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  • #902,001
  • Jun 2, 2014 5:11am Jun 2, 2014 5:11am
Quoting milam
{quote} Is this a new bar (wine)..?
Most probably. I will close my buy there at 3680
  • #902,002
  • Jun 2, 2014 5:12am Jun 2, 2014 5:12am
Quoting Magicmen
{quote} Most probably. I will close my buy there at 3680
good decision, same here target is 1.3678
  • #902,003
  • Jun 2, 2014 5:17am Jun 2, 2014 5:17am
Hello everyone, i will close my long position at 1.3690 also and after this i expect more up, to 1.3740.

We will see what ISM Manufacturing today and other data this week...
  • #902,004
  • Jun 2, 2014 5:21am Jun 2, 2014 5:21am
Quoting PROredart
{quote} Which platform is this? I think it's now MT4 or MT5.
Oanda
Wherever you go, there you are.
  • #902,005
  • Jun 2, 2014 5:23am Jun 2, 2014 5:23am
Quoting Magicmen
{quote} Most probably. I will close my buy there at 3680
ok.......I was making a joke.....you said: I meet you @ 3680, sounds like the name of a club.
Wherever you go, there you are.
  • #902,006
  • Edited 5:49am Jun 2, 2014 5:26am | Edited 5:49am
Quoting Blajda
Hello everyone, i will close my long position at 1.3690 also and after this i expect more up, to 1.3740. We will see what ISM Manufacturing today and other data this week...

Looks to be quite a few traders here today going long. I really cant see this pair going any higher than the 1.3650 from last week and even that level seems unlikely.
In my view we might see 1.3630 again today but I feel the lower side below 1.3590 is more likely with some good USA PMI data.
"Don't get caught trading wheat in the corn pit"
  • #902,007
  • Jun 2, 2014 6:02am Jun 2, 2014 6:02am
From a penny for your thoughts today:

Speaking of the euro.. A trader friend of ours at Morgan Stanley sent me a note the other day, and their research team had put together a chart/ table, of the policy instruments available to the ECB, and the potential impact, and effect on the euro. The table pretty much plays out the way I've explained to you how I felt things would go for the euro. For those of you who missed class that day, I said that as long as the ECB kept the stimulus to negative deposit rates, the hit on the euro would be minimal, and maybe even positive, as this has already been priced in. So, Morgan Stanley believes that if the ECB does just cut the deposit rate and not mention euro strength, the euro could rise to 1.37. But any of the other stimulus measures would send the euro to the woodshed. And a large bond buying program would knock the stuffing out of the euro all the way to 1.28. So. as you can see, even the large firms with their large research divisions, come up with the same stuff that I do, on my own!


I have noe clue of the direction before the ECB. In long term I think the USD will go down but at the moment I am trading the euro up and think the euro will up before further down. Anyway I am taking no risk of eighter direction

In meantime I am taking som pips buy 1,36 sell 1,3617
  • #902,008
  • Jun 2, 2014 6:17am Jun 2, 2014 6:17am
One thing we do know is that low inflation is a tough beast to turn around. Once it sets in and takes hold of an economy it may be many years before a recovery is seen. Japan battled low inflation and even deflation from the late 1990's until a year or so ago. I think the ECB is very mindful of what happened in Japan.
"Don't get caught trading wheat in the corn pit"
  • #902,009
  • Jun 2, 2014 6:31am Jun 2, 2014 6:31am
End of Global Money Printing Cycle is Near- http://trendersgame.com/2014/06/02/t...cycle-is-near/
Twitter: @TrendersGame
  • #902,010
  • Jun 2, 2014 6:34am Jun 2, 2014 6:34am
USD Is on fire vs high yielding currencies...look at CAD and ZAR
Twitter: @TrendersGame
  • #902,011
  • Jun 2, 2014 6:35am Jun 2, 2014 6:35am
Quoting gatorinla
looks pretty bearish atm . the st bears got 3640 friday, atm bulls want 3605 ish. if they are going to bounce it to attempt 366x
it went deeper then 3605, but held the low. atm nothing but drifting. the intraday day could allow 3610/05 ish for bulls to still bounce this. the st bears already did what was normally needed to get a new low friday. i still think its easier said then done. friday the bulls did the first st bull since 3992. the bears and bulls wanted 3640. 3661 is still the close needed for bulls. the st bull set up is for 3666. nothing but drift until we break one. the st bear break points to 355x, but this is below 3561. thats why i said easier said then done w/o 3777 before. a break of 3669 and the bulls are sighting 370x.. closer to normal
those who can, do. those who cant, talk about those who can
  • #902,012
  • Jun 2, 2014 6:43am Jun 2, 2014 6:43am
This bear looks too much noisy.
Can't figure out if it will consolidate for strength or will keep down with weak force stubbornly. I don't think any Euro bear favor ECB decision will help bear that much without consolidation.
You cannot learn better without losing
  • #902,013
  • Jun 2, 2014 7:00am Jun 2, 2014 7:00am
Quoting MarianneOslo
From a penny for your thoughts today: Speaking of the euro.. A trader friend of ours at Morgan Stanley sent me a note the other day, and their research team had put together a chart/ table, of the policy instruments available to the ECB, and the potential impact, and effect on the euro. The table pretty much plays out the way I've explained to you how I felt things would go for the euro. For those of you who missed class that day, I said that as long as the ECB kept the stimulus to negative deposit rates, the hit on the euro would be minimal, and...
I think the fact that there is a obvious speculation and fear that ECB will not deliver or not surprise would imply that any light ECB action will have indeed have a lower euro reaction. Anti-ECB easing trade is not as less crowed as these guys at Morgan Stanley think.
  • #902,014
  • Jun 2, 2014 7:09am Jun 2, 2014 7:09am
I went in long for EUR/USD and shorted USD/JPY right after the PMI figures missed targets.
  • #902,015
  • Jun 2, 2014 7:31am Jun 2, 2014 7:31am
Double bottom at whole level 1.3600. Area between 1.3600 and EMA200-H1 is undecided area so there is no trade from me. If PA clearly breaks the EMA200 resistance then i can proceed for long.
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Love for all; Hatred for none.
  • #902,016
  • Jun 2, 2014 7:45am Jun 2, 2014 7:45am
The EU has been looking good for scalps,
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50 pips on two waves for a monday
  • #902,017
  • Jun 2, 2014 8:36am Jun 2, 2014 8:36am
that rejection today @ 3628 was the Daily Pivot, Weekly Pivot and 62% retrace of the 3649 -> 3593 leg....
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  • #902,018
  • Jun 2, 2014 9:15am Jun 2, 2014 9:15am
Quoting MaxDoom
that rejection today @ 3628 was the Daily Pivot, Weekly Pivot and 62% retrace of the 3649 -> 3593 leg.... {image}
75% retail traders are long. I reckon there's another 100-150 pips to squeeze before any serious bull attempt...13470 very likely
  • #902,019
  • Jun 2, 2014 9:17am Jun 2, 2014 9:17am
Quoting Greener
{quote} 75% retail traders are long. I reckon there's another 100-150 pips to squeeze before any serious bull attempt...13470 very likely
I'm personally glad u finally off the Euro long trade, but in any case good luck... try not to change this in the coming days, since u are taking about 150+ to the downside, i'm sure u have good reasons!
"It's the Margin, Stupid."
  • #902,020
  • Jun 2, 2014 9:24am Jun 2, 2014 9:24am
Quoting Greener
{quote} 75% retail traders are long. I reckon there's another 100-150 pips to squeeze before any serious bull attempt...13470 very likely
retailers from where?
forexfactory?
fokyou forexfactory
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