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

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  • #885,941
  • Edited 5:33pm Mar 25, 2014 4:15pm | Edited 5:33pm
Quoting Gaviscon3
{quote} I think it's the other way round. Short-term the trend is up. I think we will see 1.41, possibly 1.44, 1.45. Then in the third quarter this year, the Euro will decline quickly continuing through 2015. I'll stick my neck out - 1.15.
I think you're predicting toooooo far way.
Unless you're trade weekly or monthly trend.
Let's it break 1.39 first then we'll see.
It failed to break 1.39 yesterday and then drop 130 pips today to 1.3750.
And rebound to 1.3850??? Then drop again... Maybe see 1.379 soon
I'm just a scalper .... I really don't cares where it lead.
Just as long as I hope I have stop loss in place just in case of spike like today.
Got hit couple of times, but overall still positive today!


Short again EUR/USD @ 1.38271 SL 15 PIPS (Scalping)
Short again EUR/JPY @ 141.378 SL 15 PIPS (Scalphing)
  • #885,942
  • Mar 25, 2014 5:56pm Mar 25, 2014 5:56pm
1.3828/32 is now bound to break. Looking at 1.4120
The Thief of Wall Street
  • #885,943
  • Mar 25, 2014 6:04pm Mar 25, 2014 6:04pm
Quoting Chicky
1.3828/32 is now bound to break. Looking at 1.4120
1.4120 ??? Really? You gotta be kidding right?
For the whole 2013 it didn't even break 1.39 (All of US QE last year too)
For Quarter almost ended, didn't even break 1.40.
  • #885,944
  • Mar 25, 2014 6:19pm Mar 25, 2014 6:19pm
Quoting Chicky
1.3828/32 is now bound to break. Looking at 1.4120
I agree on 1.3828 being about to break...but I don't have visibility for 1.4120...and I would see thaT as a peak for the entire year. Nomura expects a peak in mid-year...recovery may be in trouble at that level and economy is still very fragile......I expect 13850/60 first and then range bound movement between 13750-13850...due to sizeable options expiring tomorrow at those levels...possible downside towards 13600. However, at these levels anything is possible. I am ready to change my ST analysis at any time.
  • #885,945
  • Mar 25, 2014 6:21pm Mar 25, 2014 6:21pm
I'm long at 1.38246 with SL at 1.3812
  • #885,946
  • Mar 25, 2014 6:27pm Mar 25, 2014 6:27pm
Before people start jumping around, especially the dollar camp buddies ... i highly recommend reading this article, about Europe deflation and possible policies. I did participate in small part in it..

http://orcaforex.com/europe-deflation-risk-policy/
"It's the Margin, Stupid."
  • #885,947
  • Mar 25, 2014 6:41pm Mar 25, 2014 6:41pm
still down to 1.372 IMO
  • #885,948
  • Mar 25, 2014 7:20pm Mar 25, 2014 7:20pm
Quoting Vachus
Before people start jumping around, especially the dollar camp buddies ... i highly recommend reading this article, about Europe deflation and possible policies. I did participate in small part in it.. http://orcaforex.com/europe-deflation-risk-policy/
thanks Vachus, I enjoyed the article but it ends with the main question that I thought the article would try to answer...I still think that current low levels of inflation if not deflation will require some extra help soon in the form of some exchange rate intervention including also some BS faking about negative deposit rates which worked until today. ECB is worried about growth and output now...a high exchange rate does not help either output or inflation.. However we know that unemployment and output levels are now unacceptable in Euro area while inflation is currently below target. Draghi could be waiting for some exogenous extra help from US recovery/China or might be ready for action. Chances are that he is ready to rock & roll.
I don't fear Russia sanctions as I am sure that Eurozone has an agreement under the table with Putin for the supply of energy during these tense days.
  • #885,949
  • Mar 25, 2014 7:30pm Mar 25, 2014 7:30pm
1.3646 and higher than 3834 maybe?
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #885,950
  • Mar 25, 2014 7:43pm Mar 25, 2014 7:43pm
Quoting Vachus
Before people start jumping around, especially the dollar camp buddies ... i highly recommend reading this article, about Europe deflation and possible policies. I did participate in small part in it.. http://orcaforex.com/europe-deflation-risk-policy/

Treaty forbids monetary financing... yet the Securities Market Programme nearly did just that. The ECB can proceed with QE in a number of ways, including buying ABS, buying foreign bonds, buying bank loans, GDP weighted sovereign bond buying.

