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EURUSD

  • #245,661
  • May 20, 2010 11:38am May 20, 2010 11:38am
This is awesome, but only because I'm completely flat. I've been incredibly lucky to not only have closed almost all of my eurusd position 15 hours ago, but to then transfer it into shorting yen pairs, and then close it all a couple of hours ago.
  • #245,662
  • May 20, 2010 11:38am May 20, 2010 11:38am
I love it when newswires always give bullshit reasons for a price movement..

Inserted Code
TOPWRAP 5-Merkel, Sarkozy pledge unity as markets wilt

    * Merkel, Sarkozy vow to work together on financial reform 
    * France announces German-inspired brake on budget deficit 
    * But France says it doesn't share German concern over euro 
    * Fed, Chinese officials see threat to global economy, banks 
     
 (Adds Merkel/Sarkozy call, euro gains) 
    By Yann Le Guernigou and Marc Jones 
    PARIS/BERLIN, May 20 (Reuters) - The leaders of Germany and 
France pledged on Thursday to work together on financial 
regulation and the euro zone crisis after European discord over 
debt and new market rules rattled investors worldwide. 
    German Chancellor Angela Merkel telephoned French President 
Nicolas Sarkozy after a public rift over Berlin's unilateral ban 
on naked short-selling of some financial instruments sapped 
confidence in the euro and sent investors fleeing European 
stocks and bonds in search of safer havens. 
    A German spokesman said they agreed to present joint 
proposals for a European economic growth strategy to EU leaders 
in mid-June and to coordinate their positions at a G20 summit 
later next month on a new global financial rulebook. Sarkozy 
will visit Berlin on June 7 to discuss coordination, he said. 
    The euro <EUR=>, which had plunged to a four-year low after 
the German move on Wednesday, gained nearly a cent to trade at 
around $1.25 on news of the Franco-German telephone call. 
    Sarkozy earlier unveiled plans to insert a German-inspired 
commitment to cutting the budget deficit into France's 
constitution, in a move aimed both to reassure markets and to 
show goodwill to Berlin.
  • #245,663
  • May 20, 2010 11:39am May 20, 2010 11:39am
Right now is a better time to make money compared to the past few months. The ATR was around 130 but has gone up to the 200 range. So it looks like we might have some good movement for a while.
  • #245,664
  • May 20, 2010 11:39am May 20, 2010 11:39am
Quoting Trading Cat
you are very right in the old days things where a little more jittery, we will get those times again as we see. Any way this week is one for my books and wont be forgotten.
Take care this circus is to much I need to rest and entertain my woman.
Cya
TCat

Very wise decision - play with your women and your lovley dog in the time between...


;-)
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #245,665
  • May 20, 2010 11:40am May 20, 2010 11:40am
According to my "crystal ball" EURCHF want to push it up to 1.46 as this was a good level before for that pair
  • #245,666
  • May 20, 2010 11:40am May 20, 2010 11:40am
Thwy are getting ready for tomorrow's option expirey and German vote
  • #245,667
  • May 20, 2010 11:40am May 20, 2010 11:40am
Quoting Cotton-I-Jo

I guess 628 will do that !



Attached Image (click to enlarge)
Click to Enlarge Name: eur.usd - h4.gif Size: 31 KB
  • #245,668
  • May 20, 2010 11:40am May 20, 2010 11:40am
Quoting charron
Overall trend is still down. This is just suckers rally untill about 1.2675.
Then down again.
I hope it does manage to sucker rally all the way up to that point ...
  • #245,669
  • May 20, 2010 11:41am May 20, 2010 11:41am
Quoting skerdi-meta
Hheerrmmm,,, the short covering of the eur/usd (+ the bounce from the all time 50% retracement) and especially the short covering of euro crosses like eur/aud,, eur/cad, eur/nzd etc... basically they're hedging their positions... up 2 a certain point (1.27-.28-.30 who knows),, then it'll come down again 2 around 1.18-.22-.23.. methinks,,
Yeah, most likely this will come down again, but we could get as high as 1.35 first. I think this all depends if the indices pick up or continue falling. Its not going to get far without some genuine USD weakness.
  • #245,670
  • May 20, 2010 11:42am May 20, 2010 11:42am
oh well 600 pips down no stop loss , mini lot (10000 )sell will my margin hold.i suppose its down to the Asians to save me bacon
  • #245,671
  • May 20, 2010 11:43am May 20, 2010 11:43am
!! HEAD AND SHOULDERS BROKEN down on USD index !!!
  • #245,672
  • May 20, 2010 11:44am May 20, 2010 11:44am
Quoting SkyzerFX
Question is how long ECB will continue this? already been 2 days..
the longer they do.. the weaker they are.. wait for the move.. you dont have to get the exact top. im placing some shorts here and there lighty.. then when it turns will add..
those who can, do. those who cant, talk about those who can
  • #245,673
  • May 20, 2010 11:44am May 20, 2010 11:44am
I knew price wanted to go to 2600 but had given up on it. I think we'll continue bear trend from there.
Founder of Sutherland Wave Principle
  • #245,674
  • May 20, 2010 11:45am May 20, 2010 11:45am
Quoting TudorJonesJR
I love it when newswires always give bullshit reasons for a price movement..

[code]TOPWRAP 5-Merkel, Sarkozy pledge unity as markets wilt...
Since weeks there are meetings between FRANCE and GERMANY - without any kind of official invitations of third parties. We do not hear even 10% of what they are concerned about at the moment.

Something is in road - that's all we know now


bibib
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #245,675
  • May 20, 2010 11:45am May 20, 2010 11:45am
Quoting Predi
!! HEAD AND SHOULDERS BROKEN down on USD index !!!
Do you have a chart? muchos gracias !
  • #245,676
  • May 20, 2010 11:45am May 20, 2010 11:45am
is this the end?;D
  • #245,677
  • May 20, 2010 11:45am May 20, 2010 11:45am
Quoting intery
euro found his mojo, yeah baby
*L* you do realize we fell 3000 pips .. right?
those who can, do. those who cant, talk about those who can
  • #245,678
  • May 20, 2010 11:46am May 20, 2010 11:46am
Quoting intery
euro found his mojo, yeah baby
  • #245,679
  • May 20, 2010 11:47am May 20, 2010 11:47am
Prosac that's what they are doing right. Yes you are mini lot so no impact but ppl with bigger lots sweating bullets. This could be a major short squeeze or just another reason to short from the top
  • #245,680
  • May 20, 2010 11:47am May 20, 2010 11:47am
All this EU vote business: buy the rumor sell the news??? What happens next week after the vote? What changes? EU's problems are not secular.
"If it was good enough for Gann, it's good enough for me..."
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