Dislikeddespite all the bad news abt euro and yet the eur still edge higher,why?Ignored
But, i believe EUR will be bearish atleast for today. Let me see whether i land with same result of 10 to 100 ROFL
EurAnalysis Kindergarten 24 replies
Dislikeddespite all the bad news abt euro and yet the eur still edge higher,why?Ignored
DislikedPhb
Thanks for your excellent post. I used to do something similar, but now with you here, I can save myself the trouble. Thanks.
One point I would disagree with is that no QE is bad for the Euro (if you. Quite the opposite. US QE is very good for the Euro. In fact, what has happened to us over the last few days is that the US is practicing "stealth" QE by lending USD to European banks.
The mechanics go something like this: more QE=more USD=greater supply of USD with the same demand=price of USD down=price of Euro up.Ignored
DislikedPhb
One point I would disagree with is that no QE is bad for the Euro (if you. Quite the opposite. US QE is very good for the Euro. In fact, what has happened to us over the last few days is that the US is practicing "stealth" QE by lending USD to European banks.
The mechanics go something like this: more QE=more USD=greater supply of USD with the same demand=price of USD down=price of Euro up.Ignored
Disliked...Its much better to play the game and wait till there is real evidence they are thru with there manipulation in a certain direction.. cause make no mistake its pure manipulation. Remeber you cant control how much a trade will make ya but you can always control how much ya lose.. Good luck to everyone that reads this and i hope everyone makes their goal in the long run. MotownPhillIgnored
DislikedMy pleasure to do so
About that point: The members of the FOMC discussed the possibility of a QE3, but concluded that it is not necessary.
therefore, no QE3 expectations... no risk appetite... euro down.
PbhIgnored
Disliked
ADD: Forgot, as I say weekly, its on again campers.....It's Freaky Friday!Ignored
DislikedUh, yeah. You will see my rational is the same as your. I got thrown by the double negative no....bad = good.
however, we have something almost as good.. stealth QE.Ignored
DislikedI won't be surprised to see the weekly high put in today - prolly b4 NYO.
Bulls just made a run a .3834 and that was slapped down hard, but the day is young.Ignored
DislikedI expect that level to be tested again and more than likely slapped down once again. I feel it may take some more good news to push it up beyond now.Ignored
Dislikedya there's some entrenched supply there. bulls are lookin a little gassed but as we know they have access to quite a reserve tank, and they can mount a run to supply pdq
i wanted to see some profit taking and a decent selloff today - caught the weak break below .3750 in the first hour for a few pips, but just scalping a/u long otherwise and now flat...nap time
Good Luck PT and thanks again for managing a nice threadIgnored
Disliked
Following fundamentals in confluence with technicals has always been good to me so I don't feel that going against my trading style is a good idea. Nor should it be a good idea for anyone else to go against theirs if it is producing profit for them.
I fully respect everyone's opinion and a right to have one and express it.Ignored
DislikedI have been reading you latest post. Nice and balance views. 2 thumbs up for your thread and especially to put a hard stop on those dogmatic posters that goes my way or the highway and everybody else is and idiot...
.../...
So in that line can you detail (with or without a chart) that euro market manipulation on Monday?
sisseIgnored