EUR/USD Hit By Solid Flows | Forex Factory

  • EUR/USD Hit By Solid Flows

    From forexlive.com

    I’m trying to find out what if any news might have hit the market, but all I’m hearing so far is that a sudden wave of selling appeared. EUR/USD down near 1.2910 from 1.2935.

Comment Options
traderathome
May 11, 2012 3:29am
Permalink
Good God! EU is sliding down hill, and has been for a while. If anything different, then look at it as being in a 100 pip trading range for the last several days. And this....what? Reporter? This "reporter" is making an issue of a 25 pips move? ...more of what is wrong with the world, ....a total lack of perspective, if not outright ignorance.
Reply
fxsport
May 11, 2012 5:51am
Permalink
Quoting Manipulator
Yu sound so scared and that might affect your returns. I am in until 1.26 and may be slightly lower. Would yu advice me to cover now too?
Depends on your trading time frame.

Personally I would close the short ASAP and wait until the E$ goes back up to the 1.30-1.31 area THEN short again.

You're right about the target but it won't hit that until sometime in June.
Reply
Rufus
May 10, 2012 8:33pm
Permalink
Maybe JP Morgan covering their ASS. Obviously they had been trading well.
Reply
Rufus
May 10, 2012 8:35pm
Permalink
Quoting Tw0eleven
That and the fact that China came out and said they didn't want to buy Euro debt anymore!
Hell.....I will sell them mine then
Reply
Rufus
May 10, 2012 8:44pm
Permalink
Kinda harsh
Reply
Tw0eleven
May 10, 2012 8:34pm
Permalink
That and the fact that China came out and said they didn't want to buy Euro debt anymore!
Reply
Tw0eleven
May 10, 2012 8:45pm
Permalink
sounds like someone got stuck long.
Reply
ssshhhh
May 11, 2012 4:14am
Permalink
0903 GMT [Dow Jones] ECB wouldn't be upset if EUR weakens, says Morgan Stanley. While the central bank won't go as far as directly citing the exchange rate, its policy setting is likely to be consistent with a weaker EUR says MS. A further interest rate cut is possible, it adds. Attempts by the ECB at verbal intervention to limit EUR gains in both 2004 and 2007 had a limited effect - "We would suggest that the ECB is unlikely to directly cite the exchange rate at this stage, especially given the mixed experiences of the past," the bank says. MS keeps its bearish forecast on EUR/USD, targeting 1.28 by end 2Q and 1.19 by year-end. EUR/USD at 1.2946.


Contact us in London. +44-20-7842-9464


(END) Dow Jones Newswires

May 11, 2012 05:03 ET (09:03 GMT)
Reply
mangaradja
May 11, 2012 12:38pm
Permalink
the ideal price today is 12933-4
scalping bro..
Reply
explorer101
May 11, 2012 6:18am
Permalink
Quoting jaygee
If you did understand overbought or oversold, it would help your trading immensely. Of course again, someone mentioned time frames and without that stipulation, it is futile to discuss. Some people trade on a daily or weekly time frame and some trade on a shorter TF. I don't discuss my particular OB or OS indications but they work 9 times out of 10. So i use them and trade them regularly.
what time frame? hahhaa... OB or OS simply may lead to dirty trick ...

Scalping is preferred!
Reply
erdogac
May 10, 2012 8:47pm
Permalink
Daily US index broken triangle formation up. More US strength for today.
Reply
Desouza
May 11, 2012 1:39pm
Permalink
Quoting Guest
hahaha guys....every dog has a day....lets wait for barking euro...hahaha.....
Quoting Guest
Guys. Go trade the Aussie dollar! You'll enjoy it more. The Euro is a nightmare! You will see what I mean.
Your right. it really does make the EURO look like a nightmare
Reply
johnel
May 11, 2012 5:46am
Permalink
big boy
big problems

