EURUSD | Page 20414 | 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

  • #408,261
  • Mar 16, 2011 5:30pm Mar 16, 2011 5:30pm
Quoting Larseg
We talked about Volume and VSA trading earlier, just want to say on top of the discussion that;

The worst thing is that the tic data isnt even a printed price, its when the offered price moves within the spread. Technically its possibly to have no trading throughout the day with heaps of volume, if traders put in an offer and withdraws it before its printed...
Normally this doesn't happen too often, but it happens...
hmmm.. interesting. Thanks for the heads up. Will look back an read the discussion.. I have not been following much today with my real job, and such.

Looks like the dust is settling now and the pair is working itself back into the rising and falling trendlines.

an imminent decisive move for the pair on anyone's sights? say within the next 7 trading days?

Thanks Larseg
  • #408,262
  • Mar 16, 2011 5:30pm Mar 16, 2011 5:30pm
Quoting bbakker
Can't believe people are trying to trade this

Considering 95% are scalpers on this forum... it is like a freight train has hit them!
I've been Long Eur/Aud for Like a week now this has actually confirmed My Long on eur/Usd. Where Eur/Aud Made new highs Eur/Usd sank but not making considerable Lows on the daily Scope.
Best Regards Moneymike
  • #408,263
  • Mar 16, 2011 5:30pm Mar 16, 2011 5:30pm
Quoting cloggie
The pair is collapsing, they need to repatriate so much and their industrial output is down by probably 50% or more increasing the value of Yen to the point we are seeing now. They are selling dollars by the truckload, 78 was a big line in the sand, loads of stops and option barriers below and the word has been that the BOJ would use that level to interfere in the currency market to drive the Yen down. Right now they are pricing themselves out of the global market. The one thing that every trader will be watching is to see if they are going to buy...
Hi Cloggie,

can one state that JPY is now in the same situation the USD will be, when the financel market meltdown continues? The problem for the USD then is, that most of the debt worldwide is denominated in USD, and when we see more and more imploding debt the rest of the USD will get worth more.

Thanks in advance,

Markus
  • #408,264
  • Mar 16, 2011 5:31pm Mar 16, 2011 5:31pm
Quoting knuckledrag
Everyone can follow Cloggie off this cliff if they want,

Huh?

Quoting cloggie
. Leaving EU alone entirely as this is just a cross to position the Yen pairs right now and has no rhyme or reason as to direction, just a gamble on this pair.
  • #408,265
  • Mar 16, 2011 5:31pm Mar 16, 2011 5:31pm
Quoting cloggie
Am trading yen crosses only here, saw that 78 coming in sight and could not resist. Leaving EU alone entirely as this is just a cross to position the Yen pairs right now and has no rhyme or reason as to direction, just a gamble on this pair.
'ere cloggie me old china, do us a favour and let us know when you decide to buy UJ...
"Sell? Sell? No! I can't Sell! I'll Sell When I'm Dead"
  • #408,266
  • Mar 16, 2011 5:31pm Mar 16, 2011 5:31pm
Interesting article comparing the Kobe earthquake:
http://www.cnbc.com/id/42035905/IFR_...me_s_different

another one
http://www.actionforex.com/analysis/daily-forex-fundamentals/japan's-disaster-and-usdjpy:-why-this-time-is-different-from-kobe-earthquake-in-1995-20110314135274/

how the USDJPY reacted to Kobe
http://media.dailyfx.com/illustratio...y_usdjpy95.png
  • #408,267
  • Mar 16, 2011 5:31pm Mar 16, 2011 5:31pm
Quoting knuckledrag
The facts are plain, tear two markets have remove liquidity from the market. Until the dust settles trading is stupid. The sun will rise in the morning and there will be trades to be had. For now the side lines is the place to be.
Exactly!
  • #408,268
  • Mar 16, 2011 5:32pm Mar 16, 2011 5:32pm
Quoting cloggie
The pair is collapsing, they need to repatriate so much and their industrial output is down by probably 50% or more increasing the value of Yen to the point we are seeing now. They are selling dollars by the truckload, 78 was a big line in the sand, loads of stops and option barriers below and the word has been that the BOJ would use that level to interfere in the currency market to drive the Yen down. Right now they are pricing themselves out of the global market. The one thing that every trader will be watching is to see if they are going to buy...
Thanks for that.
  • #408,269
  • Mar 16, 2011 5:32pm Mar 16, 2011 5:32pm
Quoting Marioa01
hmmm.. interesting. Thanks for the heads up. Will look back an read the discussion.. I have not been following much today with my real job, and such.

