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  • #852,661
  • Nov 13, 2013 9:05am Nov 13, 2013 9:05am
The ECB want a EURO around 1.25.

Although the truth of the matter is Germany is the power house and does NOT want the euro to go sub 135 never mind 1.25.

Germany hold the power and the ECB can only do so much.

Probably a 1.30 finish to the year and i would imagine the ECB would be satisfied with this.
  • #852,662
  • Nov 13, 2013 9:06am Nov 13, 2013 9:06am
Quoting giveachance
{quote} why do you hedge? I remember you hedge for 100 pips or so and then you wait for the other trade to get profitable
I don't hedge. I keep inventory.
  • #852,663
  • Nov 13, 2013 9:08am Nov 13, 2013 9:08am
Quoting weathercheck
The ECB want a EURO around 1.25. Although the truth of the matter is Germany is the power house and does NOT want the euro to go sub 135 never mind 1.25. Germany hold the power and the ECB can only do so much. Probably a 1.30 finish to the year and i would imagine the ECB would be satisfied with this.

Based on what? Or pure speculation?
  • #852,664
  • Nov 13, 2013 9:08am Nov 13, 2013 9:08am
Quoting BeginnerJoe
{quote} I don't hedge. I keep inventory.

inventory for loses is it? wake up or you will go bankrupt with this approach
  • #852,665
  • Nov 13, 2013 9:09am Nov 13, 2013 9:09am
I have missed move down. first eur unable to reach 1.3551 and then today 1.3465.
no trades
  • #852,666
  • Nov 13, 2013 9:10am Nov 13, 2013 9:10am
some weeks ago i read Merkel would like eur/usd 1.3-1.31
  • #852,667
  • Nov 13, 2013 9:15am Nov 13, 2013 9:15am
Quoting giveachance
{quote} inventory for loses is it? wake up or you will go bankrupt with this approach
Not possible. The whole thing is like a business. The profitable side of the business will cover the inventory.
  • #852,668
  • Nov 13, 2013 9:19am Nov 13, 2013 9:19am
Quoting BeginnerJoe
{quote} Not possible. The whole thing is like a business. The profitable side of the business will cover the inventory.
The thing is if it goes down another 1000 pips, you'll have a trade with a DD of 1000 pips

For example what if you shorted at 1,2000 or long at 1,5000 ? You'd never get rid of it, and it won't be called inventory anymore, but more like useless stock (and if you won't want to get rid of that stock, it will be at a big loss)
COT: The precious data ignored
  • #852,669
  • Nov 13, 2013 9:21am Nov 13, 2013 9:21am
Quoting dyee630k
{quote} Just a guess.... QE helped stimulate the US economy (as it was intended to) and led to highest daily closes in US stocks and strengthening the dollar. Overseas, there should be a similar effect if QE is implemented. But by hinting that QE is required, they are implying that current conditions are bad. They seem to be using the threat of QE to try and lower the relative strength of the Euro.
NO. QE does not strengthen the USD. it simply creates inflation and the sense in the ignorant crowd that the economy is recovering.
if they are thinking QE in eur i doubt on reduction of QE in US will happen this year. Need more strong good data from usd on a longer term scale.
  • #852,670
  • Nov 13, 2013 9:25am Nov 13, 2013 9:25am
Quoting Fx-gtg
I have missed move down. first eur unable to reach 1.3551 and then today 1.3465. no trades
me too... bastards...
  • #852,671
  • Nov 13, 2013 9:26am Nov 13, 2013 9:26am
time to long, as in shart
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h1-mig-bank.png Size: 36 KB
  • #852,672
  • Nov 13, 2013 9:27am Nov 13, 2013 9:27am
Quoting julia2011
time to long, as in shart {image}
okay, ur shart opened my eyes, long indeed!

  • #852,673
  • Nov 13, 2013 9:28am Nov 13, 2013 9:28am
Quoting kuroro001
{quote} The thing is if it goes down another 1000 pips, you'll have a trade with a DD of 1000 pips For example what if you shorted at 1,2000 or long at 1,5000 ? You'd never get rid of it, and it won't be called inventory anymore, but more like useless stock (and if you won't want to get rid of that stock, it will be at a big loss)
No worries. I will make tons of pips if it go down 1000. If profit grows and inventory doesn't. It's a positive equation.
  • #852,674
  • Nov 13, 2013 9:29am Nov 13, 2013 9:29am
Quoting LaLinea
{quote} Good trade out @1.33960
Quoting spartanforex
{quote} i plan on taking some of short off at 13387 then adding it back at 134.20
took most off at 95 also i had my finger on the buy button waiting for it to touch 87 and it slipped lol. good 50 pips. waiting for 134.20 to short more
  • #852,675
  • Nov 13, 2013 9:31am Nov 13, 2013 9:31am
Quoting julia2011
time to long, as in shart {image}
You have my support. Anything is possible. Longs, shorts, etc, etc.
  • #852,676
  • Nov 13, 2013 9:34am Nov 13, 2013 9:34am
Wonder if that yellow line breaks. TL is there just for fun, but whole move looks kind of like a bearish flag. Otherwise (for intraday retracement) this may be quite good place to buy. Btw, got kicked out of UJ during ECB ratecut spike, so currently flat and waiting.
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 92 KB
"I know one thing, that I know nothing." Sokrates
  • #852,677
  • Nov 13, 2013 9:46am Nov 13, 2013 9:46am
Quoting spartanforex
{quote} {quote} took most off at 95 also i had my finger on the buy button waiting for it to touch 87 and it slipped lol. good 50 pips. waiting for 134.20 to short more

long with LOL
  • #852,678
  • Nov 13, 2013 9:47am Nov 13, 2013 9:47am
Quoting Tom_D_Trader
Wonder if that yellow line breaks. TL is there just for fun, but whole move looks kind of like a bearish flag. Otherwise (for intraday retracement) this may be quite good place to buy. Btw, got kicked out of UJ during ECB ratecut spike, so currently flat and waiting. {image}
An ascending triangle usually breaks to the upside, or so the theory says.

edit: draw a flat top to it.
  • #852,679
  • Nov 13, 2013 9:56am Nov 13, 2013 9:56am
Got the same... since a couple of days...

So..
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h1-alpari-uk-ltd.png Size: 34 KB
  • #852,680
  • Nov 13, 2013 9:58am Nov 13, 2013 9:58am
Quoting iamkjb
An ascending triangle usually breaks to the upside, or so the theory says. edit: draw a flat top to it.
a) I dont see ascending triangle, because first wicks of that triangle were after ECB ratecut, when market plunged and retracement was equally strong. I see bearish flag .
b) Ascending triangle in uptrend usually breaks to the upside.
"I know one thing, that I know nothing." Sokrates
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