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EURUSD

  • #82,621
  • Apr 2, 2009 6:48am Apr 2, 2009 6:48am
WTF!
  • #82,622
  • Apr 2, 2009 6:48am Apr 2, 2009 6:48am
haha.. the ecb really saving the interest rates. everyone was expecting 1%
  • #82,623
  • Apr 2, 2009 6:48am Apr 2, 2009 6:48am
News time...LOL...off to the CRAZY races!
Ghost Rider - WWTBMD?
  • #82,624
  • Apr 2, 2009 6:49am Apr 2, 2009 6:49am
Quoting vinesh2
WTF! they increased the rate?
lower it from 1.5 to 1.25
  • #82,625
  • Apr 2, 2009 6:49am Apr 2, 2009 6:49am
Was the announcement of the FED buying treasuries the death knell for the USD?

I suppose a similar announcement from ECB might be a shocker, although demand for EURO zone bonds is a mystery to me. Anyone have any opinion on Euro bond issuances?
  • #82,626
  • Apr 2, 2009 6:49am Apr 2, 2009 6:49am
Quoting bad$ala
i just feel the same just a while ago, but i know how to overcome not trading,
so i just trade a small lot 0.10 so i dont have the fear of loosing a huge amount

The problem with 0.1, although better than Demo, it's not enough to care about, it's also a hobby amount your never going to be able to get anywhere near a 2nd income or what ever your goal is, unless you can accept and take some risks.

Thats 10cents right per pip ?? if it's $1 per pip then I'm trading at that so ignore above, $2 soon though!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #82,627
  • Apr 2, 2009 6:49am Apr 2, 2009 6:49am
Quoting vinesh2
WTF! they increased the rate?
Anyone know if they moved the rate???
  • #82,628
  • Apr 2, 2009 6:50am Apr 2, 2009 6:50am
is any one trading now ?!!
I SEE YOU !!
  • #82,629
  • Apr 2, 2009 6:50am Apr 2, 2009 6:50am
See this spike in the chart. That is why it is dangerous to trade things like a rate decision or a NFP. Be aware of NFP tomorrow if you are new to forex trading.
Attached Image (click to enlarge)
Click to Enlarge Name: ratedecisionsECB.jpg Size: 312 KB
  • #82,630
  • Apr 2, 2009 6:50am Apr 2, 2009 6:50am
Man the ECB ppl are chicken
  • #82,631
  • Apr 2, 2009 6:50am Apr 2, 2009 6:50am
Quoting dbfusion
boom

good you closed it FX

I even opened some longs at the same time
  • #82,632
  • Apr 2, 2009 6:51am Apr 2, 2009 6:51am
Quoting stewrigh
Anyone know if they moved the rate???
yeah they moved it from 1.5% to 1.25%. The market was expecting them to cut it to 1%
  • #82,633
  • Apr 2, 2009 6:51am Apr 2, 2009 6:51am
Australia news reported the other night that they did not expect ECB to cut at all, while US news reports .50. .25 seems like a responsible move.

EDIT: Short scalp was positive pips! Was in the trade for 30 seconds for 12 pips. I'll take it.
  • #82,634
  • Apr 2, 2009 6:53am Apr 2, 2009 6:53am
Quoting altrader
yeah they moved it from 1.5% to 1.25%. The market was expecting them to cut it to 1%
Now in my book that should send Euro north.
Thanks BTW
  • #82,635
  • Apr 2, 2009 6:53am Apr 2, 2009 6:53am
haha....make pips..today..target 3148
be patient, self-belief and discipline... stay focus...
  • #82,636
  • Apr 2, 2009 6:54am Apr 2, 2009 6:54am
Quoting TIckerShuffl
Australia news reported the other night that they did not expect ECB to cut at all, while US news reports .50. .25 seems like a responsible move.
which leaves room to cut even more in the future. i wouldnt be surprised if after Trichet's speech we TANK
Different opinions highly valued, ignorant to slander.
  • #82,637
  • Apr 2, 2009 6:54am Apr 2, 2009 6:54am
Quoting F.x.
I even opened some longs at the same time
lol

i saw the 3400 and ofcorse after this sudden explosion i was too chicken to short

and it went to 3419 my selling area to the pip ofcorse i didn't short anything


now i have to wait and sit back and just watch the show

my plan still valid i hope so
I SEE YOU !!
  • #82,638
  • Apr 2, 2009 6:57am Apr 2, 2009 6:57am
I have closed all my longs before the rate announcement at 1.3370.
Then open two shorts there before the rate, I loose these ones.

Now I have only 1% account with shorts, and .
  • #82,639
  • Apr 2, 2009 6:57am Apr 2, 2009 6:57am
Quoting Turveyd
The problem with 0.1, although better than Demo, it's not enough to care about, it's also a hobby amount your never going to be able to get anywhere near a 2nd income or what ever your goal is, unless you can accept and take some risks.

Thats 10cents right per pip ?? if it's $1 per pip then I'm trading at that so ignore above, $2 soon though!!
yes thats my situation because i am only a rookie in forex. but imagine we have been at the chart for hours, plotting lines and fibs, and reading the news waiting for price to reach a level and when its time i just cant do it. with 0.1 i still manage to get €100 sometimes
  • #82,640
  • Apr 2, 2009 6:58am Apr 2, 2009 6:58am
Quoting dbfusion
lol

i saw the 3400 and ofcorse after this sudden explosion i was too chicken to short

and it went to 3419 my selling area to the pip ofcorse i didn't short anything


now i have to wait and sit back and just watch the show

my plan still valid i hope so
My plan hasn't changed today either - DON'T TRADE NEWS - never do(well almost) - LOL
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