EURUSD | Page 48791 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #975,801
  • Mar 31, 2015 1:50pm Mar 31, 2015 1:50pm
Im starting to feel overwhelmed at all this knowledge and analysis of the EU...some pro USD some 180 degree's the other way!
I realized over the past 5 years that analysts, fundamental and technical, both qualified with masters degree's etc can have opposite positions in relation to the same question. I have absolutely no idea what EU will do next.. except it will go down, up or sideways.. I will trade my system and plan until the edge I have works through.. that said been good past 4 years.. I have copied the trades to my demo trade explorer since October 2014.. testing on majors.. I hope no one thinks I'm in anyway disrespecting the number of very clever people on here, in fact Ive subscribed to a few already. Just in relation to those that wish to be traders... you do not need to be a qualified analyst to become a consistent profitable trader..
Just wish I was smarter, so I could even understand what they are talking about..
  • #975,802
  • Mar 31, 2015 1:51pm Mar 31, 2015 1:51pm
Quoting buttons
Im starting to feel overwhelmed at all this knowledge and analysis of the EU...some pro USD some 180 degree's the other way! I realized over the past 5 years that analysts, fundamental and technical, both qualified with masters degree's etc can have opposite positions in relation to the same question. I have absolutely no idea what EU will do next.. except it will go down, up or sideways.. I will trade my system and plan until the edge I have works through.. that said been good past 4 years.. I have copied the trades to my demo trade explorer since...
Im sure that once you are off your demo and doing live this will mean more to you. And to us.
The coincidental success is more dangerous than the expected failure
  • #975,803
  • Mar 31, 2015 1:52pm Mar 31, 2015 1:52pm
Quoting Pharm0r
{quote} Did you conduct a survey of the markets? What did they tell you they are pricing?
Hes mentioning the fed funds futures market right now is not pricing in June.
  • #975,804
  • Mar 31, 2015 1:55pm Mar 31, 2015 1:55pm
Quoting Neqrotik
{quote} Im sure that once you are off your demo and doing live this will mean more to you. And to us.
If you say so...lol Funny guy...
  • #975,805
  • Mar 31, 2015 1:55pm Mar 31, 2015 1:55pm
Quoting Pharm0r
Imagine if the Fed doesn't raise in June. DXY is going to print a very ugly candle - If we are throwing our opinions out there- I think parity is a bullshit psych number that really has no meaning other than a benchmark the media likes to toss around. The targets are below parity. Look at parity on a chart and tell me exactly how much of a difference it made once reached. I don't believe in below parity without a pullback. Most times- there is a pullback before a target. We have seen no such pullback.
Are you looking pullbacks pip wise or percent wise?
  • #975,806
  • Mar 31, 2015 1:56pm Mar 31, 2015 1:56pm
  •  flx
  • | Joined Dec 2008 | Status: Avoid Death by a Thousand Stops | 86 Posts
Quoting sisse
{quote}{quote} Really no clue thats is a very complex and fiscal budget technical question. If I have to make a random guess I would say that depending on the hikes and the time span between hikes a couple of hundred billion per year or maybe more. sisse
Thank you Sisse.

200 or 300 Billions per year!!? Only that will increase 50% of US gov. annual Deficit.

It is really a hard choice.
Attached Image
What goes around comes around
  • #975,807
  • Mar 31, 2015 1:59pm Mar 31, 2015 1:59pm
Quoting buttons
{quote} If you say so...lol Funny guy...
It is against any true traders better judgement to indulge in idle banter with you. But I would suggest that talking about other people is hardly a good use of your time. If time is money of course. But any response from you may be indicative that you don't necessarily agree.
The coincidental success is more dangerous than the expected failure
  • #975,808
  • Mar 31, 2015 2:03pm Mar 31, 2015 2:03pm
Quoting buttons
Im starting to feel overwhelmed at all this knowledge and analysis of the EU...some pro USD some 180 degree's the other way! I realized over the past 5 years that analysts, fundamental and technical, both qualified with masters degree's etc can have opposite positions in relation to the same question. I have absolutely no idea what EU will do next.. except it will go down, up or sideways.. I will trade my system and plan until the edge I have works through.. that said been good past 4 years.. I have copied the trades to my demo trade explorer since...
Dont worry about knowing the currency theories it only helps in cocktail parties or chatting up some big wig who only reads the economist. PA and not listening to media or these random theories will serve you just fine. I have to stop myself from reading all these blogs from economist because I know historically when they predict prices they're usually wrong. Best of luck and KISS is the way to be consistent.
  • #975,809
  • Mar 31, 2015 2:13pm Mar 31, 2015 2:13pm
The lack of follow through on PA from the dollar today not finishing up on highs although we do have 1hr left, and the fact pedro pointed out a great ABC completion point to which If I plot that on US session only on EURfut and DXYfut with OVERSOLD RSI on 4h in EUR with my target being hit makes me believe we could see higher price in EUR tonight and tomorrow.

