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EURUSD

  • #148,841
  • Oct 2, 2009 9:57am Oct 2, 2009 9:57am
Tanking now...
  • #148,842
  • Oct 2, 2009 9:57am Oct 2, 2009 9:57am
Quoting Pipster888
dropping....
closed my short
opened long eurchf
ROBOT FOREX
  • #148,843
  • Oct 2, 2009 9:58am Oct 2, 2009 9:58am
Quoting myfx
Fly2 & trading801,

Thank you guys..i am negative at the movement, but it is still under 2% of risk..hopefully EUR will drop soon...

801, thanks for the link..i will go through it during the week-end.

-myfx-
Didn't you take profit after that big drop are were you still in the negative?
  • #148,844
  • Oct 2, 2009 9:58am Oct 2, 2009 9:58am
Quoting IMARICH1
Atlast and Vinesh2,

Thanks for your input......

The thing I struggle with on the SHort side is that a Bank Trader who was in the trading scene for a few years said the Banks use the 20ma on the Day Chart. We were in an uptrend for awhile last week and previous and have now come back and touched it. It appears the 20ma is holding up the EU on the Day chart.....

So it make me think LONG is correct.....
Have you seen where the 20ma is on the daily chart recently?
  • #148,845
  • Oct 2, 2009 10:01am Oct 2, 2009 10:01am
Yes..its around 4500.....and we pierced it and went up...it made a touch....
  • #148,846
  • Oct 2, 2009 10:04am Oct 2, 2009 10:04am
Quoting IMARICH1
Atlast and Vinesh2,

Thanks for your input......

The thing I struggle with on the SHort side is that a Bank Trader who was in the trading scene for a few years said the Banks use the 20ma on the Day Chart. We were in an uptrend for awhile last week and previous and have now come back and touched it. It appears the 20ma is holding up the EU on the Day chart.....

So it make me think LONG is correct.....
If you look where the 20 ema is on the daily chart you will see that is where I indicatd at the time that the market will get back to 1.4605, which it did, so you missed the trade. I had a short at R1 and TP 1.4605.
Also, the market has traded below the 20 ema and long term players like I say are looking at the level I quoted for the market to get there (above the high of the bar to indicate strength and just breaking the resistance in daily). Hope that helps.
  • #148,847
  • Oct 2, 2009 10:05am Oct 2, 2009 10:05am
Quoting Fly2
Didn't you take profit after that big drop are were you still in the negative?

During NFP announcement i was out and I completely forgot to set Trailing Stop. When i reach home, EUR already going towards the north.
-happyTrading-myFx.
  • #148,848
  • Oct 2, 2009 10:05am Oct 2, 2009 10:05am
Don't forget that we still wait for the Irish referendum results.

If we get a surprise "No", then we could see a major move. It's not the favored scenario but be prepared, we never know...

A "No" would have deep implications for Europe and the Euro, opening another uncertainty period, that financial community would not like at all.

If it's "No", I would personally exit all my eurusd positions and wait to see what happen the next few days. I would probably not be alone, hence the "major move" scenario, especially on Sunday open.

If it's "yes", I'm not expecting a big reaction, just "business as usual".

But better ask yourself "what-if", before the event
Getting it right is NOT as important as not getting it wrong.
  • #148,849
  • Oct 2, 2009 10:08am Oct 2, 2009 10:08am
Keep shorting is not a good idea on this Friday. US markets went green/positive territory briefly. DowJ, Nas, SP. Is it buy on pull back to orderly trend-line? It would be right here if so! Yesterday the Vix hitting an unusual bollyband, daily. ..
----- Dragonfly out in the sun you know what I mean, don't you know
  • #148,850
  • Oct 2, 2009 10:11am Oct 2, 2009 10:11am
Quoting myfx
Fly2 & trading801,

Thank you guys..i am negative at the movement, but it is still under 2% of risk..hopefully EUR will drop soon...

801, thanks for the link..i will go through it during the week-end.

-myfx-
all the best buddy !!
  • #148,851
  • Oct 2, 2009 10:12am Oct 2, 2009 10:12am
Quoting fxswing
Lots of players take positions at the start of the month/quarter.
This often gives big moves on the 2-5 first sessions of the month / quarter.

For the "spike" I would say that daily/weekly buyers entered the market again after a decent pullback, below 1.4500.
Nothing really changed and the trend is still up on higher time frame.
ah interesting ,, thanks buddy
  • #148,852
  • Oct 2, 2009 10:13am Oct 2, 2009 10:13am
jay left without telling me why is he so pissed !!!
  • #148,853
  • Oct 2, 2009 10:21am Oct 2, 2009 10:21am
On 4H
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  • #148,854
  • Oct 2, 2009 10:24am Oct 2, 2009 10:24am
Quoting fxswing
Don't forget that we still wait for the Irish referendum results.

If we get a surprise "No", then we could see a major move. It's not the favored scenario but be prepared, we never know...

A "No" would have deep implications for Europe and the Euro, opening another uncertainty period, that financial community would not like at all.

If it's "No", I would personally exit all my eurusd positions and wait to see what happen the next few days. I would probably not be alone, hence the "major move" scenario, especially on Sunday open.

If...
I would actually say the referendum No is a positive scenario. It is obvious Conservatives will win in UK and declare a referendum. And unless pound collapses and they need us, that one will be a No anyways.

Having the thing finished now would save us months of uncertainity we had ever since the original constitution referendums failed.

On the other hand, if it passes, I can imagine EUR dropping back to todays bottom to see if it holds.
  • #148,855
  • Oct 2, 2009 10:24am Oct 2, 2009 10:24am
Quoting fxswing
Don't forget that we still wait for the Irish referendum results.

If we get a surprise "No", then we could see a major move. It's not the favored scenario but be prepared, we never know...

But better ask yourself "what-if", before the event
Now, this would make sense. The big move could well be a great opportunity for long positions to get out. Like I said, don't feel comfortable with it, but let's see. Still looking for a HH.
  • #148,856
  • Oct 2, 2009 10:31am Oct 2, 2009 10:31am
Quoting nvcK
I would actually say the referendum No is a positive scenario. It is obvious Conservatives will win in UK and declare a referendum. And unless pound collapses and they need us, that one will be a No anyways.

Having the thing finished now would save us months of uncertainity we had ever since the original constitution referendums failed.

On the other hand, if it passes, I can imagine EUR dropping back to todays bottom to see if it holds.
UK will not hold a referendum if Irish people say yes, because there's almost no chance for UK people to say yes if they're asked.
UK will hold a referendum only if Irish people say no first.
That's politics: Heads I win, Tails you lose
Getting it right is NOT as important as not getting it wrong.
  • #148,857
  • Oct 2, 2009 10:32am Oct 2, 2009 10:32am
Is Patience here, with sentiment readings?
  • #148,858
  • Oct 2, 2009 10:35am Oct 2, 2009 10:35am
Quoting fxswing
UK will not hold a referendum if Irish people say yes, because there's almost no chance for UK people to say yes if they're asked.
UK will hold a referendum only if Irish people say no first.
That's politics: Heads I win, Tails you lose
UK will have no option but to enter the Euro, in my view. Just a matter of time before we see the pound collapse out of all proportion. Service financial sector is not something to base long term security of a nation.
  • #148,859
  • Oct 2, 2009 10:42am Oct 2, 2009 10:42am
Big soldier caught between fire.
Stand in the middle and get caught in the cross-fire.
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  • #148,860
  • Oct 2, 2009 10:43am Oct 2, 2009 10:43am
euro in trouble spike up was fake..
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