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EURUSD

  • #902,321
  • Jun 4, 2014 4:05am Jun 4, 2014 4:05am
Quoting MaxDoom
{quote} opens below 36
nearly there
Wherever you go, there you are.
  • #902,322
  • Jun 4, 2014 4:06am Jun 4, 2014 4:06am
EG H4

rebuilding EURGBP long - looking to 8130 for support ...
Attached Image (click to enlarge)
Click to Enlarge Name: egh4.PNG Size: 51 KB
  • #902,323
  • Jun 4, 2014 4:08am Jun 4, 2014 4:08am
up 30 pips then down 30 pips in minutes
and no news , eu dont know where to go before tomorrow ,
i hope it clear 3650 , to lead the way to 37xx before tomorrow
  • #902,324
  • Jun 4, 2014 4:08am Jun 4, 2014 4:08am
Quoting MaxDoom
I didn't have time to post this before the news, but I sold the pump and dump @ 3621, I also have a further sell order below 36 edit: that below 36 order now @ 3598 {image}
nice shooting Max
  • #902,325
  • Jun 4, 2014 4:18am Jun 4, 2014 4:18am
Quoting chazzle
{quote} nice shooting Max
thanks

break the low now or range until US data
  • #902,326
  • Jun 4, 2014 4:18am Jun 4, 2014 4:18am
The rate reduction is expected based on last ECB speech. But if no action is taken now then EURO will rise and the ECB losses its credibility.
Also the NFP number will have an impact on the EURUSD this is a heavy week on economic data so be aware of it.
Want to learn more: HTO Trading
  • #902,327
  • Jun 4, 2014 4:21am Jun 4, 2014 4:21am
hey guys, what do you expect from the NPF for E/U ?
  • #902,328
  • Jun 4, 2014 4:23am Jun 4, 2014 4:23am
Quoting saver0
Good morning everybody! Attached is my H4 heat map detecting a very high probability for the Bulls, at least to reach the 23% Fib. I'm long with a small TP target for now. Happy trading! {image} {image}
Ended up closing the trade with just +1.7pip. I'm still looking to pick up a long once CCI H4 gets to OS level and/or when the price reaches the recent low.
Focus, Patience, Determination & Order in chaos
  • #902,329
  • Jun 4, 2014 4:29am Jun 4, 2014 4:29am
Also have some long orders , ... the reaction on news was very intensive and the bears have been stoped on 1,36000. From my point of view i think if the EU would like to go down it would already did. THe second fact is that during few days we cannot observe any retrecament upwards so i think there must be some kind of movement up ,... something like "lets take a breath before taking this lower." For today im in long mood.
Many green pips guys
  • #902,330
  • Jun 4, 2014 4:29am Jun 4, 2014 4:29am
Quoting honeill
The rate reduction is expected based on last ECB speech. But if no action is taken now then EURO will rise and the ECB losses its credibility. Also the NFP number will have an impact on the EURUSD this is a heavy week on economic data so be aware of it.
with the numbers that have been coming out showing no improvement a lot more is expected than a rate cut....

but lets assume for a minute action is taken be it rate cut or otherwise... result will be a lower value euro

now assume no action is taken at all... retail will think that means euro strength and will buy the pump that goes with it, but in reality it will show a lack of control by the ECB and an unwillingness to take action. This will also be negative for the euro, just because they don't take action doesn't alter the fact that the eurozone is in trouble and heading down not up so I would expect a massive pump and dump
  • #902,331
  • Jun 4, 2014 4:39am Jun 4, 2014 4:39am
Quoting MaxDoom
{quote} thanks break the low now or range until US data
my guess is...even if you are right and euro will move lover, it will not do it from here, bears need higher ground for that..3660 -3720

my2cent

meanwhile, who can scalp here there, good for them: i congratz you for that 'pump and dump trade'
fokyou forexfactory
  • #902,332
  • Jun 4, 2014 4:40am Jun 4, 2014 4:40am
This price action looks like from closing and opening positions.
  • #902,333
  • Jun 4, 2014 4:42am Jun 4, 2014 4:42am
Quoting emmalee25
This price action looks like from closing and opening positions.
to me, its like a bull flag formation on H4
fokyou forexfactory
  • #902,334
  • Edited 4:52am Jun 4, 2014 4:42am | Edited 4:52am
The infation figures yday were worse than expected but better than the pessimistic forcasted. This made the euro go up yesterday.
The market expect more than a rate cut tmrw.

This time ECB must deliver. Otherwise this will make a market uncertanty which again can make the USD rise due to safe heaven currency. A stock market correction. So when everyone expect the euro to rise we can have the opposite effect and a USD rise. In my opinion it can rise( USD) independet of ECBs action or not.

I am trading the euro down today between 1,3640-1,3590.
  • #902,335
  • Jun 4, 2014 4:52am Jun 4, 2014 4:52am
Everyone knows OMT doesn't exist. Everyone knows that ECB cannot be trusted to solve anything. If ECB could keep the charade going is by not having a blow on his credibility, because if he does, then no one will ever put a bid on the european equities and PIIGS bonds. In other words, Disaster.

ECB can buy time and thats what he did, but it was with the expectation that growth will come back. Well Euro recovery is delayed, only thing that can put euro up is optimism, and by that I mean not a slow-down from US. If it happens there is no chance to get back above 1.40. With QE being dial down, I think half of 2014 will be exactly the opposition of the half of 2013, which was that everyone was optimist about growth.

Negativism about growth if enough can bring back global-slowdown issues with it specially if we dont have our dear QE that acts as a anti-anxiety as well as stimulant.
  • #902,336
  • Jun 4, 2014 5:00am Jun 4, 2014 5:00am
Quoting emmalee25
Everyone knows OMT doesn't exist. Everyone knows that ECB cannot be trusted to solve anything. If ECB could keep the charade going is by not having a blow on his credibility, because if he does, then no one will ever put a bid on the european equities and PIIGS bonds. In other words, Disaster. ECB can buy time and thats what he did, but it was with the expectation that growth will come back. Well Euro recovery is delayed, only thing that can put euro up is optimism, and by that I mean not a slow-down from US. If it happens there is no chance to...
funny,almost same story when we were down to 1.347x
http://www.forexfactory.com/showthre...03#post7252003
fokyou forexfactory
  • #902,337
  • Jun 4, 2014 5:14am Jun 4, 2014 5:14am
It doesnt look as EBC wants to anything as the article yesterday showed the ending of quantitive easing. http://trendersgame.com/2014/06/02/t...cycle-is-near/ It is a little strange that ECB will do it then.

ECB has a b g pressure and may be forced to do something. The question is how the big market player will react into this. Usually they dont do what we think they will do.

Europe still have big problems and hardly hav any redusction at all in the unemplyment rate and the stock market is oversold and then we have the safe heaven USD. If one looks to Europes problems the euro must down more than what ECB is doing.

Untill we know I am only trading the small pips
  • #902,338
  • Jun 4, 2014 5:23am Jun 4, 2014 5:23am
Quoting KiwiTrada
UC and Swissy tapping resistance, reject or blast through is $64 mil ?
guess its reject for that attempt anyway, maybe next attempt
If you are new to Forex? Say Goodbye to your account!!
  • #902,339
  • Jun 4, 2014 5:25am Jun 4, 2014 5:25am
All analysts are expecting discounts. Draghi tomorrow may hold fixed interest rate?
  • #902,340
  • Jun 4, 2014 5:26am Jun 4, 2014 5:26am
When the euro doest want go up as it seems today I think more down side is coming today and under 1,36.

Everyone expect a rate cute to 0,1 to 0,15. The question is what more
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