Long EURUSD- 4 pip risk
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This EURGBP selling dragin it down
- #230
- Apr 2, 2014 7:19am Apr 2, 2014 7:19am
{quote} That's not soo bad mate, -1p can be considered just a breakeven tradeLet's see if these damn stops pops, hopefully some decent movements today
Next bids at 1.3768, 1.3700 and the famous 1.3642
Offers at 1.3795 1.3819 and 1.3875
- #235
- Apr 3, 2014 5:37am Apr 3, 2014 5:37am
{quote} EUR/USD will be moving in range if there is no more expansive policy from ECB even if there is a hint for future rate cut-If there is any serious action from Mario draghi We will go rock and roll
Why, because i have a feeling that if the rates don't go down today, the eur will start an impressive rally.
No matter what draghi will say in his speech, i guess in case he's not going to lower the rates he will say that they are ready to act that they have a wide options of actions, that the economy is going good, that 0,5% inflation is close to 2%, etc.
I mean the market is not stupid, today is a big exam for the ecb credibility, if they don't lower the rate today every big boy will buy the eur.
So.. i would forget about range for today, we either go south or north, the market is nervous.
Oh just personal opinion of course, i may as well be super wrong
But i hope the ecb will do the right thing to do.
- #237
- Apr 3, 2014 6:02am Apr 3, 2014 6:02am
- | Joined Jul 2013 | Status: Trader | 1,494 Posts
{quote} And i say more, as for now the chances that the ecb will act today are pretty low, not because it is not the right thing to do, but because their agenda does not coincide with doing always the right thing. (the same apply for all the central banks) However, it would make technically sense to act today, and the fact that nobody is expecting it may result in a huge surprise in the case they act. In other words, there is a certain risk-reward ratio. But ok enough on this subject for today, let's get back to the order-flow way of thinking.
^^ can't laugh can't think. is there a right thing ?
A trade should be based on an assumption based on facts
- #238
- Apr 3, 2014 6:21am Apr 3, 2014 6:21am
{quote} * not because it is not the right thing to do, but because their agenda does not coincide with doing always the right thing* ^^ can't laugh can't think. is there a right thing ?
The central banks do have instruments to use in order to modify the inflation, modify the amount of liquidity in the system, affect the imports, exports, unemployment rate, etc.
As funny as it may looks, they are the captain of the economy "boat".
Now, if the boat is going in the direction of an iceberg, the right thing would be to just turn away from it, right?
The right thing would be for example to help the economy, keep unemployment low, let big part of the poplation have enough income/savings to afford a good lifestyle, etc. etc.
In a perfect world this is what would happen, in our world things are not soo simple, central banks have their own agenda, sometime they do work in order to create crisis, their interest is the one to become more and more powerful, it is a very complicated world and sometime difficult to understand.
The right thing, it is very subjective.
In my last post i was referring to the right thing for the economy, for the population, for the people.
- #239
- Apr 3, 2014 6:28am Apr 3, 2014 6:28am
- | Joined Jul 2013 | Status: Trader | 1,494 Posts
A trade should be based on an assumption based on facts