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  • #347,161
  • Dec 16, 2010 8:16am Dec 16, 2010 8:16am
Quoting SkullCandy
is its me,or some1 see the same as i Do? ( the news wasnt good for dollar as many from here expected,so basically, it should go up? )Attachment

Attachment

I think you're not or at least have not completely understood how fundamentals work. News is mostly irrelevant with the rare exception of important news (downgrades, financial bailouts, bond yields exploding etc etc)

Right now were in a consolidation area, buyers and sellers are agreeing upon a... price range of what the eur/usd relationship is worth.
There are forces which you cannot control which are beyond your grasp which are willing to defend certain areas this is which we know as support and resistance. Be mindful that big funds, banks etc all have a stake and a position so what it really comes down to right now is supply and demand.

Taken from wikipedia:
Quote
The four basic laws of supply and demand are

 

  1. If demand increases and supply remains unchanged then higher equilibrium price and quantity.
  2. If demand decreases and supply remains the same then lower equilibrium price and quantity.
  3. If supply increases and demand remains unchanged then lower equilibrium price and higher quantity.
  4. If supply decreases and demand remains the same then higher price and lower quantity.


So you will have to watch price action and set yourself up, right now eur/usd is consolidating which means a breakout will happen in either direction sooner or later depending on several factors.

The point im making if this was TL;DR for you is the following:

News has no effect if sufficient supply/demand are available at key levels
  • #347,162
  • Dec 16, 2010 8:20am Dec 16, 2010 8:20am
well it sucks mahn its all range bound i think i will have to move to some other pair if this continues any suggestions
  • #347,163
  • Dec 16, 2010 8:22am Dec 16, 2010 8:22am
I like your ideas

Quoting Orbital
I think you're not or at least have not completely understood how fundamentals work. News is mostly irrelevant with the rare exception of important news (downgrades, financial bailouts, bond yields exploding etc etc)

Right now were in a consolidation area, buyers and sellers are agreeing upon a... price range of what the eur/usd relationship is worth.
There are forces which you cannot control which are beyond your grasp which are willing to defend certain areas this is which we know as support and resistance. Be mindful that big funds, banks etc...
  • #347,164
  • Dec 16, 2010 8:22am Dec 16, 2010 8:22am
Quoting Orbital
I think you're not or at least have not completely understood how fundamentals work. News is mostly irrelevant with the rare exception of important news (downgrades, financial bailouts, bond yields exploding etc etc)

Right now were in a consolidation area, buyers and sellers are agreeing upon a... price range of what the eur/usd relationship is worth.
There are forces which you cannot control which are beyond your grasp which are willing to defend certain areas this is which we know as support and resistance. Be mindful that big funds, banks etc...
thanks for info maybe you know where i can find some more info about how news react on prices in fx?
Consistency will bring everything...Be good.
100% Is The Target v.1 All Time Return: -95.4%
  • #347,165
  • Dec 16, 2010 8:26am Dec 16, 2010 8:26am
Quoting Pipmysterio
I don't think we will move there yet. It looks like a sideways market is in play until maybe January 2011. Maybe the scalpers will take it to 34 again during the holidays season.
or - this could be the so called right price where everybody is happy
  • #347,166
  • Dec 16, 2010 8:28am Dec 16, 2010 8:28am
Quoting johnnyrei
Gold down to 1372 - will euro follow?
That is difficult to say , last few weeks gold reacting with euro-dollar changing & not showing any extra strength.
That is my doubt as to what happening during currency war? investors getting so confidence !!

lets see
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #347,167
  • Dec 16, 2010 8:31am Dec 16, 2010 8:31am
Looking for break 1.3210 then 13180 and were on our way volume coming in
making green pips large and red pips small this is my goal.
  • #347,168
  • Dec 16, 2010 8:33am Dec 16, 2010 8:33am
Quoting fontu
That is difficult to say , last few weeks gold reacting with euro-dollar changing & not showing any extra strength.
That is my doubt as to what happening during currency war? investors getting so confidence !!

lets see
fontu
Totally agree. Gold has been doing it's own thing for sometime now. Even when the dollar is up, Gold is up. My CFA and the market had always taught me that these 2 are negatively correlated. Yet we have been seeing these two instrument move positively off-late. It might be end of year play since the market movers are not trading at this time of the year.
Prices are never too high to begin buying or too low to begin selling.
  • #347,169
  • Dec 16, 2010 8:35am Dec 16, 2010 8:35am
Quoting SkullCandy
thanks for info maybe you know where i can find some more info about how news react on prices in fx?
The best advice i can give to you is go on the http://www.treasury.gov/resource-cen...spx?data=yield and look at some charts of the curve yields and plot the data in excel, for days when you see significant movements in the EUR/USD try looking up if the bond yields have changed significantly, also look for days where you see a crash in eur/usd or a huge pop and google news articles from that date (financial times online is a good place to do that) and see how price reacts towards events.

