EURUSD | Page 13364 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #267,261
  • Jul 5, 2010 5:42pm Jul 5, 2010 5:42pm
on what timeframe do you operate SunTrader? H1? M30?
  • #267,262
  • Jul 5, 2010 5:47pm Jul 5, 2010 5:47pm
Quoting Liberteh
2480 first. That's what my fibo chart says. I see it coming. Gives me slightest profit (i was way to late to enter)

Awell :-)
If 2480 gets broken, we might even see 2460 before going retrace
if 2480 broken (easily), 2300 most likely touched again
If only,.....
  • #267,263
  • Jul 5, 2010 5:48pm Jul 5, 2010 5:48pm
what timeframe in your opinion ikhram?
  • #267,264
  • Jul 5, 2010 5:51pm Jul 5, 2010 5:51pm
Quoting Liberteh
on what timeframe do you operate SunTrader? H1? M30?
H1 and above.
  • #267,265
  • Jul 5, 2010 5:55pm Jul 5, 2010 5:55pm
Nice. We're at 2480 now. Looks like some support..
  • #267,266
  • Jul 5, 2010 5:55pm Jul 5, 2010 5:55pm
Quoting Liberteh
what timeframe in your opinion ikhram?
30, h1, h4... m1 use to sharpen my entry
If only,.....
  • #267,267
  • Jul 5, 2010 5:58pm Jul 5, 2010 5:58pm
Quoting Liberteh
Nice. We're at 2480 now. Looks like some support..
yeah. 1st big rejection off 80
If only,.....
  • #267,268
  • Jul 5, 2010 5:59pm Jul 5, 2010 5:59pm
The Swiss National Bank loves to intervene in the currency market as we have seen a few times this year so far. The reason given is that they don't want the Swiss franc to be so strong.....deflation...blah, blah, blah.

'The SNB added an unprecedented 85 billion francs ($80 billion) in foreign currencies to its balance sheet in May to stem franc gains, boosting holdings to 239 billion francs. Its first-quarter profit plunged 69 percent, due largely to a 2.9 billion-franc loss on its euro reserves.'

The SNB has again stated that it will intervene in the currency market if they consider it neccessary.

I understand that they want a lower franc, but why don't they simply devalue their currency, instead of buying up wholesale to artificially prop up the Euro???

I would see that as a much less risky thing to do given that they cannot prop up the Euro alone, and I'm sure they would hate to be caught out and left 'holding the baby', if the Euro really tanks big time.

I'm missing something I'm sure, but I don't understand it.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #267,269
  • Jul 5, 2010 6:01pm Jul 5, 2010 6:01pm
Quoting Forexfsa
Asian central banks bought heavlily at 1.22 last week and where selling at 1.26 after Nfp nice 400 pip profit wander how many billion they made

go with the flow and follow the tiger
S& p futures down 1% hope everyone got in when we where at 1.2530/40 Happy Piipin!
  • #267,270
  • Jul 5, 2010 6:04pm Jul 5, 2010 6:04pm
I'm not sure how to draw these.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: pitchfork1.gif Size: 14 KB
Click to Enlarge Name: pitchfork2.gif Size: 14 KB
  • #267,271
  • Jul 5, 2010 6:04pm Jul 5, 2010 6:04pm
Quoting ikhram
yeah. 1st big rejection off 80
don't think it's gonna break it right now
  • #267,272
  • Jul 5, 2010 6:06pm Jul 5, 2010 6:06pm
Hi guys,

Waiting the retrace to 1,2510 to short again for something between 1,2440 & 1,2460 target
COT: The precious data ignored
  • #267,273
  • Jul 5, 2010 6:07pm Jul 5, 2010 6:07pm
Quoting Liberteh
don't think it's gonna break it right now
anything can happen in the world of forex dude...
manage your strategy, then realize it...
wish u great luck
If only,.....
  • #267,274
  • Jul 5, 2010 6:10pm Jul 5, 2010 6:10pm
next critical point 1.2480 break should see further downtrend snowball
  • #267,275
  • Jul 5, 2010 6:11pm Jul 5, 2010 6:11pm
Quoting gatorinla
other then 26 holding up i got crappy signals. i wish 2514 was touched and rejected. anyway the trend is still down. so heres a few targets w/o a new high.. sos slip /bounce... .248368 .244216..
we will c
those who can, do. those who cant, talk about those who can
  • #267,276
  • Jul 5, 2010 6:15pm Jul 5, 2010 6:15pm
Quoting realjumper
The Swiss National Bank loves to intervene in the currency market as we have seen a few times this year so far. The reason given is that they don't want the Swiss franc to be so strong.....deflation...blah, blah, blah.

'The SNB added an unprecedented 85 billion francs ($80 billion) in foreign currencies to its balance sheet in May to stem franc gains, boosting holdings to 239 billion francs. Its first-quarter profit plunged 69 percent, due largely to a 2.9 billion-franc loss on its euro reserves.'

The SNB has again stated that it will intervene...
i may be wrong. but unlike china, since the currency floats its the markets normal supply verses demand. so they would have to print or lower interest to devalue or buy euros.
those who can, do. those who cant, talk about those who can
  • #267,277
  • Jul 5, 2010 6:22pm Jul 5, 2010 6:22pm
Quoting gatorinla
i may be wrong. but unlike china, since the currency floats its the markets normal supply verses demand. so they would have to print or lower interest to devalue or buy euros.
Ok, lets assume for the moment that that is the case......surely firing up the printing press would be the sensible thing to do?......or, suck it up like most other countries have to do!

There seems to be no point in having a floating currency, if you're not going to accept the 'good' with the 'bad'.......that kind of thinking would see a gambler shot in the old days wouldn't it?

If they can't stand the heat....get out of the kitchen!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #267,278
  • Jul 5, 2010 6:35pm Jul 5, 2010 6:35pm
Quoting realjumper
Ok, lets assume for the moment that that is the case......surely firing up the printing press would be the sensible thing to do?......or, suck it up like most other countries have to do!

There seems to be no point in having a floating currency, if you're not going to accept the 'good' with the 'bad'.......that kind of thinking would see a gambler shot in the old days wouldn't it?

If they can't stand the heat....get out of the kitchen!!
it is what it is.
those who can, do. those who cant, talk about those who can
  • #267,279
  • Jul 5, 2010 6:39pm Jul 5, 2010 6:39pm
Quoting realjumper
Ok, lets assume for the moment that that is the case......surely firing up the printing press would be the sensible thing to do?......or, suck it up like most other countries have to do!

There seems to be no point in having a floating currency, if you're not going to accept the 'good' with the 'bad'.......that kind of thinking would see a gambler shot in the old days wouldn't it?

If they can't stand the heat....get out of the kitchen!!

The Chinese government has been for years used Hong Kong's HKD to finance a lot of forex transactions, and act as a "firewall" to major 'players' that can disrupt currency values.
  • #267,280
  • Jul 5, 2010 6:40pm Jul 5, 2010 6:40pm
Wasn't there news one day that the US, Japan and Europe had agreed to push up the Euro because it was negatively impacting exports for Japan and the US? I think I was daydreaming when I heard that on Bloomberg.
461 traders viewing now