it makes anything clearer, but $ is down vs every major now, even the Aussie... I don't think Gustav has much to do with it, as it's not yet clear what impact it's going to have, if any. Oil is certainly up, but I don't think it's the major driver behind EU's jump.
  • #24,718
  • Aug 27, 2008 9:20pm Aug 27, 2008 9:20pm
That Asian banks are stop gunning.

They are trying to run the stops above .4800.

My guess is that this level is pretty well protected... but who knows.

Mike
  • #24,719
  • Aug 27, 2008 9:22pm Aug 27, 2008 9:22pm
Quoting SeerEye
Gustav is in the equation of a softer $. Especially right now where most institutional traders are gone (as they will be next week also), so market is driven much more by emotion and perception. Plan your trade and trade your plan.

Happy pippin' everybody -

SeerEye
Very important to remember at this point.
  • #24,720
  • Aug 27, 2008 9:23pm Aug 27, 2008 9:23pm
Quoting acumen
I must agree that this is quite baffling.

Sure... moves are exaggerated due to upcoming holiday and end of the summer book balancing.

However - I can find nothing substantial that would cause this kind of move.

The Asian traders often get it wrong - but this move is out of character for them.

I've attached a pivot chart and you can see we are already at R1 before either 'real' session begins.

Normally - this kind of move screams SELL, SELL...but this I don't get.

Either - the Asian names know something we don't (which is very rare) or they are on the wrong side of the trade. (Often the case)

I did see some hawkish comments by this moron (Axel Weber).

His comments, Oil worries, Fred and Fannie and a belief we are oversold could be leading to this move.

Strange days indeed... most peculiar momma.
I've been watching some of your videos from your website and I really like them. I was wondering though. When you see this type of strange activity, does it matter to you? I mean, if you see it pass over certain pivot levels, would you still take the trade?--or would you look at this and think...nah, this is strange activity, I won't trade today?

One thing I won't do is pick tops and bottoms..so I always go with the immediate trend (immediate short term trend that is say within the last few hours).
3,195 traders viewing now