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  • #897,501
  • May 13, 2014 10:51pm May 13, 2014 10:51pm
Quoting Chicky
{quote} But I have decided to go short from 1.3778

Quoting Chicky
{quote} 1.3712 will be the right place for a long. The next two levels are: 1.3500 and 1.3400. You may like not to risk more than what needs to be. You already know first few hours of a new week can take it anywhere hitting sls.


Lets' see if 1.3712 becomes a support for now.
The Thief of Wall Street
  • #897,502
  • May 13, 2014 11:01pm May 13, 2014 11:01pm
from live newlines feeds:

- EU'S BARROSO SAYS ENERGY SHOULD NOT BE USED AS A POLITICAL WEAPON

- The euro faces other hurdles this week when the euro zone on Thursday will publish how area growth fared in the first quarter and the final print of inflation for the month of April is due

- the euro should have a heightened sensitivity to any news or data that strengthen an already good case for bolder central bank stimulus next month, as it would highlight the starkly different paths for monetary policy over there compared to the U.S. and Britain .

- The euro dropped to its lowest point against the dollar in a month Tuesday, after Germany's central bank was said to be willing to back stimulus measures from the European Central Bank .
The Bundesbank is prepared to support a negative rate on bank deposits and purchases of packaged bank loans if needed to fight extremely low inflation in the euro zone, The Wall Street Journal reported, citing a person familiar with the matter. Investors interpreted the comments as a signal that the German central bank will go along with the ECB's policy easing in June, which would weigh on the euro.

- "There is a lot of confusion this morning about what the Bundesbank comments actually mean," said Peter Dixon , an economist at Commerzbank . Traders are concerned that the market could be lining up for another disappointment, he said. For much of this year, investors have prepared for a steep drop in the euro, which hasn't materialized.

- Investors are beginning to see attractive levels in U.S. Treasurys as a reason to buy the dollar and sell the yen, said Daniel Brehon , a strategist at Deutsche Bank . The 10-year note is trading near the bottom of its range at a yield of 2.60%, Mr. Brehon said. If U.S. yields are due to rise, that would encourage investors to pull capital from Japanese assets and into assets denominated in dollars, as they would see higher returns from U.S. bonds.

- The Federal Reserve warned it may need to take additional action to rein in banks' funding of corporate takeovers after observing continued deterioration of lending standards this year.

Also, there are other concepts at play.
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  • #897,503
  • May 13, 2014 11:06pm May 13, 2014 11:06pm
Here's my analysis,

It seems that price's still ranging between stripped green line and yellow line.

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  • #897,504
  • May 13, 2014 11:07pm May 13, 2014 11:07pm
Looking toward 1.3745 for first level to increase shorts significantly. Hoping to see 1.3790 to really scale up.
Twitter: @TrendersGame
  • #897,505
  • May 14, 2014 12:13am May 14, 2014 12:13am
Quoting Chicky
Ladies, Gentlemen, Ladyboys, Boyladies and no matter who else you are! We are entering into a phase of massive correction. Take your positions now and live happily everafter. . If you want to bet on today's reseve currency, goodluck.
I know this is a given seeing the things Russia, China and the whole BRIC block is trying to have a different currency swap so on that soon tm.
The flip side is while its about 100% sure that the world reserve standard of the dollar goes away its just a matter of when. Whether that's 2015 or 2020 is still unclear on that time frame cause nobody here has a glass bowl and magic foresight of when the dollar bonds will collapse if certain nations stop settling payments in the petro and gold dollar. So yah on the long term its great to go eur/usd long but for intra days and oh yah COUGH DRAGHI Bear ya cant just go flat out long on this pair. At the most basic level buying the dips will work right now.
Past glory means nothing on the battlefield
  • #897,506
  • May 14, 2014 12:15am May 14, 2014 12:15am
Quoting Citiboy
Looking toward 1.3745 for first level to increase shorts significantly. Hoping to see 1.3790 to really scale up.
Currently i have two long positions for same target.
Love for all; Hatred for none.
  • #897,507
  • May 14, 2014 12:32am May 14, 2014 12:32am
Quoting aahmad29
{quote} Currently i have two long positions for same target.
Same here..
looking good so far..
  • #897,508
  • May 14, 2014 12:56am May 14, 2014 12:56am
Bought DOW , 16724.
  • #897,509
  • May 14, 2014 1:00am May 14, 2014 1:00am
The Euro (1.3716) has broken beneath the vital 1.3735 help level and can decrease further towards 1.3625.
  • #897,510
  • May 14, 2014 1:07am May 14, 2014 1:07am
Quoting CommexFX
The Euro (1.3716) has broken beneath the vital 1.3735 help level and can decrease further towards 1.3625.
I doubt it will go bellow 3660 today .Maybe tomorrow ?
  • #897,511
  • May 14, 2014 1:21am May 14, 2014 1:21am
The euro must go down. We saw it even more clearly yday how the german Zew ecpecteation is declining four month in a row. The deutche bundesbank said yday that they will support this and a rate reduction to cure the deflation tendency in the euro sone.

