EURUSD | Page 5429 | 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

  • #108,561
  • Jun 10, 2009 4:25pm Jun 10, 2009 4:25pm
1.60 -> 1.25 -> 1.40 -> ? 1.10 ?

Looking at long-term on monthly, it looks like a down trend that is now going through a consolidation period. (1.40-1.25).

Bollard from RBNZ just said he expects the NZ dollar to decline, and it went up. Not sure I understand that one.
  • #108,562
  • Jun 10, 2009 4:28pm Jun 10, 2009 4:28pm
immediate direction is well, neutral to my system LOL

Waiting for this to get a direction, likely fall asleep before that happens.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #108,563
  • Jun 10, 2009 4:29pm Jun 10, 2009 4:29pm
Quoting Clouds
Bollard from RBNZ just said he expects the NZ dollar to decline, and it went up. Not sure I understand that one.
Bollard has just announced no change to the OCR for NZ. Read more Here
Doing what you like is Freedom. Liking what you do is Happiness.
  • #108,564
  • Jun 10, 2009 4:36pm Jun 10, 2009 4:36pm
Quoting ak4x
OMG!!!

I rest my case...

But Ak how will I ever enter a trade without such information
Good luck and don't let this depress you. It's just a fact that most of the old crew have moved on.
  • #108,565
  • Jun 10, 2009 4:46pm Jun 10, 2009 4:46pm
Quoting The Fool
I base my moniker on The Fool of the Tarot, of which I have been a life-long student. Tarot's Fool is not what he would seem to be upon first glance.

Are you playing -----French or Austrian
In the various tarot card games such as French Tarot, Tarocchini and Tarock, the Fool has a unique role. In these games, the Fool is sometimes called "the Excuse". The tarot games are typically trick taking games; playing the Fool card excuses the player from either following suit or playing a trump card on that trick. Winning a trick containing the Fool card often yields a scoring bonus.
In occult tarot, the Fool is usually considered part of the "major arcana". This is not true in the tarot game itself; the Fool's role in the game is independent of both the suit cards and the trump cards, and the card does not belong to either category. As such, most tarot decks originally made for game playing do not assign a number to the Fool indicating its rank in the suit of trumps; it has none. Waite gives the Fool the number 0, but in his book discusses the Fool between Judgment, no. 20, and The World, no. 21.
However, in some more modern tarot card games, specifically Austrian Tarock games, the Fool is instead played as the 22 of Trump, making it the highest trump in such games.


http://en.wikipedia.org/wiki/The_Fool_(Zero)
  • #108,566
  • Jun 10, 2009 5:04pm Jun 10, 2009 5:04pm
Quoting Petar_Serbia
Thanks i open short ...
dont be a
Attached Image
those who can, do. those who cant, talk about those who can
  • #108,567
  • Jun 10, 2009 5:06pm Jun 10, 2009 5:06pm
Sorry to change the subject, must be getting late.

Does anyone see the EUR/USD going down to 1.3453?
  • #108,568
  • Jun 10, 2009 5:09pm Jun 10, 2009 5:09pm
Quoting Alsea
Sorry to change the subject, must be getting late.

Does anyone see the EUR/USD going down to 1.3453?
PLANE YOUR TRADE - TRADE YOUR PLAN
  • #108,569
  • Jun 10, 2009 5:10pm Jun 10, 2009 5:10pm
read last 20/40 pages you will see opiniuns on both sides.. some actually have real reasons and shiny things. most dont.
those who can, do. those who cant, talk about those who can
  • #108,570
  • Jun 10, 2009 5:13pm Jun 10, 2009 5:13pm
Quoting gatorinla
dont be a
a hot chick?
  • #108,571
  • Jun 10, 2009 5:17pm Jun 10, 2009 5:17pm
Quoting gatorinla
read last 20/40 pages you will see opiniuns on both sides.. some actually have real reasons and shiny things. most dont.
What's your opinion?

short or long. I think long for now
{Promotion Removed}
  • #108,572
  • Jun 10, 2009 5:26pm Jun 10, 2009 5:26pm
Quoting jcalberto
What's your opinion?

short or long. I think long for now
If oil continues higher, might be hard for EURO to go down. The question is, what is the cost of OIL in euros relative to historical norms. Can dollar strengthen while Oil goes higher?

I like it short, but this oil is the wildcard that has me looking higher. I am only one man, I cannot fight the oil cartel and mega conglomerates who are in every corner o the globe pumping the "OIL STORY"
  • #108,573
  • Jun 10, 2009 5:32pm Jun 10, 2009 5:32pm
OIL: "People are running ahead of actual developments in the market" says Michael Lynch of Strategic Energy & Economic Research. Lynch is a real bear saying gasoline demand which many expect to begin showing 2% to 3% year-on-year gains is at a very weak +0.4%. He says oil prices are three times their historical inflation-adjusted average and that there's a real chance they could slide back to $30 over the next several years on the prospect of low cost output from Iran, Iraq and Venezuela.

Mmmmmm .... I've got my rose coloured glasses on too.
Nothing worth having is easy.
  • #108,574
  • Jun 10, 2009 5:42pm Jun 10, 2009 5:42pm
Unless you post a chart (not just numbers or which way now guys) no one really wants to take the time to figure out what the heck your talking about.

