EURUSD | Page 29578 | 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

  • #591,541
  • Edited 11:21am Feb 3, 2012 11:11am | Edited 11:21am
what is the pair doing just now?

stopped trading until monday?
Don't give up
  • #591,542
  • Edited 11:35am Feb 3, 2012 11:29am | Edited 11:35am
Looks like the bottom of that Broadening Top that was acting as Resistance to the upwards push I referrred to over the last few days, has now become SUPPORT.
Attached Image (click to enlarge)
Click to Enlarge Name: eur daily.jpg Size: 76 KB
  • #591,543
  • Feb 3, 2012 11:35am Feb 3, 2012 11:35am
As expected
Trade responsiblypatience is the key/Swing trader
  • #591,544
  • Feb 3, 2012 11:42am Feb 3, 2012 11:42am
FAT FINGER LIVES!
  • #591,545
  • Feb 3, 2012 11:44am Feb 3, 2012 11:44am
eurusd m5,

http://i44.tinypic.com/2zi8npj.gif

i have seen such formations every day since 2 weeks now.
7 or even more bullish bars in a row.
if we are in an overall bearish market, i would not expect such formations at resistance levels.
.:: your stop loss is another trader's first target ::.
  • #591,546
  • Feb 3, 2012 11:46am Feb 3, 2012 11:46am
Have anyone made any money on E/U with market conditions like that ? ...
  • #591,547
  • Feb 3, 2012 11:48am Feb 3, 2012 11:48am
Quoting Z3iz3i
Yeah, sorry for the mess. Mixed fixed income stuff.

Was trying to figure out why pair was diving so deep but that does not give an explanation.
yeah mate no problem, mistakes happens

i was just curious if really that happened becasue i was expecting it to sell off because of such figures and moving cash from safe haven more to equities and other risky assets....


i think that only reason for eurusd fall was greek stuff which i mentioned before, in other case it would go higher as did aussie where i made very nice profits today (not like in eur haha)

anyway, i think that we can prepare for some bullish movements if greece thing will go okay during weekend - ofc we must be aware of : buy the rumor sell the fact - but dont think this will be that case

if we get to 1.35 after some position liqudating and breakout buying i will buy some middle term OTM puts and will sell them when spot moves lower - i expect some correction in risk appetite in upcoming 3 weeks max - equties are rallying almost every day for few weeks
  • #591,548
  • Feb 3, 2012 11:50am Feb 3, 2012 11:50am
Quoting BrunargarFx
Yes,
Typical pullback on down move. We failed to break 1.32 on good US news... Aversion for Euro - I have turned bearish as well, given that this nfp was our best shot.

We had a try at breaking 1.3080, retrace and 1.312 is my first area for dive down now (target 1.30 with extension to 1.29 - 1.285 area) before another try at breaking 1.32 (and targettin higher highs, possibly on deal with Greece). Time will tell
1,312x rejected....but 1,3100 bought...and now a break of it.
I just can't short that thing yet...not until we reach new highs...or close to the top
COT: The precious data ignored
  • #591,549
  • Feb 3, 2012 11:53am Feb 3, 2012 11:53am
Breaking in Financial Times ---

All three coalition leaders in Greek gov't reject new austerity measures demanded as condition of additional aid.
  • #591,550
  • Feb 3, 2012 11:54am Feb 3, 2012 11:54am
Daily pivot time
  • #591,551
  • Feb 3, 2012 11:56am Feb 3, 2012 11:56am
where did you found that news? could you please provide a reference?

Quoting Crassius
Breaking in Financial Times ---

All three coalition leaders in Greek gov't reject new austerity measures demanded as condition of additional aid.
.:: your stop loss is another trader's first target ::.
  • #591,552
  • Feb 3, 2012 11:59am Feb 3, 2012 11:59am
Hey guys,

I have got a doubt.

Today we saw fantastic datas for USD. That means, USD might strengthen in coming weeks. Given the condition of Greece, it is most likely to happen. Okay, now comes my question. If USD strengthens, will it give better scenario for the FED to print more money by easily off-setting inflation (which might not have been possible with weaker USD) ???
I mean, can they print more dollars with less worry about inflation since USD has strengthened??

ADD: i dont mean FED will print, but in case they opt to go for it.
  • #591,553
  • Feb 3, 2012 12:00pm Feb 3, 2012 12:00pm
Its in the FT... behind a paywall... you need a subscription to get at it
  • #591,554
  • Feb 3, 2012 12:03pm Feb 3, 2012 12:03pm
Copyright prevents posting actual article
Attached Image
  • #591,555
  • Feb 3, 2012 12:06pm Feb 3, 2012 12:06pm
That will be hurting Euro !
  • #591,556
  • Feb 3, 2012 12:06pm Feb 3, 2012 12:06pm
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 74 KB


Trend can go either up or down; it's up to the market makers to pick a direction Monday.
Trade like a banker, trade to targets.
  • #591,557
  • Feb 3, 2012 12:08pm Feb 3, 2012 12:08pm
Its so late in the week nothing will get really moving.... just posted in case anyone was drinking Koolaid and thinking about going long at the daily pivot. Just be aware of the news flow if you decide to do so.... testing 3150 again as I edit
  • #591,558
  • Feb 3, 2012 12:13pm Feb 3, 2012 12:13pm
Quoting FX Tsunami
Hey guys,

I have got a doubt.

Today we saw fantastic datas for USD. That means, USD might strengthen in coming weeks. Given the condition of Greece, it is most likely to happen. Okay, now comes my question. If USD strengthens, will it give better scenario for the FED to print more money by easily off-setting inflation (which might not have been possible with weaker USD) ???
I mean, can they print more dollars with less worry about inflation since USD has strengthened??

ADD: i dont mean FED will print, but in case they opt to go for...
hey mate,

in my opinion this logic is wrong...

i think that this numbers will do exactly the opposite....american economic figures are very good in last month or so....that means there is no reason for another quantitative easing in the short term horizont

- because of this (not supporting low bond yields by FED buying) and also risk-on sentiment we may expect some outflows from US treasuries, USD, bunds etc as safe haven assets and inflow into equities, emerging mkt crncies, EUR, AUD, CAD etc..

-also there is possibility of EURCHF intervention next week( i doubt they will do nothing, they have very good credibility and cant afford to lose it ) and it would also bring some positive eur flows

- but there is one big IF - as we can see today that market is VERY sensitive about Greek deal and in case of failure (market is expecting it to be agreed and its quite calculated in prices of assets) we can see another leg down on EUR/USD

EDIT : this doesnt mean im extremely biased for long, but what trend and fundies tell me - so bias for now is buying the dips(prefer aud), but can revert this if it goes wrong
  • #591,559
  • Feb 3, 2012 12:13pm Feb 3, 2012 12:13pm
Quoting Karthunk
Attachment

Trend can go either up or down; it's up to the market makers to pick a direction Monday.
Can you share your set ups along with indicators used in the chart and manual?
  • #591,560
  • Feb 3, 2012 12:24pm Feb 3, 2012 12:24pm
Quoting joynal2u
Can you share your set ups along with indicators used in the chart and manual?
I pay for my charts, and all the awesome training that I have recieved, from http://proacttraders.com/ . There is A LOT to their charts; they have a demo, to check out the charts, and a free day pass to join us for the NY session. The NY session is not a trading room, it is a training room.

If you are serious about trading to targets then these are the guys to check out. If you want to scalp then you should look else where.

Just answering the question; I'm not tossing a sales pitch.
Trade like a banker, trade to targets.
470 traders viewing now