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  • #895,241
  • May 6, 2014 6:45am May 6, 2014 6:45am
dollar down movement continue till 78.87(midpoint of long term swing) i think. until that level long usd is illogical.

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  • #895,242
  • May 6, 2014 6:48am May 6, 2014 6:48am
Quoting Citiboy
{quote} Ideal level for me is 1.4050-1.4100. Im just saying that because I think trading above 1.400 will send it higher just on the stop loss runs. I dont have a technical trigger, Im just looking for particular developments in other markets/ and or fundamental catalysts. When it comes down to it they really have no way of fighting Euro strength outside of FX interventions. Sovereign bond QE isnt exactly legal. Rate cuts will just produce a dip that is bought. The main issue is the world sees European assets as "cheap" compared to their volatility/risk,...
Interesting.
  • #895,243
  • May 6, 2014 6:50am May 6, 2014 6:50am
Quoting Citiboy
i think you get the absolute capitulation of 1.40/1.70/101 then the turn will happen
I don't exactly see yen turn. in fact quite the opposite.
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  • #895,244
  • May 6, 2014 6:54am May 6, 2014 6:54am
Quoting ruffryders
{quote} I don't exactly see yen turn. in fact quite the opposite. {image}

I wouldnt be trading long dollar against the Yen. From what I have looked at recently there wont be more BOJ stimulus this year. Id prefer being long Yen. waiting for EURJPY to break 140-141 to the downside to get it.

To express USD long id like it vs EUR and AUD, but thats not developing just yet. long usd and jpy will be risk aversion/capital flight trades for 2nd half of year.
Twitter: @TrendersGame
  • #895,245
  • May 6, 2014 6:56am May 6, 2014 6:56am
I feel in an ever changing market, especially one in which we use leverage, taking a position based on "Due diligence" would more likely send you into red much quicker then trading patterns and setups. Many of the traders which follow this thread, especially those who are very active posters, speak as swing traders/ investors, but trade as scalpers. That is evident on how they take positions based on sharp spikes. Although swing traders, and investors don't focus much on accuracy one could be accurate and aim for those 500+pip profit. It truly is anyone's guess as to where EUR/USD will actually go, but we should begin to respect PR's and current events, as they can quickly change our bias towards positions, and leave us holding a very heavy bag.
Keep your Pip-drawdown low. That is the key to using high equity + high lev
  • #895,246
  • May 6, 2014 6:57am May 6, 2014 6:57am
I am planning to sell all this strength in USD pairs if possible close to Monthly R1 pivots.
We watch the charts from every angle so you don't have to!!
  • #895,247
  • May 6, 2014 7:04am May 6, 2014 7:04am
Quoting oundar
extremly overbought but bullish at the moment.1.3950 will be serious resistance. Banks are buying mostly.So we are in between sharks. It may go down to 1.388x or will go back and stand in this levels (1.3920-30) for a while. Lets see. I have shorts from 1.3926 and 1.3934 . Bullish trend is weak. (just my opinion regarding outlook and news)
rat
  • #895,248
  • May 6, 2014 7:06am May 6, 2014 7:06am
Quoting giveachance
what a day we are ahving. slighly better spanish services PMI and euro burst through 1.3930. NFP 300k euro burst through. bottom line market is positioned for USD to fall and no matter how good the data comes fall will come for USD. absolutely bullshit markets.

One day maybe you'll finaly understand the market is not bull shit. The market is the market and you are still a shit trader. Now watch 3960 getting hit...
  • #895,249
  • May 6, 2014 7:08am May 6, 2014 7:08am
Quoting attila
{quote} One day maybe you'll finaly understand the market is not bull shit. The market is the market and you are still a shit trader. Now watch 3960 getting hit...
good one.
  • #895,250
  • May 6, 2014 7:11am May 6, 2014 7:11am
Quoting Citiboy
Cant sleep being short this, I know its going to just be wasted money whenever 1.3900 stops get run. Im out until 1.3780.