I personally don't read most of this thread anymore. Funny thing I trade just fine without it

Now if any of you would care to talk about how you came up with your ideas, ok. If you want to talk about how to enter a trade, ok. If you just want to post BS like my system says short, or I'm long at 1.3973. Your soon going to be broke, and being the sympathetic individual I am I promise to only laugh behind your back.

No offence to the ones that post charts and ideas, right or wrong that's the idea. Ak is right this just keeps getting worse

I don't do a lot of contributing to this thread so in a vain attempt to show how I see things.

First we are in a consolidation channel (the size is yet to be seen) and then we will either continue the trend or we will not. It doesn't matter which way it goes just gab a pullback and go with it.
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 54.png Size: 33 KB
  • #108,575
  • Jun 10, 2009 6:06pm Jun 10, 2009 6:06pm
Quoting The Fool
You're welcome, ragu & good luck to you. Actually though I would disagree with your points: plenty of eurozone news announcements will come out typically from 2300 PDT to 0200, and; there are plenty of erratic moves in this time period, as well, in fact it is notoriuos for these. But personally I like to trade in chop as I am looking for quick & small (pip-wise) profits with large entries and I also like to trade on the news reactions.

I will tell you one thing though that I have learned (the hard way) after about 30 days now of live trading (I...

Yes, I've seen a few announcements coming out around 11:30pm to 1am, however it appears they are less market moving that NFP or Interest rate announcements - but your right, they still will create chop. Ideally it would be great to trade both times - 11pm-2am and then again 6am - 10am - unfortunately I need to get some sleep in there somewhere. Thanks for your input as it is much appreciated.
  • #108,576
  • Jun 10, 2009 6:25pm Jun 10, 2009 6:25pm
Quoting knuckledrag
Unless you post a chart .... pullback and go with it.
I don't post a chart because they ain't much to look at and I don't look at the charts people post here. Candlesticks, s/r lines horiz & diag. - that's all. I look at the stock indices, commodities, etc. and follow the news via Bloomberg radio and many websites. I have spent alot of time lookin at the candles bobbin up and down on various tf in order to get a feel for PA of E/U, almost exclusively. Everything gets brewed together and trades are as much gut as they are brain. Kinda hard to get that across, other than to say somethin like: I'm long from .3965 & expecting a reapproach of .4100 given froth in the crude futures and the Dow. I'm interested in other traders' sentiments like another little bay leaf in the stew.

Btw, old path Tarot, handmade cards, not for play but for divination. Fool a sign of good prospects. Laissez les bontemps rollez.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #108,577
  • Jun 10, 2009 6:29pm Jun 10, 2009 6:29pm
Quoting Alsea
Sorry to change the subject, must be getting late.

Does anyone see the EUR/USD going down to 1.3453?
Hi guys this is my 1st post
how r every body ?

Sorry man if EUR/USD get to 1.3453 I will have my YAKHT tomorrow LOL
  • #108,578
  • Jun 10, 2009 6:31pm Jun 10, 2009 6:31pm
Quoting TIckerShuffl
If oil continues higher, might be hard for EURO to go down. The question is, what is the cost of OIL in euros relative to historical norms. Can dollar strengthen while Oil goes higher?

I like it short, but this oil is the wildcard that has me looking higher. I am only one man, I cannot fight the oil cartel and mega conglomerates who are in every corner o the globe pumping the "OIL STORY"

Hi TIckerShuffl,

Dollar can go up while oil is going up.. (but less likely)... because US is using 22 million barrels a day and producing 4-5 million yearly.... 1/4 neg ratio...

Us need some other fundamentals, like the interest rates went up on 10 year bills to 3,99% on Wednesday 10th june... (strengthening sign)...

So if oil consuming increases and interest rates go up in US we have a situation as you said oil up/dollar up... (but that to happen at the same time...?? which it did...)

Another way to look at it, since crude oil is priced in the US Dollars, of course, the price of crude rises in direct relationship to the Dollar's decline.

Think about it this way, those countries which produce the oil, and the companies working there, have to be able to pay their workers and their bills in local currency. So they have to raise their Dollar prices just to stay even.

Dollar down = Dollar-priced commodities up, in short.


But then we have speculators which destroy this in the short term...



You probably know all this but maybe someone else can learn something...
  • #108,579
  • Jun 10, 2009 6:56pm Jun 10, 2009 6:56pm
OIL

Oil's price is entirely Supply and Demand related, thats how the demand is kept in check, demand > Supply = Price rise until Demand is tamed, simply yes ??

So last year on the huge run to $142 or whatever it was Demand was > than Supply and it went crazy.

Since then, the recessions kicked in Demand has dropped < Supply back to a ratio which warrants $30.

BUT the issue is, SUPPLY is already decreasing over all, Oil is getting harder and harder to get, so despite Oil's Demand still being @what it was 4months back at Oil's price low maybe up abit, Demand is already > then Supply!!

As Supply is going to keep dropping, price is always going to rocket up, which will create recessionary pressure which will plummet the price, then rocket again, expect higher highs and lower lows.

Factor this into thee next year we'll be in a boom market and well LOL we have many more years of depression cause increased oil costs will halt any recovery in it's tracks.

USA has a Greater demand for Oil than Europe, or GPB so this will devalue the USD ofcourse, so expect HIGHER!!

EASY
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #108,580
  • Jun 10, 2009 6:56pm Jun 10, 2009 6:56pm
This is why you should know that investing in the short term is a killer!
575 traders viewing now