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  • #600,481
  • Feb 27, 2012 9:27am Feb 27, 2012 9:27am
Quoting DeReas
wow thats something i learnt now,

all these while i thought that if its better than forecast and better than previous, it should be good for that currency.

can really elaborate more about why is it good $ news increases risk?

sorry im still learning, and a simple layman trader

thanks in advance
Today is not a good example but usually good news for USA increases risk sentiment which means investors buy stock (positive Dow Jones / S&P) and which also means investors don't buy $$$'s.

So very often you see with good news: positive stock market means dollar down.
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  • #600,482
  • Feb 27, 2012 9:27am Feb 27, 2012 9:27am
Thanks Myk and Cheater
  • #600,483
  • Feb 27, 2012 9:28am Feb 27, 2012 9:28am
Quoting Sebastien972
I thought the Pending Home Sales positive outcome would strenghten the US, how come it shows the opposite on EUR/USD?
The US dollar typically acts as a safe haven currency. It is bought when there is instability in the world and investors don't know where else to put their money. Same thing applies for the Japanese Yen. So, when bad news comes out, people buy USD. This is called risk aversion. Notice how when stocks and equities fall, dollar rises? Read up on risk aversion versus risk appetite.
"We cannot direct the wind, but we can adjust the sails."
  • #600,484
  • Feb 27, 2012 9:29am Feb 27, 2012 9:29am
My entries were 3390 and 3374 average 3382 , now my stops r just under current low and Target is open. I will check this trade in 2,3 hours now. Good luck too all.
MMMYYYKKK
  • #600,485
  • Feb 27, 2012 9:29am Feb 27, 2012 9:29am
Quoting screwup
our group using the same EA, no SL, and each day getting green pips. today's 2.6% profit ...
Can you please elaborate? So I can learn a little.
  • #600,486
  • Feb 27, 2012 9:31am Feb 27, 2012 9:31am
Quoting zpr
The US dollar typically acts as a safe haven currency. It is bought when there is instability in the world and investors don't know where else to put their money. Same thing applies for the Japanese Yen. So, when bad news comes out, people buy USD. This is called risk aversion. Notice how when stocks and equities fall, dollar rises? Read up on risk aversion versus risk appetite.
I wouldn't say that about Yen now
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  • #600,487
  • Feb 27, 2012 9:32am Feb 27, 2012 9:32am
Quoting FXMastermind
long @67...letīs see where it gets me.
Covered @ 04 and reversed to short...
Quant Hedge Fund CEO
  • #600,488
  • Feb 27, 2012 9:32am Feb 27, 2012 9:32am
T/P was @ 33670, low of last candle was 33678 now it is heading north again and activated my S/L... I got +16 PIPs but rly this annoys me. I left the house to get something to eat... argh

ehh doesn't matter the show must go on.

thinking about re-entering with short
Warning: Greenhorn Don't get greedy and stick to your strategy
  • #600,489
  • Feb 27, 2012 9:32am Feb 27, 2012 9:32am
Quoting zpr
The US dollar typically acts as a safe haven currency. It is bought when there is instability in the world and investors don't know where else to put their money. Same thing applies for the Japanese Yen. So, when bad news comes out, people buy USD. This is called risk aversion. Notice how when stocks and equities fall, dollar rises? Read up on risk aversion versus risk appetite.
Thanks for the info i am planing the same....
Trend Is Friend
  • #600,490
  • Feb 27, 2012 9:34am Feb 27, 2012 9:34am
Quoting KillerWhale
To the moon?
Well if only... I donīt believe her this rally that much. I would like to see that 70 handle confirmed before I start to believe we created a short term support here...
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  • #600,491
  • Feb 27, 2012 9:36am Feb 27, 2012 9:36am
Quoting screwup
our group using the same EA, no SL, and each day getting green pips. today's 2.6% profit ...
but your ea using hedge which is SL + prepaid spread
Mohan
  • #600,492
  • Feb 27, 2012 9:36am Feb 27, 2012 9:36am
Quoting DeReas
ok will do, thanks

good luck all

DeReas,

what killerwhale said !!
  • #600,493
  • Feb 27, 2012 9:37am Feb 27, 2012 9:37am
anyone here thinks it will retest 65 again or even break it tonight?
  • #600,494
  • Feb 27, 2012 9:38am Feb 27, 2012 9:38am
Quoting alwaro
is there any resistance ?
Yes ... that's what we are hunting for now ...

Many resistances there ... look out ... and then you will see them ...

Took some profits at 1.3406 therefore ...

It is like sailing with a "flying dutchman" ... superfast at close hauled course ...




;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #600,495
  • Feb 27, 2012 9:40am Feb 27, 2012 9:40am
Quoting cheater
anyone here thinks it will retest 65 again or even break it tonight?

If it closes again above 3400, that;s exactly the area I'd be looking to target.
  • #600,496
  • Feb 27, 2012 9:42am Feb 27, 2012 9:42am
Quoting timotei
If it closes again above 3400, that;s exactly the area I'd be looking to target.
it just did as u typed
  • #600,497
  • Feb 27, 2012 9:43am Feb 27, 2012 9:43am
Quoting FXMastermind
Covered @ 04 and reversed to short...
...and out with meagre 2 pips, pfff...
Quant Hedge Fund CEO
  • #600,498
  • Feb 27, 2012 9:45am Feb 27, 2012 9:45am
Quoting mercy seat
Yes ... that's what we are hunting for now ...

Many resistances there ... look out ... and then you will see them ...

Took some profits at 1.3406 therefore ...

It is like sailing with a "flying dutchman" ... superfast at close hauled course ...




;-|
I am a Duchtmanlandman from Dutchmanland. Does that help?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #600,499
  • Feb 27, 2012 9:45am Feb 27, 2012 9:45am
dax and euro crossed the border , will it come back today &
Mohan
  • #600,500
  • Feb 27, 2012 9:45am Feb 27, 2012 9:45am
Quoting FXMastermind
...and out with meagre 2 pips, pfff...
unlucky, its these in the bundestag speaking which is causing these moves i think, i dont speak german so dont have clue what happen but speaker changed and it rally in last M5 candle
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