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EURUSD

  • #345,581
  • Dec 14, 2010 10:41am Dec 14, 2010 10:41am
Quoting gstrange
Having lived in Switzerland for a few years, I beleive its only a matter of time before Swiss intervene to weaken the currency against the EUR. They had a policy of keeping the rate at 1.5.

I also have gone long CHF again USD and EUR. Long term plays (days, possibly weeks)
I just operate on smaller timeframes (looking of course at long period trends).
I don't see Switzy with enough power to change the EURUSD man...
  • #345,582
  • Dec 14, 2010 10:44am Dec 14, 2010 10:44am
Quoting gstrange
Having lived in Switzerland for a few years, I beleive its only a matter of time before Swiss intervene to weaken the currency against the EUR. They had a policy of keeping the rate at 1.5.

I also have gone long CHF again USD and EUR. Long term plays (days, possibly weeks)
please ask them to hurry up. i have a loan in chf and my income is in euro
Andreyou
  • #345,583
  • Dec 14, 2010 10:44am Dec 14, 2010 10:44am
Quoting Martingale
I entered long in USDCHF.. we are also @0.786% retracement on a daily, so quite a good RRR!
I suspect the plan would be double bottom @ 9460. on the bigger picture .

area is very tempting for bulls yet propably will try to knock people out there then back up .


just a theory .

we are at historical lows .

If i am going to trade this thing on weekly chart .

I would long targeting 1.27 !!!
I SEE YOU !!
  • #345,584
  • Dec 14, 2010 10:45am Dec 14, 2010 10:45am
Quoting Martingale
I just operate on smaller timeframes (looking of course at long period trends).
I don't see Switzy with enough power to change the EURUSD man...
agreed re EURUSD. But they certainly do have power to change USDCHF and EURCHF.

And for smaller time frames, then not a concern - unless your either of these pairs against the swiss when they do intervene
  • #345,585
  • Dec 14, 2010 10:45am Dec 14, 2010 10:45am
More probable we consolidate going into FOMC and Fed Funds rate.

~3 hours from now.

If sell off comes, congrats to the shorts.
  • #345,586
  • Dec 14, 2010 10:47am Dec 14, 2010 10:47am
Quoting andreypu
please ask them to hurry up. i have a loan in chf and my income is in euro
lol

Just an example of what they have done in the past and what they may do again.

http://www.dailymarkets.com/forex/20...-intervention/

ok, sorry for interrupting the EURUSD thread. I'm done with CHF for now
  • #345,587
  • Dec 14, 2010 10:47am Dec 14, 2010 10:47am
Quoting JackintheBox
@scrat: This is very nice from you. I wish I could give you sth. back. Good trades for you !

@gh0stjpy: I don't know a thread right now, but I can try to explain what PA means for me: PA is how market is driving depending on your timeframe you look at it. (this means PA on 5 minute-Base(candles) can be different for half an hour and then return to PA-structure on 1 hour-timeframe).
PA just means where the market is moving and how it is moving. PA and that's may be new for you, not always make sense for the people who not innitiated...
This is worth reading if you want some insight into what goes on behind the scenes
Attached File(s)
File Type: txt Beat_the_Forex_Dealer%20text[1].txt   363 KB | 1,735 downloads
making green pips large and red pips small this is my goal.
  • #345,588
  • Dec 14, 2010 10:48am Dec 14, 2010 10:48am
@AmeriTrini: Yes, definetly they want Euro to collapse to solve their debts...
I am building up positions on different courrencies except Dollar, cause I am living in Europe and yes I think the euro will collapse soon.

@gstrange: Switzlerand bourned more than 2 billion (I assume) chf/dollars trying to keep it up. They gave up.

@martingale:
Quote
I don't see Switzy with enough power to change the EURUSD man...
That's right, or at least they should not try. Hedgefunds are too strong meanwhile, George Sorros is the best example for a country not to trade against the market.