I get the point of the article, but the author seems to skip over various details to support his view. The ECB never attempted negative interest rates before because they were never at the lower bound.

Weidmann just said today he supports QE....
Twitter: @TrendersGame
  • #885,951
  • Mar 25, 2014 7:46pm Mar 25, 2014 7:46pm
Quoting aarontdang
{quote} 1.4120 ??? Really? You gotta be kidding right? For the whole 2013 it didn't even break 1.39 (All of US QE last year too) For Quarter almost ended, didn't even break 1.40.
1.3880 will be the launching pad for 1.4120 and 1.4150 for 1.4444
The Thief of Wall Street
  • #885,952
  • Mar 25, 2014 7:58pm Mar 25, 2014 7:58pm
Quoting Chicky
{quote} 1.3880 will be the launching pad for 1.4120 and 1.4150 for 1.4444
ECB will do QE soon, what would happen when that happen?
EUR/USD isn't gonna get that high.
up or down don't matter to me much.
I'm playing both side with SL.
  • #885,953
  • Mar 25, 2014 8:12pm Mar 25, 2014 8:12pm
Quoting Vachus
Before people start jumping around, especially the dollar camp buddies ... i highly recommend reading this article, about Europe deflation and possible policies. I did participate in small part in it.. http://orcaforex.com/europe-deflation-risk-policy/
Quoting Greener
{quote} thanks Vachus, I enjoyed the article but it ends with the main question that I thought the article would try to answer...I still think that current low levels of inflation if not deflation will require some extra help soon in the form of some exchange rate intervention including also some BS faking about negative deposit rates which worked until today. ECB is worried about growth and output now...a high exchange rate does not help either output or inflation.. However we know that unemployment and output levels are now unacceptable in Euro...
Hello Greener,

My feeling too, i would have preferred the main question answered. I think the key issue here, if it is deflation - what the Europeans can do about it. Media, and even normal people are looking at central banks as if they were wizards of some sort. The entire world is been crunched or in money printing mode, the Europeans are in the same situation as everyone but without monetary easing. So, till this extra help is defined - i'm planning to wait and see ..

About Mr. Putin, its a gentlemen agreement - the Europeans take Kiev and he settles in for Crimea ... the Russians are willing, not to die for this island but to burn the entire world with it. Its dangerously necessary for the national security of Russia.
"It's the Margin, Stupid."
  • #885,954
  • Mar 25, 2014 8:18pm Mar 25, 2014 8:18pm
Quoting gatorinla
{quote} a eu entry at the obvious 3810 is one possible entry after high break. there is another smaller setup for 3940, on that one the low today has to hold and a long entry later may be 3795,,,,all entries up till the low (the closer to the the low the better r/r on a successful trade).... but atm bulls need a higher high before looking for these setups, unless one wants to jump the gun on the other reasons like 3899 etc. i am already L from earlier.
still waiting, the safer trade is to wait for today's high to break, then enter 3795 or less w/o breaking the db. a regular momentum trade may be just to enter 3810. i personally try to enter the b/o after a pullback. missing a trade is not a bad thing, since profit is already booked
those who can, do. those who cant, talk about those who can
  • #885,955
  • Mar 25, 2014 8:25pm Mar 25, 2014 8:25pm
Quoting Vachus
Before people start jumping around, especially the dollar camp buddies ... i highly recommend reading this article, about Europe deflation and possible policies. I did participate in small part in it.. http://orcaforex.com/europe-deflation-risk-policy/
Quoting Citiboy
{quote} Treaty forbids monetary financing... yet the Securities Market Programme nearly did just that. The ECB can proceed with QE in a number of ways, including buying ABS, buying foreign bonds, buying bank loans, GDP weighted sovereign bond buying. I get the point of the article, but the author seems to skip over various details to support his view. The ECB never attempted negative interest rates before because they were never at the lower bound. Weidmann just said today he supports QE....
A) You would be foolish to trust Weidemnn, he is fundamentally against most of ECB's decisions. If you want really to know where he stands, i recommend reading his speeches on the offical website of Bundesbank. Few months ago, with inflation and GDP outlook were worse than expected now- he gave a very long speech, half of it about potential risk for longer low interest rate. ( He is a German, low inflation/ high interest rate Nazi)

B) Interest rates, during the financial crisis were at the lower bond. ( Second/ third Quarter, 2009 - forth quarter 2011 ) I do not think really i have to list the amont of risks faced the European economy and globally, to enterian the thought of extraordinary measures ... do it?!

