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EURUSD

  • #145,681
  • Sep 23, 2009 10:42am Sep 23, 2009 10:42am
something is happening...
If it floats, flies, or f%^ks, rent it, it's cheaper.
  • #145,682
  • Sep 23, 2009 10:43am Sep 23, 2009 10:43am
Quoting Billser
If the Feds keep the rates the same ... what will happen to Eur/Usd....will it go up ... go down ... or do nothing.

Any thoughts.

Thanks,
It's pretty much a given rates aren't going up anytime soon.

That's not the hesitation.

The market wants to hear when.

If rates remain low for an 'extended period' then this pair should move up.

If he says conditions are favorable for a increase this year the market could sell off.

I never trade before he's done talking.

It's like NFP... he could say one thing that could send the market 200 PIPS in either direction.

My best 'guess' is that rates won't change until next year. That 'should' send this pair to 1.5.

Mike
  • #145,683
  • Sep 23, 2009 10:44am Sep 23, 2009 10:44am
I'm enjoying the ride down.
  • #145,684
  • Sep 23, 2009 10:45am Sep 23, 2009 10:45am
I took Profit at 4745 from 4765 +20 pips.....yea, I could ride it out to my projected 4720....but I am unsure right now in these waters as I think this 2pm meeting with FED is going to stir the waters and technicals might not work as well......

I am happy with +20....for the moment....
  • #145,685
  • Sep 23, 2009 10:47am Sep 23, 2009 10:47am
Quoting IMARICH1
I took Profit at 4745 from 4765 +20 pips.....yea, I could ride it out to my projected 4720....but I am unsure right now in these waters as I think this 2pm meeting with FED is going to stir the waters and technicals might not work as well......

I am happy with +20....for the moment....

Taking profit at such a steep angle, especially when seeing a stall, is always prudent. I just took a partial profit myself, and moved my stop to BE.
  • #145,686
  • Sep 23, 2009 10:57am Sep 23, 2009 10:57am
Thanks....glad you made some too....I could have just left a little on and done partial but the CHF hit R hard at 1.0275 and it bounced back hard so that tells me there is some Sellers there and the EU is correlating with it as well.......we may test 4775 again and make another attempt towards the 4700 area before FED meeting....but its noon and too risky for me.....

And we are at almost 100% ATR on EU....4840 to 4732
  • #145,687
  • Sep 23, 2009 10:57am Sep 23, 2009 10:57am
everyone ready for federal funds rate???
  • #145,688
  • Sep 23, 2009 10:58am Sep 23, 2009 10:58am
Quoting trading801
everyone ready for federal funds rate???
HELL NO.. i am gona stay out of market i hope
Pation is the Holy Grail
  • #145,689
  • Sep 23, 2009 11:02am Sep 23, 2009 11:02am
Quoting trading801
everyone ready for federal funds rate???

Hoping (but not betting) that they suggest winter for rate hike, or something of the like, to hopefully bring the market back to reality so we get the long overdue retracement. Otherwise, we're looking at a tough slog until the 1.500 fatalistic sentiment disappears (or is reached, in fact). Never ceases to amaze me how even professionals from time to time ignore the tape....
  • #145,690
  • Sep 23, 2009 11:02am Sep 23, 2009 11:02am
Quoting trading801
everyone ready for federal funds rate???
still enough time to scalp, doing it at times .closed longs & start building shorts for few pips again.

fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #145,691
  • Sep 23, 2009 11:12am Sep 23, 2009 11:12am
Quoting trading801
everyone ready for federal funds rate???
I am waiting on the sidelines, this is too risky. Besides does anyone remember what direction the EU took at the last Fed release? they will certainly make NO change...but anyone?
The Sky is the Limit!
  • #145,692
  • Sep 23, 2009 11:18am Sep 23, 2009 11:18am
Quoting ahlamo
I am waiting on the sidelines, this is too risky. Besides does anyone remember what direction the EU took at the last Fed release? they will certainly make NO change...but anyone?
I do not think anybody knows it technically,it can be either side & we will take it as possible move technically after it already happen. so better watch out which direction it is going while actually going & when change direction too & try trade if possible to quickly changeable direction .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #145,693
  • Sep 23, 2009 11:19am Sep 23, 2009 11:19am
Quoting gatorinla
if yellow line 4750 does not hold then purple line is target 4677/80 ish. if then it returns to 4750 and stalls a hs may form. if purple line is pierced and holds it could stop further up movement. purple line is a center line of trend since 02. we got news in a few hours plus oil soon. so this is not really predictible.
purple line on my 1hr chart is about 100 (4583ish) pips lower then this chart.



rate cut not expected. depends what he says about recession being over and inflation. and if he gives gives clues that economy is stronger then expected. it will give clues of future rate hikes. and could strengthen u.s.d. or negative news could launch it.
those who can, do. those who cant, talk about those who can
  • #145,694
  • Sep 23, 2009 11:42am Sep 23, 2009 11:42am
Quoting gatorinla
purple line on my 1hr chart is about 100 (4583ish) pips lower then this chart.



rate cut not expected. depends what he says about recession being over and inflation. and if he gives gives clues that economy is stronger then expected. it will give clues of future rate hikes. and could strengthen u.s.d. or negative news could launch it.
So just to use rumor effects into profit quickly as the news actually be negative in nature if no change .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #145,695
  • Sep 23, 2009 11:46am Sep 23, 2009 11:46am
a few hours time, things should be clearer
  • #145,696
  • Sep 23, 2009 11:49am Sep 23, 2009 11:49am
Quoting fontu
So just to use rumor effects into profit quickly as the news actually be negative in nature if no change .
fontu
Exactly. Rate hike isn't likely, but if they are not hawkish in their sentiment, inflation is going to get out of control (already is starting to, actually). But (1) they have to say it, and (2) the market has to believe it in order for the dollar to gain some strength.
  • #145,697
  • Sep 23, 2009 11:50am Sep 23, 2009 11:50am
whoever you are, keep shorting that dollar, thank you!
let's go Euroooo
----- Dragonfly out in the sun you know what I mean, don't you know
  • #145,698
  • Sep 23, 2009 11:55am Sep 23, 2009 11:55am
Quoting fontu
So just to use rumor effects into profit quickly as the news actually be negative in nature if no change .
fontu
sitting near dp now so you r/r should be good.. with a shallow sl

but im not guessing the reaction.
those who can, do. those who cant, talk about those who can
  • #145,699
  • Sep 23, 2009 11:56am Sep 23, 2009 11:56am
Hi guys,
obviously nobody knows what will happen in 1 hour, when there will be news. Trading in those moments are difficult than dangerous. As some of you knows, I look very much the relationship between the various crosses. Coincidentally, today USDCHF is in a range of values reported some days ago. These will be for me the levels that will make me decide how to operate on EURUSD.


http://www.forexfactory.com/showthre...26#post3067426
The best thing that can happen to you is to find out where you're wrong.
  • #145,700
  • Sep 23, 2009 11:57am Sep 23, 2009 11:57am
Quoting sophiaphia
whoever you are, keep shorting that dollar, thank you!
let's go Euroooo
the one who screams the loudest last the shortest.
those who can, do. those who cant, talk about those who can
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