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EURUSD

  • #411,881
  • Mar 23, 2011 6:19am Mar 23, 2011 6:19am
Quoting fxcan
Many thanks. That was easy 17 pips for me
You are welcome.
  • #411,882
  • Mar 23, 2011 6:22am Mar 23, 2011 6:22am
Quoting TraderMark
Here is my take on the situation: Re: EUR, fundamentally, the Europeans are well into the debt crisis, and implementing austerity programs to control spending, refinancing and restructuring debt. While it is beocming apparent that PIGS may not actually survive their debt burden, all their struggles are well advanced, and the end game is becoming more apparent.

In regard to your alternative - USD, the debt crisis has yet to begin. It may be seen in its infancy, with state gov's attempting to kill labor unions and balance budgets on the backs of...
Very good post TM, especially that not many posters comment on US and dollar economic issues in depth.

Your outlook for the dollar is very negative but I disagree in 2 particular issues. First, I don't think the dollar has lost its safe haven status. As I mentioned on the prev post, the weakness on the dollar right now is for particular and very well define externalities and economic issues and is not and it doesn't fully reflect a massive risk or panic in confidence in the markets as it happened during the financial crisis where the dollar show its true colors.

Second, I agree that the US debt problem has move from a temporary imbalance to a structural one and the risk associated with a burst on debt will be not only catastrophic for the US but for entire world economy. However, you maybe underestimating the leverage the US has and will have for a long time with "Seigniorage". The size of the US economy and the wide spread use of dollar on reserves, international trade combined with the "flexibility" printing money and managing Treasuries give the US a huge range of maneuver that no one else remotely have.

In simple words I don't see "short" term (next 5 years) the EUR or any other as an alternative world "reserve" currency. Moreover, I think as soon as the FED start flirting with hikes and the "real" (not financial) part of US economy start picking up we'll see the dollar back on track.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #411,883
  • Mar 23, 2011 6:23am Mar 23, 2011 6:23am
Quoting T@rantula
You are welcome.
Hi T,
ready for a turn-around :=)
  • #411,884
  • Mar 23, 2011 6:24am Mar 23, 2011 6:24am
Quoting T@rantula


Just be wary when u trade of the lower TFs, they can screw technicals at some point. And generally speaking i cannot agree more.

A good technical analysis is the very first step for a successful trading. Apply a good MM and discipline and you can call yourself a trader.
hey i ll be happy one day to be as good as you and some other guys here.
Thank you all for all we learn here
  • #411,885
  • Mar 23, 2011 6:25am Mar 23, 2011 6:25am
Hey guys what is the price now? I'm kinda away from pc
  • #411,886
  • Mar 23, 2011 6:28am Mar 23, 2011 6:28am
Quoting thelws
Hey guys what is the price now? I'm kinda away from pc
1.3790 - you have missed 370 pips move, man!
  • #411,887
  • Mar 23, 2011 6:29am Mar 23, 2011 6:29am
Quoting T.E.Lawrence
1.3790 - you have missed 370 pips move, man!

now thats not fair is it....

price is at 1.4160 friend
  • #411,888
  • Mar 23, 2011 6:32am Mar 23, 2011 6:32am
Ok,
I'm in business now.
Opened s at 1.418 (given PA), SL manual
Target no. 1: 1.4137
  • #411,889
  • Mar 23, 2011 6:33am Mar 23, 2011 6:33am
Quoting T@rantula
I opened a long @ 0.8995 s/l 0.8974.

Lower Bollinger band pierce and close above. Also a "spike" candle h1 close
Closed + 23
  • #411,890
  • Mar 23, 2011 6:33am Mar 23, 2011 6:33am

Quoting T.E.Lawrence
1.3790 - you have missed 370 pips move, man!
  • #411,891
  • Mar 23, 2011 6:35am Mar 23, 2011 6:35am
if 1.415 don't hold ... goodbye 1.4280 ...today
  • #411,892
  • Mar 23, 2011 6:39am Mar 23, 2011 6:39am
Lol I got a stop in place. Can't lose more than that. But was hoping it went pass 4200
  • #411,893
  • Mar 23, 2011 6:39am Mar 23, 2011 6:39am
Quoting stormtrader
sl at be...lets ride
closed at 1.4155 .....itchy fingers...lol waiting for the next set up
  • #411,894
  • Mar 23, 2011 6:40am Mar 23, 2011 6:40am
Quoting TraderMark
Here is my take on the situation: Re: EUR, fundamentally, the Europeans are well into the debt crisis, and implementing austerity programs to control spending, refinancing and restructuring debt. While it is beocming apparent that PIGS may not actually survive their debt burden, all their struggles are well advanced, and the end game is becoming more apparent.

In regard to your alternative - USD, the debt crisis has yet to begin. It may be seen in its infancy, with state gov's attempting to kill labor unions and balance budgets on the backs of...
Thankyou very much tm and also sisse,
I totally agree your long entry is great ,I too entered in that area but exited at the resistance 1.4000 as it looked to be coming back again .
making green pips large and red pips small this is my goal.
  • #411,895
  • Mar 23, 2011 6:40am Mar 23, 2011 6:40am
Quoting T@rantula
Closed + 23

Hi T.!

what settings for bollinger bands are you using?

are you looking at them at all t frames or some specific?

thx
  • #411,896
  • Mar 23, 2011 6:44am Mar 23, 2011 6:44am
Scaled down at 1.4151

Waiting for the test at 1.417 to reload s or close

Quoting EuroTrader
if 1.415 don't hold ... goodbye 1.4280 ...today
  • #411,897
  • Mar 23, 2011 6:45am Mar 23, 2011 6:45am
Oh man, crazy days...

"Shares on Egypt’s stock exchange plunged Wednesday as the market reopened after being shut for nearly two months because of the mass protests that toppled former President Hosni Mubarak. Egypt’s finance minister was on hand as men dumped confetti on the trading floor to mark the resumption of trading. But within seconds of the opening, trading was once again halted as an intense sell-off drove shares below pre-set limits put in place to slow any sharp declines. The market reopened half an hour later. The benchmark EGX 30 index was trading down 9 percent at 5,137 points by early afternoon, recovering slightly from a drop of nearly 10 percent earlier. Finance Minister Samir Radwan called on investors not to panic."
  • #411,898
  • Mar 23, 2011 6:46am Mar 23, 2011 6:46am
Quoting T@rantula


Just be wary when u trade of the lower TFs, they can screw technicals at some point. And generally speaking i cannot agree more.

A good technical analysis is the very first step for a successful trading. Apply a good MM and discipline and you can call yourself a trader.
I must be the next goerge soros or warren buffet then j/k..... actually no im not hey everyone happy happy
Ambition
  • #411,899
  • Mar 23, 2011 6:47am Mar 23, 2011 6:47am
Looks like it bounced at 23.6 fib..
This baby is going down
  • #411,900
  • Mar 23, 2011 6:47am Mar 23, 2011 6:47am
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