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  • #940,581
  • Dec 3, 2014 11:01am Dec 3, 2014 11:01am
Quoting used
So we're going up to what ? about 2385 ?
thats pure guessing, nothing really indicates 2385 in near future (days..)
Probably the worlds best currency trader.
  • #940,582
  • Dec 3, 2014 11:03am Dec 3, 2014 11:03am
Quoting used
So we're going up to what ? about 2385 ?
If the ECB conference concludes with the ECB NOT announcing a QE, then we'll see a temporary but massive (in intraday terms) of buying the EUR/USD. Unfortunately, it WILL be short lived. It'll probably go somewhere around 1.240~1.2550.

Honestly, it should be somewhere closer to 1.2450 plus or minus a few dozen pips. The odds of the bounce stimulated by the lack of QE from the ECB causing price to reach 1.2600 is unlikely, however.

Edit: I doubt price will reach make a clear breach of 1.220 before the ECB announcement, Starting at that point, we'll definitely see new buyers at the lower 1.200 range, and I get the feeling market makers (hedge funds, banks, etc.) want to drag the price down so they can buy low and sell on the bounce. They maximize profits when the retail traders (average joes) move in the opposite direction. I don't think they'd appreciate the retail traders eating up the liquidity, and it'll be difficult to sink the EUR/USD then.

I do feel sorry for the euro though. The first quarter of 2015=even more beatdown. It's probably a good thing I'm not living in Europe. OR japan, for that matter.
  • #940,583
  • Dec 3, 2014 11:09am Dec 3, 2014 11:09am
UJ still rising while many attempts are made at 230. Maybe the street has an inside on big D.
  • #940,584
  • Dec 3, 2014 11:10am Dec 3, 2014 11:10am
h closed lower.. not a bullish sign.. mid for 2125,, is 2243.5.. norm 2480, with stronger trends norm may be hard to reach.. other R may be 2324 2465 2473..
those who can, do. those who cant, talk about those who can
  • #940,585
  • Dec 3, 2014 11:20am Dec 3, 2014 11:20am
Quoting gatorinla
h closed lower.. not a bullish sign.. mid for 2125,, is 2243.5.. norm 2480, with stronger trends norm may be hard to reach.. other R may be 2324 2465 2473..
We might see one more drop in EUR/USD before the ECB. Maybe, maybe not. I still don't like how fast it's dropping. It makes me think that market makers are really waiting for the ECB to lead to a bounce in EUR/USD prices, which may crush my earnings from my 1.2460 short.
  • #940,586
  • Dec 3, 2014 11:30am Dec 3, 2014 11:30am
1.22 tomorrow!!
  • #940,587
  • Dec 3, 2014 11:31am Dec 3, 2014 11:31am
1.28 the day after!!!
  • #940,588
  • Edited 12:01pm Dec 3, 2014 11:49am | Edited 12:01pm
Quoting Vermillion
{quote} We might see one more drop in EUR/USD before the ECB. Maybe, maybe not. I still don't like how fast it's dropping. It makes me think that market makers are really waiting for the ECB to lead to a bounce in EUR/USD prices, which may crush my earnings from my 1.2460 short.
got some R at 2381 area. why risk it all. i personally trade to make money. if it floating in my account. its not mine till i take off the risk. greed is a motha. its normal to go back to 2480, before 2125. if or when is the bitch. especially with a possible cut/easing of some type. for me i dont have much skin in the game atm.. i will sit on my hands and wait for a retrace that may never come. its free to wait and not trade against norm or the trend. missing some trades is the best money i never spent
those who can, do. those who cant, talk about those who can
  • #940,589
  • Dec 3, 2014 11:53am Dec 3, 2014 11:53am
Something revolutionary might happen.... Faith reinstated in business & economics on a more global level and USDJPY goes to 200 by the end of 2015.
  • #940,590
  • Dec 3, 2014 11:53am Dec 3, 2014 11:53am
Quoting fxtradeabi
1.28 the day after!!!
sometimes its better to watch porn then to actually be in it
those who can, do. those who cant, talk about those who can
  • #940,591
  • Dec 3, 2014 12:05pm Dec 3, 2014 12:05pm
closed ea short and aj long too fast before tp hit. anw, still a good day.
i think tommorrow ecb press released is about the postphone of qe and keep doing nothing for this end of the year.
expecting to bounce to 242x - 243x and reload shorts. the further correction perhaps until the resistance of 2507 and will load another short.
if correction passed strong resistance @2567, then ecb certainly cancel the qe and dunno what to say for the financial recovery
  • #940,592
  • Dec 3, 2014 12:06pm Dec 3, 2014 12:06pm
1 min targets 2278
those who can, do. those who cant, talk about those who can
  • #940,593
  • Edited 12:31pm Dec 3, 2014 12:20pm | Edited 12:31pm
a little mad
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If Being a Good Man is a "Fool", So I'll Be Happy to be a "Fool"
  • #940,594
  • Dec 3, 2014 12:21pm Dec 3, 2014 12:21pm
Quoting gatorinla
1 min targets 2278

