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EURUSD

  • #895,821
  • May 8, 2014 12:26am May 8, 2014 12:26am
Quoting Matts Micro
FF is a bit like the market. Some days are good others are crap. Yesterday seemed like I only read abuse (not only on this thread) but today reading informative posts all round. Must be the weather
It is the psychology of trading. When you make good pips, you will say good reasonable things but when the day is bad we all see some craps around.
  • #895,822
  • May 8, 2014 12:27am May 8, 2014 12:27am
Quoting yanitsa
{quote} I doubt they can do more .Not in a short time anyway Also that mantra ''High EUR damaging Eurozone '' is overrated IMO Europe's problems cannot be solved by Draghi's and Co , hence EUR/USD rate is rather less important for the current economic climate .
I disagree.I posted the article describing how much it hurts France along with the rest except maybe Germany.
It is not overrated.Lot of things are intertwined on currency levels
In trading, you have to be defensive and aggressive at the same time
  • #895,823
  • May 8, 2014 12:32am May 8, 2014 12:32am
A lot can be done with a lower currency. It is not the rate only by it self but change of rate lowers the currency.
10% down 10% more competive. We see it even in Norway a country with no debt at all and worlds biggest pension fund. The goverment is doing everything to to weaken the currency to be more competive. The NOK has weaken aginst the euro from 7,4 to 8,3 last year and we se the results in positive ways.
Europe is full of dept but there is no reason why the NOK should weaken 10% agains the eurosone who is really struggeling.

If Europe does nothing it is dead against the new BRIC countries. WE dont se a war any more but more of a currency war that changes the value from some countries to another. Japan had to do something, UK did it, USA did it and Europe must do it. It is now way we can compete
  • #895,824
  • May 8, 2014 12:34am May 8, 2014 12:34am
Hello everyone .. its been a long time.. good to see everyone here
  • #895,825
  • May 8, 2014 12:42am May 8, 2014 12:42am
Quoting rbetancor
MISSED PO BUY EURUSD @ 1.39046 TG1 1.39723 TG2 1.4004 TG3 1.4043
PO BUY EURUSD @ 1.38865 TG1 1.39723 TG2 1.4004 TG3 1.4043
PO BUY EURUSD @ 1.39526 TG1 1.39723 TG2 1.4004
FILLED PO BUY NZDUSD @ 0.86486 TG1 0.87847 TG2 0.88851 TG3 0.90476
PO BUY NZDUSD @ 0.86161 TG1 0.87847 TG2 0.88851 TG3 0.90476
PO BUY GBPJPY @ 171.09 TG1 173.718 TG2 175.140
PO BUY AUDJPY @ 94.495 TG1 97.478 TG2 98.992
The MISSED one (by 0.00006 ), have been canceled ... this will go to the second entry before rallying
The FILLED one, put SL @ BE+0.00008, the second entry will be filled
  • #895,826
  • May 8, 2014 12:43am May 8, 2014 12:43am
Quoting Chicky
{quote} For last one year or may be a little more, I am trying a demo to get one right trade. Just one right trade that doubles my account. It does not happen. It simply does not happen no matter what I do. Check my attached demo explorer. I almost doubled my account today from $69 to $125 or so, but only after bringing it down to $69 from $500. It always happens like this. I double or triple an account only after losing 90% or so. That double or triple is no more than 10%-15% of the original balance. Why it happens? Not because I am a lousy trader,...
"The bottome line .................. trade small, more frequently, for moderate number of pips"