http://www.bbc.co.uk/news/business-18030022
Reply
jaygee
May 10, 2012 9:13pm
Permalink
Drive it down there in the middle of the night isn't going to get you anywhere. I don't care where the barrier option is. Somebody is going to get run over selling down here. On the other hand, long has been wrong all week. Like it or not. Overdue or not. This hasn't acted like a range bound pos i could depend on before. Only thing keeping me in my long has been the inability to go a lot lower. I still have buy orders in lower but am not too keen on them. Where is the bounce? Nothing is running extra oversold. This slow down grind doesn't cut it. I have mild utl's drawn for the yen and pound but can't find one for this pos. Daily is oversold and there is a weekly utl a lot lower.
Reply
Loadedgun
May 11, 2012 1:40am
Permalink
Never understand what folks mean by oversold or overbought in a trend. Price is rotating to define a new range with a new equilibrium so what would you be measuring os/ob against while that process is ongoing? Secondly, a trend is sustained by a shift in fundamental bias or sentiment not by specific news items. Right now folks are so panicked it is not funny - and someone wants to know what is causing a drop in some unit? Makes me laugh at how much is still misunderstood about price dynamics.
Reply
Manipulator
May 11, 2012 3:14am
Permalink
Quoting Guest
Shorts are gonna cover because its the weekend and we all know next week will be bullish. For those you are short you better do it now at the low.
Dont let the herders fool your sheep.
Yu sound so scared and that might affect your returns. I am in until 1.26 and may be slightly lower. Would yu advice me to cover now too?
Reply
jaygee
May 11, 2012 6:12am
Permalink
If you did understand overbought or oversold, it would help your trading immensely. Of course again, someone mentioned time frames and without that stipulation, it is futile to discuss. Some people trade on a daily or weekly time frame and some trade on a shorter TF. I don't discuss my particular OB or OS indications but they work 9 times out of 10. So i use them and trade them regularly.
Quoting Loadedgun
Never understand what folks mean by oversold or overbought in a trend. Price is rotating to define a new range with a new equilibrium so what would you be measuring os/ob against while that process is ongoing? Secondly, a trend is sustained by a shift in fundamental bias or sentiment not by specific news items. Right now folks are so panicked it is not funny - and someone wants to know what is causing a drop in some unit? Makes me laugh at how much is still misunderstood about price dynamics.
Reply
Loadedgun
May 11, 2012 10:22am
Permalink
Quoting jaygee
If you did understand overbought or oversold, it would help your trading immensely.
Not sure you got my meaning. OB/OS would apply in a range not a trend. In the latter case reading price action by OB/OS is wrong. E.g. for how long was the AUD OB on the daily before it turned down - something in the order of 2 - 3 weeks if not a whole month. Also if you are position trading or even swing trading w1, D1 etc you do not waste time with little blips - like this recent sentiment data - it will not cause a reversal and at best merely delay 1.25 for the Euro, 0.9926 for AUD. Trends are not initiated on the daily chart. Those are some of the points I was making. When you learn to trade for weeks in position you never bother about things like os/ob on small time frames. The macd a very good indicator does not use them.
Reply
jaygee
May 11, 2012 12:15pm
Permalink
Well, if something works for someone, it isn't wrong for them. I have traded trends and ranges using ob and os for a long time. I think the confusion for this is the time frames which is why i spoke up. I can show you ob and os on a 1 minute chart and how to trade it successfully. I don't do it but it can work. I always trade a shorter term time frame in relationship to its longer term trend(s). I hope every ones trades are successful but i make a living doing this and i can't wait for 1.25 next year or whenever it gets to it to cash in. And really, i wouldn't want to anyway. There is too much money to make in the mean time. I will look at a daily and weekly chart everyday to be sure i am not missing anything but rarely more than that. Just my style and i think your style works for you. Mine works for me. Good luck in your positions.
Quoting Loadedgun
Not sure you got my meaning. OB/OS would apply in a range not a trend. In the latter case reading price action by OB/OS is wrong. E.g. for how long was the AUD OB on the daily before it turned down - something in the order of 2 - 3 weeks if not a whole month. Also if you are position trading or even swing trading w1, D1 etc you do not waste time with little blips - like this recent sentiment data - it will not cause a reversal and at best merely delay 1.25 for the Euro, 0.9926 for AUD. Trends are not initiated on the daily chart. Those are some...
Reply
Manipulator
May 12, 2012 7:30am
Permalink
Quoting jaygee
Well, if something works for someone, it isn't wrong for them. I have traded trends and ranges using ob and os for a long time. I think the confusion for this is the time frames which is why i spoke up.
Hey jaygee, I think we need to talk some more. The gunman is actually trying to be helpful and trying to pass on critical information but may not be getting through. I know him personally, and he has researched and developed a fairly precise model of the market based on my work. What he is trying to say is that you should not rely too much on OB/OS signals when a pair is in a trend because price is rotating to define a new dynamic range so those relative measures would not apply as such (mean reversion theory). Based on our model of the market which identifies (or more correctly predicts) clusters of stops (controlling for order flow) the Euro should break 1.2879 fairly easily and after that there are no significant clusters of orders until 1.25600 hence his TP. Most day traders would not know this because of their short horizons and the way they tend to analyse the market (using statics like fibs etc). We also make a living off the market I am for instance 25k in the black (6 days trading) just now - loaded is slightly ahead. And when we talk of 1.25600 it is a matter of days not months. Anyhow I suggest we find time for level exchanges and we will gain more as a group given that we are up against sophisticated trading institutions we need to cooperate in what we know. Our model is actually unassailable in mapping the market for order concentration and therefore predicting direction and likely levels of reaction - which is what trading is all about. Not perfect but relatively unassailable.
Reply
armchang
May 10, 2012 8:40pm
Permalink
Yup, it was from China.
Reply
sisno13
May 10, 2012 8:35pm
Permalink
It was the chinese ppi release....
Reply
Trader#8C96
May 10, 2012 8:46pm
Permalink
dont worry eventually everyone and their mom will be short.. and then no more shorts to continue the game. Its irrational to have it this low.. when nothing tangible has occurred.. ALL speculation and nonsense conjecture.