Hi gatorinla, you are a veteran in forex trading I think, I have a problem that why eurozone economy is much better than the 2012 which eurusd was above 1.20. But now, it is 1.23, I think the difference between now and 2012 is more than 300bp, don't you think euro is oversell?
  • #940,595
  • Dec 3, 2014 12:31pm Dec 3, 2014 12:31pm
Quoting TheNoob
{quote} this move is only preparing the possible ground, IDK what the Fundamentals will brings that week...im not a fibo fan but i know you all like fibo levels, so here i got this...we only parking at S3...so don't ask me if fibonacci is joking don't know anything about him... {image}
i guess tomorrow it will be officially clear... Opened it at 2339 SL 2338 TP 1.22...today we got it again below S3. as you see fibo is reckless system, im happy to not know anything about him...
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DONT ASK ME QUESTION, BUT U CAN BAN ME I DONT CARE!
  • #940,596
  • Dec 3, 2014 12:35pm Dec 3, 2014 12:35pm
Quoting OberonZhao
{quote} Hi gatorinla, you are a veteran in forex trading I think, I have a problem that why eurozone economy is much better than the 2012 which eurusd was above 1.20. But now, it is 1.23, I think the difference between now and 2012 is more than 300bp, don't you think euro is oversell?
go back further, from .8 to 1.6.. whats in the middle? why did it go to 1.6? and if that "why" is removed, where should it go? the eu went up because of what the fed did. at the time the euro was saved by events in 2001, it was nose diving prier to " go out and shop"
look at a chart
those who can, do. those who cant, talk about those who can
  • #940,597
  • Dec 3, 2014 12:39pm Dec 3, 2014 12:39pm
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  • #940,598
  • Dec 3, 2014 12:40pm Dec 3, 2014 12:40pm
Quoting TheNoob
{quote} i guess tomorrow it will be officially clear... Opened it at 2339 SL 2338 TP 1.22...today we got it again below S3. as you see fibo is reckless system, im happy to not know anything about him... {image}
u cant expect it to work when your not using it correctly
those who can, do. those who cant, talk about those who can
  • #940,599
  • Dec 3, 2014 12:40pm Dec 3, 2014 12:40pm
Quoting OberonZhao
{quote} Hi gatorinla, you are a veteran in forex trading I think, I have a problem that why eurozone economy is much better than the 2012 which eurusd was above 1.20. But now, it is 1.23, I think the difference between now and 2012 is more than 300bp, don't you think euro is oversell?
may i try to comment?
in 2012, eurusd is above 1.20 is not because of eur financial. yes maybe some probability come up from eur, but the main reason is because of the usd itself.
fed did qe and print usd out to help stimulating economy from 2008 crisis. qe means printing money and implicate on usd devalues. the eur goes north until 1.38 max and coming down until this day as draghi announced few months ago about the qe. the eurusd is going to south this time because fed just announced stop qe months ago, and preparing for tightening monetary policy (rate hike).
meanwhile, eur is preparing to boost economy as soon as possible in regard to too low inflation. reducing the interest rates can't even boost the inflation. this time, eur needs something no other than further qe which is further devalues in eur. perhaps, if theres further qe continue till 2016, eurusd might be 1:1
  • #940,600
  • Dec 3, 2014 12:41pm Dec 3, 2014 12:41pm
Quoting gatorinla
{quote} go back further, from .8 to 1.6.. whats in the middle? why did it go to 1.6? and if that "why" is removed, where should it go? the eu went up because of what the fed did. at the time the euro was saved by events in 2001, it was nose diving prier to " go out and shop" look at a chart
Impressive! Thanks!
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