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  • #958,601
  • Feb 8, 2015 9:00pm Feb 8, 2015 9:00pm
Quoting Tom_D_Trader
{quote} Some funnymentals may suggest QE is a boost for European business through Stock market and need to buy Euros to invest within.
nope, i dont buy that... the act of QE is printing money, increased money supply devalues value of the currency... even if there is demand, it only slows down the devaluation of currency. unless demand exceeds supply... which i dont see that happening yet.....
We live in a finite world with infinite possibilities.
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  • #958,602
  • Feb 8, 2015 9:03pm Feb 8, 2015 9:03pm
Quoting ffleo
{quote} after the ECB announcement of QE, euro should have dropped a lot more. But it did not. Further more the drop due to the ECB announcement was almost fully retraced before NFP. The ECB QE is mostly priced in already. The only thing left is the FED rate hike. But that is not certain yet.
it dropped 500 pips after announcement, what more did you want...? besides the QE announced is at a monthly easing rate of 60 billion euros? so expect a month on month grinding devaluation of the EURO, Not a full blown to hell drop....
the longer the grind the worse because US is about to hike their rate. and when US begins hiking their rates, they will do it at a 25BPs per month rate.... so its a Grinding rise in value of the USD, and a griding drop in value for the Euro for the year of 2015, so no i dont see EURUSD going up to 1.20 at anytime soon. possibly not even in 2015.

I'll tell you this for sure. EURUSD is giong to close the year of 2015, closer to 1.10 rather than 1.20 how bout that?
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #958,603
  • Feb 8, 2015 9:05pm Feb 8, 2015 9:05pm
Quoting fxtyrant
{quote} nope, i dont buy that... the act of QE is printing money, increased money supply devalues value of the currency... even if there is demand, it only slows down the devaluation of currency. unless demand exceeds supply... which i dont see that happening yet.....
No in a long term ofc. Am not buying this Euro crap under any circumstances. But think if we combine short term capital flow into Europe coz of SNB+ECB combo supercheap Euro + QE Stock boost, with Oil close to 2K8 crash levels and bouncing, we can get a pretty nice correction. Am waiting with hammer a bit above. As I ve said will not be sorry if we start falling without me coz am pretty skilled in jumping into sinking submarine.
"I know one thing, that I know nothing." Sokrates
  • #958,604
  • Feb 8, 2015 9:10pm Feb 8, 2015 9:10pm
Quoting fxtyrant
{quote} ... EURUSD is giong to close the year of 2015, closer to 1.10 rather than 1.20 how bout that?
let us wait and see
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #958,605
  • Feb 8, 2015 9:12pm Feb 8, 2015 9:12pm
I think maybe the euro will remain volatile in February in the low, because Greece's problems, the euro zone in February should have a good result. Only a stable euro zone, will be more conducive to easing the eurozone.
I think the shock of the month in February, beginning of March the euro will continue to decline. But must be wary of is that this is the first loose euro. Whether there will be time to "buy sell news facts" situation. I'm not sure.
Despite the dollar's rate hike expectations now, but I think that US interest rates would not be so quick to appear. Because in comparison to the United States, in the form of foreign, not enough to make the dollar immediately hike its domestic same.
  • #958,606
  • Feb 8, 2015 9:25pm Feb 8, 2015 9:25pm
Quoting fxtyrant
{quote} it dropped 500 pips after announcement, what more did you want...? besides the QE announced is at a monthly easing rate of 60 billion euros? so expect a month on month grinding devaluation of the EURO, Not a full blown to hell drop.... the longer the grind the worse because US is about to hike their rate. and when US begins hiking their rates, they will do it at a 25BPs per month rate.... so its a Grinding rise in value of the USD, and a griding drop in value for the Euro for the year of 2015, so no i dont see EURUSD going up to 1.20 at...

doubt that. US corporate houses are already feeling the pain of a stronger dollar. FED will come in at some stage and surprise the market by postponing rate hike to 2016. I tell you what possibility of aussie dollar to end the higher at 0.900 is much higher
  • #958,607
  • Feb 8, 2015 9:29pm Feb 8, 2015 9:29pm
Quoting fxtyrant
{quote} highly doubt that... but if it doesn reach back to 1.2... you'll be seeing me shorting this mo fo like kingdom come...
you are tending more towards one side always. markets are never in straight line and forex market is nothing diff. there is oversupply of dollar at the moment and flushing will happen from time to time
  • #958,608
  • Feb 8, 2015 9:53pm Feb 8, 2015 9:53pm
hi all, here is my opnion about this week and thats my own idea and dont represent any trade advice,
D1 price is on primary bearish with secondary flat since the mddle of last week:

  1. The price is located below Ichimoku cloud/kumo which is indicating the primary bearish for this timeframe
  2. Chinkou Span line is located too far from the price for any breakout or breakdown in the near future
  3. Nearest support level is 1.1097
  4. Nearest resistance level is 1.1422

Let me fill my acount wallet then will take Ur advice
  • #958,609
  • Feb 8, 2015 10:01pm Feb 8, 2015 10:01pm
Quoting giveachance
{quote} you are tending more towards one side always. markets are never in straight line and forex market is nothing diff. there is oversupply of dollar at the moment and flushing will happen from time to time
you talk about corporate orders, but you dont tell us what sort of corporates, yes US corporates with export oriented business are suffering from their business perspective... but in the fed's perspective.... the damn US economy is still a net importer nation and driven by tertiary services, strong dollar is still beneficial to the US economy. if that means weeding out the weak corporations who rely too much on exporting goods and services to other nations then so be it... let them die.
the smarter corporates have long moved their exportation of goods and services to manufacturing abroad and selling in those domestic markets instead of producing in US and export it across boarders....

