EURUSD | Page 5122 | 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

  • #102,421
  • May 28, 2009 8:15pm May 28, 2009 8:15pm
Quoting knuckledrag
Ok play it your way
I admit it I have been back and forth on this for 2 weeks.

I could be back long in a hartbeat...lol.

Just hypothesizing.

EDIT: not to mention the amount of hype this weak dollar / oil bull has been getting. Doesn't it become over done at some point?
  • #102,422
  • May 28, 2009 8:20pm May 28, 2009 8:20pm
Quoting TIckerShuffl
While you are long you are holding Euros, so if you want dollars you'll need to buy them back at 1/5000 the price.
This is the point. However, with 50:1 margin, one would be able to buy 50 euros. But we promote 1% risk (1:100) and 1:50 account leverage. So my one percent will be 50 times over covering inflation - good, what about rest 99% idle balance in my account? that 99% will lose purchasing power. I gain nothing.
The Thief of Wall Street
  • #102,423
  • May 28, 2009 8:27pm May 28, 2009 8:27pm
Quoting Chicky
This is the point. However, with 50:1 margin, one would be able to buy 50 euros. But we promote 1% risk (1:100) and 1:50 account leverage. So my one percent will be 50 times over covering inflation - good, what about rest 99% idle balance in my account? that 99% will lose purchasing power. I gain nothing.
lol well you have a point there. 1% risk is a fallacy, perhaps. 2% might make a difference worth considering.
  • #102,424
  • Edited 8:35pm May 28, 2009 8:34pm | Edited 8:35pm
Quoting TIckerShuffl
lol well you have a point there. 1% risk is a fallacy, perhaps. 2% might make a difference worth considering.
I was just kidding. The bottom line is to have return more than inflation. However, If I am a long term trader, I should maintain my account balance in the currency that appreciates in value plus should also bet on my own currency. I will gain 50 times on my 1% and more on my rest 99%. For short term traders, volume of transation will yield higher return with the power of compounding factor. Food for thought, isn't it?
The Thief of Wall Street
  • #102,425
  • May 28, 2009 8:34pm May 28, 2009 8:34pm
For the people that think we are only headed higher consider the following:

China holds a substantial amount of their reserve in US dollars. At the moment they (China) are buying every commodity that they can. Ultimately changing the foreign reserve cash pile for tangible assets that are offered at a discount in comparison to this time last year.

With more than a trillion US dollars in the purse it would seem unlikely that they could divest themselves of that many dollars without completely shooting themselves in the foot.

Essentially they would have to divest of 1 Million time a million dollars.
The bottom line is if you owe the bank a million dollars then you are in trouble but if you owe the bank 1 billion dollars then the bank is in trouble.

In this case the bank is owed more than a trillion dollars. Tell me – who do you think is in trouble?
  • #102,426
  • May 28, 2009 8:38pm May 28, 2009 8:38pm
Quoting bablo
For the people that think we are only headed higher consider the following:

China holds a substantial amount of their reserve in US dollars. At the moment they (China) are buying every commodity that they can. Ultimately changing the foreign reserve cash pile for tangible assets that are offered at a discount in comparison to this time last year.

[font=Arial Narrow][size=3]With more than a trillion US dollars in the purse it would seem unlikely that they could...
LOL! or LOL?
Traders are smartasses
  • #102,427
  • May 28, 2009 8:38pm May 28, 2009 8:38pm
Quoting Chicky
If I can buy one euro with my USD denoted account balance. Me being long, even after 5000 pips up, my account will still be able to buy only one euro. What do I gain in real terms....... pips?
Maybe it is your broker that limits you this way?
If I go long 2 mini lots @ Oanda and it goes up 100 pips, then I have more margin, even if I don't close the trade first, so I can buy more. And as long as it goes in my direction, I can keep buying.

Shamu
New voice message: Why are you calling me? If I need you, I'll call you!
  • #102,428
  • Edited 8:52pm May 28, 2009 8:46pm | Edited 8:52pm
Quoting bablo
For the people that think we are only headed higher consider the following:

China holds a substantial amount of their reserve in US dollars. At the moment they (China) are buying every commodity that they can. Ultimately changing the foreign reserve cash pile for tangible assets that are offered at a discount in comparison to this time last year.

