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  • #901,001
  • May 27, 2014 12:49pm May 27, 2014 12:49pm
Quoting PROredart
{quote} What's your EURUSD overview with this event?
Draghi will describe in detail tools to fight low inflation and unemployment while indicating measures to be taken in ST including joint program with BOE for targeted ABS purchases in support of banks...it should be obviously EUR positive. However, all this stuff was already anticipated today. If PA sticks with current levels with no major drop below 13580 in the next few days, I would expect 13680 and then 13767-811 by Friday. In the meantime anything is possible
  • #901,002
  • May 27, 2014 1:00pm May 27, 2014 1:00pm
Quoting Greener
{quote} Draghi will describe in detail tools to fight low inflation and unemployment while indicating measures to be taken in ST including joint program with BOE for targeted ABS purchases in support of banks...it should be obviously EUR positive. However, all this stuff was already anticipated today. If PA sticks with current levels with no major drop below 13580 in the next few days, I would expect 13680 and then 13767-811 by Friday. In the meantime anything is possible

Why will it be obviously positive for the EUR? He may cut the rates again, which would have a negative effect. He may announce large quantitative easing, which would push it down. Obviously Draghi will want to put in place measures he thinks will improve things for the EU, but that doesn't mean they will, or that the markets think they will.

Think if the plan is for EURUSD to go up, we need to get above 1.3668 tomorrow. Little bit of short timeframe buying at the moment, so we'll see.
  • #901,003
  • May 27, 2014 1:02pm May 27, 2014 1:02pm
The US dollar strengthen against most pairs on the pro-dollar news. Core duable goods comes much stronger than expected and CB Consumer sentiment was higher too.
Draghi did mention that countries should do more to create more growth, and of coz looking if there's any hint to the next policy meeting.
Mentioned at the start of the week that the EURUSD will retest 1.3650 – 1.3670 level and it indeed come to past. However, there’s a slight change in view towards EURUSD, given that the bears is getting weaker in H4 and H1, signalling a potential correction within this week and probably back to previous high level (1.3670).
I will still maintain my short view but amended TP1 to get out earlier.

heres my reasoning: http://alternateforexiew.wordpress.c...ad-whats-next/
Knowledge is powerful tool that we can ever have.
  • #901,004
  • May 27, 2014 1:03pm May 27, 2014 1:03pm
Quoting SupraSense
{quote} I found that if you short eurusd while Mario Draghi has his mouth open on tv, you have a 73% win ratio and winners are larger than losers
yes your right
  • #901,005
  • May 27, 2014 1:05pm May 27, 2014 1:05pm
Quoting Greener
{quote} Draghi will describe in detail tools to fight low inflation and unemployment while indicating measures to be taken in ST including joint program with BOE for targeted ABS purchases in support of banks...it should be obviously EUR positive. However, all this stuff was already anticipated today. If PA sticks with current levels with no major drop below 13580 in the next few days, I would expect 13680 and then 13767-811 by Friday. In the meantime anything is possible
Thank you!
PROredart is not PRO trader
  • #901,006
  • May 27, 2014 1:08pm May 27, 2014 1:08pm
Quoting SupraSense
{quote} Why will it be obviously positive for the EUR? He may cut the rates again, which would have a negative effect. He may announce large quantitative easing, which would push it down. Obviously Draghi will want to put in place measures he thinks will improve things for the EU, but that doesn't mean they will, or that the markets think they will.
my assumption is that a rate cut is already priced in EURUSD so as we approach the 5th of June...chances for disappointment over no rate cuts or limited reaction to a possible rate cut increase. This is basic stuff. Next Friday is the 30th of May.
  • #901,007
  • May 27, 2014 1:12pm May 27, 2014 1:12pm
Quoting Greener
{quote} my assumption is that a rate cut is already priced in EURUSD so as we approach the 5th of June...chances for disappointment over no rate cuts or limited reaction to a possible rate cut increase. This is basic stuff. Next Friday is the 30th of May.
Yes that makes sense. I'd still expect to see more buying taking place tomorrow or tonight to support that view.
  • #901,008
  • May 27, 2014 1:36pm May 27, 2014 1:36pm
Quoting PROredart
EURUSD M15 At the moment price is below than daily S1, I bought at 1.3616 {image}
+17pips
PROredart is not PRO trader
  • #901,009
  • May 27, 2014 1:37pm May 27, 2014 1:37pm
Quoting rikusks
The US dollar strengthen against most pairs on the pro-dollar news. Core duable goods comes much stronger than expected and CB Consumer sentiment was higher too. /
For what is worth, today Goldman Sachs revised down its H2 US GDP forecast by 25 basis points on the grounds of durable goods. You need to look at the core data which is less flattering than the overall result. In my view that could also hint at a much higher exchange rate than the current one. Now Carney is due to speak in the next few mins. It would be interesting to see if he mentions the joint program with ECB.
  • #901,010
  • May 27, 2014 1:45pm May 27, 2014 1:45pm
Quoting gatorinla
{quote} no need being aligned with me. i am still looking for 3684.. that little bear wanted 3607.. i am long off that 13 mid.. but not comfortable atm.. if she does make the HH i may have already closed longs and wait to reload at/near 3640... still early, even on a perfect move i am 2 moves ahead of anticipation.
i am planning for the above.. if i am wrong, bears may step in at 3640ish for a counter move. one cant ignore the LL today. i kinda jumped the gun anticipating 3684. (then 3724 with a HH) my long is green now with profit locked. the HH needs to be made first. 3640 should be important for bears or bulls
those who can, do. those who cant, talk about those who can
  • #901,011
  • May 27, 2014 1:47pm May 27, 2014 1:47pm
Have a long at 1.3628 from yesterday aiming for 1.37264, S/L 1.36020

