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  • #77,241
  • Mar 18, 2009 5:12pm Mar 18, 2009 5:12pm
Quoting Areo jide
i think we are still gong to 1.6000, should still move over 200 pips tomorow
Can you to explain how you found this and can you show that your chart?
Thank you
  • #77,242
  • Mar 18, 2009 5:13pm Mar 18, 2009 5:13pm
Hi!

I have been keeping an eye on EURUSD for some time now and on march 5th, when i saw what i believed to be a reversal in trend I went long at 1.27214 . Not in my wildest dreams would have i imagined what happened today. I've no reasonable explanation on why this huge increase happened, i've been looking on economic calendars, news releases, but still don't get it.
I know i should not be complaining, my position hit a TP at 1.3311 and exited with a nice 590.0 pips profit, although it could had been more had i placed the TP higher, but how could i imagine?

Anyhow, can anyone enlighten me as to what might have caused such a huge increase in EUR? Or is it just the smart money doing their thing ? I imagine a ret / correction could take place? I think i'll stay on the side for now, till i can clearly see whats going on.

Just my 2c
  • #77,243
  • Mar 18, 2009 5:15pm Mar 18, 2009 5:15pm
fed has dropped another trillion in the markets this afternoon....
  • #77,244
  • Mar 18, 2009 5:16pm Mar 18, 2009 5:16pm
on the weekly chart, but you must wait for 15 weeks to see that become true
  • #77,245
  • Mar 18, 2009 5:17pm Mar 18, 2009 5:17pm
Quoting GreedyPIPs
Anyhow, can anyone enlighten me as to what might have caused such a huge increase in EUR?
This is why: http://www.bloomberg.com/apps/news?p...N64&refer=home
  • #77,246
  • Mar 18, 2009 5:18pm Mar 18, 2009 5:18pm
Quoting sinisabrkic
Can you to explain how you found this and can you show that your chart?
Thank you
Greed, Hope, And last but not least FEAR!
  • #77,247
  • Mar 18, 2009 5:19pm Mar 18, 2009 5:19pm
Quoting GreedyPIPs
Hi!

I have been keeping an eye on EURUSD for some time now and on march 5th, when i saw what i believed to be a reversal in trend I went long at 1.27214 . Not in my wildest dreams would have i imagined what happened today. I've no reasonable explanation on why this huge increase happened, i've been looking on economic calendars, news releases, but still don't get it.
I know i should not be complaining, my position hit a TP at 1.3311 and exited with a nice 590.0 pips profit, although it could had been more had i placed the TP higher, but how...
I think USD bulls gave up finally after the FED statement is: "WANT WEAKER DOLLAR"

GL&GT
  • #77,248
  • Mar 18, 2009 5:23pm Mar 18, 2009 5:23pm
Ive read many persons asking the why to this move in the EUR-dollar,and why has EUR valuated so much? The thing is, the EUR is probably worthing quite the same as yesterday, but not the dollar. The fed as released it plan to buy troubled assets and that means that they will print more money to do so. That means weaker dollar.

However this is a place to short. We have a gap to be filled down to 1.32 at least. This will be a move that could invalidate the W pattern that we are seeing in the weekly and monthly chart. Not seeing it at 1.6 this year, but i can see it way above that value in the near future.

With so many dollars printed, sooner or later we will have inflation tikling mr Bernanke and making him raise the rates again. But in Europe that will probably start sooner
  • #77,249
  • Mar 18, 2009 5:24pm Mar 18, 2009 5:24pm
ALL this move up and My sys no sign for bear!! otherwise i got more bull in other currency like aud/usd!!
I suppose 1.3570-90 my weekly R But will not take short till got signal stick with my sys and rule
  • #77,250
  • Mar 18, 2009 5:27pm Mar 18, 2009 5:27pm
I'd like to hear some opinions about the resistance/support levels now. Are we establishing support at 3490? Estimates on how long it's going to take to bomb?
  • #77,251
  • Mar 18, 2009 5:31pm Mar 18, 2009 5:31pm
Quoting nvcK
Oh and my opinion on the current Euro surge? Well, take this with a grain of salt: Only way US stocks can rise in the near future - and they just did - is that US Treasury/FED inflationary policy starts to take effect. They have been buying "troubled assets" <- newspeak for forfeited debt left and right, pumping money into the system. This means increased $ supply which will eventually result in EUR rising against the USD. Only things that tell you this in real time are rising stocks and falling T-bond yields, rest of the indicators you find on...
Can not resist but to quote myself. T bonds fell so much it made a thump.
  • #77,252
  • Mar 18, 2009 5:32pm Mar 18, 2009 5:32pm
Good morning first of all,

Wow the EUR did a nice move up during the night. I didn't take part of it as my alarms went off but I didn't hear them.

