EURUSD | Page 19835 | 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

  • #396,681
  • Feb 25, 2011 3:14pm Feb 25, 2011 3:14pm
I tell you on balance I think I hate this FX stuff. When is the last time you traded some commodities. Funny, when I traded commodities, all I could think about was trading FX, and now the opposite.
Look Sharp/Trade Tight
  • #396,682
  • Feb 25, 2011 3:20pm Feb 25, 2011 3:20pm
Quoting PayTheLimit
I tell you on balance I think I hate this FX stuff. When is the last time you traded some commodities. Funny, when I traded commodities, all I could think about was trading FX, and now the opposite.

You know, when I first came over to FX from equities, I thought it was absolutely impossible to consistently predict direction. Everything seemed so random.

And yet, now, out of the chaos, it does a wonderful job of pointing it's finger and saying, I am going here!
  • #396,683
  • Feb 25, 2011 3:20pm Feb 25, 2011 3:20pm
Quoting PayTheLimit
I tell you on balance I think I hate this FX stuff. When is the last time you traded some commodities. Funny, when I traded commodities, all I could think about was trading FX, and now the opposite.
I've had a March bean position on since late September. Just steady since then, until the last two weeks. Next week it's outa here.

I'd like to trade a commodity index, but the GSCI is way too thin and expensive and I don't trust anything with GS in the name.
  • #396,684
  • Feb 25, 2011 3:24pm Feb 25, 2011 3:24pm
back to my eyes was out

last chart for this week and i love today closing

lets have a great weekend good luck all
Attached Image (click to enlarge)
Click to Enlarge Name: 4h eur.gif Size: 20 KB
  • #396,685
  • Feb 25, 2011 3:25pm Feb 25, 2011 3:25pm
People can say what they will about MA's in forex. But in the deep physical commodities, where there is big commercial interest, longer ema's have, and continue to, work very well, as long as you're not day trading or spook easily when the elephants butt heads for a couple of days.
  • #396,686
  • Feb 25, 2011 3:26pm Feb 25, 2011 3:26pm
Quoting OldQuant
I've had a March bean position on since late September. Just steady since then, until the last two weeks. Next week it's outa here.

I'd like to trade a commodity index, but the GSCI is way too thin and expensive and I don't trust anything with GS in the name.

Lol, I've traded that also, lol. I knew almost all the guys in that pit. They only traded a couple days a month. All they did was trade the roll every month, lol. Dont think I ever saw one of them do an outright.
Look Sharp/Trade Tight
  • #396,687
  • Feb 25, 2011 3:28pm Feb 25, 2011 3:28pm
Quoting OldQuant
People can say what they will about MA's in forex. But in the deep physical commodities, where there is big commercial interest, longer ema's have, and continue to, work very well, as long as you're not day trading or spook easily when the elephants butt heads for a couple of days.
It's more about conviction to a strategy. Hell, I have a couple of MA's up on my chart just to gauge trend direction when it is not quite so obvious. I probably could make a strategy out of them alone and have it be profitable.

You could make a really easy strategy out of the 200 MA on the daily as well.

The tools are all in the hands of the holder.
  • #396,688
  • Feb 25, 2011 3:29pm Feb 25, 2011 3:29pm
Quoting Venice
You know, when I first came over to FX from equities, I thought it was absolutely impossible to consistently predict direction. Everything seemed so random.

And yet, now, out of the chaos, it does a wonderful job of pointing it's finger and saying, I am going here!
I just miss the volatility. I miss screaming...I'll pay the limit..lol
Look Sharp/Trade Tight
  • #396,689
  • Feb 25, 2011 3:31pm Feb 25, 2011 3:31pm
Quoting OldQuant
I was as sure as sunrise that there was going to be sell-off US overnight; just too much "to da moon" talk, and 400 is a big move with only a few head fakes. But there's probably enough opinion balance here now that the forces behind the PA are favoring resumption up.

But subject to events. I'm going to go into the weekend flat.
Wise, given the uncertainty in global risk flows atm...