Looks like the dust is settling now and the pair is working itself back into the rising and falling trendlines.

an imminent decisive move for the pair on anyone's sights? say within the next 7 trading days?

Thanks Larseg
Wasn't you alone but with Malcolm and the other VSA traders quite intense discussion... ahhhh... good times



-------------------
EJ is wild
  • #408,270
  • Mar 16, 2011 5:33pm Mar 16, 2011 5:33pm
Quoting knuckledrag
For now the side lines is the place to be.

I'll do you one better brother, bed is the place to be...good nite and good luck out there...
Look Sharp/Trade Tight
  • #408,271
  • Mar 16, 2011 5:33pm Mar 16, 2011 5:33pm
Quoting cloggie
Huh?
Sorry, it seemed you wear encouraging the simple minded. I stand corrected.
  • #408,272
  • Mar 16, 2011 5:33pm Mar 16, 2011 5:33pm
Quoting SirMcPip
That is the beauty of trading the daily and weekly charts. You can just sit back and enjoy this nonsense.
LOL
So what happens when the nonsense is a one way road?
Wait for the daily or weekly close just to make decision to flip or quit?
  • #408,273
  • Mar 16, 2011 5:33pm Mar 16, 2011 5:33pm
I am out of here... got some reading to do!
  • #408,274
  • Mar 16, 2011 5:34pm Mar 16, 2011 5:34pm
Quoting knuckledrag
Sorry, it seemed you wear encouraging the simple minded. I stand corrected.

NO, no, no. I am usually the one coming down like a ton of bricks on them in here. I gave the headsup on the 78 line in the sand before the sh!t hit the fan and been watching the entertainment on the thread ever since.

I managed to cover part of my yen trades, got some lousy fills on them. Still watching 78 as we speak, have some more trades going on the pair. Would love to see another stab at 76. am not buying that one till I see the BOJ's dirty fingers poking around the pair.
  • #408,275
  • Mar 16, 2011 5:40pm Mar 16, 2011 5:40pm
Hey Cloggie,remember some of us going on
about using stop losses,Fiber was ok but
take a look at some other pairs.
Been trading Swissy a lot to the short side,
most were trying to long,if they didn't have
stops in place,then its down to the wood shed for them mate
You can remain irrational longer than you can remain solvent.
  • #408,276
  • Mar 16, 2011 5:40pm Mar 16, 2011 5:40pm
Quoting cloggie
Am trading yen crosses only here, saw that 78 coming in sight and could not resist. Leaving EU alone entirely as this is just a cross to position the Yen pairs right now and has no rhyme or reason as to direction, just a gamble on this pair.
I was tempted but I have already taken a eu trade with success this morning

funny too watch though LOOK at that chart!!!

As charlie seen says if your on a lucky streak you sit still and pee in your pants.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2011-03-17 at 9.38.02 AM.png Size: 51 KB
  • #408,277
  • Mar 16, 2011 5:42pm Mar 16, 2011 5:42pm
Quoting Larseg
I was tempted but I have already taken a eu trade with success this morning

funny too watch though LOOK at that chart!!!

As charlie seen says if your on a lucky streak you sit still and pee in your pants.

You always hear me say this, when the techs and the fundies are pulling in the same direction, there is serious money to be made.
  • #408,278
  • Mar 16, 2011 5:43pm Mar 16, 2011 5:43pm
I was interested if he is still buying without SL.. I wonder how much he is down... an example of a bad strategy. when unexpected happens

http://www.forexfactory.com/showpost...ostcount=22858

Quoting KillerWhale
I will stay long UY, I can hold til the all time low and way further without the risk of a margin call.
Let's see what BoJ will do in the next few days.

Shamu
Quoting KillerWhale
Just keep buying, sometime I will come out as a big winner.
  • #408,279
  • Mar 16, 2011 5:45pm Mar 16, 2011 5:45pm
Quoting cloggie
You always hear me say this, when the techs and the fundies are pulling in the same direction, there is serious money to be made.
Sure is but how long will it last?

Thinking of USDJPY as japan intervened it lasted 14 days before it was nilled out again will we see 113 again?
  • #408,280
  • Mar 16, 2011 5:46pm Mar 16, 2011 5:46pm
Bad thing happening to Japan. I wish & hope that the situation ends they heal soon. I wish I could stop trading, but I can't. It is part of me, who I am and my livelihood.
452 traders viewing now