EURUSD | Page 38662 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #773,221
  • Mar 18, 2013 7:47am Mar 18, 2013 7:47am
Quoting tomspin
Did you ever try to pour a petrol into a small fire???
That's a lot marshmallow to burn
  • #773,222
  • Mar 18, 2013 7:48am Mar 18, 2013 7:48am
Quoting Ken A
That's bear flag the reverse of bull flag if I am not mistaken
erm, tbh, I saw that one as a triangle, symmetrical, could go either way.

was just showing how I see as a flag. I don't trade them often, fakeouts happen. 2937 is holding, so I added another long there

this one broke the flag's upside, should've shot right up. good thing I didn't place any buy stop there
  • #773,223
  • Mar 18, 2013 7:50am Mar 18, 2013 7:50am
Quoting Ken A
That's a lot marshmallow to burn
Still, does not help in terms of the sentiment between people and their opinion - market is driven by expectations, I somehow cannot see positive expectations for EZ atm, it is just uncertainty.
swing it!
  • #773,224
  • Mar 18, 2013 7:51am Mar 18, 2013 7:51am
Quoting LeeNoa
its a bear?
Bear flag formation is bearish with target as the length of pole down. You have to ask Uncle Gator, he is very good at making flag.
  • #773,225
  • Mar 18, 2013 7:53am Mar 18, 2013 7:53am
Quoting Ken A
:d

123.33
123.75
124.15
Testing the water, long @123.10 SL tight
  • #773,226
  • Mar 18, 2013 7:54am Mar 18, 2013 7:54am
Quoting Ken A
Bear flag formation is bearish with target as the length of pole down. You have to ask Uncle Gator, he is very good at making flag.
where is mr gator?
mr gator=mr gatorinla?
  • #773,227
  • Mar 18, 2013 7:54am Mar 18, 2013 7:54am
Quoting SpacyTrader
Of course you may be right. Still the fact remains. Who the heck will consider cyprus safe anymore for banking ? By extension the EU as well. If you have a choice where to put your money (and you do) why choose Europe ? These people are morons. Every country in Europe has debt problems and they just signaled they're willing to rob depositors of their money to pay for their problems. Pure genius.

Here is Big Politics game - as I said US, EU vs. Russia - Power alignment.


Europe is safe as USA and JPY - everything is really relative from wich point you look at it. There is big games and nothing more.

After USA do QE then everyone is screaming too... when loosing money through depreciation.... nothing changes
  • #773,228
  • Edited 8:06am Mar 18, 2013 7:55am | Edited 8:06am
Quoting tomspin
Did you ever try to pour a petrol into a small fire???
Exactly! That petrol (short-term noise from news) burns out bright and fast.

The trend is determined by the market-makers activity on a medium-time scale - it might be changing as we post here. But it takes days and weeks, while we are talking about speculative gap and its closure.
Right now PA is holding right on top of middle BB trying to clear the S2
"Luxury is one of the basic needs", (c), Don Corleone
  • #773,229
  • Mar 18, 2013 7:57am Mar 18, 2013 7:57am
Quoting LeeNoa
where is mr gator?
mr gator=mr gatorinla?
Yeah Uncle Gatorinla Zimbabwe
  • #773,230
  • Mar 18, 2013 7:57am Mar 18, 2013 7:57am
Quoting 4exNinja
Well...they're not Greece...but on the other hand, they're no Germany either. Given the political gridlock I wouldn't be surprised if Italy has to introduce more drastic measures. ...
Any draconian measure affecting the financial world would probably be supported by a vast majority of the Italian population, given last ballots' results.
Following in Hollande's footsteps, Italy has just introduced a levy on financial transactions, that was welcomed as a form of "social justice" by many.

So, letting alone purely economic cosiderations, the cultural and political environment would be favourable for this kind of interventions.
Enter Signature
  • #773,231
  • Mar 18, 2013 7:59am Mar 18, 2013 7:59am
Quoting math_GB
Testing the water, long @123.10 SL tight

122.90 is Weekly Support.
  • #773,232
  • Mar 18, 2013 8:06am Mar 18, 2013 8:06am
Quoting Buda
Here is Big Politics game - as I said US, EU vs. Russia - Power alignment.


