EURUSD | Page 13903 | 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

  • #278,041
  • Aug 4, 2010 8:18pm Aug 4, 2010 8:18pm
Quoting SNS, Inc
Did anyone read this? Does this mean I should open my FX account within the next month or so?
There is an active lobby in place to make sure that people get fleeced in every possible way and that includes forex. I'm not worried about it.

Worst case scenario, brokers register out of some offshore jurisdiction and the whole cycle starts all over again.
Not all sins are created equal
  • #278,042
  • Aug 4, 2010 8:21pm Aug 4, 2010 8:21pm
Quoting Jay Walker
It's sitting at 1.31600 right now. That would be a pretty big swing down.

Unless they release the Trichet/Merkel sex tape before London's open, I'd be very surprised to see that happen today.
in my country its already 3 in the morning, so today would mean there is 18 hours of time do let it drop..so i'm ready for it ( i mean the drop, not the sex tape.. *igit* )
  • #278,043
  • Aug 4, 2010 8:22pm Aug 4, 2010 8:22pm
Quoting Pinero
in my country its already 3 in the morning, so today would mean there is 18 hours of time do let it drop..so i'm ready for it ( i mean the drop, not the sex tape.. *igit* )
I wouldn't hold my breath on either of them.
Not all sins are created equal
  • #278,044
  • Aug 4, 2010 8:41pm Aug 4, 2010 8:41pm
Quoting Jay Walker
There is an active lobby in place to make sure that people get fleeced in every possible way and that includes forex. I'm not worried about it.

Worst case scenario, brokers register out of some offshore jurisdiction and the whole cycle starts all over again.
The government trying to squeeze us is a given. If they register offshore though, how does that affect a US citizen opening an account? Wouldn't that be considered assets offshore and taxed differently?

I guess I should get the account opened before all this drops into place then, even if I don't start trading yet. Thanks Jay.
  • #278,045
  • Aug 4, 2010 8:46pm Aug 4, 2010 8:46pm
Quoting SNS, Inc
The government trying to squeeze us is a given. If they register offshore though, how does that affect a US citizen opening an account? Wouldn't that be considered assets offshore and taxed differently?

I guess I should get the account opened before all this drops into place then, even if I don't start trading yet. Thanks Jay.
You will need to talk to a tax professional on offshore issues. Don't take any advice from anyone on message boards about taxation issues, not even mine.

If you feel more comfortable putting funds into an account now, sure. I'm not sure if a grandfather clause is applicable in this situation but it can't hurt to try.
Not all sins are created equal
  • #278,046
  • Aug 4, 2010 8:49pm Aug 4, 2010 8:49pm
So does this mean I am f%&ked in opening an OTC account now?
  • #278,047
  • Aug 4, 2010 8:54pm Aug 4, 2010 8:54pm
depending on bias.. could be a good entry either way, on the edge atm. white circle would be a normal retrace of a bullish move. and a normal move for bear trend resumption also. im not a volume guy but this bearish continuation wedge shown, happens when volume drys up. if you know something about volume check it out. this is a daily chart. bad weather here atm im logging out.
Attached Image (click to enlarge)
Click to Enlarge Name: a3.PNG Size: 30 KB
those who can, do. those who cant, talk about those who can
  • #278,048
  • Aug 4, 2010 8:55pm Aug 4, 2010 8:55pm
Quoting SNS, Inc
So does this mean I am f%&ked in opening an OTC account now?
I'm not a lawyer and don't play one on TV. I don't have an answer for you on that.

Providing this legislation sees the light of day, and there is no guarantee that it will, there may or may not be a grandfather's clause.

Investigate it further and if you feel more comfortable opening an account now, do it. If not, don't.

In an absolute worst case, not likely to happen, probably won't scenario, it will be declared unlawful to have an account, accounts would be closed and funds would be reimbursed.
Not all sins are created equal
  • #278,049
  • Aug 4, 2010 9:02pm Aug 4, 2010 9:02pm
Time to find a broker.
  • #278,050
  • Aug 4, 2010 9:04pm Aug 4, 2010 9:04pm
Quoting gatorinla
depending on bias.. could be a good entry either way on the edge atm. white circle would be a normal retrace of a bullish move. and a normal move for bear trend resumption also. im not a volume guy but this bearish continuation wedge shown, happens when volume drys up. if you know something about volume check it out. this is a daily chart. bad weather here atm im logging out.
I've checked the daily as well...and i've noticed that when price goes up without vol on a uptrend then a reversal candle appear, it's often the sign of a reversal or at least a big retracement
And that's what just happened...going up on low vol...then bullish engulfing candle...we'll see
COT: The precious data ignored
  • #278,051
  • Aug 4, 2010 9:26pm Aug 4, 2010 9:26pm
Quoting Jay Walker
.....In an absolute worst case, not likely to happen, probably won't scenario, it will be declared unlawful to have an account, accounts would be closed and funds would be reimbursed.
Not before I get back to even.
Si vis pacem, para bellum.
  • #278,052
  • Aug 4, 2010 9:34pm Aug 4, 2010 9:34pm
Quoting Duce
Not before I get back to even.
I have confidence that you'll get back to even. But I don't believe that legislation will be passed.

