EURUSD

why oh why?

A number of people here are trading real money, just like I am, and asking for input. It doesn't make me any less of a trader than you are.

The [EUR/YEN] is rebounding to the 115.40 level from the mini twin bottoms of 114.97/98. Distance to the Jan 21 low of 112.08 is not far now, and as the global financial situations are in the critical mode, any undesirable events during the weekend in Europe can make the picture messy in the Monday morning next week. Yield gaps with German bonds in some countries, rising CDS in some countries, downgrading possibilities in some countries, higher debt-GDP ration in some countries, etc are all the indicators to pay attention to, while the US authority is in a scramble mode this weekend as well.

Exactly, a number of people are trading real money. And since a stop loss is part of basic money management, you better believe your bottom dollar that they have a grip on it. If they don't they don't last. It's that simple.

It's nothing personal.

[EUROPEAN FX OPEN] US GDP forecasts are bleak and so we approach the data with a surge in risk aversion. To complicate matters further it is also month end, and this has sparked much talk about huge demand for the Dollar.

Anyone have an opinion on this?

Morning @ all

Welcome to Friday.

my post wasn't meant to be an assault on you as a trader. sorry if i offended you, that was not my intention. however, not knowing you and your trading history i made the foolish assumption that you are a newbie and asking here on ff what to do and how to trade, because i see post like: what should i do ? sell or buy ? how much? how many pips ? what stop loss to use ? please help etc etc all the time.

It's morning in Italy but late here. But good morning

Morning Driver

good morning

morning to all.

the rouble is not my thing but i wish i hag shorted it..

A bad start to the last day of the week/month for the beleagured [ROUBLE], which has slumped to yet another low vs its Eur/Usd basket in very early dealings and around 40.17 a short while ago is now in danger of breaking through the upper end of its 26-41 band. Market talk circulating about intervention from the CBR, as broad Usd strength on the latest stock-related risk aversion hits the Russian ccy.

Anyone thinking about taking a long off 2850? Seems like it was strong resistance before...could be a strong support on the way down.

[EUR/USD] has opened with an offered bias (1.2871) and looks set to hold a softer pattern to trade as risk aversion weighs heavily on sentiment. This guiding the Euro lower as part of the drive lower in the carry pairs which has Eur/Yen back towards 115.00, and realistically the year low at 112.08 is a target for bears on any soft interpretation to today's GDP release in the US. Stops were tipped and filled below 1.2880 and bids now mulled around Monday's low at 1.2861. Today also month end and there is a lot of talk about big demand for Usd's. Bear in mind though that month end is normally a date to expect decent demand for Euro crosses from a well respected EU sovereign, (vs Gbp, Jpy and Sek). EU flash CPI 10GMT. F/c lower to 1.4% yoy & so food for thought at the ECB. 07:18 GMT - A bad start to the last day of the week/month for the beleagured [ROUBLE], which has slumped to yet another low vs its Eur/Usd basket in very early dealings and around 40.17 a short while ago is now in danger of breaking through the upper end of its 26-41 band. Market talk circulating about intervention from the CBR, as broad Usd strength on the latest stock-related risk aversion hits the Russian ccy. More to come.

Oh hell no...well at least not me I'm not

No problem mate I'm just picking up ideas from people here because sometimes you just miss things that may influence your trade. For instance yesterday someone said I should watch out for 3080 as support, and going back I couldn't pick up why. I asked, they explained, and I saw it, saving me from my stop loss being triggered, and adding a few pips earlier than I expected.

As far as my experience is concerned, Ive traded stocks for a couple of years, but enjoy fx more, and it has proven more profitable for me.

If you don't ask, you may just miss something. Nobody's perfect.

The market try to pudh up, if break 1.3000 will go lonmg to long at target 1.3100 but if not the down trend will be continur to 1.2700

The [ROUBLE] has crashed against the Dollar again at 35.39, hitting its lowest level since it was redenominated in Jan 1998, as fears over a deepening global recession prompt investors to snap up the greenback and cut exposure to perceived risky currencies. Meanwhile, Eur/Rub is moderately higher at 45.54. The RUB has traded as low as 40.19 against its euro - USD basket - precariously close the the floor of the 26-41 trading corridor. We expect an eventual 41 test, as fears are growing about the Russian economic outlook and strains on the corporate/banking sector that have yet to play out during 2009. CBR eyed.

[GBP OUR PRE US GDP FOCUS] Gbp clearly in focus, having survived a risk aversion led selloff in latest sessions. Gbp's gains vs Euro has proved a real prop and now in Europe all eyes look to be on the 0.90 mark Eur/Gbp. Just ahead of there is the 55-day mov ave at 0.9010. Expect profit takers about that key line, last broken late Oct. Bigger stops lie below the figure.

I'm short from 2913 and waiting for a good clean break of the DeMark Trend Line at around 2876 on the H1.

What's the general view here in the chat..??

personally I'm long on EURUSD
long on NZDUSD
short on USDCHF