First thing this morning was to get up the charts and what a picture!

I asked my girlfriend last night what she thinks about the chart in front of me and as she has no idea about trading she said looks like its going up. This did it for me I was bias short, but her comment was clear it will go up! Anyways changed bias to neutral and said to myself if it breaks 1.3100 I will go long, hehhe, and went to bed.

Well I guess thats it for now. I do not see the EUR move a lot during Sydney session maybe a small retrace but not worth trading. I really need to move back to Europe and trade during normal hrs.
For all those who will trade good pips!!

The future is going to be interesting and I am looking forward to it, maybe next time I will manage to be awake
Trade on your own risk Plan your trade&trade your plan dont be a
  • #77,253
  • Mar 18, 2009 5:37pm Mar 18, 2009 5:37pm
The Thief of Wall Street
  • #77,254
  • Mar 18, 2009 5:49pm Mar 18, 2009 5:49pm
OMG check out USDJPY! that thing fell of the daily 50% fibo so hard it will get bruises all over the place.
  • #77,255
  • Mar 18, 2009 5:53pm Mar 18, 2009 5:53pm
For the time being, I'm short.
Lets see how far it goes.
Attached Image (click to enlarge)
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New voice message: Why are you calling me? If I need you, I'll call you!
  • #77,256
  • Mar 18, 2009 5:55pm Mar 18, 2009 5:55pm
OMG! I raised my stoploss on a huge long to take extra profit, and it hit it just before moving up. I think I'm going to be sick. I guess not, but it's funny how this stuff happens, I would of had my $10,000 to start. Well, it just wasn't in the cards. I guess I have to earn it.
  • #77,257
  • Edited 6:26pm Mar 18, 2009 6:03pm | Edited 6:26pm
Quoting dallavise
OMG! I raised my stoploss on a huge long to take extra profit, and it hit it just before moving up. I think I'm going to be sick. I guess not, but it's funny how this stuff happens, I would of had my $10,000 to start. Well, it just wasn't in the cards. I guess I have to earn it.
Everything has to be earned. No free ticket.
  • #77,258
  • Mar 18, 2009 6:04pm Mar 18, 2009 6:04pm
Hi all.
Today I've a big loss! After a winning month (I think.. "it's easy..."), today my broker give me a huge gift named "margin call" :-(
Well, I'm a novice, so losses have to came, but I'm asking me "why no SL when every book and a bit of reason said to set it?" Perhaps this is a good lesson for tomorrow... better than reading a book.
Sorry for my speech..

Good trading,
richboy... (what a name :-))
I'll send a bottle of wine to my first voucherer ;-)
  • #77,259
  • Mar 18, 2009 6:05pm Mar 18, 2009 6:05pm
Seems like 1.38 is the next target now.
  • #77,260
  • Mar 18, 2009 6:08pm Mar 18, 2009 6:08pm
"While USD is poised to weaken in near term, look to fade the selloff, says UBS; keeps to bearish EUR/USD forecast, looks for 1.30 in 3-months. "While the Fed's recent actions have an element of quantitative easing to them, they differ from textbook QE. The U.S. is purchasing Treasurys and creating more liquidity but is not explicitly targeting the money supply, like the BoE decided to do. It is an important distinction which we think should fail to hurt the dollar on a sustained basis, unlike sterling." Looks for further USD support as ECB may be forced to alter its rhetoric sharply in coming days, even though this is not of their volition; "current market expectations of gradual easing by the ECB are no longer relevant and the sharp adjustment in policy expectations in the coming days will likely hurt the euro. What's more, the rally in Treasurys will be watched by the U.S.' sovereign creditors with great interest."

DJ
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