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  • #641,501
  • May 9, 2012 2:52am May 9, 2012 2:52am
So, it made it to 1.29XX!
Now I'm staying out of trade, but remain bearish. My storng logic, sense, tech and XP cry to sell untill 1.26XX, BUT I'm afraid the "MEN" who want artificial EUR will interfere the natural cource of things, as I see it ofcource!
Like always, I may be wrong
  • #641,502
  • May 9, 2012 2:55am May 9, 2012 2:55am
Quoting KillerWhale
For anyone who is interested in trading EurCad:

Here is where we can exchange ideas:

http://www.forexfactory.com/showthre...03#post5650703
Good luck with that
  • #641,503
  • May 9, 2012 3:01am May 9, 2012 3:01am
Quoting megajester
Good luck with that
thx
New voice message: Why are you calling me? If I need you, I'll call you!
  • #641,504
  • May 9, 2012 3:03am May 9, 2012 3:03am
Quoting gamemorph
So, it made it to 1.29XX!
Now I'm staying out of trade, but remain bearish. My storng logic, sense, tech and XP cry to sell untill 1.26XX, BUT I'm afraid the "MEN" who want artificial EUR will interfere the natural cource of things, as I see it ofcource!
Like always, I may be wrong
Nothing natural about forex. Its just supply and demand really.
  • #641,505
  • May 9, 2012 3:05am May 9, 2012 3:05am
Quoting Unknownpips
Nothing natural about forex. Its just supply and demand really.
then why is it still hard to determine which way to go?
  • #641,506
  • May 9, 2012 3:10am May 9, 2012 3:10am
Looks like risk on now. DAX is up, yields on Treasury are going up.

Money is moving into risk assets now.
  • #641,507
  • May 9, 2012 3:11am May 9, 2012 3:11am
dax having trouble gaining ground above 6500 , first attempt rejected , holding above might attract buyers (sells too )
Mohan
  • #641,508
  • May 9, 2012 3:16am May 9, 2012 3:16am
Quoting Unknownpips
Nothing natural about forex. Its just supply and demand really.
Agreed!
and that is where things get tricky. If there is a demand for example, is it really a demand, or a speculation? I may try to give an example with greece, though it may not be correct. Big supply and demand, evruthing is cool, people get rich... and then... tadaaa! "They" didn't really needed to do that, or the demand wasn't really that mutch, so it may be safely classified as one big speculation.
  • #641,509
  • May 9, 2012 3:24am May 9, 2012 3:24am
Everyone is short so big player doesnt like this.

I will try long today.
  • #641,510
  • May 9, 2012 3:25am May 9, 2012 3:25am
Quoting ptetech
then why is it still hard to determine which way to go?
Because there are many determining factors. If not for the political troubles in greece, we could have easily seen higher euro.
  • #641,511
  • May 9, 2012 3:26am May 9, 2012 3:26am
Hi traders ,

im new on this forum and this is my first post. I like it and i will try also to post my opinions and experience here. Today i will scalp little arround the EUR/USD between 1.2975 - 1-2995 and at the end of the day go for some longer down...maybe TP@ 1.2945 with SL @ 1.3045

Greetings to all and let the green pips be with you
  • #641,512
  • May 9, 2012 3:28am May 9, 2012 3:28am
Quoting Unknownpips
Because there are many determining factors. If not for the political troubles in greece, we could have easily seen higher euro.
And it also depends on how people interpret news. Finance and economics is very much based on opinions.

Like I feel that Greece leaving the EU is good for the EUR while other people think otherwise. So I'll long the Euro and hope majority of the people think the same way.
  • #641,513
  • May 9, 2012 3:29am May 9, 2012 3:29am
European markets are expected to start on a flat note. However markets should remain nervous on concern about instablity risk in Greece.
  • #641,514
  • May 9, 2012 3:30am May 9, 2012 3:30am
Quoting Esssex
And it also depends on how people interpret news. Finance and economics is very much based on opinions.

Like I feel that Greece leaving the EU is good for the EUR while other people think otherwise. So I'll long the Euro and hope majority of the people think the same way.
http://www.mt4i.com/connect/connect.aspx#sentiment
  • #641,515
  • May 9, 2012 3:32am May 9, 2012 3:32am
Quoting GuaL
Everyone is short so big player doesnt like this.

I will try long today.
Good Idea..
  • #641,516
  • May 9, 2012 3:33am May 9, 2012 3:33am
Quoting Unknownpips
Nothing natural about forex. Its just supply and demand really.
I have a question in regards to that. If every Forex transaction includes a buyer and a seller, how can one determine that there are more buyers or sellers than the other? If it takes 2 to complete a transaction.
All that is left in FF is just plain garbage. "Cloggie"
  • #641,517
  • May 9, 2012 3:35am May 9, 2012 3:35am
Quoting tonyo524
I have a question in regards to that. If every Forex transaction includes a buyer and a seller, how can one determine that there are more buyers or sellers than the other? If it takes 2 to complete a transaction.
very good argument , it should be mention to people who say over bought over sold
(note taken )
Mohan
  • #641,518
  • May 9, 2012 3:36am May 9, 2012 3:36am
Quoting tonyo524
I have a question in regards to that. If every Forex transaction includes a buyer and a seller, how can one determine that there are more buyers or sellers than the other? If it takes 2 to complete a transaction.
You can't, I think. There is no centralized market unlike the stock indices.
  • #641,519
  • May 9, 2012 3:36am May 9, 2012 3:36am
Quoting mohan76
very good argument , it should be mention to people who say over bought over sold
(note taken )
Right. Kind of a catch 22 23 sort of thing lol
All that is left in FF is just plain garbage. "Cloggie"
  • #641,520
  • May 9, 2012 3:37am May 9, 2012 3:37am
Quoting tonyo524
I have a question in regards to that. If every Forex transaction includes a buyer and a seller, how can one determine that there are more buyers or sellers than the other? If it takes 2 to complete a transaction.

cuz the price moves ....up there's more buyers, down more sellers
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