EURUSD | Page 3365 | 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

  • #67,281
  • Feb 20, 2009 11:45am Feb 20, 2009 11:45am
http://www.dailyreckoning.com/euros-...-from-a-rumor/
Quote:
The story/rumor fueling the euro’s bounce off of near 3-month lows yesterday, is speculation that Germany plans to help ease the financial turmoil in the Eurozone, and eastward. I told you yesterday that I didn’t want to have to say it, because this is against my thoughts on how these things should work, but that the Bundesbank needed to get involved. Well, the rumors are that they will… Remember, that the Bundesbank is Germany’s central bank, and the most powerful central bank in Europe. There’s a press conference scheduled for this afternoon in Germany (which will be this morning for us!) and it is expected that Germany’s chancellor Angela Merkel will announce the plans to ease the financial turmoil then.
  • #67,282
  • Feb 20, 2009 11:46am Feb 20, 2009 11:46am
Quoting sed
well.. in this time of uncertainly, decade of chaos .. for newbie...like me..n thousands out there..around the world..if we can go through this (i hope all of us ).. we can use this chaos/party time as great catalyst to collect wisdom n knowledge in this beautiful world of forex

ex: it took months for me to trade conciously, discplinely to always use S/L.
n imagine if 6 hours a go there is some 'fresh from the oven' newbie, that trade in the real acc for the 1st time. thats 150+pips movement in couple minutes will truly give real impact in...
then u woud have been in my situation
no stop loss and get lost
  • #67,283
  • Feb 20, 2009 11:46am Feb 20, 2009 11:46am
Quoting gatorinla
ive heard that before.. but if i buy toilet paper with dollar isnt that the same...kimberly clark a billion dollar company sells toilet paper,, so isnt that billions of dollars in toilet by proxy?
Attached Image
  • #67,284
  • Feb 20, 2009 11:47am Feb 20, 2009 11:47am
It's just a fricking selloff guys, if you hang around on Fridays you will see this happen a lot around Noonish. If you were smart you sold Euro and bought Swissy at the break.

AJ
Disclaimer: Take all trades at your own risk. Trade Demo account only.
  • #67,285
  • Feb 20, 2009 11:49am Feb 20, 2009 11:49am
seeing the circumstances... that 1.2840 peak can be a huge resistance level if we don't break it next week...
  • #67,286
  • Feb 20, 2009 11:49am Feb 20, 2009 11:49am
I don't believe in only profit taking, it was a major buy... Maybe if someone has access to volumes can shed some light there

On another note: People, please drop the "Dollar will be 0" attitude, it's always the same story; if the dollar goes up, it's the euro it's going to 0, if it goes down it's dollar going to 0... Forget that, trade the eck out of it, in both directions and discuss the trades not the nonsense chaotic predictions... and lets get along together, that's the spirit i bet most of the forumers have.

TIA
Traders are smartasses
  • #67,287
  • Feb 20, 2009 11:50am Feb 20, 2009 11:50am
Quoting AJspeed
It's just a fricking selloff guys, if you hang around on Fridays you will see this happen a lot around Noonish. If you were smart you sold Euro and bought Swissy at the break.

AJ
how easy is to say that after seeing what happened... lol
  • #67,288
  • Feb 20, 2009 11:50am Feb 20, 2009 11:50am
Quoting arthurb
usdx has already been in double top formation for some time now,
but if you look the gold chart , it is in clear uptrend
all that means this spike in eur has nothing to do with fear going away, or trend turning
it has not hit top yet.. and its never a staight line to top.and it may not hit top..the other top was nov. around election only 3 months ago a brief moment in time..and past history shows a stronger usd during a democrat president.... discount gold.. thats europeans/asia trying to pay border guards..
those who can, do. those who cant, talk about those who can
  • #67,289
  • Feb 20, 2009 11:51am Feb 20, 2009 11:51am
Quoting arthurb
usdx has already been in double top formation for some time now,
but if you look the gold chart , it is in clear uptrend
all that means this spike in eur has nothing to do with fear going away, or trend turning
which broker u using mate?
  • #67,290
  • Feb 20, 2009 11:51am Feb 20, 2009 11:51am
Quoting Spsantos
I don't believe in only profit taking, it was a major buy... Maybe if someone has access to volumes can shed some light there

On another note: People, please drop the "Dollar will be 0" attitude, it's always the same story; if the dollar goes up, it's the euro it's going to 0, if it goes down it's dollar going to 0... Forget that, trade the eck out of it, in both directions and discuss the trades not the nonsense chaotic predictions... and lets get along together, that's the spirit i bet most of the forumers have.

TIA
well. I see it going down now.....
if it was a major buy it should range more and create another peak at least...
  • #67,291
  • Feb 20, 2009 11:53am Feb 20, 2009 11:53am
This is a lesson for all of us, in the markets everything is possible. Got to love the volatility!
  • #67,292
  • Feb 20, 2009 11:54am Feb 20, 2009 11:54am
I see that this is good for scalp, not for me!!

Careful all or will lose money today!!!

Impossible to see at this level 1.2750 what next move!!

For Medium Term I am getting divergence feelings.

Brainstorming or a substantial and prolonged break.

Gold at 1000!!!

Big moves in coming days!!!
  • #67,293
  • Feb 20, 2009 11:55am Feb 20, 2009 11:55am
Quoting emda
well. I see it going down now.....
if it was a major buy it should range more and create another peak at least...

It's at the 61.8% fib, there are also those who left the ride to take profit (scalpers mostly) <- This is very common.

Now there's low to none volume, I guess it's lunch time in the US now

Let's wait, this doesn't necessarely move like a train always :
Traders are smartasses
  • #67,294
  • Feb 20, 2009 11:55am Feb 20, 2009 11:55am
Quoting gatorinla
its on a scale oil on one side dollar on other one goes down the other goes up
Indeed ..............because oil price is donoted in US Dollars.
Oil more in demand and no change in dollar .......... Oil goes up, ....... and vice versa.
The Thief of Wall Street
  • #67,295
  • Feb 20, 2009 11:56am Feb 20, 2009 11:56am
i am buying euro and Aussie now. Gold just reached $1007!!!
  • #67,296
  • Feb 20, 2009 11:56am Feb 20, 2009 11:56am
wow - this is a crowded room...who just elbowed me???
  • #67,297
  • Feb 20, 2009 11:57am Feb 20, 2009 11:57am
Quoting Chicky
Indeed ..............because oil price is donoted in US Dollars.
Oil more in demand and no change in dollar .......... Oil goes up, ....... and vice versa.
bingo... thanx
those who can, do. those who cant, talk about those who can
  • #67,298
  • Feb 20, 2009 12:00pm Feb 20, 2009 12:00pm
Quoting Chicky
Your are not alone my friend ...... I waited hours for this. ..... running away with my booty.
Right there with you guys.

I've been long since 1.2550, noticing over-sold daily stochs.

Close most of my position at the top.

Good weekend all.
  • #67,299
  • Feb 20, 2009 12:03pm Feb 20, 2009 12:03pm
Quoting bgin2end
wow - this is a crowded room...who just elbowed me???
hey hey hey...watch my stacy adams...no stepping on my stacy adams gators....
  • #67,300
  • Feb 20, 2009 12:03pm Feb 20, 2009 12:03pm
there couldn't be a better time for a short on EUR right now, trend is still down.
268 traders viewing now