EURUSD

Im thinking a retest of 2885 and if we hold below ill add another short. if we close above ill add a long,

Hence? Wth kinda word is that?

ok im back i see the market is moving sideways

It's going back to 1250



















No offense mate but don't let anyone tell you how to trade. Ask for help on how to do your homework but don't ask people to call the trades for you.

It's a fancy $5 word that I like to use. Makes me sound smrt. :nerd:

Hi Jay,Limoncello is ready,waiting for you to join the party when we test 1.2700

Hey champ, thanks for the vouch!

You'll get one right back at ya when (errr If) I get to 4

It will take me 2 months to get over my last one. I need a vacation to recover from the vacation.

Then again, I don't want to miss another 4000 pip Mr whippy

Limoncello AND 2700?!? I think about it and I'm nursing a semi

Jay,

I wanted to test the spellchecker in your signature, but apparently it is confusing f*ck with buck .
What gives?

It's not my spellchecker so I have no idea what the buck you're talking about Sorry.

F*ck with buck?..It makes sense due to the actual US big debt....

That's a good theory.

But I'm thinking, what does it really mean when we say of someone that he "bucks the trend"?

I would buck$ the trend

Well obviously thats not the case that since currency trading is all about currency rates at the present time. That is why the Yen has been the strongest currency for about a year now. Because traders are running to a lower interest rate safer asset and stay away from risky high yielding assets. It is its low rate that is making so strong. Likewise the USD's extremely low interest rate, position as a safehaven currency, and low risk government bonds, have caused it to dramatically outperform the euro and gbp and thrive during bad economic news. The carry trade is not dead and gone. During bear market conditions one will observe risk aversion coming to the forefront and such things as this happening; lower interest rate currencies dominating the high yielders. However, during Bull market conditions which we can define as global bull equities, the currencies with higher interest rates tend to dominate the lower interest rate currencies. When the markets return to normal, you will see the carry trade return. I think it is dramatic to say the carry trade is dead and gone. It is like saying we shall never see a bull market. In short, It's all about interest rates. If everything suddenly became better this week in equities you would see the aussie and the euro strengthen against the dollar. Investors will return to the carry trade when the time is right. So here is the point: "It is because of the low interest rates that the yen and dollar are the strongest right now." That has to do with interest rates. And as for tomorrows release it may be interpreted several different ways. Interest rates affects on the markets also largely have to do with the cutting stance of the bank. When the U.S. was cutting interest rates for 8 months back almost a year ago now the Euro advance from 1.35 to 1.60. The trend was strongly in favor of the Euro. The Fed became neutral and so did the trend on the Eur/usd between 1.5350 and 1.60 for some time. The Euro began its cutting cycle and economic woes have set in acting as a catalyst and we have seen the Euro dramtically fall as low as 1.23 during their cutting cycle. In either case interest rates do have a valuable effect on currency markets currently and always.

r wegoing to see this market move anytime soon??

yes

not before BOE announcement

are we all still looking at a down trend or has something changed??

Some paring down of GBP positions ahead of the BOE decision at 12.00 GMT has seen the [GBP/AUD] drifting lower towards the 2.2300 level filling buying orders at 2.2350. Buying from a European and UK Clearer has since brought the pair to the current 2.2390 level. Market chatter of a large demand in the Gbp/Usd at the London fixing yest also continue to provide support for the Gbp/Usd and GBP/AUD. There is a possibility that support at the 2.2300 level may be tested again ahead of the decision but the downside from there appears limited given that this could be the last cut in the BOE's easing cycle. Fresh bids at 2.2250 and earlier offers continue to keep the range ahead of the European session.

we'll see a move soon I guess Oanda just crapped out on me. They must be changing the live servers with the server to hunt stops and increase the spread to crazy level . so yeah, it's coming