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  • #479,241
  • Jul 4, 2011 8:02am Jul 4, 2011 8:02am
Now I have worked most of my way through the Mother of all hangovers - chancing a long
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  • #479,242
  • Jul 4, 2011 8:02am Jul 4, 2011 8:02am
Thanks....I have sensed a few things about it for a while....then got serious about trying to make sense of it.....It seems more logical in my mind, then by trying to capture specific points of supply and demand ref points.....I was really surprised to C the correlations and really stoked. Hope this may help someone....thanks again to all of yall....



Quoting sisse
lol...ok. FYI, the euro was conceived in 1992 Maastricht Treaty, in 1999 it was introduced as mean of payment but not in cash (coins and bills) and entered in circulation in 2002 (an only then traded in the spot market)....

I guess you have a reference between the ECU (pseudo currency only valid for reference) and the dollar but that absolutely nothing to do with the euro for trading purposes ...

In any case, you may want to check Dow theory that is 100 year old and is based in +/- your number (diving the market in 3 parts:33%,66%,99%)....just...
  • #479,243
  • Jul 4, 2011 8:03am Jul 4, 2011 8:03am
Quoting PayTheLimit
its synthetic brother, they just use the formula and conversion rates for each currency...

ie 1 EUR= 1.95583 DEM...and so forth
No no no ... und nochmals nein ...

Has been recorded before official fixum as single currency rate as well ...

Name has been ECU before launched as EURO ...

REUTERS trading code bzw. ISO-Ticker has been XEU/USD ... before EUR/USD ... when it has been commonly known as ECU ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #479,244
  • Jul 4, 2011 8:05am Jul 4, 2011 8:05am
Quoting cloggie
I use a full basket, get the ECU (XEUUSD) and plot that till the EUR inception as it was transferred 1:1, a bit cleaner that way.
Do pros use this thing? Or is it your own method?
  • #479,245
  • Jul 4, 2011 8:06am Jul 4, 2011 8:06am
Quoting cloggie
My charts go back to 1979
Sure mate, as I replied before, thats with ECU as reference, good and valid but as you know and in the context of the thread, is only valid for some macro econometric regression models but not for trading decisions.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #479,246
  • Jul 4, 2011 8:07am Jul 4, 2011 8:07am
Quoting mercy seat
No no no ... und nochmals nein ...

Has been recorded before official fixum as single currency rate as well ...

Name has been ECU before launched as EURO ...

REUTERS trading code bzw. ISO-Ticker has been XEU/USD ... before EUR/USD ... when it has been commonly known as ECU ...






;-|
yes I know, just saying some charting software in the old days just did a rough converstion...
Look Sharp/Trade Tight
  • #479,247
  • Jul 4, 2011 8:10am Jul 4, 2011 8:10am
Quoting sisse
lol...ok. FYI, the euro was conceived in 1992 Maastricht Treaty, in 1999 it was introduced as mean of payment but not in cash (coins and bills) and entered in circulation in 2002 (an only then traded in the spot market)....

I guess you have a reference between the ECU (pseudo currency only valid for reference) and the dollar but that has absolutely nothing to do with the euro for trading purposes ...

In any case, you may want to check Dow theory that is 100 year old and is based in +/- your number (dividing the market...
Wrong as well ...

Trading of USD/DEM has been finished at Monday 04.01.1999 ...

I know that as if it has been yesterday ...

From that Monday ... even then when all countries have had their coins and notes still circulating ... the trading with national currencies has been finished ...

04. January 1999 ...

Before that it has been tradeable as well ... as mentioned before ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #479,248
  • Jul 4, 2011 8:12am Jul 4, 2011 8:12am
Quoting sisse
Sure but you know what I meant, I replied before reading your post....


sisse
indeed, I agree, however lots of FX prices used to be made up of air, something you just had to take into account, years ago when I traded DEM/ITL, the Asian prices on your quotes where rarely tradeable, it was usually just synthetic indications from DEM/USD and USD/ITL, rarely was there an actual market for the damn thing,cause their was not market for USD/ITL either, lol.. true also for DEM/FRF and the Peso, and the Scandis...the marekt was not really 24/7 but for the majors only...
Look Sharp/Trade Tight
  • #479,249
  • Jul 4, 2011 8:13am Jul 4, 2011 8:13am
Quoting mercy seat
No no no ... und nochmals nein ...

Has been recorded before official fixum as single currency rate as well ...

Name has been ECU before launched as EURO ...

REUTERS trading code bzw. ISO-Ticker has been XEU/USD ... before EUR/USD ... when it has been commonly known as ECU ...



;-|
ECU was around for decades before the Euro, funny thing is when some institutions want to backchart and test the E/U pair, they swap the Euro with the DM at around 1999 in their charts.
Don't get mad, get even!
  • #479,250
  • Jul 4, 2011 8:16am Jul 4, 2011 8:16am
Quoting mercy seat

Trading of USD/DEM has been finished at Monday 04.01.1999 ...