Europe is safe as USA and JPY - everything is really relative from wich point you look at it. There is big games and nothing more.

After USA do QE then everyone is screaming too... when loosing money through depreciation.... nothing changes
I don't think you get it. Losing money through depreciation is quite different to losing it to confiscation. If you're rich you invest your money and avoid inflation. Perhaps those bank deposits were used for bank guarantees for investments: that way they'd avoid inflation. Are you seriously suggesting nobody will be upset with losing their money in the bank ? How the heck will anybody think of Europe as safe after this ?

If there was a problem with the bank the bond holders should have lost first then depositors. They're paying bond holders in full while taking depositors money. Nobody will be reassured to keep money in european banks after this. All the money in italian, spanish, portugese, greek banks went to Germany. Perhaps now they'll reconsider even that as a safe heaven and go for Switzerland, Singapore etc only from now on.
  • #773,233
  • Mar 18, 2013 8:08am Mar 18, 2013 8:08am
Seems to me the current slide in EU is actually looking for a support to spring back up?
Enter Signature
  • #773,234
  • Mar 18, 2013 8:08am Mar 18, 2013 8:08am
Quoting Ken A
Why E/U can't cross 1.2966? Because Max is shorting?
isn't it time you guys helped me out on these shorts? it's a lot for for me to do on my own
  • #773,235
  • Mar 18, 2013 8:09am Mar 18, 2013 8:09am
Quite beautiful gap closure ocurred on EUR/CHF with a spike exactly to the daily pivot point.

Now that pair is ready for the trip down, and the Swiss Central Bank will have to hold the downward pressure as per their earlier promise. Therefore, I don't expect a strong momentum, but a steady pushing towards low 1.20
"Luxury is one of the basic needs", (c), Don Corleone
  • #773,236
  • Mar 18, 2013 8:09am Mar 18, 2013 8:09am
Quoting MaxDoom
isn't it time you guys helped me out on these shorts? it's a lot for for me to do on my own
well i'm short 1.2935 ...
Make choices and don't look back !
  • #773,237
  • Mar 18, 2013 8:10am Mar 18, 2013 8:10am
95.30 is good point to short for usd jpy.
e-u momentum down action at 1.2933 level to 1.2887.
  • #773,238
  • Mar 18, 2013 8:10am Mar 18, 2013 8:10am
Quoting MaxDoom
isn't it time you guys helped me out on these shorts? it's a lot for for me to do on my own
Sure Max. Will do whatever it takes
  • #773,239
  • Mar 18, 2013 8:11am Mar 18, 2013 8:11am
Quoting SpacyTrader
I don't think you get it. Losing money through depreciation is quite different to losing it to confiscation. If you're rich you invest your money and avoid inflation. Perhaps those bank deposits were used for bank guarantees for investments: that way they'd avoid inflation. Are you seriously suggesting nobody will be upset with losing their money in the bank ? How the heck will anybody think of Europe as safe after this ?

If there was a problem with the bank the bond holders should have lost first then depositors. They're paying bond holders...
^^^THIS!!

People need to realise we aren't talking about investments (bonds, stocks, etc) here, we're talking about personal assets. When you open a savings account you don't sign a statement saying "oh, btw...we as the bank can take away your savings anytime we want". There are no "investments carry a risk, you might lose part or all of your funds, yadayadayada" like when you invest in stocks or forex.

You'd have to be a fool to leave your money in Cypriotic, Italian, Greek, Spanish and Portuguese banks right now.
  • #773,240
  • Mar 18, 2013 8:13am Mar 18, 2013 8:13am
Don't see an entry here, bit doubious about going short with that gap, sitting out for now, will go get a (much needed) haircut instead!
Disclaimer: I'm still new to forex
145 traders viewing now