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EURUSD

  • #653,281
  • Jun 7, 2012 6:07am Jun 7, 2012 6:07am
Quoting daemon_delux
G'day folks.

Looks like the main thing we should watch out for is Bernanke and his speech for today.

No trading for me until then. If QE is announced, we'll see 1.28 by tomorrow evening, if not ... bears are gonna be back, imo.

Trade safe, green pips.
Good morning
I'm not trading till we see what he has to say either
  • #653,282
  • Jun 7, 2012 6:08am Jun 7, 2012 6:08am
sold @1.2586
  • #653,283
  • Jun 7, 2012 6:09am Jun 7, 2012 6:09am
Quoting johncen
China is hoping soft landing...

and it will increase possibility of FED action too
Mohan
  • #653,284
  • Jun 7, 2012 6:09am Jun 7, 2012 6:09am
Quoting Nachiket
sold @1.2586
Sold @ 2582, SL @ 2605, TP 2560.
Please, just slap me around if I'm being silly ...
  • #653,285
  • Jun 7, 2012 6:09am Jun 7, 2012 6:09am
Quoting mohan76
china easing fiscal policy (part of global easying ) risk on sentiment


Thursday, Jun 07, 2012 09:03 PM
China announces a range of measures to boost lending and try to get the economy moving again. PBOC cuts 1-year deposit rate and announces it will let banks offer a 20% discount on loands relative to the benchmark rate...
I'm little bit confusing with this news. Can you post more about it?
TRADE WHAT U SEE NOT WHAT U WANT TO SEE.
  • #653,286
  • Jun 7, 2012 6:11am Jun 7, 2012 6:11am
Quoting daemon_delux
Sold @ 2582, SL @ 2605, TP 2560.
I followed you, Thanks
TRADE WHAT U SEE NOT WHAT U WANT TO SEE.
  • #653,287
  • Jun 7, 2012 6:13am Jun 7, 2012 6:13am
Quoting sukkim
I followed you, Thanks
i respect it but that's the only reason senior traders post their trades here so that you can follow.
  • #653,288
  • Jun 7, 2012 6:13am Jun 7, 2012 6:13am
I believe that Euro bulls will not have enough strength and it will not pass 1.262 or pass very little. So I'm pending short position on 1.262
  • #653,289
  • Jun 7, 2012 6:13am Jun 7, 2012 6:13am
Quoting sukkim
I'm little bit confusing with this news. Can you post more about it?
China cut interest rate and took some additional measure to increase lending => to simulate economy , this will put china hard landing off the book .
Australia did it's part , now china did it's part , yesterday ECB said it ready to do,now FED need to do it's part (QE) to save World economy
Mohan
  • #653,290
  • Jun 7, 2012 6:14am Jun 7, 2012 6:14am
how i wish cloggie was still here.

come on i know you appeared invisible right?

come on guide us all again.
400 pips remaining.
  • #653,291
  • Jun 7, 2012 6:15am Jun 7, 2012 6:15am
Quoting mohan76
and it will increase possibility of FED action too
ya..seems central banks are taking actions together..
Patience, Emotion Control and Discipline.
  • #653,292
  • Jun 7, 2012 6:15am Jun 7, 2012 6:15am
Quoting DeReas
how i wish cloggie was still here.

come on i know you appeared invisible right?

come on guide us all again.
Trade What You See Not What You Want To See
  • #653,293
  • Jun 7, 2012 6:15am Jun 7, 2012 6:15am
i applaud the bears for putting up such a fierce fight. cuts like these would have rocketed to 1.2620 and the AUS into parity and beyond
  • #653,294
  • Jun 7, 2012 6:16am Jun 7, 2012 6:16am
Quoting mohan76
China cut interest rate and took some additional measure to increase lending => to simulate economy , this will put china hard landing off the book .
Australia did it's part , now china did it's part , yesterday ECB said it ready to do,now FED need to do it's part (QE) to save World economy
Many thanks, I got now.
TRADE WHAT U SEE NOT WHAT U WANT TO SEE.
  • #653,295
  • Jun 7, 2012 6:16am Jun 7, 2012 6:16am
What do you think?

This looks like a dip at 60/70.
They think they are smarter than I am.
  • #653,296
  • Jun 7, 2012 6:16am Jun 7, 2012 6:16am
Quoting MaxDoom
It is just doing what it does everyday - breathing..

Also, lots of traders here are trying to bring in an expectation of movement based on fundemental data - but trust me on this the EU is massively complicated with so many factors impacting it that saying it should go up or down based say on the interest rate change is too simple and it will often do exactly the opposite. Economists who study it full time don't get it right so why should a independant trader? All fundemental data will be represented by price movements on the chart, therefore...
Excellent post, I agree 100% Mr Doom. There is just too much going on with regards the fundamentals behind the currencies, and throw the vicious stop hunting conspiratory theories in there, and Einstein wouldn't have a clue. All we can do is study our charts and try and replicate what we see in our trading. Spikes will get you if you are exposed during major news events, but that you can control by staying out of the market at such times. Keeping it simple stupid is the best strategy any trader can have.
  • #653,297
  • Jun 7, 2012 6:16am Jun 7, 2012 6:16am
yes I think Ben will hint toward QE this morning
  • #653,298
  • Jun 7, 2012 6:17am Jun 7, 2012 6:17am
Quoting daemon_delux
Sold @ 2582, SL @ 2605, TP 2560.
Closed, unsure of it.

LE : 5 pips is better than nothing, right?
Please, just slap me around if I'm being silly ...
  • #653,299
  • Jun 7, 2012 6:18am Jun 7, 2012 6:18am
Good luck guys. I am out today.
  • #653,300
  • Jun 7, 2012 6:19am Jun 7, 2012 6:19am
Quoting Z3iz3i
What do you think?

This looks like a dip at 60/70.
Sure sure.....am counting on entering long at 2560.
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