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EURUSD

  • #96,101
  • May 14, 2009 6:52am May 14, 2009 6:52am
Quoting dbfusion
lol

and now its going back because they realized there was a typo
lmao!!!
  • #96,102
  • May 14, 2009 6:53am May 14, 2009 6:53am
Quoting cammomile
LOL

Professionals have just finished reading 200 pages of ECB Monthly bulletin.

  • #96,103
  • May 14, 2009 7:01am May 14, 2009 7:01am
Quoting plan-b
keeps hitting 1.3578 and turning down
but support still holding
a break out in either direction looks about to happen
im still holding my long at the border 1.3580
averaged down to 1.3570 and closed all but 1 at BE
Some drink at the fountain of knowledge. Others just gargle !
  • #96,104
  • May 14, 2009 7:03am May 14, 2009 7:03am
We are in a timing that will be full of action.

Unless you are already in the market with shorts above 1.3611, longs below 1.3540, stay out now.

SET SL BE or tiny SL for your trades and enjoy the next moves.
  • #96,105
  • May 14, 2009 7:05am May 14, 2009 7:05am
Do you guys agree that the price is usually marked up or down just before the news releases?

In my short forex experience I have noticed that the price goes up just before the "bad news" and visa versa. Not always, but there is a definite pattern.

What do you think?
  • #96,106
  • May 14, 2009 7:11am May 14, 2009 7:11am
Quoting cammomile
Do you guys agree that the price is usually marked up or down just before the news releases?

In my short forex experience I have noticed that the price goes up just before the "bad news" and visa versa. Not always, but there is a definite pattern.

What do you think?
Don't know if it fact, but I have had similar thoughts...just did on this dip.
  • #96,107
  • May 14, 2009 7:14am May 14, 2009 7:14am
get ready news shortly...get set for TP,SL....
PPI.....
  • #96,108
  • May 14, 2009 7:14am May 14, 2009 7:14am
It was only a matter of time before the economic data wouldn’t hold up to the hype and “green shoots” theory trampled on. And yesterday was such a day, quickly reversing risk takers growing optimism. Actually, yesterday started off very well, with China's retail sales posting a 14.8% y/y jump and recoveries champion continued to make headway. However, in the Eurozone industrial production dipped more than expected at -2.0%m/m but it was the US retails sales that really sent investors to the exist and noticeable shift in risk appetite. Sales contracted by 0.4% vs. 0.0% exp, and the previous reading was revised lower to -1.3%, illustrating that consumption data has less momentum optimistically forecast. While perhaps the worst is over, evidence of an actually recovery is thin. Wall Street headed south with the S&P closing down -2.68% and yields slipped with the 30yr trading around 4.10%. Financial stock absorbed a disproportionately amount of selling, as Geithner comments that the banking sectors has begun to heal and systemic risks have diminished, spooked traders.Today, Chinese industrial profits in the first quarter in 22 Chinese provinces fell -32.2% y/y. Not a great signal from the world's engine of growth. Asian equity market closed lower, while commodities prices continue to soften. USD and JPY have been the beneficiary of this rapid change, as risky assets have been sold off (USDJPY selling is at the front of the recent JPY strength). Speaking of JPY, BoJ's Governor Shirakawa's commented that excessive volatility in the FX markets is not desirable. Shirakawa's comments came as USDJPY is headed towards 95.15 and threatening to break daily cloud cover.Yesterday, the dovish BoE inflation report said that inflation would drop to 0.5% y/y later this year before rising to just over 1% y/y two years hence (well short of the 2% medium target). With the BoE steering clear for additional easing in the official bank rate, it suggests that further quantitative easing is around the corner. Sterling fell sharply on the report trading to 1.5090 against the USD by days end. In Europe, the rift in the ECB has appeared again regarding the banks strategy to buy EUR60bn worth of covered bonds. Council Member Weber stated that covered bond purchases would be capped while Kranjec said purchases are "likely" to surpass that level. In addition, Weber said he saw no need to buy more private debt in contrast to Kranjec's statement that the ECB cannot exclude purchases of corporate bonds and commercial paper. Neither comment contradicted Trichet's earlier remarks but is does warn traders of further pubic disagreements by members ahead of the June 4th meeting. The sudden turn in sentiment has been palatable, with media outlets quickly singing a different tune. By there are less subtle signals that traders should brace themselves for a short term leg down in risk appetite. Strong bear trends in EM Asian currencies such as USDSGD are stalling, while commodity such as copper is well off the month's high (and trending lower). With only US initial jobless claims and PPI ahead today, markets will be watching asset prices vigilantly.EurUsd Rapid shift in risk appetite has turned the fate of this pair. Break of 1.3350 today suggest the uptrend has lost momentum near term. Trading above pervious range high 1.3400 will keep hope of 1.3740 (march peak) test alive.
Resistance and Support:
EURUSD
1.3830
1.3725
1.3650
1.3584
1.3455
1.3380
1.3340
  • #96,109
  • May 14, 2009 7:15am May 14, 2009 7:15am
u have to know that information that is published by USA government and its institutions isn't actual always , it is a fact that it could be hight or lowered than actual so the market get forced and economy pushed. It's not happening that much but from time to time
CrizZzZzZzZz
  • #96,110
  • May 14, 2009 7:16am May 14, 2009 7:16am
newbies!!! news comming out.. if you dont have to be in a trade dont...tighten up your sl... wait till dust settles...maybe 10 min or so after... may be some whip saws
those who can, do. those who cant, talk about those who can
  • #96,111
  • May 14, 2009 7:18am May 14, 2009 7:18am
Quoting Hasnaa
[i][font=Times New Roman][size=3][color=purple]It was only a matter of time before the economic data wouldn’t hold up to the hype and “green shoots” theory trampled on. And yesterday was such a day, quickly reversing risk takers growing optimism. Actually, yesterday started off very well, with China's retail sales posting a 14.8% y/y jump and recoveries champion continued to make headway. However, in the Eurozone industrial production dipped more than expected at -2.0%m/m but it was the US retails sales that really sent investors to the exist and...
pretty good .. but add in china always lies...
those who can, do. those who cant, talk about those who can
  • #96,112
  • May 14, 2009 7:24am May 14, 2009 7:24am
.... that this will drop, I think it will be in slow mode, set now M15 or M30 Bear symmetric channels and short every top until 1.3100.