Twitter: @TrendersGame
  • #895,251
  • May 6, 2014 7:14am May 6, 2014 7:14am
Quoting attila
{quote} One day maybe you'll finaly understand the market is not bull shit. The market is the market and you are still a shit trader. Now watch 3960 getting hit...
... Honestly. If the guy spent half as much time listening and learning as he does bitching and insulting folks, he'd have "his chance".
Ghost Rider - WWTBMD?
  • #895,252
  • May 6, 2014 7:15am May 6, 2014 7:15am
Quoting Citiboy
{quote} Ideal level for me is 1.4050-1.4100. Im just saying that because I think trading above 1.400 will send it higher just on the stop loss runs. I dont have a technical trigger, Im just looking for particular developments in other markets/ and or fundamental catalysts. When it comes down to it they really have no way of fighting Euro strength outside of FX interventions. Sovereign bond QE isnt exactly legal. Rate cuts will just produce a dip that is bought.
I think Draghi and Yellen will stop this from trading above 1.40 to allow people like me to buy from 13770. In the meantime we can get as high as 13970. We still need to know what Draghi is going to do about low inflation/slow growth & what Yellen thinks of the recent strong data/future rate hikes. USD should come back strong for a prolonged rally between August/September in my view.
  • #895,253
  • May 6, 2014 7:18am May 6, 2014 7:18am
Quoting Greener
{quote} I think Draghi and Yellen will stop this from trading above 1.40 to allow people like me to buy from 13770. In the meantime we can get as high as 13970. We still need to know what Draghi is going to do about low inflation/slow growth & what Yellen thinks of the recent strong data/future rate hikes. USD should come back strong for a prolonged rally between August/September in my view.
yeah, not to say that there is another 90 + days until August, and certainly EU/GU will stay intact, before USD rally kicks in high gear in August.
  • #895,254
  • May 6, 2014 7:18am May 6, 2014 7:18am
Quoting Greener
{quote} I think Draghi and Yellen will stop this from trading above 1.40 to allow people like me to buy from 13770. In the meantime we can get as high as 13970. We still need to know what Draghi is going to do about low inflation/slow growth & what Yellen thinks of the recent strong data/future rate hikes. USD should come back strong for a prolonged rally between August/September in my view.
rat
  • #895,255
  • Edited 7:52am May 6, 2014 7:26am | Edited 7:52am
Quoting ruffryders
{quote} yeah, not to say that there is another 90 + days until August, and certainly EU/GU will stay intact, before USD rally kicks in high gear in August.
My strategy is to buy the dips until then. I just need one big dip now...and some whatever it takes speech.
  • #895,256
  • May 6, 2014 7:29am May 6, 2014 7:29am
It's not gonna be long to reach 1.40 level.
  • #895,257
  • May 6, 2014 7:33am May 6, 2014 7:33am
Euro goes up on PMI, and all other pairs slip into "USD weakness" as well.. look at NZD, even russian ruble gains against USD.
Its momento buying on a macro scale here. Kinda cool to watch
  • #895,258
  • May 6, 2014 7:35am May 6, 2014 7:35am
Man really look at NZD lol.. take a good look at that, its going parabolic
  • #895,259
  • Edited 8:19am May 6, 2014 7:36am | Edited 8:19am
Good day everyone. Would like to discuss a posible top @1.3960-67 with someone interested in EW directional movements. From my chart 1.3967 is very likey to be the very top af the last DM starting at 1.3477. A reversal is @ 1.3760 and a new wave could be formaning with the braek of 1.3967.

https://charts.mql5.com/4/628/eurusd...shot-36429.png
  • #895,260
  • May 6, 2014 7:44am May 6, 2014 7:44am
Quoting ruffryders
{quote} the bottom-line is that empires don't last long. Everyone (outside US that is) is fed up with the intervention policy, which only leaves misery, death and civil was behind. That's the basis of NWO operations. Finally, someone got balls enough to pushback. So my take it's only for the good. About time NWO gets some real pushback.
catching up. is the acronym for "new world order?"
those who can, do. those who cant, talk about those who can
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