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  • #967,641
  • Mar 11, 2015 10:11am Mar 11, 2015 10:11am
has a currency ever gone -ve before like -.0100, maybe its possible.. So if you go to buy a coffee in a French cafe they would pay you to buy a coffee...?
inflation would be so high the price would double from the point of order to the point of sale
  • #967,642
  • Mar 11, 2015 10:12am Mar 11, 2015 10:12am
We will be back at 1.08-1.1 ....and it will provide for great shorting opportunities. Just my thoughts.
  • #967,643
  • Mar 11, 2015 10:13am Mar 11, 2015 10:13am
Oil held the break for the open range so nothing to see in the euro. Setting the low of week in Euro in play until London goes home...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #967,644
  • Mar 11, 2015 10:14am Mar 11, 2015 10:14am
Quoting sisse
Oil held the break for the open range so nothing to see in the euro. Setting the low of week in Euro in play until London goes home... sisse
Euro can go higher and oil can go lower. I just opened a long in EU targeting 1.08 and i'm still short oil, however I do see that oil can bounce as well unfortunately Still targeting a retest of lows there though.
  • #967,645
  • Mar 11, 2015 10:16am Mar 11, 2015 10:16am
Quoting Ck87
I'm going to have to go long EU soon, there's just way too many shorts piling in and they will get slaughtered once again as they did at the 1.1 level , just few hundred pips higher but that's enough to cause pain to the n00bs
I'd be super cautious going long on EUR/USD at the moment. Things are happening behind the scenes that I'm not quite privy to that could see this lower in the coming days. I think most people are a bit taken aback by the speed at which it's fallen. That said, the chances of an inevitable bounce are increasing exponentially -- it's just a question of when. I like looking at the trade explorers on FF from time to time as a contrarian indicator, but a broken clock is right twice a day. I'm staying on the sidelines as far as EUR/USD is concerned until the bounce, BTW.

There are other interesting pairs to play Euro's weakness + strong dollar + risk aversion in global markets, particularly Yen crosses. I've been looking at EUR/JPY and GBP/JPY (just closed out a short), although the former is more interesting; both have similar monetary policies but the Euro is under tremendous negative pressure and much less stable.
  • #967,646
  • Mar 11, 2015 10:18am Mar 11, 2015 10:18am
Quoting Ken A
{quote} Cable support might hold Good R:R

Well, different model when eurgbp pushed higher.

Cable wanted to track 160 pips gains as euro did earlier. Now its done for today.
They think they are smarter than I am.
  • #967,647
  • Mar 11, 2015 10:18am Mar 11, 2015 10:18am
Quoting MaxDoom
another new low
i place an sell stop hope to see 1.05 soon
in God i trust
  • #967,648
  • Mar 11, 2015 10:19am Mar 11, 2015 10:19am
Bet you a lot of these newcomers will lose if they're not strong enough to hold past a 250-500 pip bounce.
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  • #967,649
  • Mar 11, 2015 10:21am Mar 11, 2015 10:21am
Quoting Ck87
{quote} Euro can go higher and oil can go lower. I just opened a long in EU targeting 1.08 and i'm still short oil, however I do see that oil can bounce as well unfortunately Still targeting a retest of lows there though.
Usually they wont diverge like that but especially given the KEY level in play in oil. Its almost impossible for oil to make a huge break like that without carrying dollar with it ...[and therefore euro].

In any case, GL with your longs, it looks too virgin for my taste but a mini push above 1.060x with London going home may give you some safety net. In my case, there is no longs until the low of the week is set first.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #967,650
  • Mar 11, 2015 10:23am Mar 11, 2015 10:23am
UCAD approaching new highs as I've been saying over past weeks....... Crystal Meth Balls.
  • #967,651
  • Mar 11, 2015 10:23am Mar 11, 2015 10:23am
Quoting cedrich2005
{quote} i place an sell stop hope to see 1.05 soon
where have you placed it ?
  • #967,652
  • Mar 11, 2015 10:24am Mar 11, 2015 10:24am
Quoting sisse
{quote} Usually they wont diverge like that but especially given the KEY level in play in oil. Its almost impossible for oil to make a huge break like that without carrying dollar with it ...[and therefore euro]. In any case, GL with your longs, it looks too virgin for my taste but a mini push above 1.060x with London going home may give you some safety net. In my case, there is no longs until the low of the week is set first. sisse
Supply/Demand on Oil can allow that to happen, but usually not I agree.... thank you sir.
  • #967,653
  • Mar 11, 2015 10:25am Mar 11, 2015 10:25am
the pace at which the euro has drop is really quite surprising..
Definitely the long term trend points down no doubts about that but I think at the rate at which people are shorting is opening the possibility of getting caught with their pants down.. All RSI indicates that it is in deeply oversold territory.. And looking at people posting their trade ideas of just sell at any point and collect money sentiments.. I am sure we r in trouble..
  • #967,654
  • Mar 11, 2015 10:28am Mar 11, 2015 10:28am
Notice the only XXX USD out of majors that didn't make new low is NZD..... I'm short GBP/NZD , we'll see how that turns out.... News later today can change that and smash NZD bulls..... eeks.
  • #967,655
  • Mar 11, 2015 10:28am Mar 11, 2015 10:28am
Quoting MaxDoom
{quote} where have you placed it ?
1.0560
in God i trust
  • #967,656
  • Mar 11, 2015 10:29am Mar 11, 2015 10:29am
Quoting Ck87
{quote} Supply/Demand on Oil can allow that to happen, but usually not I agree.... thank you sir.
Nope.

Only in purely speculative moves it wont but in real supply and demand plays It will DEFINITIVELY carry dollar short term when macro levels are in play... lets leave it there as this is not the place or time for such a discussion.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #967,657
  • Mar 11, 2015 10:30am Mar 11, 2015 10:30am
Probably a chance for consolidation in bigger TF
You cannot learn better without losing
  • #967,658
  • Mar 11, 2015 10:32am Mar 11, 2015 10:32am
Quoting Z3iz3i
{quote} Well, different model when eurgbp pushed higher. Cable wanted to track 160 pips gains as euro did earlier. Now its done for today.
Done ......... they move in sync

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  • #967,659
  • Mar 11, 2015 10:32am Mar 11, 2015 10:32am
Dow, Nasdaq, and S&P 500 all on the upside now, this could give the EU a push to 1.06 plus....
  • #967,660
  • Mar 11, 2015 10:34am Mar 11, 2015 10:34am
Quoting Ck87
Bet you a lot of these newcomers will lose if they're not strong enough to hold past a 250-500 pip bounce. {image}
This may seem bit green but could you go into more detail in what you mean?

In the mean time I drift back into the shadows learning and reading.
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