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  • #665,901
  • Jul 5, 2012 4:55pm Jul 5, 2012 4:55pm
I am not bullish, as I think we're headed downwards but couldn't avoid observing the fact that the 2 recent legs down are almost identical in length. The blue parallel lines are equidistant channel drawn of the 2 recent tops.

Currently, I cant see any divergence to support this alternate but this could change by tomorrow and I'll be on guard for a possible buy signal at the lower levels just in case. Stocks, aud and nzd still holding up and NFP tomorrow.


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  • #665,902
  • Jul 5, 2012 4:57pm Jul 5, 2012 4:57pm
btw. asians are almost not trading during their session. What happened with those asians moves on EUR/USD, volatility during euro and US sessions is not as well so huge as it was before. It is tiny in compare to year 2010. Do you think EUR/USD will collapse and we will se max daily range 30 pips in a few years?
In 2010 daily moves was at least for 200 - 300 pips where are those trends ?
  • #665,903
  • Jul 5, 2012 5:00pm Jul 5, 2012 5:00pm
Quoting forexchecker
hello,
I am short from 1.2391 target 55 pips.
Cutting rates by ECB has started to continue downside trend today. Breaking the key support level of 1.2290 can happen even tommorrow during payrolls
Agreed. But I'll be looking for prices above 2420/40 for a reload of shorts. Also tomorrow we could see some pretty ugly spikes.
  • #665,904
  • Jul 5, 2012 5:24pm Jul 5, 2012 5:24pm
I think this shit is set to go down. Betting on south. May bounce some from here, but not trading bounces. Let's see if we see a level below 1.2000
The Thief of Wall Street
  • #665,905
  • Jul 5, 2012 5:46pm Jul 5, 2012 5:46pm
Quoting Chicky
I think this shit is set to go down. Betting on south. May bounce some from here, but not trading bounces. Let's see if we see a level below 1.2000
Of course we will go down, that's why I'm long at the moment from 1.2370
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  • #665,906
  • Jul 5, 2012 6:00pm Jul 5, 2012 6:00pm
Quoting KillerWhale
Of course we will go down, that's why I'm long at the moment from 1.2370

? meaning you disagree with the down ?

long term for sure a test of 1.22 but short term?

ie the next 4 or 5 hours?
Money never sleeps...
  • #665,907
  • Jul 5, 2012 6:03pm Jul 5, 2012 6:03pm
Look eur/usd was 1.25 before rate cut.
Rate cutted by 25 basis points. Then currency exchange rate must be proportinolly divaluated by 25 %.

Formula : ( 1.25 x 0.025 ) - 1.25 = 1.2187

So we got eur/usd 1.2187. I think eur must reach such level its simple mathematics.
  • #665,908
  • Jul 5, 2012 6:05pm Jul 5, 2012 6:05pm
Quoting Trader88q
Look eur/usd was 1.25 before rate cut.
Rate cutted by 25 basis points. Then currency exchange rate must be proportinolly divaluated by 25 %.

Formula : ( 1.25 x 0.025 ) - 1.25 = 1.2187

So we got eur/usd 1.2187. I think eur must reach such level its simple mathematics.
mind = blown
  • #665,909
  • Jul 5, 2012 6:11pm Jul 5, 2012 6:11pm
Quoting Trader88q
Look eur/usd was 1.25 before rate cut.
Rate cutted by 25 basis points. Then currency exchange rate must be proportinolly divaluated by 25 %.

Formula : ( 1.25 x 0.025 ) - 1.25 = 1.2187

So we got eur/usd 1.2187. I think eur must reach such level its simple mathematics.
Nice work.
Thats a valid target as long as we can hold below 2440,
2440 looks to be the level in play to me.

Need to add thats not how i came up with the lower target.
You can remain irrational longer than you can remain solvent.
  • #665,910
  • Jul 5, 2012 6:13pm Jul 5, 2012 6:13pm
I am looking at eur.aud pair and it is all time low since its excistance my first
  • #665,911
  • Jul 5, 2012 6:22pm Jul 5, 2012 6:22pm
Quoting Trader88q
Look eur/usd was 1.25 before rate cut.
Rate cutted by 25 basis points. Then currency exchange rate must be proportinolly divaluated by 25 %.

Formula : ( 1.25 x 0.025 ) - 1.25 = 1.2187

So we got eur/usd 1.2187. I think eur must reach such level its simple mathematics.
Never heard of this kind of misleading nonsense and I only trade for 7 years.

Try this nonsense on past rate cuts fool!
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  • #665,912
  • Jul 5, 2012 6:23pm Jul 5, 2012 6:23pm
Quoting Trader88q
Look eur/usd was 1.25 before rate cut.
Rate cutted by 25 basis points. Then currency exchange rate must be proportinolly divaluated by 25 %.

Formula : ( 1.25 x 0.025 ) - 1.25 = 1.2187

So we got eur/usd 1.2187. I think eur must reach such level its simple mathematics.

seemingly true but how much of this was already priced in to the market, i would guess as much as half so i would suggest the number at 1.2344
Money never sleeps...
  • #665,913
  • Jul 5, 2012 6:24pm Jul 5, 2012 6:24pm
Quoting inpatient
seemingly true but how much of this was already priced in to the market, i would guess as much as half so i would suggest the number at 1.2344

thus a suggested strategy might be long 1.2420 overnight and then short to 1.235
Money never sleeps...
  • #665,914
  • Jul 5, 2012 6:26pm Jul 5, 2012 6:26pm
Quoting KillerWhale
Never heard of this kind of misleading nonsense and I only trade for 7 years.

Try this nonsense on past rate cuts fool!
may be that's the problem. lol
  • #665,915
  • Jul 5, 2012 6:54pm Jul 5, 2012 6:54pm
Quoting pkimnyc
may be that's the problem. lol
You should try that formula when they go from 0.25% to 0.1%
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  • #665,916
  • Jul 5, 2012 7:07pm Jul 5, 2012 7:07pm
Where are these jobs they talking about???????????
  • #665,917
  • Jul 5, 2012 7:07pm Jul 5, 2012 7:07pm
Quoting KillerWhale
You should try that formula when they go from 0.25% to 0.1%
i already did. it's very creative.
  • #665,918
  • Jul 5, 2012 7:09pm Jul 5, 2012 7:09pm
Quoting Trader88q
Look eur/usd was 1.25 before rate cut.
Rate cutted by 25 basis points. Then currency exchange rate must be proportinolly divaluated by 25 %.

Formula : ( 1.25 x 0.025 ) - 1.25 = 1.2187

So we got eur/usd 1.2187. I think eur must reach such level its simple mathematics.
sorry, so what u says about AUD/USD?

it was 1.04 before rate cut, it dropped to 0.96 along with eur/usd due to fundamental and some blah blah. is that rate cut???

now its 1.02, what u talking formula?

There is no calculation, currency up and down, that's IT,

rate cut is very dependable in situation now, it can help the economy and business for eur, and banks. helping to temporary ease of the tension.

as for fed, everyone calls for QE, if tonight's data continue to shit.

so if tonight eur/usd rallied, what is rate cut formula?

although on daily basis, to me its a break out sell signal. but eur/usd is very fundamental driven
  • #665,919
  • Jul 5, 2012 7:11pm Jul 5, 2012 7:11pm
Quoting pkimnyc
i already did. it's very creative.
I believe you
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  • #665,920
  • Jul 5, 2012 7:27pm Jul 5, 2012 7:27pm
who would suggest going short?
expectation is much better than previous so good for USD.

i dont believe that sentiment is already factored in. just look at the movement yesterday after ECB announces rate cut...
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