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EURUSD

  • #185,321
  • Jan 27, 2010 4:35am Jan 27, 2010 4:35am
Morning
The best thing that can happen to you is to find out where you're wrong.
  • #185,322
  • Jan 27, 2010 4:36am Jan 27, 2010 4:36am
Quoting SashaP
News message...
Lol is that from GFT's IGM... i read the same shit... I get my info from bloomberg online tv, much faster and more often updates. on stocks

But it looks like 4080 shorts are commencing... will know for sure in this next 30 min candle stick and 1h
  • #185,323
  • Jan 27, 2010 4:36am Jan 27, 2010 4:36am
Quoting Driver55
Morning
good morning, you missed some shady reversal i caught only about 60% of it
  • #185,324
  • Jan 27, 2010 4:38am Jan 27, 2010 4:38am
Quoting kilalik
good morning, you missed some shady reversal i caught only about 60% of it
you think ??
The best thing that can happen to you is to find out where you're wrong.
  • #185,325
  • Jan 27, 2010 4:39am Jan 27, 2010 4:39am
Quoting kilalik
good morning, you missed some shady reversal i caught only about 60% of it
For which price you are looking for if 4080 holds? im unsure if we get new lows
  • #185,326
  • Jan 27, 2010 4:41am Jan 27, 2010 4:41am
I think if we trade like "billionaire trade would" we would be so rich. So having that mentality that you are rich as a sultan, then you would have no losses on short term trades. Do the opposite of what your technical analysis tells you half of the time, then you will succeed.

JUST A THOUGHT
  • #185,327
  • Jan 27, 2010 4:42am Jan 27, 2010 4:42am
Quoting hoden123
For which price you are looking for if 4080 holds? im unsure if we get new lows
I said em earlier 4000 first. Also, it looks like the original trend dollar strength is holding up. I'm already in positives on my shorts

The reason why i don't like to say that it will go there and hit that level , for one reason is not to miss inform people and let them decide their own TP's and SL's. because most of the time my TP's don't hit and come close to it, so i changed my tactic and set them a bit less greedy, usually 10 to 20 pips lower than my expected level always helps to hit what I need.
  • #185,328
  • Jan 27, 2010 4:43am Jan 27, 2010 4:43am
Tough to offer an analysis on this pair....positioning levels seem unclear about 51/49 .... not skewed/imbalanced enough for me a to take a position. It appears everyone is on the sidelines until a clear trend develops.

Ill do the same. Until then, the yen it is!
  • #185,329
  • Jan 27, 2010 4:44am Jan 27, 2010 4:44am
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we are in a bear consolidation
  • #185,330
  • Jan 27, 2010 4:50am Jan 27, 2010 4:50am
Quoting kilalik
Lol is that from GFT's IGM... i read the same shit... I get my info from bloomberg online tv, much faster and more often updates. on stocks