I liked this.
Love for all; Hatred for none.
  • #895,827
  • May 8, 2014 12:45am May 8, 2014 12:45am
Quoting MarianneOslo
The market expect no change of rate from ECB today. Asia looks to have no expectations from ECB. The unemplymenta rate in the euro sone is still almost 12%.
it's clear that Draghi is a big fan of english rock band status quo as he played a bad cover of their hit song for a long time. however, if he takes action when everybody else expects no action & the laissez faire approach, he has delivered.
  • #895,828
  • May 8, 2014 12:46am May 8, 2014 12:46am
Quoting yanitsa
{quote} I doubt they can do more .Not in a short time anyway Also that mantra ''High EUR damaging Eurozone '' is overrated IMO Europe's problems cannot be solved by Draghi's and Co , hence EUR/USD rate is rather less important for the current economic climate .
It's hard to compete against Yellen and her theoretical open book also.
She is sending quite a clear message to the market that accommodation is around for a while and interesting to see even the Fed acknowledge the structural flaws in the workforce.
A change from Bens eternally optimistic outlook.
I am curious though, with Euro +ve trade balance and US trade deficit, who needs a weaker currency the most, ie. who has the most wriggle room to keep things reasonable on that front?
Come with me if you want to live....
  • #895,829
  • May 8, 2014 12:46am May 8, 2014 12:46am
Quoting MarianneOslo
A lot can be done with a lower currency. It is not the rate only by it self but change of rate lowers the currency. 10% down 10% more competive. We see it even in Norway a country with no debt at all and worlds biggest pension fund. The goverment is doing everything to to weaken the currency to be more competive. The NOK has weaken aginst the euro from 7,4 to 8,3 last year and we se the results in positive ways. Europe is full of dept but there is no reason why the NOK should weaken 10% agains the eurosone who is really struggeling. If Europe does...
Norway has a good , competitive Economy .It cannot be compared to EU IMO .What is EU exporting ? Mercedes and Renault ?And what is importing ? All the rst of goods ?I believe damage was done ages ago when China started poluting Europe and rest of the world with cheap stuff .......I'd rather trust charts then fundamentals and politics as I do not understand the latter that well , and charts ugest EUR will reach above 1.40 some time this year ......Draghi should have acted time ago , now might be too late , no ?
  • #895,830
  • May 8, 2014 12:51am May 8, 2014 12:51am
Quoting Ill-b-back
{quote} It's hard to compete against Yellen and her theoretical open book also. She is sending quite a clear message to the market that accommodation is around for a while and interesting to see even the Fed acknowledge the structural flaws in the workforce. A change from Bens eternally optimistic outlook. I am curious though, with Euro +ve trade balance and US trade deficit, who needs a weaker currency the most, ie. who has the most wriggle room to keep things reasonable on that front?
Never underestimate Jannet Yellen . I remember probably 10 or 12 years ago , she was workig under Bernanke or Greenspan , gave a speech and market a turnaround for EUR/USD !They were far more volatile times but still ......
  • #895,831
  • May 8, 2014 12:53am May 8, 2014 12:53am
greener!
I think like you that he will act. He have done it before. The uestion is when he wil react?

Whatever it takes
  • #895,832
  • May 8, 2014 12:55am May 8, 2014 12:55am
The Euro (1.3913) is going under a little rectification in the wake of breaking over 1.3900 and hitting 1.3951 in this way. Keep an eye if ECB takes some venture close to 1.4000-50 yet a tear over 1.4050 might open the route to enormous upside targets.
  • #895,833
  • May 8, 2014 1:16am May 8, 2014 1:16am
Hello EUR/US

Well all set for any spikes

Got 1.39 to 1.405

Lets see what happens

Hopefully catch some of the move
  • #895,834
  • May 8, 2014 1:16am May 8, 2014 1:16am
think this latest print from germany is horrible. still the euro doesn't fall means markets positioned for draghi and will not move till they hear draghi. draghi actually may talk based on the data till last friday and except for the inflation print all data was good.
  • #895,835
  • May 8, 2014 1:20am May 8, 2014 1:20am
Quoting MarianneOslo
greener! I think like you that he will act. He have done it before. The uestion is when he wil react? Whatever it takes
We shall see, Marianne...we shall see. In my view the problem is his mandate. He doesn't have much power to decide on matters such as unemployment but he has a crucial role on price stability. As a result, a prolonged low inflation should be a call for action. He once said that the low inflation depended on temporary factors not of his concern. Recently he slightly changed his stance.
  • #895,836
  • May 8, 2014 1:33am May 8, 2014 1:33am
Quite frustrating to see all pointers bullish, and yet the damn correction isn't over yet. Today Carney, Bernanke and Yellen should really mess thing up and get us out of this:
Attached Image (click to enlarge)
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  • #895,837
  • May 8, 2014 1:46am May 8, 2014 1:46am
Quoting polbanda
{quote} Thanks And now we have maybe our target on ~1.3986 {image}
not sure about that yet……. inside bar atm, maybe the handle of the cup is due, if that is the case 3840 can be revisit…..
Wherever you go, there you are.
  • #895,838
  • May 8, 2014 1:51am May 8, 2014 1:51am
EU difficult to trade at the moment, searching for other opportunities
New voice message: Why are you calling me? If I need you, I'll call you!
  • #895,839
  • May 8, 2014 1:52am May 8, 2014 1:52am
Quoting KillerWhale
EU difficult to trade at the moment, searching for other opportunities
But going long is the best option I guess.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #895,840
  • May 8, 2014 2:12am May 8, 2014 2:12am
Bad data from Germany = Yuro up.
As usual!
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