How about they post some positive articles instead of all negative which is biased nonsense. pick and choose.
Reply
DemarkTrader
May 10, 2012 9:06pm
Permalink
Flows are helping my short-term positions in AUDJPY... riding this out for mid-term longs in EURUSD and AUDUSD.
Reply
Trader#8C96
May 11, 2012 3:26am
Permalink
LMAO.. okay 1.26 when last time it couldnt muster past 1.28.. Its done, how many times do you want it to test 1.29? 10 or 20?

Hurry call GS and ask them to short with you.. everyone else is already on that boat and the hands will cover this weekend.

oh whats that a government in Greece doesn't bode well for the euro short nor new elections.
Reply
Ca2m
May 11, 2012 3:58am
Permalink
How is this high impact news?? Please somebody explain it to me
Reply
Trader#8C96
May 10, 2012 8:39pm
Permalink
HOW is it a solid flow.. when the volume is SHIT?
Might as well say its going to 0 from some stupid perceptions here.

Give me a break.. this site is so biased.
Reply
Trader#70E2
May 10, 2012 8:41pm
Permalink
fuck the euro, stupid trash currency, hope it gets put out of its misery once and for all
Reply
Trader#6AED
May 10, 2012 8:47pm
Permalink
I love it...... "Stupid Trash Currency"........ Hahahhaha
Reply
Trader#8C96
May 11, 2012 2:34am
Permalink
Shorts are gonna cover because its the weekend and we all know next week will be bullish. For those you are short you better do it now at the low.
Dont let the herders fool your sheep.
Reply
Trader#F7EB
May 11, 2012 6:51am
Permalink
Guys. Go trade the Aussie dollar! You'll enjoy it more. The Euro is a nightmare! You will see what I mean.
Reply
Trader#5AD3
May 11, 2012 7:42am
Permalink
hahaha guys....every dog has a day....lets wait for barking euro...hahaha.....
Reply
Trader#41CE
May 11, 2012 10:18am
Permalink
Why is the market so choppy, and not even reaching its normal range?
Reply

  • Related Stories

There are no posts to display for these settings.
  • Story Stats