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EURUSD

  • #671,781
  • Jul 25, 2012 9:10am Jul 25, 2012 9:10am
no QE hope today ? very hard to understand cow boys
Mohan
  • #671,782
  • Jul 25, 2012 9:11am Jul 25, 2012 9:11am
Quoting godim
gbp/usd H4

Attachment
The first goal.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 54 KB
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #671,783
  • Jul 25, 2012 9:12am Jul 25, 2012 9:12am
Quoting godim
Gator, keep you short in the cable? If yes, how to tie this to your expectations in the euro? Rise above 1.2322?
i want to s it near 5776 ... no higher. if we the chf is right with half its 600 pips.. i should get the chance. 5452 is a s
those who can, do. those who cant, talk about those who can
  • #671,784
  • Jul 25, 2012 9:18am Jul 25, 2012 9:18am
It seems something like double top at 15M e/u. But such pattern fails in most cases at smaller time-frame like 15M, 30M and 1H.
I'm in long after some minutes after bad US home sales data despite of the fact that it was not so bad.
Most of news analyst said to trade this news if actual come with a deviation of 70K or greater.
But i took long because EUR was already strong today since opening of London session.
I am posting here to know your views on market . So i shared my current view on e/u.
I will wait to read your views on this.
  • #671,785
  • Jul 25, 2012 9:20am Jul 25, 2012 9:20am
Quoting mysubcult
http://f1.s.qip.ru/SeF39da0.png
i think...
i'm with you! waiting it to rec back to 1.2140 before taking 2nd short
  • #671,786
  • Jul 25, 2012 9:24am Jul 25, 2012 9:24am
Quoting corpo30
It seems something like double top at 15M e/u. But such pattern fails in most cases at smaller time-frame like 15M, 30M and 1H.
I'm in long after some minutes after bad US home sales data despite of the fact that it was not so bad.
Most of news analyst said to trade this news if actual come with a deviation of 70K or greater.
But i took long because EUR was already strong today since opening of London session.
I am posting here to know your views on market . So i shared my current view on e/u.
I will wait to read your views on this.

the reality is that EUR is no longer considered a peer competitor to USD

but rather consider a risk appetitie currency just like AUD and NZD with increasin troubles in Greece & Spain and uncertainty over Italy and France

if you check all the previous bas US date it just sent the EUR down everytime

However , I dont here suggest to short the EUR
  • #671,787
  • Jul 25, 2012 9:28am Jul 25, 2012 9:28am
Quoting hamad00
the reality is that EUR is no longer considered a peer competitor to USD

but rather consider a risk appetitie currency just like AUD and NZD with increasin troubles in Greece & Spain and uncertainty over Italy and France

if you check all the previous bas US date it just sent the EUR down everytime

However , I dont here suggest to short the EUR
I am long at 2133 with target at 2175 for today. I hope it will hit at least my target before slumping down more.
Let's see
  • #671,788
  • Jul 25, 2012 9:32am Jul 25, 2012 9:32am
Quoting hamad00
the reality is that EUR is no longer considered a peer competitor to USD

but rather consider a risk appetitie currency just like AUD and NZD with increasin troubles in Greece & Spain and uncertainty over Italy and France

if you check all the previous bas US date it just sent the EUR down everytime

However , I dont here suggest to short the EUR
It was created for that,it was her purpose if not which currency is?
swing it!
  • #671,789
  • Jul 25, 2012 9:39am Jul 25, 2012 9:39am
Quoting tomspin
It was created for that,it was her purpose if not which currency is?

I agree with you it was but things now are changing


otherwise why would we see a declining not appreciating Euro after any bad US data since last year

in the current time , there is no peer competitor to USD and the only candidate is JPY
  • #671,790
  • Jul 25, 2012 9:40am Jul 25, 2012 9:40am
Traditionally, a higher than expected figure for homesales is bullish for USD (bearish for eurusd) right?? Well....we have just seen lower than expected homesales but the USD seems to be on a bullish nudge again. Hmmmm. Forex for you. This is why i look at techs and assume the techs are acting as they are because of factored in new/sentiment/figures.
  • #671,791
  • Jul 25, 2012 9:46am Jul 25, 2012 9:46am
Quoting hamad00
I agree with you it was but things now are changing


otherwise why would we see a declining not appreciating Euro after any bad US data since last year

