EURUSD | Page 3511 | 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

  • #70,201
  • Mar 2, 2009 3:24am Mar 2, 2009 3:24am
Quoting Jasper
I'm keeping an eye on that. At present I'm short from 1.2583 and have taken 2 Lots out, if any bar closes above 1.2607 I would close out, as it will probably be going up to close Gap/ retest.

Good Trading.
just cloed my short at 1.2592 on observations from 1min & 30 second charts.

Got 19 pips out.
Not happy with that Gap above.

Good Trading.
Good Trading. (keep it simple).
  • #70,202
  • Mar 2, 2009 3:29am Mar 2, 2009 3:29am
Mystic i`m sure you remember what analytics used to say when oil was getting close to 150$/barrel? that we may see 200, even 250 in very close future. Now when we all are at crisis i dont trust them if they predict what is going to happen in more then few days. Usually more then 50% of them is wrong.
  • #70,203
  • Mar 2, 2009 3:46am Mar 2, 2009 3:46am
Quoting Mysticdiver
Some good friends of mine (traders) see e/u trading around 115xx to 118xx in the not so distant future. And though I respect their opinions, I don't see it happening, ( though anything is possible).
I will be posting some charts showing oil/eur/usd correlation, and the DOW Dollar Index correlation.
Reason #1: I don't think we will ever see cheaper oil then it is now.
And #2 if the dow is not at the bottom now, its got to be close. Just my opinion
And yes I know, opinions are like a**holes, everyone has one, and they all stink.

Its hard to imagine the DJ's has hit the bottom when its currently resting at the 7000 range, a steep decline from the chart you posted. We may see a bounce, but this isn;t your normal every decade recession.

Job losses in America are mounting, Debt is piling up, Savings are almost non-existent... Throw in a 3rd bailout for Citigroup and AIG, and more job cuts are expected throughout 09, surely this does not seem like the bottom.

To me at least it seems more like the US Government is just grinding it out through the gears of fragile economy that was based on Consumption and Equity, not on Production and Savings.

SunTrader I think is right, because throughout history, through every recession, the dollar has gained strength. From the 70's to the dot com bust. People like to convert to the dollar when times get bad because its considered a safe currency...

My question is, whats going to happen when the inflation of all these bailouts hits? This is sort of extreme but could we see prices for bread reach 100 dollars?

I live in Canada and I noticed prices went up for pop, bread, lettuce, pretty much everything in the markets... it wasn't anything jaw dropping, but i mean 30 cents in a couple months? lol
  • #70,204
  • Mar 2, 2009 3:52am Mar 2, 2009 3:52am
Quoting Mysticdiver
Some good friends of mine (traders) see e/u trading around 115xx to 118xx in the not so distant future. And though I respect their opinions, I don't see it happening, ( though anything is possible).
I will be posting some charts showing oil/eur/usd correlation, and the DOW Dollar Index correlation.
Reason #1: I don't think we will ever see cheaper oil then it is now.
And #2 if the dow is not at the bottom now, its got to be close. Just my opinion
And yes I know, opinions are like a**holes, everyone has one, and they all stink.
The Dow can easily go to 6000, or lower. Just a thought.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #70,205
  • Mar 2, 2009 4:03am Mar 2, 2009 4:03am
Looks like the gap can be the next playground
  • #70,206
  • Mar 2, 2009 4:34am Mar 2, 2009 4:34am
I had a SELL at eurusd on 17/02/2009 in my demo ac and had been holding that position until today with a $120 profit. I bought 1 lot. What "impresses" me is the swap. The swap is a staggering -$171.63 !!!

Can anyone explain to me why the swap is so high with just 1 lot that i had been holding for less than a month??? This is beyond my forex intellectuality to understand such high swap for 1 lot position. Anyone?
Collecting pips
  • #70,207
  • Mar 2, 2009 4:44am Mar 2, 2009 4:44am
Quoting Suj_cess
I had a SELL at eurusd on 17/02/2009 in my demo ac and had been holding that position until today with a $120 profit. I bought 1 lot. What "impresses" me is the swap. The swap is a staggering -$171.63 !!!

Can anyone explain to me why the swap is so high with just 1 lot that i had been holding for less than a month??? This is beyond my forex intellectuality to understand such high swap for 1 lot position. Anyone?
swap rate is dependent on the broker.

most broker would charge about $10 ~ $30 per day.
  • #70,208
  • Mar 2, 2009 4:45am Mar 2, 2009 4:45am
EURUSD current rate diference is about 2 percent. Its not certain because the US has a windows-rate. So it gives about 0.17 percent a month in swap. Ofcourse it will be positive swap for longs and negative for shorts.

Since you have one lot, 100000 euros were sold to buy dollars (short eurusd). Then you have 0.17 percent less each month because of swap costs.

i think this is the explanation

Quoting Suj_cess
I had a SELL at eurusd on 17/02/2009 in my demo ac and had been holding that position until today with a $120 profit. I bought 1 lot. What "impresses" me is the swap. The swap is a staggering -$171.63 !!!

