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EURUSD

  • #158,081
  • Nov 2, 2009 6:03pm Nov 2, 2009 6:03pm
Tail wagging the dog. It is going up!


Editing: 1.48 was my target, 1.4796 now. Exit half.
----- Dragonfly out in the sun you know what I mean, don't you know
  • #158,082
  • Nov 2, 2009 6:09pm Nov 2, 2009 6:09pm
With this sluggish PA (Japan on holiday today) I think it's best to stay out until after the Aussie news.....well....it's best for *me* to stay out I mean!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #158,083
  • Nov 2, 2009 6:10pm Nov 2, 2009 6:10pm
Quoting sophiaphia
Tail wagging the dog. It is going up!
i hope so, pal. im up 30 pips so far .
  • #158,084
  • Nov 2, 2009 6:10pm Nov 2, 2009 6:10pm
Quoting realjumper
With this sluggish PA (Japan on holiday today) I think it's best to stay out until after the Aussie news.....well....it's for *me* to stay out I mean!
when's the aussie news?
  • #158,085
  • Nov 2, 2009 6:14pm Nov 2, 2009 6:14pm
Very strange move on EU. Cant understand the reason especially since I think Tokyo is closed today.

Anyway its in the direction of my longs. Enjoying it while it lasts.

Neo
  • #158,086
  • Nov 2, 2009 6:14pm Nov 2, 2009 6:14pm
raise your hand if you didnt think aussies were gonna raise rates .25%.. im guesssing since they said they were gonna raise rates weeks ago its already priced in mostly.
those who can, do. those who cant, talk about those who can
  • #158,087
  • Nov 2, 2009 6:20pm Nov 2, 2009 6:20pm
Agree with you on the aussie news already priced in part.

However knee jerk reaction always takes place.

Neo

I think EU is gonna test that 1.4840 level again. May be it can break it with low volumes. Bulls making a stand I would think.
  • #158,088
  • Nov 2, 2009 6:20pm Nov 2, 2009 6:20pm
Quoting Masmp_FX
Thanks for the info
I think we are seeing a bit of "buy the rumour" action right now
BTC Return This Year: na
  • #158,089
  • Nov 2, 2009 6:20pm Nov 2, 2009 6:20pm
Quoting gatorinla
raise your hand if you didnt think aussies were gonna raise rates .25%.. im guesssing since they said they were gonna raise rates weeks ago its already priced in mostly.
Yes, but we could have a surprise of 0.5, instead of 0.25
Logic will get you from A to B. Imagination will take you everywhere.
  • #158,090
  • Nov 2, 2009 6:22pm Nov 2, 2009 6:22pm
Quoting ABoulfoul
when's the aussie news?
Check out the homepage....it's all there http://www.forexfactory.com/

Doing what you like is Freedom. Liking what you do is Happiness.
  • #158,091
  • Nov 2, 2009 6:23pm Nov 2, 2009 6:23pm
Quoting ABoulfoul
when's the aussie news?
rate decision comes out in 3hrs 7min
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  • #158,092
  • Nov 2, 2009 6:24pm Nov 2, 2009 6:24pm
Quoting Masmp_FX
Yes, but we could have a surprise of 0.5, instead of 0.25
or 0
those who can, do. those who cant, talk about those who can
  • #158,093
  • Nov 2, 2009 6:24pm Nov 2, 2009 6:24pm
Quoting Masmp_FX
Yes, but we could have a surprise of 0.5, instead of 0.25

I doubt it. The economy might be ready for a rise in rates but 50 bps would probably be too aggressive. Cant exactly go zooming on the upside with the current economic climate.

Neo
  • #158,094
  • Nov 2, 2009 6:29pm Nov 2, 2009 6:29pm
My opinion is .25 hike. I agree that .50 is possible but might be too aggressive. And I also agree that 0 is a possibility. Either way, I'll wait for the fallout before taking any new trades in this pair.
Si vis pacem, para bellum.
  • #158,095
  • Nov 2, 2009 6:30pm Nov 2, 2009 6:30pm
I guess I will just see if I get to close positions by news time great if not I will move SL and see what the news brings.

Neo
  • #158,096
  • Nov 2, 2009 6:37pm Nov 2, 2009 6:37pm
US: Obama advisers 'seriously' considering a second stimulus measure to boost the economy, says Commerce Secretary Locke.
  • #158,097
  • Nov 2, 2009 6:40pm Nov 2, 2009 6:40pm
I have a sneaky suspicion it's gonna be a "sell the news event" no matter what they do since they previously forecasted like you said. It's like tipping your hand in poker.


Quoting gatorinla
raise your hand if you didnt think aussies were gonna raise rates .25%.. im guesssing since they said they were gonna raise rates weeks ago its already priced in mostly.
  • #158,098
  • Nov 2, 2009 6:47pm Nov 2, 2009 6:47pm
Quoting Leche Mocha
I have a sneaky suspicion it's gonna be a "sell the news event" no matter what they do since they previously forecasted like you said. It's like tipping your hand in poker.
It will be interesting no matter what, but I think I will wait and see what direction it takes after the spike has settled...if there is a spike
  • #158,099
  • Nov 2, 2009 6:47pm Nov 2, 2009 6:47pm
Japan holiday today, seen like going to range until NY/London open
  • #158,100
  • Nov 2, 2009 6:48pm Nov 2, 2009 6:48pm
Quoting Leche Mocha
I have a sneaky suspicion it's gonna be a "sell the news event" no matter what they do since they previously forecasted like you said. It's like tipping your hand in poker.
i dono.. but good eu news today seemed to be lost a few hours after. sometimes the market moves just the opposite as it should. cat news still has me concerned. market may just be in a range untill nfp before making a big move..but i will go any way market goes but try not to be in the whipsaw.
those who can, do. those who cant, talk about those who can
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