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EURUSD

  • #945,521
  • Dec 20, 2014 9:16pm Dec 20, 2014 9:16pm
Quoting Flaviu1981
{quote} I understand what you say, is very logical! But do you think that US want to have a strong currency? This affects their exports because their products become more expensive for their foreign clients. In time, this thing will increase unemployment. Are you sure that EU'll make a QE? US "live" from loans and by printing $. Are you sure that US will not make a QE before EU? If all the people sell e/u and all articles say that e/u will go down, my questions are: WHO BUY E/U AND WHY?! If all the people are short who are the fools who are long?...
US is a net Importer of goods and services... so thats why US prefers strong USD.
makes sense?? yes some exporting industry might suffer but US is heavily driven on banking profits... and high USD currency serves as a benefit for the US because of the higher profit margin for the services the US banks provide.

as to the question who is buying the EURUSD.

Well with all the news out there that EURUSD is gona go low. you still got idiots retail traders and hedge fund speculators who are willing to waste their money to try to catch the bottom. while the big boy banks drive the EURUSD lower....
so my advise. learn how to interpret price action to get a sense what the BIG BOY Banks are doing. dont follow retarded calls to catch bottoms and hold down a rocket. you're in the league where the central banks and large big boy bank like goldman sachs, Jp morgan, bank of america., morgan stanley, deutsche bank, hsbc etc etc.
you cant fight them, trade WITH them and i can guarantee you have plenty of profits going in your pockets.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #945,522
  • Dec 20, 2014 9:19pm Dec 20, 2014 9:19pm
Quoting Cb92
{quote} This thread is becoming a joke, too many people posting shit like this ^ no facts, pure speculation and opinion. No use to any one. Trade what you see on the charts, not what you hear/ read on the internet.
im actually surprised how you think he was joking....
no jokes.... think about it....

US is also playing financial warfare on Russia why? well you can say ukraine is one reason but the other reason is that earlier this year... BRICs started their BRICs development fund to go against the IMF. (obviously IMF is america's baby), and US is taking it out on russia since US has enough oil and power over the oil rich arab nations to give Russia one hell of a pinch in the ass....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #945,523
  • Dec 20, 2014 10:23pm Dec 20, 2014 10:23pm
Quoting fxtyrant
{quote}and US is taking it out on russia since US has enough oil and power over the oil rich arab nations to give Russia one hell of a pinch in the ass....
Don't forget our other close friends, Iran and Venezuela.
  • #945,524
  • Dec 21, 2014 3:47am Dec 21, 2014 3:47am
Quoting Cb92
{quote} This thread is becoming a joke, too many people posting shit like this ^ no facts, pure speculation and opinion. No use to any one. Trade what you see on the charts, not what you hear/ read on the internet.
Missed this one - Cb, Currencies are driven by fundamentals NOT CHARTS and although it's a challenge to most ppl an understanding of what is really driving world event is IMHO a pre-requisite to successful trading - I also don't think US foreign policy is something to be dismissed as a joke.
  • #945,525
  • Edited 4:03am Dec 21, 2014 3:53am | Edited 4:03am
Quoting rehorst
{quote} Don't forget our other close friends, Iran and Venezuela.
Maybe if you stopped threatening to bomb the shit out of them they would be.
  • #945,526
  • Dec 21, 2014 5:29am Dec 21, 2014 5:29am
on big chart,price tests 50% level again here. and we also meet the trend line right now.