[font=Arial Narrow][size=3]With more than a trillion US dollars in the purse it would seem unlikely that they could divest...
Each agreement is reviewed by experts who do consider such severe situations or risks. Party that gains in such a way loses control on policy decision making. Who is in deep trouble?
The Thief of Wall Street
  • #102,429
  • May 28, 2009 8:49pm May 28, 2009 8:49pm
If this doesn't go below 1.39, watch out for 1.45.
Traders are smartasses
  • #102,430
  • May 28, 2009 8:49pm May 28, 2009 8:49pm
Quoting bablo
In this case the bank is owed more than a trillion dollars. Tell me – who do you think is in trouble?
I'd like to buy a vowel.
  • #102,431
  • May 28, 2009 8:50pm May 28, 2009 8:50pm
Quoting KillerWhale
Maybe it is your broker that limits you this way?
If I go long 2 mini lots @ Oanda and it goes up 100 pips, then I have more margin, even if I don't close the trade first, so I can buy more. And as long as it goes in my direction, I can keep buying.

Shamu
You solved the issue. Thanks. I never got it from Reminiscenses of a Stock Operator. This is what Levingston talked about. Now I understand what he meant by this and how important that is. Thanks again Shamu.
The Thief of Wall Street
  • #102,432
  • May 28, 2009 8:54pm May 28, 2009 8:54pm
Quoting bablo
For the people that think we are only headed higher consider the following:

China holds a substantial amount of their reserve in US dollars. At the moment they (China) are buying every commodity that they can. Ultimately changing the foreign reserve cash pile for tangible assets that are offered at a discount in comparison to this time last year.

[font=Arial Narrow][size=3][b]With more than a trillion US dollars in the purse it would seem unlikely that they...
What if they want to push down value of dollar to add more to purse for less cost, then drive price up.
  • #102,433
  • May 28, 2009 8:56pm May 28, 2009 8:56pm
Quoting 2+2=4ex
What if they want to push down value of dollar to add more to purse for less cost, then drive price up.
This would be one good use of big money
The Thief of Wall Street
  • #102,434
  • May 28, 2009 9:00pm May 28, 2009 9:00pm
Yoh, my grandpa' shoot himself in the foot to be sent home from the frontline in 1944. For the idiots that is WW2.

Quoting bablo
With more than a trillion US dollars in the purse it would seem unlikely that they could divest themselves of that many dollars without completely shooting themselves in the foot.
  • #102,435
  • May 28, 2009 9:01pm May 28, 2009 9:01pm
Quoting kentashiburo
Yoh, my grandpa' shoot himself in the foot to be sent home from the frontline in 1944. For the idiots that is WW2.

WOW! Nice approach!
Traders are smartasses
  • #102,436
  • May 28, 2009 9:02pm May 28, 2009 9:02pm
Even when Im right I manage to lose or leave alot on the table
last night I place stop too close and missed 150
Im short looking for 13890 may have entered too soon

but of course some say I shouldnt have shorted at all
Im a work in progress

cant stay and watch have only 4 hrs to sleep and start another day in paradise

MIC
Attached Image
  • #102,437
  • May 28, 2009 9:02pm May 28, 2009 9:02pm
Plaxico Burress shot himself in the groin in a nightclub.
  • #102,438
  • May 28, 2009 9:04pm May 28, 2009 9:04pm
Quoting 2+2=4ex
Plaxico Burress shot himself in the groin in a nightclub.

Adding to the useless posts...

Fernão de Magalhães sailed around the world in 1500.
Traders are smartasses
  • #102,439
  • May 28, 2009 9:08pm May 28, 2009 9:08pm
LOL, that's a nice approach.
Seriously, since when a country that has debt is in deep shit?????
I know we live in the NOW MOMENT, but history tells us that having debt is a good thing after all.

Would you ever lend to someone you know cannot pay back? If yes, give me you phone#.

KT




Quoting Spsantos
Adding to the useless posts...

Fernão de Magalhães sailed around the world in 1500.
  • #102,440
  • May 28, 2009 9:10pm May 28, 2009 9:10pm
Quoting Chicky
You solved the issue. Thanks. I never got it from Reminiscenses of a Stock Operator. This is what Levingston talked about. Now I understand what he meant by this and how important that is. Thanks again Shamu.
You're very welcome.
New voice message: Why are you calling me? If I need you, I'll call you!
497 traders viewing now, 1 is registered:
tehboy