perhaps you should learn a bit more of market dynamics....

flushing will happen only if the fundamentals support for it.
meanwhile i dont need to listen your blabber.
have a nice day.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #958,610
  • Feb 8, 2015 10:03pm Feb 8, 2015 10:03pm
Short EURUSD at 1.1340. Small position in an account other than my trade explorer (My trade explorer is an FXCM account and I took almost all of my money out and moved it to TD Ameritrade where I'm now trading currencies in an insured futures account). At any rate, with strong NFP I expect some follow through on dollar strength after this brief technical rebound. I also think that there is an increasing risk of a Grexit, which would hurt the Euro substantially. I think another good trade that could take advantage of a Grexit would be short EURJPY. Even if there isn't a Grexit, I think Tsipras and his finance minister will make markets increasingly nervous by vocally standing their ground. So a good week to be short EURUSD, in my opinion, for what it's worth.
  • #958,611
  • Feb 8, 2015 11:02pm Feb 8, 2015 11:02pm
Quoting gatorinla
{quote} even if/when 1303 is broken... the 127x/13xx area probably dont hurt a normal visit back to 1408+/w/o a break in the new high (dead cat) .. if 1331ish allows.. . with 1303 unbroken, and the others not closed, although i am short and bearish.. i like to see prof in the pudding... levels on chart... Friday the usd had some great news supporting a summer hike. on bounces i am adding shorts... {image}
looks like a typical early week retrace atm.. 1331ish doing its thing.. st suggest a retrace to 1310 w/o a LL to go to 1350.. i dont put a lot of stock in that. added with norm at 1418, u never know.. adding to shorts on bonces still..

back to bed
those who can, do. those who cant, talk about those who can
  • #958,612
  • Feb 9, 2015 12:09am Feb 9, 2015 12:09am
open buy @1.1329 stop at 1.1316 try to grap 30 pips..wish me luck
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  • #958,613
  • Edited 1:21am Feb 9, 2015 12:12am | Edited 1:21am
On the H4 chart, a reversal is in sight by having a conversion level happened. As long as 1.1500 area is not broken above we are expecting to have a drop by the pair. By breaking 1.1300 support level, a drop to 1.1090 is forecasted. The price will step into up phase If the conversion area is broken above.
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  • #958,614
  • Feb 9, 2015 1:13am Feb 9, 2015 1:13am
Always the same Franky stop hunting, especially when at important BO's. Totally wiped 5 hours of EJ range in 5 minutes clearing stops they never move it from the BO point but always retrace to break beyond levels... hate the bstds
As the lights go by so too do the shadows move
  • #958,615
  • Feb 9, 2015 1:16am Feb 9, 2015 1:16am
Quoting fxtyrant
{quote} sooooo...... wheres 1.16?? never quite reached there before it dropped... in fact i never batted an eye and i went short at 1.15 taken profit at 1.14 could've held a little longer... but yea.... sometimes AB=CD doesnt always work.
Now starting again...? When the price goes down you start to hit that monkey chest again?? Congratulation! Keep on rolling demo-hero!
f(z)=z2+c
  • #958,616
  • Feb 9, 2015 1:40am Feb 9, 2015 1:40am
Quoting hathor
{quote} Now starting again...? When the price goes down you start to hit that monkey chest again?? Congratulation! Keep on rolling demo-hero!
theres actually a live fund that is tracking the demo account's performance behind it.
whether you believe it or not.

anyways
bye.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #958,617
  • Feb 9, 2015 1:44am Feb 9, 2015 1:44am
Is there any possibility that Greece could go bankrupt?
And if that happens, what would happen to Euro currency?
Read the entire market, money is made on the main trend not the fluctuation
  • #958,618
  • Feb 9, 2015 1:47am Feb 9, 2015 1:47am
Quoting Kofmaster
Is there any possibility that Greece could go bankrupt? And if that happens, what would happen to Euro currency?
in that case euro would go parity
  • #958,619
  • Feb 9, 2015 1:48am Feb 9, 2015 1:48am
Quoting fxtyrant
{quote} theres actually a live fund that is tracking the demo account's performance behind it. whether you believe it or not. anyways bye.

I think IF there is a live account...it's red and only 1.1 will save you. This is the only reason why I could accept that you are a dick with everyone who has different views. Otherwise...dude keep staying thousands of miles away, because I want only morally valuable persons around me.
f(z)=z2+c
  • #958,620
  • Feb 9, 2015 1:54am Feb 9, 2015 1:54am
Quoting hathor
{quote} I think IF there is a live account...it's red and only 1.1 will save you. This is the only reason why I could accept that you are a dick with everyone who has different views. Otherwise...dude keep staying thousands of miles away, because I want only morally valuable persons around me.
We're all contributors here, no matter how we choose to contribute. Isn't it alittle pointless going about this again and again. Lol.

Edit: What I mean here is, we already know how fxtyrant expresses himself..
Luck shines on the positive.
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