But it looks like 4080 shorts are commencing... will know for sure in this next 30 min candle stick and 1h
wow thats some fundemantals i mglad i dont look at that . cause i wouldnt know what the hell they on about lol
  • #185,331
  • Jan 27, 2010 5:04am Jan 27, 2010 5:04am
Quoting nawafasad1
wow thats some fundemantals i mglad i dont look at that . cause i wouldnt know what the hell they on about lol
I traded as a Tech.Anal. 5years ago for a year, so 5-4 years made about 35k on my 5k investment, then slashed my 40k into 20k in about a month (what an insane month) then got out went to UCLA to study Economics to learn the fundamentals. I know how to do all of that shit now and how it works. Economics is a very hard language to learn and understand. It's very important to understand what they mean, which I know now.
What is next for me is to understand how those data effect the market. I have been gather data for about 2 months now, don't trust the impact levels of any website on certain data releases, they are not true, except the obvious (GDP and Employment, Inflation/Deflation)
  • #185,332
  • Jan 27, 2010 5:08am Jan 27, 2010 5:08am
Quoting kilalik
I traded as a Tech.Anal. 5years ago for a year, so 5-4 years made about 35k on my 5k investment, then slashed my 40k into 20k in about a month (what an insane month) then got out went to UCLA to study Economics to learn the fundamentals. I know how to do all of that shit now and how it works. Economics is a very hard language to learn and understand. It's very important to understand what they mean, which I know now.
What is next for me is to understand how those data effect the market. I have been gather data for about 2 months now, don't trust...
From your point of view, how could you explain PA after GBP news release? We should have seen a selloff in cable, wich means USD stronger (at least against pound). But instead we see higher prices in EUR/USD and cable almost not affected.
  • #185,333
  • Jan 27, 2010 5:15am Jan 27, 2010 5:15am
Quoting maurofx
From your point of view, how could you explain PA after GBP news release? We should have seen a selloff in cable, wich means USD stronger (at least against pound). But instead we see higher prices in EUR/USD and cable almost not affected.
you forgot the cross correlations ... See also EURGBP and you'll find the answer
The best thing that can happen to you is to find out where you're wrong.
  • #185,334
  • Jan 27, 2010 5:15am Jan 27, 2010 5:15am
Quoting maurofx
From your point of view, how could you explain PA after GBP news release? We should have seen a selloff in cable, wich means USD stronger (at least against pound). But instead we see higher prices in EUR/USD and cable almost not affected.
Those type of things drive me crazy I just saw that happen and your mouth drops and stay there... You scratch your head and shrug your shoulders... Think, think why? we will never know.
some possibilities
1. it's not a high impact data... go to previous release of that exact data, then hope it's release alone like today, then look at what happened on the last release and what kind of impact it had.
2. Is the most obvious one the forces canceled each other out. up and down forces.
3. Everything else that we don't know, market always surprises us.
  • #185,335
  • Jan 27, 2010 5:20am Jan 27, 2010 5:20am
Quoting Driver55
you forgot the cross correlations ... See also EURGBP and you'll find the answer
driver is correct, but even there you don't see must significance. it just went up a bit then continues down, which means that GBP has lots of strength.
  • #185,336
  • Jan 27, 2010 5:21am Jan 27, 2010 5:21am
Quoting kilalik
I traded as a Tech.Anal. 5years ago for a year, so 5-4 years made about 35k on my 5k investment, then slashed my 40k into 20k in about a month (what an insane month) then got out went to UCLA to study Economics to learn the fundamentals. I know how to do all of that shit now and how it works. Economics is a very hard language to learn and understand. It's very important to understand what they mean, which I know now.
What is next for me is to understand how those data effect the market. I have been gather data for about 2 months now, don't trust...

A PhD (never mind an undergrad' degree) in Economics (unless it was behavioural economics) isn't going to help you profit given the short time frame you trade and the size of your financial wad.
  • #185,337
  • Jan 27, 2010 5:23am Jan 27, 2010 5:23am
At the moment, I'm seeing lots of AUD and GBP strength, in some way it's helping the EUR to get stronger against USD, because AUD,GBP with CHF and JPY are helping the USD to lose some ground, and EUR follows them too.
  • #185,338
  • Jan 27, 2010 5:25am Jan 27, 2010 5:25am
no volume on last rise. We can definitly break psihological sup at .4000 and then down to 39 er or even lower.
I am back. Actually, I never left...
  • #185,339
  • Jan 27, 2010 5:27am Jan 27, 2010 5:27am
Quoting Driver55
you forgot the cross correlations ... See also EURGBP and you'll find the answer
Yes EG=EU/GU. I got that one, but here is my doubt: Bad data for Pound should make pound less stronger in any pair. Instead of that, cable remains intact and EUR/GBP benefits of bad GBP data and the loser in the hole equation is the dollar wich finally losses ground against EURO.
Why ot happens like that and not Cable dropping, EG rising and EU intact?
I know it's a matter of rates of movement but I can't understand why USD is the loser of the situation when GBP should be the one most affected.
Hope I made myself clear guys!
  • #185,340
  • Jan 27, 2010 5:32am Jan 27, 2010 5:32am
Quoting maurofx
Yes EG=EU/GU. I got that one, but here is my doubt: Bad data for Pound should make pound less stronger in any pair. Instead of that, cable remains intact and EUR/GBP benefits of bad GBP data and the loser in the hole equation is the dollar wich finally losses ground against EURO.
Why ot happens like that and not Cable dropping, EG rising and EU intact?
I know it's a matter of rates of movement but I can't understand why USD is the loser of the situation when GBP should be the one most affected.
Hope I made myself clear guys!
Because GBP has lots of strength, and don't forget if there is set trends, the data needs to be high impact in order to make a true move on the price level. I know it says that it is high impact, but if you go to 4 more site where they have calendars you will see they all show deferent levels of impact.

So by saying that, don't trust that it was high impact.

Look at it this way. If the data came out and it had no impact or little impact on price level, then it is LOW IMPACT...
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