The U.S. isn't the only country with borkers anyways.
Not all sins are created equal
  • #278,053
  • Aug 4, 2010 9:35pm Aug 4, 2010 9:35pm
Quoting Jay Walker
I'm not a lawyer and don't play one on TV. I don't have an answer for you on that.

Providing this legislation sees the light of day, and there is no guarantee that it will, there may or may not be a grandfather's clause.

Investigate it further and if you feel more comfortable opening an account now, do it. If not, don't.

In an absolute worst case, not likely to happen, probably won't scenario, it will be declared unlawful to have an account, accounts would be closed and funds would be reimbursed.
I read through that stuff-it looks as though the thing is mainly pointed at regulating derivatives, the kind of crap that did a lot of damage to the US economy pre-2008. As for OTC FX stuff, it said the CFTC pretty much has the leverage to interpret and shape the regulations handed to them by Congress-so nothing need be affected or changed unless for some reason thats whats the politicians really want and they exert a lot of pressure to make it so. I wouldn't worry too much about it at this point.
  • #278,054
  • Aug 4, 2010 9:53pm Aug 4, 2010 9:53pm
Quoting stevefx
I read through that stuff-it looks as though the thing is mainly pointed at regulating derivatives, the kind of crap that did a lot of damage to the US economy pre-2008. As for OTC FX stuff, it said the CFTC pretty much has the leverage to interpret and shape the regulations handed to them by Congress-so nothing need be affected or changed unless for some reason thats whats the politicians really want and they exert a lot of pressure to make it so. I wouldn't worry too much about it at this point.
I'm not worried about it at all actually.
Not all sins are created equal
  • #278,055
  • Aug 4, 2010 9:53pm Aug 4, 2010 9:53pm
Quoting kuroro001
I've checked the daily as well...and i've noticed that when price goes up without vol on a uptrend then a reversal candle appear, it's often the sign of a reversal or at least a big retracement
And that's what just happened...going up on low vol...then bullish engulfing candle...we'll see
yen cad gbp aud kiwi.. also show this.. the chf does not, but chf is so manipulated. anyway chf already shot up. the kiwi has started down a little.. the others are stuck... but id watch for signs..until nfp it may keep it from moving much.. but if its usd positive we have a coiled spring. if its usd negative and we dont move much friday. you will know why. it may be usd positive no matter what number is given the following week. low liquidity makes euro stronger by making euros less available. bad u.s. news can pull the rug out from under exports. reduced demand for products reduces demand for euro. it just takes time. timeline the start of the wedges and see where bank stress test was.
those who can, do. those who cant, talk about those who can
  • #278,056
  • Aug 4, 2010 9:55pm Aug 4, 2010 9:55pm
Quoting stevefx
I read through that stuff-it looks as though the thing is mainly pointed at regulating derivatives, the kind of crap that did a lot of damage to the US economy pre-2008. As for OTC FX stuff, it said the CFTC pretty much has the leverage to interpret and shape the regulations handed to them by Congress-so nothing need be affected or changed unless for some reason thats whats the politicians really want and they exert a lot of pressure to make it so. I wouldn't worry too much about it at this point.
I like your signature. I battled so much on the 10:1 leverage that I'm too tired to look into this. It's just getting annoying now
  • #278,057
  • Aug 4, 2010 9:55pm Aug 4, 2010 9:55pm
Quoting Jay Walker
I'm not worried about it at all actually.
lol, me either-it was more a general don't worry about it for people who may be worried about it...
  • #278,058
  • Aug 4, 2010 9:57pm Aug 4, 2010 9:57pm
Quoting Maxsmart
I like your signature.
Thanks.
  • #278,059
  • Aug 4, 2010 10:15pm Aug 4, 2010 10:15pm
Quoting Jay Walker
Good Donnie.

For those keeping tabs, I re-entered trades I exited yesterday.

EUR/JPY Long @ 113.64

GBP/JPY Long @ 137.22

And still in my other two trades. They are

USD/CAD Short @ 1.0393

EUR/USD Long @ 1.2951
And for those of you with nothing better to do than follow my every move, I entered EUR/CHF long on the daily chart just now at 1.3859.
Not all sins are created equal
  • #278,060
  • Aug 4, 2010 10:25pm Aug 4, 2010 10:25pm
Quoting kuroro001
I've checked the daily as well...and i've noticed that when price goes up without vol on a uptrend then a reversal candle appear, it's often the sign of a reversal or at least a big retracement
And that's what just happened...going up on low vol...then bullish engulfing candle...we'll see
hey we got tweezers on the usdx and gbp also. daily
those who can, do. those who cant, talk about those who can
1,375 traders viewing now