C) Quantitative easing is abit different than most of the financial instruments, used previously by ECB. So, in away the ECB have already used such instruments but not outright monetary financing.
"It's the Margin, Stupid."
  • #885,956
  • Mar 25, 2014 8:26pm Mar 25, 2014 8:26pm
Quoting Vachus
{quote} {quote} Hello Greener, My feeling too, i would have preferred the main question answered. I think the key issue here, if it is deflation - what the Europeans can do about it. Media, and even normal people are looking at central banks as if they were wizards of some sort. The entire world is been crunched or in money printing mode, the Europeans are in the same situation as everyone but without monetary easing. So, till this extra help is defined - i'm planning to wait and see .. About Mr. Putin, its a gentlemen agreement - the Europeans...
Draghi mentioned growth/unemployment concerns in Euro area and low inflation too. He was very careful about avoiding the word deflation which would represent a failure of his politics. However, this could be just a better way to say that they are now working to avoid deflation otherwise I can not understand the timing of his remarks about the exchange rate to be used exclusively as a tool to solve inflation issues.

We are on the same page on Russia.
  • #885,957
  • Mar 25, 2014 8:30pm Mar 25, 2014 8:30pm
Quoting Vachus
{quote} {quote} A) You would be foolish to trust Weidemnn, he is fundamentally against most of ECB's decisions. If you want really to know where he stands, i recommend reading his speeches on the offical website of Bundesbank. Few months ago, with inflation and GDP outlook were worse than expected now- he gave a very long speech, half of it about potential risk for longer low interest rate. ( He is a German, low inflation/ high interest rate Nazi) B) Interest rates, during the financial crisis were at the lower bond. ( Second/ third...
As you can see the ECB was never at the lower bound during the crisis.

With all due respect the article is more opinion than fact.


On Weidmann... monetary policy is a often process of floating ideas until something sticks. Axel Weber, Juergen Stark and up until Recently Jens Weidmann all towed the Bundesbank line and were perma hawks. Whats being floated here is an open minded Bundesbank. What he said months ago doesn't really matter honestly, at this point hes now open to negative rates and QE. Now the ECB will watch to see who saying what creates the desired effect, and they will need to follow through on that for the market to hold its losses/gains that were created by 'floating' the idea.

This is important because market perception up until today was that Weidmann is tying Draghi's hands on any type of unconventional policy.
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Twitter: @TrendersGame
  • #885,958
  • Mar 25, 2014 8:36pm Mar 25, 2014 8:36pm
Quoting Greener
{quote} Draghi mentioned growth/unemployment concerns in Euro area and low inflation too. He was very careful about avoiding the word deflation which would represent a failure of his politics. However, this could be just a better way to say that they are now working to avoid deflation otherwise I can not understand the timing of his remarks about the exchange rate to be used exclusively as a tool to solve inflation issues. We are on the same page on Russia.
As the article accurately noticed, Draghni never used the word " deflation" in a press conference long time ago ... so i think he is doing it on purpose! Growth and unemployment are not his job, he is suppose to be the guy with monetary policy aka the money printing machine! The bold statement sounds a bit Australian, Steven beam of central bank of Austrilia used it on March rate statement. Actually, Austrilia's now tactical plan is devaluing the Aussie in hopes of boosting jobs and growth.

Me personally, i never take what Draghni says outside of ECB serious .. its a board of directors and governors - he is not a lone there!
"It's the Margin, Stupid."
  • #885,959
  • Mar 25, 2014 8:42pm Mar 25, 2014 8:42pm
Quoting Vachus
{quote} As the article accurately noticed, Draghni never used the word " deflation" in a press conference long time ago ... so i think he is doing it on purpose! Growth and unemployment are not his job, he is suppose to be the guy with monetary policy aka the money printing machine! The bold statement sounds a bit Australian, Steven beam of central bank of Austrilia used it on March rate statement. Actually, Austrilia's now tactical plan is devaluing the Aussie in hopes of boosting jobs and growth. Me personally, i never take what Draghni says outside...
Growth and unemployment are now his job because as he mentioned, unemployment at these levels and low inflation limit the effect of monetary policy. Obviously price stability comes first but he can do his bit to stimulate growth and employment.
  • #885,960
  • Mar 25, 2014 8:44pm Mar 25, 2014 8:44pm
what pattern is this?

any expert view?
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