EURUSD | Page 44945 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #898,881
  • May 18, 2014 11:16am May 18, 2014 11:16am
Quoting Vachus
{quote} He told u that privately by an email or sms, or when u were spending time together in a european hotel ?! If u have a public reference to a " the euro is too high" by all means share
Hi Vachus
This is older post I posted earlier on different thread.

German Investor Confidence Falls for Fourth Month in April Worth reading if you have EU trade " In the euro area, the European Central Bank has warned that the single currency’s almost 6 percent gain against the dollar in the past year undermines price stability. Inflation (ECCPEST) in the 18-nation bloc was 0.5 percent in March, about a quarter of the central bank’s goal of just under 2 percent. ECB President Mario Draghi has said there is “unanimous” support among policy makers for unconventional measures to shore up inflation if needed, and hinted that further currency gains could prompt action."



As ECB president he can't directly say point blank but its obvious low inflation with high currency is not desired.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #898,882
  • May 18, 2014 11:27am May 18, 2014 11:27am
Quoting amikaking
{quote} i like your comment singapore neighbourhood, btw i'm from malaysia clean chart should be keep as simple as k.i.s.s. happy trading for Monday tomorrow
by saying what he said it's Draghi who took control of EURUSD not buyers or sellers...it can take any direction from here but bias remains bearish for the time being as charts say so...the open should be also bearish as price action on Friday was pointing there...COT report also indicates there weren't any buyers last week, only sellers....however we are yet to see any decent reaction from bulls....I believe we are headed to 1.4 and beyond after next ECB meeting...I expect limited downside (max 13580) or consolidation at these levels.
  • #898,883
  • May 18, 2014 11:28am May 18, 2014 11:28am
Quoting Vachus
{quote} He told u that privately by an email or sms, or when u were spending time together in a european hotel ?! If u have a public reference to a " the euro is too high" by all means share

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #898,884
  • May 18, 2014 11:28am May 18, 2014 11:28am
Quoting gatorinla
i personally want 50% or more, to increase my odds if it is just a retrace. the further from that new h/l w/o breaking the last/ s/r.. so from 50/100% i look to enter in the direction of that particular trend... other tricks in the basket too.. if one is successful with indis, if they add this for entry they will do better with smaller loses and larger winners
Thank you. I will look out for them....

To follow up on the EA, I've got a mid 6376 (with 6939/5813), you 6367. Maybe I've got a different, wrong set?
Fail better.
  • #898,885
  • May 18, 2014 11:46am May 18, 2014 11:46am
hi whoswaiting for fill the order from february lows?only me?I FELL ALONE WITH THIS SHT
  • #898,886
  • May 18, 2014 12:14pm May 18, 2014 12:14pm
Quoting tankokjian
{quote} keep charts k.i.s.s , just buy low sell high. yes towards third week we'll see , so far no easing confirmation yet of any kind. 300 pips for just talking is something, yes easing will be done but when everyones not watching. accumulate and manipulate ? just taking profits at the 200ema , thats why consolidation. PA need to clear buyers there first before dipping for second wave. look at UJ , seems like doing a second drop. UJ n EU mostly opp direction.
yes you said it, which is why as price starts to travel upwards again I will start to short and when price dips down more I will buy more. Trading is so easy!
All posts are my personal opinion
  • #898,887
  • May 18, 2014 12:44pm May 18, 2014 12:44pm
Quoting classy
{quote} now what you think????????????????
What was wrong with that? ... that WAS BEFORE 1.3999 ... so 1.3972-1.4043 zone hitted ...

I don't know that do you was trying to say ... from a comment about 3 weeks AGO ...
  • #898,888
  • May 18, 2014 2:14pm May 18, 2014 2:14pm
Quoting Davit
{quote} As ECB president he can't directly say point blank but its obvious low inflation with high currency is not desired. Regards
Davit, Did Mario Draghi said explicitly and without any room for misinterpretation that the Euro is too high?! ... Yes, or No ?!
"It's the Margin, Stupid."
  • #898,889
  • May 18, 2014 2:15pm May 18, 2014 2:15pm
Quoting Magix
{quote}
You never know, maybe he told him that privately...
"It's the Margin, Stupid."
  • #898,890
  • May 18, 2014 2:19pm May 18, 2014 2:19pm
Quoting Vachus
{quote} Davit, Did Mario Draghi said explicitly and without any room for misinterpretation that the Euro is too high?! ... Yes, or No ?!
Actually, he said so.....

