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  • #82,641
  • Apr 2, 2009 6:59am Apr 2, 2009 6:59am
Anyone has the link to the ECB`s press conference at 8:30 am ?
  • #82,642
  • Apr 2, 2009 6:59am Apr 2, 2009 6:59am
I think they will take euro down to previous lows before heading north
  • #82,643
  • Apr 2, 2009 6:59am Apr 2, 2009 6:59am
Quoting plan-b
That's one way to look at it but if you trade longer term it could be the day that already established set ups are activated..The market is always setting up an opportunity

that rate decision activated this trades that i have been seating on for a while

Short EUR/USD 1.34
Long USD/CAD 1.25 target above 1.30

Still waiting for long USD/CHF at 1.1350
Some drink at the fountain of knowledge. Others just gargle !
  • #82,644
  • Apr 2, 2009 7:00am Apr 2, 2009 7:00am
The big question for EURO, is quantitative easing in the mix???

I am relly starting to think the Euro is not worth what it is trading for.
  • #82,645
  • Apr 2, 2009 7:00am Apr 2, 2009 7:00am
dont go short ..yet it will move up faster wait n see
be patient, self-belief and discipline... stay focus...
  • #82,646
  • Apr 2, 2009 7:04am Apr 2, 2009 7:04am
Hm ? Do not trade news ? Why ? Why do not trade at the time you can make lot of pips in 10 minutes and go off ?

I made good deal on long before news, i didnt, expected cut to 1 point at all. Then immediately I opened short when price bounce at 1.3405 , goes little bit high at 3418 and dropped down and I closed position at 3360. And I opened long again and I now hold it.

So tell me why do not trade ? It is the easiest and shortest pips ever. Market offers this to you, you just need to use your brain not emotions.

It is only about that...
Wish you a lot of great moments with those you love.
  • #82,647
  • Apr 2, 2009 7:04am Apr 2, 2009 7:04am
Quoting TIckerShuffl
The big question for EURO, is quantitative easing in the mix???

I am relly starting to think the Euro is not worth what it is trading for.
You're absolutely right but when valued against the dollar its probably fairly priced.
  • #82,648
  • Edited 7:07am Apr 2, 2009 7:05am | Edited 7:07am
Quoting TIckerShuffl
The big question for EURO, is quantitative easing in the mix???

I am relly starting to think the Euro is not worth what it is trading for.
It never has been.

I just dont know if the time for the GBP has arrived to proclaim some dominance.
  • #82,649
  • Apr 2, 2009 7:05am Apr 2, 2009 7:05am
Wonder how many ppl got pissed on with this shocker
  • #82,650
  • Apr 2, 2009 7:08am Apr 2, 2009 7:08am
LOL.... always the same
  • #82,651
  • Apr 2, 2009 7:08am Apr 2, 2009 7:08am
Quoting Kess.
Hm ? Do not trade news ? Why ? Why do not trade at the time you can make lot of pips in 10 minutes and go off ?

I made good deal on long before news, i didnt, expected cut to 1 point at all. Then immediately I opened short when price bounce at 1.3405 , goes little bit high at 3418 and dropped down and I closed position at 3360. And I opened long again and I now hold it.

So tell me why do not trade ? It is the easiest and shortest pips ever. Market offers this to you, you just need to use your brain not emotions.

It is only about that...
I don't trade news because it's unpredictable and it feels too much like gambling. Basically you are trying to guess what the news will be and what the market reaction to that news will be.

Yeah you will be right sometimes but I am still not comfortable trading the news.

In other words - 'trade what you see not what you expect' EOHATER
  • #82,652
  • Apr 2, 2009 7:08am Apr 2, 2009 7:08am
Quoting TIckerShuffl
The big question for EURO, is quantitative easing in the mix???

