EURUSD

Now 1.3862. what is best? long or short?

fair enough, but with this great knowledge that you have of it ALWAYS happens you must be very rich because it is a dead cert. eh!

but then again I see you trade explorer with 27% drawn down from EU sells in the 1.27 area and wonder wtf went wrong.....


my interest is not a pissing match but simply pointing out that your claim of ALWAYS is misleading and incorrect

I will leave you in peace

EM ripping higher. moar free money.

The USD is rising like a phoenix!

Yes and you having 20 years of experience would also mean that you have more money then warren buffet; huh.

EURJPY breaks 141 with poise. Oomph. Hasn't filtered to EURUSD due to generic JPY bids vs. USD/most DM countries.

Nice thoughts!

thats scary

Yes well even with a 27% drawdown, it doesn't change the fact that I am well in the green, with no margin call since the account was opened, and mixed scalping to continue the growth of the account. I am pretty sure I have out preformed your 20 years of experience over the last 16 months of trading.

are we going to february lows...hope so

Based on the trading tendencies which we have had the last 2 weeks on pairs which have dropped below its S3 daily support. I would reckon that EU will make a run to the S3, accumulate, and drop another 20-50 pips below. NZD/USD did the same exact thing.

Glad you agree with me and the other person. I used to post a lot more on this forum but just scroll through quickly as I learned that my focus is better spent just watching the charts.

I do admit there are a few on here that do know what they are talking about but use this information to double check my trading decisions. Its a shame so many are here to berate or brag (especially when trading is going against you and trying to let off some steam), but there really isn't any need. But this is a forum and right to say whatever you want.

And my point is its quotes like this, which I ask does it do anybody any good. ScalpLikeMe does this actually help you in your trading making these types of statements?

Looks alot like lat dec 2013 set up. If we break 1.3800 and that trendline could be seeing lower levels. my sights are set up june 18th fomc, yellen will have to take her head out the sand and actually admit the economy is doing well. New rates projections will probably put fed funds at 1.25% or higher by 2015 end. (up from 1.00% last in the projections)

Long EA @ 1.47833

Heading into the (orange) gap....oh well hello again.
Long from here...should go over the gap, which can be a good support after...
Take care!

Even if it wants to go lower, should visit ~1.38950 imo. (it's under every common fibo levels)

from FOREXCRUNCH:

takeaways from ECB press conference

Highlights

1. Limited downside and upside risks to inflation
2. EUR/USD rises
3. Repeats pledge for low rates and unanimous will to use non conventional tools
4. Mentions geopolitical risks and exchange rate, like in April
5. Stronger euro is a cause for serious concern on the background of low inflation.
6. And then came the bomb: Governing council ready to act next month, data dependent. EUR/USD crashes.

Live Blog

1. 12:15 GMT. Press conference begins at 12:30. All times are GMT.
2. 12:15 You can watch the press conference here.
3. 12:15 At the same time, the US releases weekly jobless claims. They are expected to drop from 344K to 328K.
4. 12:15 The cycle high of 1.3966 is very close. 1.40 is the clear resistance line, followed by 1.4115. Support is at 1.3894. For more levels, see the EUR/USD forecast.
5. 12:17 Following the “no change” announcement, the euro went higher but did not break the cycle high.
6. 12:21 Draghi has talked down the euro several times, but his success rate is diminishing.
7. 12:23 In order to have success, he will probably have to lay down a heavy hint about a move in June unless we have an improvement. The ECB published updated forecasts every 3 months. The next one is in June.
8. 12:25 The “Easter effect” indeed happened: inflation picked up between March and April, but it still remains low.
9. 12:27 A move of EUR/USD above 1.40 cannot be ruled out if Draghi’s language is not convincing. Note that this level is closely watched, meaning that a move could result in a false break at first.
10. 12:29 Mario Draghi is in the house.
11. 12:30 The economic recovery continues as expected.
12. 12:30 Draghi sees only gradual rise in inflation.
13. 12:31 Will watch markets very closely.
14. 12:32 Draghi repeats pledge to use non conventional tools to combat lowflation.
15. 12:33 More forecasts will be published in June.
16. 12:34 Nothing new – EUR/USD breaks and peaks so far at 1.3987
17. 12:3 Draghi mentions geo-political risks, like last time. Other downside risks are low domestic demand and not enough reforms and weak export growth.
18. 12:34 HICP went up, mentions Draghi, citing the Easter effect.
19. 12:35 Limited upside and downside risks to inflation. This is a key phrase
20. 12:38 EUR/USD touches 1.3990.
21. 12:39 Strengthening of resilience of banks is needed.
22. 12:40 Prolonged period of lowflation expected.
23. 12:41 Subdued underlying price pressure in the EZ
24. 12:42 Debt to GDP ratios should stabilize. Countries should not undermine progress. Reforms are needed for more growth, improve adjustment capacity and reduce unemployment.
25. 12:43 Questions begin
26. 12:43 Question about unconventional tools: what is a long period of low inflation?
27. 12:44 The answer refers to inflation expectations and the danger of de-anchoring.
28. 12:45 Draghi is cynical to criticism.
29. 12:46 A question about the exchange rate:
30. 12:47 A: We had a discussion on the exchange rate” which is important for price stability and growth. Stronger euro is a cause for serious concern.
31. 12:48 The recovery is proceeding at a slow pace. There are downward risks.
32. 12:49 EUR/USD weakens to 1.3970 after Draghi does express concern on euro strength.
33. 12:50 Lower energy and food prices responsible for 80% of lower inflation.
34. 12:51 The exchange rate is also responsible, together with the weak economy.
35. 12:52 There is a lag between credit flow and the economies.
36. 12:53 “We discussed the exchange rate”.
37. 12:54 “We are comfortable with acting next time” but this depends on the data. EUR/USD fallsto 1.3930.
38. 12:55 EUR/USD dips below 1.39
39. 12:59 There was not a decision today, but we are getting ready to act.
40. 13:00 We are not resigned to accept low inflation for too long.
41. 13:01 The ECB seems determined to act.
42. 13:02 The concern will have to be addressed (exchange rate).
43. 13:04 EUR/USD remains around 1.39.
44. 13:06 It’s hard not to suspect that this heavy hint is part of a tactic to talk down the euro and that the threat to act is just a small version of the OMT: presenting a big bazooka that makes real action unnecessary.
45. 13:08 The euro strength is a “serious concern for price stability”
46. 13:07 We cannot rest on the memories of past achievements.
47. 13:08 Inflation is depressed.
48. 13:09 Draghi acknowledges the contribution of external flows to the strength of the euro.
49. 13:10 Question about money in Cyprus. No real answer from Draghi.
50. 13:12 EUR/USD dips below support at 1.3894.
51. 13:13 Looking back at history of deficits, Draghi names the zone’s biggest countries: Germany, France and Italy.
52. 13:15 Is this the end of the era when we never pre-commit? It ended a long time ago.
53. 13:16 Italy has commitments.
54. 13:17 Was there a discussion about a bridge decision before June?
55. 13:18 All instruments have been discussed.
56. 13:19 The geo-political crisis is a foreign policy crisis, not out area.
57. 13:21 EUR/USD dips below 1.3880.
58. 13:22 Future lies with more integration.
59. 13:23 Press conference ends.

Looking only at EUR/USD price, we got a test of resistance that resulted in a rejection and strong move to the other direction.

I'm rephrasing ur comment: If you make any type of investment, then you are a gambler. A businessman is defined by risking money.

Go & learn forex before making such statement.
BTW, don't forget to check my sig