A lot of people from ECB said that the euro was raising too fast in the last months...
Buy at the Low, Sell at the High You make money by waiting not by trading.
  • #898,891
  • May 18, 2014 2:21pm May 18, 2014 2:21pm
Quoting Lacunoide
{quote} Actually, he said so..... A lot of people from ECB said that the euro was raising too fast in the last months...
Super, the source please and official one ... ( Bloomberg, reuters or any news article is not a source)
* I do not care about any ECB member, either you bring a Draghi statement or the ECB.
"It's the Margin, Stupid."
  • #898,892
  • May 18, 2014 2:23pm May 18, 2014 2:23pm
Quoting Vachus
{quote} Super, the source please and official one ... ( Bloomberg, reuters or any news article is not a source)
LOL, well, google?
Buy at the Low, Sell at the High You make money by waiting not by trading.
  • #898,893
  • May 18, 2014 2:24pm May 18, 2014 2:24pm
Quoting Vachus
{quote} Super, the source please and official one ... ( Bloomberg, reuters or any news article is not a source) * I do not care about any ECB member, either you bring a Draghi statement or the ECB.

ECB’s Draghi says any worsening of inflation outlook may lead to asset buying
April 24th, 2014 09:03:46 GMT

http://www.forexlive.com/blog/2014/0...-asset-buying/
Buy at the Low, Sell at the High You make money by waiting not by trading.
  • #898,894
  • May 18, 2014 2:25pm May 18, 2014 2:25pm
Quoting Lacunoide
{quote} LOL, well, google?
You said " actually he did " ... where is the fucking official source ?! Or where you too, with Gator in a European hotel?!
"It's the Margin, Stupid."
  • #898,895
  • May 18, 2014 2:28pm May 18, 2014 2:28pm
Quoting Vachus
{quote} You said " actually he did " ... where is the fucking official source ?! Or where you too, with Gator in a European hotel?!

This is the ECB site :
http://www.ecb.europa.eu/press/key/d...140424.en.html


With our forward guidance, we aim to give guidance on the expected level of future interest rates, and to remove uncertainty about that level by strengthening communication on our reaction function. We have also further simplified our reaction function by laying out some contingencies that would warrant a monetary policy reaction. These are, first, an unwarranted tightening of monetary policy stance (from developments in short-term money markets, global bond markets or foreign exchange markets) that could be tackled through more conventional measures. Second, a further impairment in the transmission of our stance, in particular via the bank lending channel, for which a targeted LTRO or an ABS purchase programme might be the right response. Third, a worsening of the medium-term outlook for inflation, which would warrant a more broad-based asset purchase programme. The Governing Council is committed – unanimously – to using both unconventional and conventional instruments to deal effectively with the risks of a too prolonged period of low inflation.


It looks pretty clear to me....

asset purchase programme = weaker euro
Buy at the Low, Sell at the High You make money by waiting not by trading.
  • #898,896
  • May 18, 2014 2:31pm May 18, 2014 2:31pm
Quoting Lacunoide
{quote} It looks pretty clear to me....
Good, can you bold the sentence where he said " The exchange rate is too high/ uncomfortable high/ we gonna fuck the Euro"?
"It's the Margin, Stupid."
  • #898,897
  • May 18, 2014 2:35pm May 18, 2014 2:35pm
Quoting Vachus
{quote} Good, can you bold the sentence where he said " The exchange rate is too high/ uncomfortable high/ we gonna fuck the Euro"?
Well, he never said that directly, i cannot provide that quote!!!

Anyway, we are going to see if it is for real.... at the next ECB meeting....


We only need to wait!

If they don't do nothing it can go to the moon! 1.50 for sure!
Buy at the Low, Sell at the High You make money by waiting not by trading.
  • #898,898
  • May 18, 2014 2:37pm May 18, 2014 2:37pm
Quoting Lacunoide
{quote} Well, he never said that directly, i cannot provide that quote!!! !
Ah, see what happens when you read the official sources ? Nothing is there ... Thank you
"It's the Margin, Stupid."
  • #898,899
  • May 18, 2014 2:41pm May 18, 2014 2:41pm
Quoting Vachus
{quote} Ah, see what happens when you read the official sources ? Nothing is there ... Thank you
He said the euro strength of great concern. And was helping to keep inflation low. His only reference to value was it has appreciated 10% since mid 2012
  • #898,900
  • May 18, 2014 2:45pm May 18, 2014 2:45pm
Quoting MaxDoom
{quote} He said the euro strength of great concern. And was helping to keep inflation low. His only reference to value was it has appreciated 10% since mid 2012
This totally a different story, the sentence is conditioned and could be " for your own information". He also later own, downplayed the same sentence by saying a an exchange rate depreciation by 10% will help inflation to rise 40 basis points, while energy and food prices are the ones responsible for 80% or slightly less for the low inflation since 2010. Which means, if tomorrow monring the EURUSD trading at 1.20- inflation rate will not print above 1% .. not far away of current reading!

To say " Something is too high" indicates a policy action, to say it's a concern or great concern - so what?!
"It's the Margin, Stupid."
456 traders viewing now