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  • #947,481
  • Jan 3, 2015 2:35am Jan 3, 2015 2:35am
Quoting Chicky
{quote} Will it go to 0.0001? Should I place my sl just below this level?
lol chicky. ppl are excited here seeing the euro downfall.
  • #947,482
  • Edited 3:56am Jan 3, 2015 2:50am | Edited 3:56am
Quoting giveachance
{quote} who cares abt your warning. so you are telling me you will short the euro here for potential 500 pips. last time this shit was around 1.18 there were similar talks abt parity and it will discontinue and all that bullshit. Guess what it zoomed to 1.5. so a potential 3200 pips. It will not do the same now but draghi cannot challenge germans beyond a limit. I am sure some comments will come from bundesbank head on draghi's views. mere talks cannot keep the euro down. he has to act in a big way which I don't see happening. I am still going for...

This is your choice and good luck. I have been short more og less from 1.39. I did have a goal to 1.2 but have changed it to 1,15 as I think there is a agreement between the centralbanks FED and ECB to reduce the Euro. I think it will continiue untill we see better figures from the eurosone and or worse rom the US.
Draghi still talk abouth quantitative easing and the euro still has to come down o see any improvements
  • #947,483
  • Jan 3, 2015 2:53am Jan 3, 2015 2:53am
Quoting fxtyrant
{quote} Forgive me, but im in disagreement with you. US will hike rates, and the rate hike cycle will probsbly end when it reaches 3.5% - 4% You might say... That higher rates will make us economy suffer, id disagree to that too, hot money flows love higher rates to park their money... Look at AUDUSD in 2008. Also recently we see both US equity and US Bonds rising in tandem, usually that doesnt happen with domestic flow alone, this goes to show how much funds are coming back into the US from say emerging markets etc etc. So if anything, US higher...
WE are all dependent on each other. If the eurosone doent improve and the emerging market suffer this will drag down the US too.
  • #947,484
  • Jan 3, 2015 3:01am Jan 3, 2015 3:01am
I've sneaked in a long at 1.2004 yesterday, target 1.2180.
  • #947,485
  • Jan 3, 2015 6:14am Jan 3, 2015 6:14am
Quoting janpec1000
AU we go down, question is from where to short though.8180 is first that pops up. http://prntscr.com/5nknqg 2042 pend sell EU.
Im looking at 0.8163. Imo, nice rejection off those levels.
  • #947,486
  • Jan 3, 2015 6:15am Jan 3, 2015 6:15am
Quoting Chicky
{quote} Will it go to 0.0001? Should I place my sl just below this level?
Hey it all goes to that price eventually, fiat at least. Just give it time.
  • #947,487
  • Jan 3, 2015 8:20am Jan 3, 2015 8:20am
EUR/USD reached 1.2000, but I think it will drop even lower and reach 1.1950 or even 1.1900 before correction begins.
  • #947,488
  • Jan 3, 2015 9:59am Jan 3, 2015 9:59am
Yep probably going lower but i wouldnt feel comfortable adding shorts at theese levels...
  • #947,489
  • Jan 3, 2015 10:26am Jan 3, 2015 10:26am
Quoting MarianneOslo
{quote} WE are all dependent on each other. If the eurosone doent improve and the emerging market suffer this will drag down the US too.
And who says that "we" the world is all connected, besides just looking at the dollar fund flows it does looks like the US economy is disconnected feom the rest of the world, but the world is connected to the USD.
The world needs US but US doesnt need the world... They are self sufficient on oil....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #947,490
  • Jan 3, 2015 2:09pm Jan 3, 2015 2:09pm
Quoting WalterWhite
Many traders trying to pick a side... Dangerous time to be in... If I may say so, I see an overextended bear trend, but no reason to go long yet (not that I would open a short now, however).
keep selling meth forget foreign exchange
rat
  • #947,491
  • Jan 3, 2015 2:38pm Jan 3, 2015 2:38pm
Quoting victoriajen
EUR/USD reached 1.2000, but I think it will drop even lower and reach 1.1950 or even 1.1900 before correction begins.
Gotta take the dumb money stop losses on people foolish enough to call bottom after the massive continued bearish momentum we saw in December. But like Ed Seykota says, "some people like to lose."
  • #947,492
  • Jan 3, 2015 4:08pm Jan 3, 2015 4:08pm
Quoting MarianneOslo
{quote} WE are all dependent on each other. If the eurosone doent improve and the emerging market suffer this will drag down the US too.
Agree 100%
  • #947,493
  • Jan 3, 2015 4:13pm Jan 3, 2015 4:13pm
Need a broker with a demo account that has precious metals, oil, and DXY.

