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EURUSD

  • #966,141
  • Mar 5, 2015 11:10am Mar 5, 2015 11:10am
Stay short this month on EURUSD and you will do well
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 3-5-15.png Size: 123 KB
"W. D. Gann said that time is the most important factor among all things."
  • #966,142
  • Mar 5, 2015 11:10am Mar 5, 2015 11:10am
Quoting MaxDoom
catch while you can, short at Daily-PP level on the spike {image}
nice one max
  • #966,143
  • Mar 5, 2015 11:12am Mar 5, 2015 11:12am
Quoting Chibaya
I entered into a GBPAUD trade at 1.9705 and closed in a loss at 1.95239, 182 pips later. However, when I translate this into dollars (I have a USD account) there is a 40 pip discrepancy.

According to my broker, the trade is actually in either GBP or AUD and then translated back to dollars. It is not straight dollars as I assumed. Kindly confirm for me whether profit or loss made on currencies other than the dollar are calculated in those currencies then converted back to the dollar or eur. I await your response on the chat.
Your broker is doing everything correct. You have a USD based account. If you trade ANY instruments where USD is not one of the pairs, everything will be converted/settled in USD. If you follow your trade, you essentially...

Sold USD (base account currency) in order to buy GBP and sell AUD.

Upon exit, you...

Bought AUD and sold GBP...at a loss.

From there it needs to be converted back to your base USD currency account upon settlement.

A little confusing at first, but nothing sinister going on there from your broker. Keep those lot sizes small until you understand it...especially if you're taking 182 pip losses!
  • #966,144
  • Mar 5, 2015 11:13am Mar 5, 2015 11:13am
Quoting kenfen69
{quote} Your broker is doing everything correct. You have a USD based account. If you trade ANY instruments where USD is not one of the pairs, everything will be converted/settled in USD. If you follow your trade, you essentially... Sold USD (base account currency) in order to buy GBP and sell AUD. Upon exit, you... Bought AUD and sold GBP...at a loss. From there it needs to be converted back to your base USD currency account upon settlement. A little confusing at first, but nothing sinister going on there from your broker. Keep those lot sizes...
holy shit- it's the myth...the legend. the OG bastard
  • #966,145
  • Mar 5, 2015 11:14am Mar 5, 2015 11:14am
Quoting Magicmen
pending buy @1.0995. Expecting to go there before LON close

What is your TP?
  • #966,146
  • Mar 5, 2015 11:15am Mar 5, 2015 11:15am
When will we see 1.00?
  • #966,147
  • Mar 5, 2015 11:16am Mar 5, 2015 11:16am
Quoting MarianneOslo
{quote} What is your TP?
1240
  • #966,148
  • Mar 5, 2015 11:16am Mar 5, 2015 11:16am
Bet it rallies to 1.115-1.12 tomorrow (or next week), but I won't have the balls to hold long ...
  • #966,149
  • Mar 5, 2015 11:16am Mar 5, 2015 11:16am
Quoting trader121
I expect 1.0980 soon
Done. Tomorrow I expect EUR/USD to rise, as we might see terrible data coming from the US
Forex is a losers game.
  • #966,150
  • Mar 5, 2015 11:17am Mar 5, 2015 11:17am
Quoting pbylina
When will we see 1.00?
never i hope
Whenever i buy the price goes up & whenever i sell the the price goes down!
  • #966,151
  • Mar 5, 2015 11:19am Mar 5, 2015 11:19am
Quoting Shiv999
- FACT to NOTICE - EUR/USD broke down more than 3700 pips in 6 trading days.
Uhhhhhhh...

It fell 3.7 cents. 3.7 x 100 = 370 pips. 3700 would make 2008 seem like a ripple.

Just sayin.
  • #966,152
  • Mar 5, 2015 11:21am Mar 5, 2015 11:21am
Quoting Pharm0r
{quote} holy shit- it's the myth...the legend. the OG bastard
Which...the GBP, or the AUD???
  • #966,153
  • Mar 5, 2015 11:22am Mar 5, 2015 11:22am
Quoting deylon
{quote} never i hope
unfortunately, at this speed we will reach 1.00 very soon....

it is not even bothering with retracement... one way only...
Buy at the Low, Sell at the High You make money by waiting not by trading.
  • #966,154
  • Mar 5, 2015 11:22am Mar 5, 2015 11:22am
Quoting pbylina
When will we see 1.00?
Tomorrow IF NFP gives.
  • #966,155
  • Mar 5, 2015 11:22am Mar 5, 2015 11:22am
EUR/USD broke below the support at 1.1150 even before the ECB rate decision came out. The bearish trend is as strong as ever and it looks like the pair is headed for target 1.09, but is likely just another step on its way to parity.
  • #966,156
  • Mar 5, 2015 11:23am Mar 5, 2015 11:23am
Quoting Magicmen
{quote} 1240
I'm thinking more low to around 1.0895
  • #966,157
  • Mar 5, 2015 11:25am Mar 5, 2015 11:25am
Quoting cspip
{quote} I'm thinking more low to around 1.0895
...good stuff -)

Attached Image
  • #966,158
  • Mar 5, 2015 11:26am Mar 5, 2015 11:26am
Quoting kenfen69
{quote} Which...the GBP, or the AUD???
How are things? We aren't friends, but I'm a fan.

Considering I've spent the better part of two months in your thread. Alone.

Well, the coffee girls are still there at least.
  • #966,159
  • Mar 5, 2015 11:26am Mar 5, 2015 11:26am
Quoting Ck87
Bought GU, EU, and NU. If it doesn't bounce from here I'd be super super shocked.
lol. Have to agree with you after seeing so many bearish days.
Intraday only.
  • #966,160
  • Mar 5, 2015 11:29am Mar 5, 2015 11:29am
Quoting navk
{quote} Long here at 1.1000
LONG at 1.09891
A good trader follows his rules, but great trader knows when to break them
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