in the current time , there is no peer competitor to USD and the only candidate is JPY
I am a chartist ergo my fundie side is limping, euro weakness coming from southern countries and debt problem not because BMW's and Renault's bankrupted last week. Both sides of the pond are near SHTF scenario, dollar is just the cleanest dirty shirt out there as they say (not me) there are powers in the market which we are not aware of. I read or watched can't remmember where and who lately that weak euro will help EZ in a long term. Do you think if euro goes lets say to parity that europe won't be competitive for us?
We produce US consume so.
Edit
Don't forget that Japan doesn't want strong Yen like europe & germany they live of export.
swing it!
  • #671,792
  • Edited 9:53am Jul 25, 2012 9:47am | Edited 9:53am
Hi I've just realised EURUSD is in a channel, I made some bad calls today, but can see what is going on now.

Please see it has reversed at the top of the channel, and will probably move back up at the bottom of the channel.

It looks like it is ranging at the moment, in a slight upward channel, it will need to break the channel to move up or down.


http://img217.imageshack.us/img217/5162/96199708.jpg
  • #671,793
  • Jul 25, 2012 9:50am Jul 25, 2012 9:50am
Is the market bullish today? Also I am noticing a high volatility, why?
  • #671,794
  • Jul 25, 2012 9:52am Jul 25, 2012 9:52am
Quoting hamad00
I agree with you it was but things now are changing


otherwise why would we see a declining not appreciating Euro after any bad US data since last year

in the current time , there is no peer competitor to USD and the only candidate is JPY
The currency you are talking about and that you consider as not a good competitor for the USD, is still trading at 1.20+....

Enough said.
By the way, the EU is first economic power by GDP, though people dont refer to it as it's not yet an integrated country.
  • #671,795
  • Jul 25, 2012 9:57am Jul 25, 2012 9:57am
Quote
euro weakness coming from southern countries

now we only have 3 countries in good shape Germany, Finland and Netherlands if things contiue badly they would suffer too

[QUOTEthat weak euro will help EZ in a long term][/quote]

yup sure weaker Euro makes it easier for Greece & Spain and other countries to pay the debts, it makes it easier to them to earn Euro and even make more exports more competitive

until now, no single country from Euro is concerned with the drop of Euro value, however, some people talking that sharp drop in Euro value will expose German banks to major losses which Germany does not want


Quote
Do you think if euro goes lets say to parity that europe won't be competitive for us

no it wont unless the EU solve all its troubles (which would take ages ) and suck Greece and other troubled countries out the Euro

Quote
Don't forget that Japan doesn't want strong Yen like europe & germany they live of export.

yeah you are right this way I believe it would still be as a candidate only but so far it seems to be the only safe heaven beside USD and I belive it will gradually move upwards to 60 yen per 1 USD over the years
  • #671,796
  • Jul 25, 2012 10:03am Jul 25, 2012 10:03am
long 1.21278

sl 1.21000

tp 1.21500

Good Luck to me.
  • #671,797
  • Jul 25, 2012 10:04am Jul 25, 2012 10:04am
Quoting hamad00
yeah you are right this way I believe it would still be as a candidate only but so far it seems to be the only safe heaven beside USD and I belive it will gradually move upwards to 60 yen per 1 USD over the years
Good thinking I like your responce, but I disagree with above statement - Japan would commit harakiri if yen would drop to 60 it will never happen unless collapse of some major currency imo - they will print and buy actually I think we are getting closer to that, about 76 level
swing it!
  • #671,798
  • Jul 25, 2012 10:06am Jul 25, 2012 10:06am
Quoting mercy seat
Cashed with A REVERSO and southbound since 1.21571 ...

+ 18 Points ...

15h33





;-|
Covered further parts (45%) at 1.21190 ...

16h57

+ 38 Points ...





;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #671,799
  • Jul 25, 2012 10:07am Jul 25, 2012 10:07am
You guys are longing or shorting?
  • #671,800
  • Jul 25, 2012 10:08am Jul 25, 2012 10:08am
Quoting hamad00
now we only have 3 countries in good shape Germany, Finland and Netherlands if things contiue badly they would suffer too


yup sure weaker Euro makes it easier for Greece & Spain and other countries to pay the debts, it makes it easier to them to earn Euro and even make more exports more competitive
Excuse me but Greece & Spain exports? What exports?
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