As it stands we're bang on 23.6% fr of the 14th Feb low to high, which in my book is nothing more than a minor correction...
Attached Image (click to enlarge)
Click to Enlarge Name: Image13.jpg Size: 258 KB
  • #396,690
  • Feb 25, 2011 3:34pm Feb 25, 2011 3:34pm
Quoting PayTheLimit
Lol, I've traded that also, lol. I knew almost all the guys in that pit. They only traded a couple days a month. All they did was trade the roll every month, lol. Dont think I ever saw one of them do an outright.
Yep, you don't get any more "local" than the bean or the wheat. Always has been: beans, wheat, corn, oats. That order in price, that order in "importance." Anything else was transitory, illusionary.

Now, with the mergers and the IPO's, the electronic carries the spec water, and I imagine that most just go in anymore to have a reason to go to the club after work.
  • #396,691
  • Feb 25, 2011 3:39pm Feb 25, 2011 3:39pm
Quoting Venice
Hell, I have a couple of MA's up on my chart just to gauge trend direction when it is not quite so obvious. ... You could make a really easy strategy out of the 200 MA on the daily as well.
+2 on those; when I post a chart I have to remove some MA lines so nobody wonders what they are or wonder what kind of an idiot I am to have them on there.
  • #396,692
  • Feb 25, 2011 3:41pm Feb 25, 2011 3:41pm
Like I said before, when I see the word OAT in print, the hair on my neck stands up. One of my all time favorites. I cant tell you how I loved that market. Have no idea why I got so involved in that market, but for about 5yrs, I was a shooter in there, lol.
Look Sharp/Trade Tight
  • #396,693
  • Feb 25, 2011 3:48pm Feb 25, 2011 3:48pm
Quoting PayTheLimit
Like I said before, when I see the word OAT in print, the hair on my neck stands up. One of my all time favorites. I cant tell you how I loved that market. Have no idea why I got so involved in that market, but for about 5yrs, I was a shooter in there, lol.
You got the same fundamental moves as W or C, but quiet enough and cheap enough that you didn't get all puckered up at least once a week.

BTW, I was talking to a Cargill corn guy around Christmas at a party in Chicago. He said something interesting: he didn't believe we'd see 4 dollar corn again in his lifetime, regardless of what happens with ethanol. Because of Asia. And he wasn't that old.

Did you know Cargill is still family owned?
  • #396,694
  • Feb 25, 2011 3:54pm Feb 25, 2011 3:54pm
Quoting OldQuant
Did you know Cargill is still family owned?
Yes.

Now there's a firm you dont see quoted on this thread much. Hell, in the grain room, its like UBS, Deutch Bank, and Goldman all wraped in one. I knew I guy in the corn pit who was a rookie. I saw him at a bar and asked him how it was going. He said great....just dont fuck with Cargill, and ADM, lol
Look Sharp/Trade Tight
  • #396,695
  • Feb 25, 2011 3:57pm Feb 25, 2011 3:57pm
what are your opinions on EURUSD During this weekend ?
will it continue to fall or it is already enough falling and it will start to correct ?
  • #396,696
  • Edited 4:01pm Feb 25, 2011 3:58pm | Edited 4:01pm
Flat around 48.

Any move down between now and Sunday night will be chalked up to insurance.

Any move up will show my brilliance.
  • #396,697
  • Feb 25, 2011 4:01pm Feb 25, 2011 4:01pm
Quoting PayTheLimit
just dont fuck with Cargill, and ADM, lol
Or, in the old days, Continental before they went all up town and replaced the thugs with MBAs and branding and such. They owned the corn elevators. Now they own Orville Redenbacher's popcorn.
  • #396,698
  • Feb 25, 2011 4:06pm Feb 25, 2011 4:06pm
Quoting OldQuant
Or, in the old days, Continental before they went all up town and replaced the thugs with MBAs and branding and such. They owned the corn elevators. Now they own Orville Redenbacher's popcorn.
lol, now thats a little before my time...lol. I miss the floor every day. Now I sit in my robe and stare into the forex abyss for 15hrs a day, WTF. I miss the yelling,screaming,spitting, pushing,shoving,cursing....I miss the action.
Look Sharp/Trade Tight
  • #396,699
  • Feb 25, 2011 4:15pm Feb 25, 2011 4:15pm
Well, I think it's a wrap for me. Have a good weekend, all.
  • #396,700
  • Feb 25, 2011 4:17pm Feb 25, 2011 4:17pm
Quoting OldQuant
Well, I think it's a wrap for me. Have a good weekend, all.
enjoy brother....
Look Sharp/Trade Tight
490 traders viewing now, 2 are registered:
Jewel1996
,
loricca