Any ideas? Alpari won't show me all of those for some reason
  • #947,494
  • Jan 3, 2015 4:32pm Jan 3, 2015 4:32pm
Quoting rattyo
{quote} keep selling meth forget foreign exchange
  • #947,495
  • Jan 3, 2015 6:29pm Jan 3, 2015 6:29pm
Any thoughts guys?
Thanks
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  • #947,496
  • Jan 3, 2015 6:29pm Jan 3, 2015 6:29pm
Quoting Mwfinad1211
{quote} Gotta take the dumb money stop losses on people foolish enough to call bottom after the massive continued bearish momentum we saw in December. But like Ed Seykota says, "some people like to lose."
Ummm fyi, the market doesn't move in a straight line, whatever the trend may be-there are short and long opps all over the place, depending on the tf you trade. As long as you manage your risk, there is nothing wrong with taking advantage of buying and selling opportunities at strong s/r levels. Trade your plan and respect others' plans, and btw, losing is part of trading, get used to it. R
Never say never.
  • #947,497
  • Jan 3, 2015 9:43pm Jan 3, 2015 9:43pm
Hello

Anybody having a problem with pop up ads etc

seem to be getting so many in the last few days on this site.

tried ad blocker,Avast,spybot,runcleaner,etc

But ads keep poping back up
  • #947,498
  • Jan 3, 2015 9:56pm Jan 3, 2015 9:56pm
When you get carried away reading gatorinla's posts over the weekend.... and that's just my macro chart....shit gets 100x worse in micro charts..
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  • #947,499
  • Jan 3, 2015 11:16pm Jan 3, 2015 11:16pm
Quoting eliteincome
Hello Anybody having a problem with pop up ads etc seem to be getting so many in the last few days on this site. tried ad blocker,Avast,spybot,runcleaner,etc But ads keep poping back up
check this

http://www.forexfactory.com/showthre...ee#post7535729
A good trader follows his rules, but great trader knows when to break them
  • #947,500
  • Jan 3, 2015 11:57pm Jan 3, 2015 11:57pm
Quoting atheer1
Many of the traders here think that this downtrend is at its end. I suggest that this downtrend will continue for long time to come.
Quoting MarianneOslo
{quote} Maybe today but the euro will continiue to decline
Quoting Gobllyn
{quote} I agree 100%with you.iv been shorting this pair since July! Europe is not OK and I'm not seeing any recovery for times to come.Looking at the technical in my imo at the moment I will try to ride the break of this multiple year support alongside the break of the 200sma on the monthly tf.
Quoting WalterWhite
Many traders trying to pick a side... Dangerous time to be in... If I may say so, I see an overextended bear trend, but no reason to go long yet (not that I would open a short now, however).
Quoting victoriajen
EUR/USD reached 1.2000, but I think it will drop even lower and reach 1.1950 or even 1.1900 before correction begins.
In my opinion, Next week is really everyone's game. Regardless how strong the bear trend is on EU, I would still suggest NOT to ignore the fact the 1.2000 is and might still be the historical support for EU for next week.

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As for me, next week I would ask myself what kind volatility is needed to break the 1.2000 meaningfully. Sure, next week is news heavy on dollar (ISM, job, FOMC), but the question is would they be enough to deliver the deadly punch break the 1.2000 bottom? or the other way around?

I haven't read mush news yet while i am putting this out, but below are my questions need to be answered,

 

  1. What if Monday's ISM Non-Manufacturing PMI turned out to be a big disappointment too? ISM Manufacturing PMI number released last Friday was a huge disappointment.
  2. What if the US job on Friday is within the expectation or worse than expected?
  3. What if FOMC comes out and states that dollar is raising TOO FAST? The earliest possibility of first rate hike is at least 3 months away.
    *** If i am not mistaken, Dollar Vs. AUD, EUR and GBP are all at the levels 5 years ago while US recovery is still fairly weak given the fact the wage is still low.

Given these 3 risks that are very bearish in dollar, it's reasonable enough to have a good bounce off the 1.2000 levels next week, isn't it?

Sure, there is a good chance the 1.2000 gets break next week, but EU bulls are too waiting for its LONG opportunities on 1.2000.They have been waiting for a long time now.

If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
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