Another one from the same spot, I will see what to do with it.
Visit my Drumming & Percussion Blog - DrumsCult com
  • #901,012
  • May 27, 2014 2:01pm May 27, 2014 2:01pm
Quoting gatorinla
{quote} i am planning for the above.. if i am wrong, bears may step in at 3640ish for a counter move. one cant ignore the LL today. i kinda jumped the gun anticipating 3684. (then 3724 with a HH) my long is green now with profit locked. the HH needs to be made first. 3640 should be important for bears or bulls
I am in from 3625
  • #901,013
  • May 27, 2014 2:05pm May 27, 2014 2:05pm
Quoting ill_be_back
Long GU 1.67843 SL 167793
Out @ 1.6811
A good trader follows his rules, but great trader knows when to break them
  • #901,014
  • May 27, 2014 2:07pm May 27, 2014 2:07pm
YEAHH! Now let the long swash buckler party begin!
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All posts are my personal opinion
  • #901,015
  • May 27, 2014 2:10pm May 27, 2014 2:10pm
look like sharks like the longer from kfc
  • #901,016
  • May 27, 2014 2:14pm May 27, 2014 2:14pm
flat eu..
those who can, do. those who cant, talk about those who can
  • #901,017
  • May 27, 2014 2:42pm May 27, 2014 2:42pm
OMG my long got stopped at BE and still no signs of an uptrend... plus in the big picture of things, daily 200 EMA and weekly down trendline rejected the last up move.. My guess is that its time (for me) to start building shorts in a higher timeframe trading POV, 1.35 is more likely to happen at this point.
K.I.S.S.
  • #901,018
  • May 27, 2014 3:17pm May 27, 2014 3:17pm
ongoing EU summit in Brussels with all 28 member states. France, UK and Italy all pushing for radical changes...we should know more by tomorrow
  • #901,019
  • May 27, 2014 3:47pm May 27, 2014 3:47pm
Hi Gatorinla, can you tell me what do you think about EU direction from now up until tomorrow's London open?
Thank you
  • #901,020
  • May 27, 2014 4:07pm May 27, 2014 4:07pm
Quoting lolipop
look like sharks like the longer from kfc
All posts are my personal opinion
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