1.3330 area could see strong resistance then.

I will be out now for more some days.

bye all and Gl

My tips was already given, enjoy it!
  • #96,113
  • May 14, 2009 7:25am May 14, 2009 7:25am
Back in.... long @ 3546. I don't like trading news but we're on a strong support TL so I'll risk part of this morning's profits for what could be a good payoff.
  • #96,114
  • May 14, 2009 7:30am May 14, 2009 7:30am
Quoting BoredToLoose
.... that this will drop, I think it will be in slow mode, set now M15 or M30 Bear symmetric channels and short every top until 1.3100.

1.3330 area could see strong resistance then.

I will be out now for more some days.

bye all and Gl

My tips was already given, enjoy it!
Have another view
  • #96,115
  • May 14, 2009 7:31am May 14, 2009 7:31am
cpi # +3/10 jobless up...above 600k...let it digest



wait for dust to setlle
those who can, do. those who cant, talk about those who can
  • #96,116
  • May 14, 2009 7:35am May 14, 2009 7:35am
I told U about the Lowest point "1.3531" !!!
Didn't I...!?
now get ready again for 1.3721 !!!

  • #96,117
  • May 14, 2009 7:36am May 14, 2009 7:36am
closed my short + 35 pips. lets see what happens next
  • #96,118
  • May 14, 2009 7:40am May 14, 2009 7:40am
i am thinking of 1.3500 as end of C corection wave , and beggining 5 up waves
CrizZzZzZzZz
  • #96,119
  • May 14, 2009 7:41am May 14, 2009 7:41am
Hi hasnaa, follow your posts and i really think you are the best.

Good luck from Spain.
  • #96,120
  • Edited 8:08am May 14, 2009 7:43am | Edited 8:08am
Quoting Hasnaa
Highest & Lowest Points 4 the next 24 hours ;

1.3721 & 1.3545

G'night !!

Have a nice Trading !

no but you were close it got to 3525 on my chart ...off 20 pips... so ill give you this... that was pretty damn good.. now lets c if market agrees with you.. i think its a steep ass hill..with much stumbling.. still got lots of time left in those 24 hours. 8 more hours as i write this..
those who can, do. those who cant, talk about those who can
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