Can anyone explain to me why the swap is so high with just 1 lot that i had been holding for less than a month??? This is beyond my forex intellectuality to understand such high swap for 1 lot position. Anyone?
  • #70,209
  • Mar 2, 2009 4:54am Mar 2, 2009 4:54am
Quoting OzorioFX
EURUSD current rate diference is about 2 percent. Its not certain because the US has a windows-rate. So it gives about 0.17 percent a month in swap. Ofcourse it will be positive swap for longs and negative for shorts.

Since you have one lot, 100000 euros were sold to buy dollars (short eurusd). Then you have 0.17 percent less each month because of swap costs.

i think this is the explanation
That makes alot of sense....THANKS!! does this mean being short is always at the disadvantage side for longer term?
Collecting pips
  • #70,210
  • Edited 5:59am Mar 2, 2009 5:00am | Edited 5:59am
Quoting arthurb
the direction will be decided in the London session
this aussie session is the extension of friday cool-off

i see only bears here,
that means,
this is the time to go long @ 1.2590 SL 1.2540 ,
and go to sleep
woke up and see the eur hasn't filled the f***g gap yet .
well, this session
should not be anything else than a slow slide after all,
the gapping technique didn't work this time, thinking all those gaps in a raw, (in stock 3 in raw is sign of reversal or exhaustion, for those who didnt know that), and another thing too , gaps from anonymous brokers are not tradable , only the gaps from the futures are.
i guess, just have to follow the herd right now, but very carefully

ES is @ 715, my line in the sand is 680, lets see
usdx is on a rising wedge (not a good sign)

Mysticdiver,
you lucky bastard, you have seen him 3 times live (J.H)
Attached Image (click to enlarge)
Click to Enlarge Name: usdx.png Size: 128 KB
  • #70,211
  • Mar 2, 2009 5:28am Mar 2, 2009 5:28am
Yes. That was especially bad when you were shorting say NZDJPY were the diference was 7% lol

Quoting Suj_cess
That makes alot of sense....THANKS!! does this mean being short is always at the disadvantage side for longer term?
  • #70,212
  • Mar 2, 2009 5:31am Mar 2, 2009 5:31am
my target today 1.2475
Attached Image (click to enlarge)
Click to Enlarge Name: eh.gif Size: 41 KB
{Promotion Removed}
  • #70,213
  • Mar 2, 2009 5:42am Mar 2, 2009 5:42am
A risky short at 1.2591, either it will pay well or I WILL.

Good Trading.
Good Trading. (keep it simple).
  • #70,214
  • Mar 2, 2009 5:46am Mar 2, 2009 5:46am
30 pips risky. you should stop above the 1.2620. Above that the market can be tempted to close sundays gap.

Quoting Jasper
A risky short at 1.2591, either it will pay well or I WILL.

Good Trading.
  • #70,215
  • Mar 2, 2009 5:53am Mar 2, 2009 5:53am
We have a double top at 1.2621. PA is trying to gor there again so in case of not breaking it again we will have triple top. Shorts can be load from there, i think we are going south for some hours after running from there
  • #70,216
  • Mar 2, 2009 5:54am Mar 2, 2009 5:54am
We've been getting higher highs and higher lows for the last 3 hours. If we get a close above 2630 it just might go long for a while. I know this range trading is getting old. Make up your mind...up or down.
  • #70,217
  • Mar 2, 2009 6:19am Mar 2, 2009 6:19am
My short orders @ 2600 were hit last night. 100 pip TSL.

Snow Day here - woke up to 8" and an open position.
  • #70,218
  • Mar 2, 2009 6:20am Mar 2, 2009 6:20am
Quoting OzorioFX
30 pips risky. you should stop above the 1.2620. Above that the market can be tempted to close sundays gap.
That is the only thing that is nagging at me.

Just pulled 2 Lots out at 1.2570. Hope the last one rides it down!!!

Good Trading.
Good Trading. (keep it simple).
  • #70,219
  • Mar 2, 2009 6:20am Mar 2, 2009 6:20am
Looks like if support at 1.2580 is broken it could slide along ways down
  • #70,220
  • Mar 2, 2009 6:26am Mar 2, 2009 6:26am
Quoting Suj_cess
I had a SELL at eurusd on 17/02/2009 in my demo ac and had been holding that position until today with a $120 profit. I bought 1 lot. What "impresses" me is the swap. The swap is a staggering -$171.63 !!!

Can anyone explain to me why the swap is so high with just 1 lot that i had been holding for less than a month??? This is beyond my forex intellectuality to understand such high swap for 1 lot position. Anyone?

Excellent explaination of this can be found here:

http://www.alpari.co.uk/en/alpari_ac..._interest.html
670 traders viewing now