observe the lower time frame and wait for signal.
Attached Image (click to enlarge)
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A chart helps those who can read it.
  • #945,527
  • Dec 21, 2014 5:44am Dec 21, 2014 5:44am
u*re right
  • #945,528
  • Dec 21, 2014 5:53am Dec 21, 2014 5:53am
Quoting fxtyrant
{quote} US is a net Importer of goods and services... so thats why US prefers strong USD. makes sense?? yes some exporting industry might suffer but US is heavily driven on banking profits... and high USD currency serves as a benefit for the US because of the higher profit margin for the services the US banks provide. as to the question who is buying the EURUSD. Well with all the news out there that EURUSD is gona go low. you still got idiots retail traders and hedge fund speculators who are willing to waste their money to try to catch the...
Completly agree. And if FED would want weak dollar they could weaken it any time they want to. If FED wanted inflation they cant create it relatively easy, if they really wanted it that bad. But its not about that, what FED really wants is strong dollar, and maintained 2% inflation due to bond bubble (+some other assets). Strong dollar is needed for reserve status, for imports, for internal purchasing, for banking sector...while certain inflation keeps that massive 200+ trillion bond bubble based of interest rates under control. Its like feeding the beast that keeps growing, they throw him little by little food only to keep it alive, if they feed it too much it grows, snaps chain and gets loose and shit happens.
  • #945,529
  • Dec 21, 2014 6:53am Dec 21, 2014 6:53am
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Ro IMRAN Ro
  • #945,530
  • Dec 21, 2014 7:23am Dec 21, 2014 7:23am
hi guys - i have a long position at 1.22498 and wanted to know if you think there will be a temp bounce back up towards the 1.227 area ? I normally scalp but got caught out with the downwards trend late friday. Appreciate your feedback as contemplating to cut my losses or wait for the quick bounce back
Many thanks
  • #945,531
  • Dec 21, 2014 7:31am Dec 21, 2014 7:31am
Quoting Jamil7354
{image}
Or .......

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  • #945,532
  • Dec 21, 2014 7:40am Dec 21, 2014 7:40am
Quoting cspip
{quote} Or ....... {image}
second one is better
don't find the correct answer in market. just feel it and follow the wave.
  • #945,533
  • Dec 21, 2014 7:44am Dec 21, 2014 7:44am
Quoting stewrigh
{quote} Missed this one - Cb, Currencies are driven by fundamentals NOT CHARTS and although it's a challenge to most ppl an understanding of what is really driving world event is IMHO a pre-requisite to successful trading - I also don't think US foreign policy is something to be dismissed as a joke.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #945,534
  • Dec 21, 2014 8:47am Dec 21, 2014 8:47am
Thank you Jamil and cspip. One predicts a bounce off the 9-year-old Great Wall of Forex. The other does not. Is this FA vs. TA?

Attached Image
  • #945,535
  • Dec 21, 2014 9:35am Dec 21, 2014 9:35am
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  • #945,536
  • Dec 21, 2014 9:56am Dec 21, 2014 9:56am
Quoting rehorst
Thank you Jamil and cspip. One predicts a bounce off the 9-year-old Great Wall of Forex. The other does not. Is this FA vs. TA? {image}
Fundamentals say we are still in the beginning stages of a multi-year USD bull market, and technicals say we have the potential for a huge break to the upside for USD. Also, with SNB introducing negative deposit rates, it takes pressure of Swiss bank to be forced to buy Euros to defend CHF, which takes pressure off EURUSD, allowing it to drift lower. Much of recent support for EURUSD was end of year position squaring. US Fed and Swiss National Bank took the wind out of those sails.

There are lots of wild cards, as always, in FOREX, but the fundamentals and the technicals seems to be aligning. As we are at a long term critical level, based on the long-term technical support level with the potential for a huge move if it breaks, I would sell EUR/USD at the current level. I would then add more if we get a retracement from the recent drop. I would add more on breaks of 1.22. I would add more on a break of 1.20. This seems to me to be a high probability way to trade the current EUR/USD market.

We are in a USD bull market. ECB looks like they are going to print. Trade accordingly, with proper risk management.
  • #945,537
  • Dec 21, 2014 11:22am Dec 21, 2014 11:22am
Quoting gatorinla
watching 2206 mtc and 2203.2
I have a fractal setup here, is this still valid?

Attached Image (click to enlarge)
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  • #945,538
  • Dec 21, 2014 11:30am Dec 21, 2014 11:30am
I am sorry to interrupt all the genius traders & advisors but can someone help me when market is going to open for trading?
  • #945,539
  • Dec 21, 2014 11:35am Dec 21, 2014 11:35am
Quoting OnlineAddict
{quote} xe.com is dead over the weekend, there is no website that displays weekend quotes. xe.com starts about 3-5 hours before market opens, with real numbers.
it's not dead, just not much trading it's done over the weekend. The quote is not static thru the weekend. Whether is accurate or not - prolly not, however it is still the best free estimate we have.
  • #945,540
  • Dec 21, 2014 11:36am Dec 21, 2014 11:36am
Quoting hammadshahir
I am sorry to interrupt all the genius traders & advisors but can someone help me when market is going to open for trading?

I hope due to some miracle eur/usd gaps up waaaaay high up!
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