I am relly starting to think the Euro is not worth what it is trading for.
Through cutting by "only" 25bps, it delays the moment when the ECB may decide to use the nuclear option of QE. For now, the ECB still has bullets in the gun, preferring a measured wait and see approach, and Trichet may indicate in the press conference their intention to widen the "enhanced credit support" currently provided to banks within the eurozone, through lengthening the tenure of liquidity provided (from six month to possibly twelve months), reducing the haircuts taken on assets used by banks in the scheme or by accepting lower quality collateral.
  • #82,653
  • Apr 2, 2009 7:09am Apr 2, 2009 7:09am
how come nobody posting "I my account"?
  • #82,654
  • Apr 2, 2009 7:09am Apr 2, 2009 7:09am
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
ha got my 3415 and i was too chicken to short...should stuck to the plan but always risky during news
  • #82,655
  • Apr 2, 2009 7:11am Apr 2, 2009 7:11am
Quoting dbfusion
Thank you very much FX
it seems that it agrees with my chart

the bottom line of the channel is an old uptrend line . price respected it during the drop 3 times
so I was buying near that line

I will short from 3400 to 3440

if it reached ofcorse
We're now sitting on top of that green line from my chart btw.
  • #82,656
  • Apr 2, 2009 7:12am Apr 2, 2009 7:12am
Quoting TIckerShuffl
The big question for EURO, is quantitative easing in the mix???

I am relly starting to think the Euro is not worth what it is trading for.
The problem with EUR and QE is:

a) EU as a whole does not issue bonds.
b) ECB is not authorised to buy bonds of individual countries.

Rule a) has no exceptions, at least until Lisboa treaty is approved and then some time to draft the details. Rule b) can be avoided by buing the bonds from banks of the eased country, not from the country itself but it does not seem to be on the cards right now. Could happen only if Spain or Greece got into deep trouble (Spain is particularly vulnerable due to local construction business being dependent on British citizens buying holiday properties with Brits being "bloody insolvent" atm, good thing Santander did not blow up, they have strong business in Latin America afaik), I do not think ECB is willing to risk EUR plunge for minor countries like Hungary and Latvia.
  • #82,657
  • Apr 2, 2009 7:12am Apr 2, 2009 7:12am
Quoting psiholog
i also notice there are 20members and 22 guests currently on the thread. BRILLIANT on the part of those who are away...i just hope they are smart enough to stay away starting roughly 12hours from now when we may see 100pip swings in minutes.
The usual reaction at such times is 100members...100+ guests and many asking...what just happened....i lost a *&#load of pips and i have no idea why (so hoping maybe this time around....not as many fall in the chaos that we KNOW will happen real soon)
whats wrong with this picture
Different opinions highly valued, ignorant to slander.
  • #82,658
  • Apr 2, 2009 7:15am Apr 2, 2009 7:15am
Quoting stewrigh
I don't trade news because it's unpredictable and it feels too much like gambling. Basically you are trying to guess what the news will be and what the market reaction to that news will be.

Yeah you will be right sometimes but I am still not comfortable trading the news.
It is not primary about guesing what news will be, but it is good to know it. I watch each ECB press conference and tritchet do not like idea of very low interest rates and lot of people also. It is not good to cut rates to extremly low levels as japans and america did. So i thought about possibility they will not cut it about .5 point but about 0.25, and price acion showed it very nicely at this time, so I can not wait and look how it goes without me in market

And price acion now was easy to read, sometimes it is hard and I am away, but lot of time it offers very good pips. So I did only what market showed to me, jump high, retrace down and slowly goiong up....easy.
Wish you a lot of great moments with those you love.
  • #82,659
  • Apr 2, 2009 7:15am Apr 2, 2009 7:15am
Quoting goranFX
Anyone has the link to the ECB`s press conference at 8:30 am ?
http://www.ecb.int/home/html/index.en.html

On that page click on the Live webcast: press conference link when the conference is about to start.
  • #82,660
  • Apr 2, 2009 7:17am Apr 2, 2009 7:17am
Quoting F.x.
We're now sitting on top of that green line from my chart btw.
my line @ 3430 exactly



i might short
honestly soon if went just further up
I SEE YOU !!
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