I think switzerland will soon realize that a hard CHF ist not a big problem on export because the Deutsch-Mark in former times wasn't a problem either and it was a very hard currency.
Besides you get more reserves by a harder currency and that is what switzerland lives off: Money...
  • #345,589
  • Dec 14, 2010 10:50am Dec 14, 2010 10:50am
@paul1: Awesome, thanks a lot, so hard to get stuff by this topic.
  • #345,590
  • Dec 14, 2010 10:51am Dec 14, 2010 10:51am
looks like 3480 is going to establish the new support area 3490 is the bucket b/o area on smaller tf. and it has now been broken.
Know when to hold em, Know when to fold em!
  • #345,591
  • Dec 14, 2010 10:51am Dec 14, 2010 10:51am
I have already said here that charts are saying one thing but PA is resisting to follow the chart.

My last post about Portugal's bailout :
http://lusitanaehabilitas.blogspot.c...dream-for.html
  • #345,592
  • Dec 14, 2010 10:51am Dec 14, 2010 10:51am
Quoting JackintheBox
..
where do you live now?
  • #345,593
  • Dec 14, 2010 10:54am Dec 14, 2010 10:54am
Awwwwwww TY Hatch!

Quoting Mr Hatch
Pipchick, that's for you

http://www.floristonlineindia.com/im...wers/12mix.jpg
  • #345,594
  • Dec 14, 2010 10:56am Dec 14, 2010 10:56am
Quoting Martingale
where do you live now?
Almost in the middle of Europe . Guess you live in spain ? -
Why are you asking ? Do you like martingale systems ? I have concepted different styles and let them programmed for 2000 Dollars but it wasn't really worth it - too static but I like it
  • #345,595
  • Dec 14, 2010 10:59am Dec 14, 2010 10:59am
What kind volatility in the euro do you guys see when the Fed makes their announcement?
  • #345,596
  • Dec 14, 2010 11:01am Dec 14, 2010 11:01am
Quoting paul1
This is worth reading if you want some insight into what goes on behind the scenes
Attachment
Thanks for the info. It seem will benefit me
Good day, I'm okay. Bad day, I'm okay. What's the difference?
  • #345,597
  • Dec 14, 2010 11:01am Dec 14, 2010 11:01am
Quoting JackintheBox
@paul1: Awesome, thanks a lot, so hard to get stuff by this topic.
your welcome
making green pips large and red pips small this is my goal.
  • #345,598
  • Dec 14, 2010 11:03am Dec 14, 2010 11:03am
Quoting ferndog
What kind volatility in the euro do you guys see when the Fed makes their announcement?

FOMC qe does not provide them a position to increase rates.

Notice eu positioning in has been all buying.

Expect this to go up another 100 pips.
Know when to hold em, Know when to fold em!
  • #345,599
  • Dec 14, 2010 11:04am Dec 14, 2010 11:04am
Quoting JackintheBox
Almost in the middle of Europe . Guess you live in spain ? -
Why are you asking ? Do you like martingale systems ? I have concepted different styles and let them programmed for 2000 Dollars but it wasn't really worth it - too static but I like it
hey man, correct I am in barcelona
I spent some time on Martingales too..
http://codebase.mql4.com/6428
http://codebase.mql4.com/5288

but is really all about RiskReward... which does not really gives much added value I think!
  • #345,600
  • Dec 14, 2010 11:07am Dec 14, 2010 11:07am
Quoting ferndog
What kind volatility in the euro do you guys see when the Fed makes their announcement?
Well it already breached daily R (and more importantly made HH and HL in the daily) and got quickly rejected and now is flirting to come back to the daily range and therefore 1,321x. Intraday (H4/H1) are in indecision mode HH but LL and price is also trading below the highs but above yesterday close (more indecision). London was and US is sitting on the short side 1.325x but that level could be already raised given 120 pips move down and London close.

IMO, given those facts, I would rather wait for break and retrace tomorrow if longs to 1.376x or / short with intraday rejection of highs today to 1.321x.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
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