Im refering to important events and news anouncements not the mostly useless stuff you see announced each day.

Try establishing correlations and you will beginn to understand which type of news you can filter out and which type of news is useful to you. Charts will just help you visualize it.

Wish you the best of luck
  • #347,170
  • Dec 16, 2010 8:35am Dec 16, 2010 8:35am
Guyz i know its not the topic here but plz help out

Is there any forum here or somewhere about gold and silver i am stuck and looking to find help.
  • #347,171
  • Dec 16, 2010 8:36am Dec 16, 2010 8:36am
Quoting PipChick
I like your ideas
Thank you PipChick
  • #347,172
  • Dec 16, 2010 8:39am Dec 16, 2010 8:39am
Quoting kill56
hi all

this a buiishitt market slow boring some scalp but better to stay in bed , we did stay below the WP and still the same low from last night ,lets see if NY big azz's will do if any thing enjoy the day best of luck
Agreed here mango...I did take a few, but closed them off before my 3rd cam target area hit...Dogshit PA, slow moving and both directions are a gamble for the hit and runners...
http://www.forexfactory.com/showpost...stcount=346675

Chart 1, target zones.
Chart 2, current.
Attached Image(s) (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #347,173
  • Dec 16, 2010 8:43am Dec 16, 2010 8:43am
PA proved that EU wasn't tradable today !.

trading any other pair was much better !.
I SEE YOU !!
  • #347,174
  • Edited 8:55am Dec 16, 2010 8:44am | Edited 8:55am
Quoting gatorinla
if and only if 3236 is crossed. upper pink box.
we should get a knock on the floor is we touch 3215.. this could be enough mometum to test last weeks low. but yesterdays low is still tough.. we did put a poke in the trend line... it may take 3.. chart above is updated from yesterday... if we get above the upper pink box it will make this invalid. st look at the upper wicks here.

notice where they fall on the tl channels.. it shows weakness.. even if a pair goes higher level wise. the channel levels dropping can give a clue in its health. it dont mean we cant go higher. it just means in this snapshot in time it was showing weakness/ even as it moved north. the lower wicks are holding ground as the upper are not atm.. the lower are neutral.. the upper are negative.
Attached Image (click to enlarge)
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those who can, do. those who cant, talk about those who can
  • #347,175
  • Dec 16, 2010 8:47am Dec 16, 2010 8:47am
Been watching this level for a few days already...tough area to break below it. Price bouncing here...AGAIN
Attached Image (click to enlarge)
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  • #347,176
  • Dec 16, 2010 8:47am Dec 16, 2010 8:47am
Quoting Muhammad88
Guyz i know its not the topic here but plz help out

Is there any forum here or somewhere about gold and silver i am stuck and looking to find help.
Erm...how bout this one, under Forums > Commodities and Stocks:

XAU/USD & XAG/USD - Gold & Silver FX Traders Thread

http://www.forexfactory.com/showthread.php?t=222032
Thank you Crucial Point, Bleek, Trizzle, Darkstar
  • #347,177
  • Dec 16, 2010 8:50am Dec 16, 2010 8:50am
Quoting chngster
Erm...how bout this one, under Forums > Commodities and Stocks:

XAU/USD & XAG/USD - Gold & Silver FX Traders Thread

http://www.forexfactory.com/showthread.php?t=222032

THANK YOU
  • #347,178
  • Dec 16, 2010 8:53am Dec 16, 2010 8:53am
Quoting Orbital
The best advice i can give to you is go on the http://www.treasury.gov/resource-cen...spx?data=yield and look at some charts of the curve yields and plot the data in excel,

bookmarked
  • #347,179
  • Dec 16, 2010 8:56am Dec 16, 2010 8:56am
once the price action touches a new high in 5min chart around 1.3255 -259
i hope to open a shorting position on eurusd as the trend trading goes as per TL
finding A M S
  • #347,180
  • Dec 16, 2010 8:58am Dec 16, 2010 8:58am
Gold hits 1363!

Support at 1361 - woow!
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