DXY looks like it could come back down to 98.45 which is yesterday US session hi and even possibly yesterdays us session low of 97.95

EUR if it can break todays US session high could see us trade overnight to 1.0820-50 before a continuation lower. Hmmm Looks like I will stay up tonight for ASIA/LONDON and go long EUR futures for a long swing play if the PA takes place here.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2015-03-31-TOS_CHARTS.pngdxdx.png Size: 76 KB
Click to Enlarge Name: 2015-03-31-TOS_CHARTS.pngeur4.png Size: 66 KB
  • #975,810
  • Mar 31, 2015 2:19pm Mar 31, 2015 2:19pm
The EUR/USD drop today 133 pip and broke below the support level 1.0820 and recently near to 1.0747, seem the bearish trend back again.
  • #975,811
  • Mar 31, 2015 2:23pm Mar 31, 2015 2:23pm
SP500 down U J down EUR USD UP
  • #975,812
  • Mar 31, 2015 2:24pm Mar 31, 2015 2:24pm
Quoting sisse
{quote} go for it ... drop us a line in July to see how it goes... {quote} Dollar of course. Why on earth any sane investor would pay banks a "deposit fee" and leave mountains of cash sitting in euros with negative rates when the FED is hiking. sisse
Why do you think it will to dollars? As I know dollar rates are still almost the same as euro.
I believe that commodities are in focus when you get rid of unstable money, both EUR and USD, earned on shares and bonds.
  • #975,813
  • Mar 31, 2015 2:27pm Mar 31, 2015 2:27pm
Quoting Rockerzeus
{quote} Are you looking pullbacks pip wise or percent wise?
percent

I'm not saying it's impossible. I'm saying it's unlikely...and indeed on this scale unprecedented.

I'm not bullish, but I'm seeing the bullish potential...it was in last months candle as well. The roll for this month will say a lot.
  • #975,814
  • Mar 31, 2015 2:28pm Mar 31, 2015 2:28pm
Quoting jplazard
{quote} I agree with sisse. Why go to euros paying negative deposits or even flat when not only do hey have a falling currency but a falling stock market. Dollars would be the destination simply because you have a rising stock market, a interest rate that is higher and as soros states there is nothing better to be invested in that a rising domestic stock market with a strong domestic currency. It add additional Bps to your net return annually.
As I see here there is no negative rate on euro, and the only currency that has negative rate is CHF.
Attached Image (click to enlarge)
Click to Enlarge Name: Slika zaslona 2015-03-31 u 21.27.29.png Size: 26 KB
  • #975,815
  • Mar 31, 2015 2:30pm Mar 31, 2015 2:30pm
Resistance/trendline at 1.0775 may be hit soon. Good short scalp potential.
  • #975,816
  • Mar 31, 2015 2:33pm Mar 31, 2015 2:33pm
Quoting guzda
{quote} As I see here there is no negative rate on euro, and the only currency that has negative rate is CHF. {image}

A central bank has 3 seperate rates, the rates at the ECB are +0.30%/+0.05%/ -0.20%


I will leave it to you to figure out what they mean and what they do........


A Central bank does several things with money, some goes in, some goes out, some stays a while.......
A contrarian; I always disagree.
  • #975,817
  • Mar 31, 2015 2:33pm Mar 31, 2015 2:33pm
Quoting guzda
{quote} As I see here there is no negative rate on euro, and the only currency that has negative rate is CHF. {image}
Fixed income and money markets in certain euro countries are negative.
  • #975,818
  • Mar 31, 2015 2:35pm Mar 31, 2015 2:35pm
Quoting jplazard
{quote} Fixed income and money markets in certain euro countries are negative.

Apples and oranges, don't go confusing FI with CB's.
A contrarian; I always disagree.
  • #975,819
  • Mar 31, 2015 2:35pm Mar 31, 2015 2:35pm
Quoting 21vs7
{quote} .... now want to sell gcad..
moving along nicely. covering half

stopped again on +BE GJ but reentered as y
killed EG +100
leaving EJ
EC could hold longer
GU stopped on BE+


trading at my best lately keep on collecting
  • #975,820
  • Mar 31, 2015 2:40pm Mar 31, 2015 2:40pm
Quoting goldfinch
{quote} Spot on. Let's not forget that a dropping oil price and stronger dollar is hurting the US economy, add to that the danger of secular stagnation which is now rearing its ugly head and finally endorsed by Yellen last Friday after having had its first notice last December and I can't see the FED raising rates this year at all, something that I have been saying all year against very vocal opposition here and in the mainstream media. We are seeing signs everywhere that actually the US economy is not as rosy as it first appears as soon as you...
Please don't forget that this oil and dollar situation is mostly because geopolitical situation. One word - RUSSIA.
415 traders viewing now