Shortly i think the euro will go up due to the other markets espesially Asia who have a higher value of their euro before the decline.

On the other hand one can ask abouth the future of the USD

http://www.zerohedge.com/news/2014-0...ilateral-trade
  • #897,512
  • May 14, 2014 1:31am May 14, 2014 1:31am
Quoting yanitsa
Bought DOW , 16724.
this is what i call classic retail foolishness. u buy at the tops and u sell at the bottom and then you cry when it goes against you.
  • #897,513
  • May 14, 2014 1:32am May 14, 2014 1:32am
Quoting Chicky
{quote} You seem to be very smart. I am not kidding. What you said is really something that many probably wont understand. I do because I am exceptional. Just one question: Whats your Timeframe for a trend?
are you sure he is smart or extra smart?
  • #897,514
  • May 14, 2014 1:35am May 14, 2014 1:35am
Quoting diggo
Trying a long scalp. We have a potential 150 pip bounce. Long 3702 SL 3696.5 Offering 5.5 pips for a potential 150 pips r/r 1:27
lol. why so??? is it bcoz we had a 300 pip fall.
  • #897,515
  • May 14, 2014 1:35am May 14, 2014 1:35am
we might see a correction of the downtrend
up to 3840
THE CHANNELER
  • #897,516
  • May 14, 2014 1:38am May 14, 2014 1:38am
Quoting giveachance
{quote} this is what i call classic retail foolishness. u buy at the tops and u sell at the bottom and then you cry when it goes against you.
LOL .Thanks !On the crying part You are wrong though ......
  • #897,517
  • May 14, 2014 1:41am May 14, 2014 1:41am
Quoting BogiFX
Guys what happened to ruffryders ?I see he lost he red falg.Does he left FF too ? {image}
  • #897,518
  • May 14, 2014 2:12am May 14, 2014 2:12am
Quoting DNTme
Hey fellow traders Im long euro trying to scalp some pips been very busy lately with a real estate project back to trading now good to see old faces and new ones too {image}
Just closed all
time to sleep
fokyou forexfactory
  • #897,519
  • May 14, 2014 2:21am May 14, 2014 2:21am
The are some reasons why the euro will go up shortly 1,3915?


The Asian and USA markets have to high value of the euro and have intersts in getting it hgher.
We saw a3 % decline in the euro. It will retrace.
The market is still to test the ECB.(will he do anything in june)

In the long run it will decline due to fundamential reasons. It must go down. Europes big problems are not solved at all.

The fundamental will win in the end.


Quoting MarianneOslo
I try long 1,3702 It is the fourth time it is testing 1,37 but looks like less volume now ad less agrresivve than earlier today So will se if it holds.
  • #897,520
  • May 14, 2014 2:32am May 14, 2014 2:32am
Quoting MarianneOslo
The are some reasons why the euro will go up shortly 1,3915? The Asian and USA markets have to high value of the euro and have intersts in getting it hgher. We saw a3 % decline in the euro. It will retrace. The market is still to test the ECB.(will he do anything in june) In the long run it will decline due to fundamential reasons. It must go down. Europes big problems are not solved at all. The fundamental will win in the end.
I'm not a great fundamental analyzer but i would think and please correct me if i am wrong that over the long term it would be in the US favor to have a depreciated dollar rather than a strong one in order to cope with their what is it... $14 Trillion debt or more. So personally, as i said in the long term maybe 3-5 years time we could even have a rate well above 1.5 rather than what most think or have been saying that we are more likely to go to parity, i am of the the other opinion and i remember Merkel saying that 1.3/1.4 is good for the Euro.

For me it all comes down to Supply and Demand, there are far more dollars floating around than there are Euros, so just based on that the demand for Euros is most likely to be higher than that for dollars???

Anyhow, in 10 years time it will be the emerging markets that will be taking over and if/when this happens its a matter of who will lose out more USA or Europe, as per current figures it would be Europe but at the same time US$ might not even be the reserve currency anymore.

Criticism welcome and feedback
Cheers!!
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