I know that as if it has been yesterday ...




;-|
i seem to recall that period also...but my memory is fading
Look Sharp/Trade Tight
  • #479,251
  • Jul 4, 2011 8:17am Jul 4, 2011 8:17am
Quoting PayTheLimit
indeed, I agree, however lots of FX prices used to be made up of air, something you just had to take into account, years ago when I traded DEM/ITL, the Asian prices on your quotes where rarely tradeable, it was usually just synthetic indications from DEM/USD and USD/ITL, rarely was there an actual market for the damn thing,cause their was not market for USD/ITL either, lol.. true also for DEM/FRF and the Peso, and the Scandis...the marekt was not really 24/7 but for the majors only...
....well even now most of the exotic crosses (not pairs) are made of "air". Thats why trading some of the exotics is extremely hard to trade FA and TAwise.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #479,252
  • Jul 4, 2011 8:19am Jul 4, 2011 8:19am
BTW this was the ugliest looking but best feeling bank note ever made!

I remember how much worth it had, both my parents had to work for 2 months and not spend any to get one of those... Great note, I miss it

http://upload.wikimedia.org/wikipedi...orderseite.jpg
Don't get mad, get even!
  • #479,253
  • Jul 4, 2011 8:20am Jul 4, 2011 8:20am
Quoting sisse
....well even now most of the exotic crosses (not pairs) are made of "air". Thats why trading some of the exotics is extremely hard to trade FA and TAwise.

sisse

lol, just like calling cable a major...the should call it a hot air ballon...most of the time its thinner than Mr.Hatch's hair...
Look Sharp/Trade Tight
  • #479,254
  • Jul 4, 2011 8:21am Jul 4, 2011 8:21am
Quoting PayTheLimit
indeed, I agree, however lots of FX prices used to be made up of air, something you just had to take into account, years ago when I traded DEM/ITL, the Asian prices on your quotes where rarely tradeable, it was usually just synthetic indications from DEM/USD and USD/ITL, rarely was there an actual market for the damn thing,cause their was not market for USD/ITL either, lol.. true also for DEM/FRF and the Peso, and the Scandis...the marekt was not really 24/7 but for the majors only...
For Principal Major currencies like USD; DEM; GBP; CHF; CAD; AUD; JPY; it has been always the same procedure as nowadays via true Interbank Connections ...

Nothing changed there ...

Only thing that has been changed has been those much much lower standart order sizes now ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #479,255
  • Jul 4, 2011 8:21am Jul 4, 2011 8:21am
Noted. Thanks for the exact info.

sisse

Quoting mercy seat
Wrong as well ...

Trading of USD/DEM has been finished at Monday 04.01.1999 ...

;-|
Pending conversations? PM for a chat...I am mainly in OTM now
  • #479,256
  • Jul 4, 2011 8:22am Jul 4, 2011 8:22am
Quoting chazzle
Now I have worked most of my way through the Mother of all hangovers - chancing a long
well played, good thing your scalping of the 8hr then....
Look Sharp/Trade Tight
  • #479,257
  • Jul 4, 2011 8:24am Jul 4, 2011 8:24am
Quoting mercy seat
For Principal Major currencies like USD; DEM; GBP; CHF; CAD; AUD; JPY; it has been always the same procedure as nowadays via true Interbank Connections ...

Nothing changed there ...

Only thing that has been changed has been those much much lower standart order sizes now ...



;-|
how wide do you remember the mark, 2/3 pips wide?
Look Sharp/Trade Tight
  • #479,258
  • Jul 4, 2011 8:25am Jul 4, 2011 8:25am
Quoting stulic
BTW this was the ugliest looking but best feeling bank note ever made!

I remember how much worth it had, both my parents had to work for 2 months and not spend any to get one of those... Great note, I miss it

http://upload.wikimedia.org/wikipedi...orderseite.jpg

Ahhhh ...

It damn hurts ...

I want to have them back those notes ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #479,259
  • Jul 4, 2011 8:25am Jul 4, 2011 8:25am
Quoting chazzle
Now I have worked most of my way through the Mother of all hangovers - chancing a long
are you going to hold? i'm watching 15 for 4548 up or 4493 down...
  • #479,260
  • Jul 4, 2011 8:29am Jul 4, 2011 8:29am
Quoting PayTheLimit
how wide do you remember the mark, 2/3 pips wide?
Easy peasy for me ... I have containers with old REUTERS plotter charts ...

But of course ... still deep in my mind as well ... specially turning points of USD/DEM and GBP/DEM and GBP/CHF pairs which I did trade mostly ...

Less DEM/JPY and USD/JPY ... only during the intervention years ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
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