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EURUSD

  • #980,501
  • Apr 13, 2015 4:54pm Apr 13, 2015 4:54pm
Quoting tomas.v
EURUSD below parity till the end of 2nd quarter? anyone wants to join this bet?
No, more like 1.2**
  • #980,502
  • Apr 13, 2015 4:59pm Apr 13, 2015 4:59pm
Quoting maldegnegi
{quote} No, more like 1.2**
Please explain this view. I don't understand what the fundamentals would be to drive a huge move like that in merely two and a half months? Especially with ECB QE going on and the greek tragedy? (+ let's not forget the adage "sell in May and walk away" )
  • #980,503
  • Apr 13, 2015 5:01pm Apr 13, 2015 5:01pm
EG looks to be sliding
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Come with me if you want to live....
  • #980,504
  • Apr 13, 2015 5:03pm Apr 13, 2015 5:03pm
Quoting srt
{quote} Valuations are OK but I'd be more concerned about overall economies if all the financial "tools" being used don't get the desired results. In 2008 interest rates were much higher so keep reducing to help the economy. What can they do now if economies falter again? More money printing? QE forever? Rates to -3%? In the US, more debt now than in 2008 when many were way overleveraged then.
all central bankers have become keynesians, playing "beggar thy neibhour". donīt like this, but this is the game atm. so which asset class to hold in order to protect myself? stocks... and if so, german stocks will be the best in class
fortis fortuna adiuvat
  • #980,505
  • Apr 13, 2015 5:03pm Apr 13, 2015 5:03pm
Quoting ill_be_back
{quote}
It is likely to test today's lows before bounce.
Intraday only.
  • #980,506
  • Apr 13, 2015 5:05pm Apr 13, 2015 5:05pm
Quoting ExForX
{quote} Please explain this view. I don't understand what the fundamentals would be to drive a huge move like that in merely two and a half months? Especially with ECB QE going on and the greek tragedy? (+ let's not forget the adage "sell in May and walk away" )
Sell what asset? Dollar or EUR? It is quite late in the hour over here. I will post a few charts tomorrow, this is my view. What I am playing for, not a recommendation like many do around here. It is already in the charts, I see it. I will post with a few fundamental reasons backing it as well, however I am purely technical not a fundie analyst. Without a fed rate hike parity can never happen.
  • #980,507
  • Apr 13, 2015 5:09pm Apr 13, 2015 5:09pm
Quoting MaxDoom
{quote} ps.... but not when you work for a financial trading company of course. Don't get hung up on it, my comments are in the interest of all non commercials here
yes ...

you have other commitments when it is professional and accurate to ensure something for customers ...
someone is professional and what matters is M / M ...
apologize for referencing your post...
to say what interests us most markets.
  • #980,508
  • Apr 13, 2015 5:09pm Apr 13, 2015 5:09pm
Quoting maldegnegi
{quote} Sell what asset? Dollar or EUR? It is quite late in the hour over here. I will post a few charts tomorrow, this is my view. What I am playing for, not a recommendation like many do around here. It is already in the charts, I see it. I will post with a few fundamental reasons backing it as well, however I am purely technical not a fundie analyst. Without a fed rate hike parity can never happen.
Good plan, I guess we live in the same timezone, pretty late over here as well, I'm off to bed. See you tomorrow.
  • #980,509
  • Apr 13, 2015 5:15pm Apr 13, 2015 5:15pm
Quoting fxtyrant
{quote} Well it still is pathetically weak and fundies are bad... Greece to default if imf talks go bad.... Buddy not the right time to rejoice going long on eurusd yet
What are your thoughts on the ECB conf coming up?
  • #980,510
  • Apr 13, 2015 5:26pm Apr 13, 2015 5:26pm
I always here about the EUR / USD fix?
When does this happen? How do I protect against this?
Is it a problem? I'm doing very well but I get so worried when I read these things.....
Are there other times we should be 100% out of the market?

The closing currency “fix” refers to benchmark foreign exchange rates that are set in London at 4 p.m. daily. Known as the WM/Reuters benchmark rates, they are determined on the basis of actual buy and sell transactions conducted by forex traders in the interbank market during a 60-second window (30 seconds either side of 4 p.m.).The benchmark rates for 21 major currencies are based on the median level of all trades that go through in this one-minute period.
The importance of the WM/Reuters benchmark rates lies in the fact that they are used to value trillions of dollars in investments held by pension funds and money managers globally, including more than $3.6 trillion of index funds. Collusion between forex traders to set these rates at artificial levels means that the profits they earn through their actions ultimately comes directly out of investors’ pockets.


Read more: http://www.investopedia.com/articles...#ixzz3XENF1QGu
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Back from the dead * ding fries are done *
  • #980,511
  • Apr 13, 2015 5:31pm Apr 13, 2015 5:31pm
the next jackoīs approaching
fortis fortuna adiuvat
  • #980,512
  • Apr 13, 2015 5:43pm Apr 13, 2015 5:43pm
Wrong thread
  • #980,513
  • Edited 5:57pm Apr 13, 2015 5:45pm | Edited 5:57pm
Quoting ryder950
I always here about the EUR / USD fix? When does this happen? How do I protect against this? Is it a problem? I'm doing very well but I get so worried when I read these things..... Are there other times we should be 100% out of the market? The closing currency fix refers to benchmark foreign exchange rates that are set in London at 4 p.m. daily. Known as the WM/Reuters benchmark rates, they are determined on the basis of actual buy and sell transactions conducted by forex traders in the...


"I always here about the EUR / USD fix? When does this happen?"

It happens @4p.m UK time. Unless you are a scalper, there is nothing you should worry about.

The more important time however is 3 pm UK time or in your continent 10:00 am CET, it is the option expiry cut -there is alot of interest 30 mins before and 15 mins after that hour, especially on thursdays.

"How do I protect against this?"

If you have no position you are protected, however if you are holding anything and you are a scalper and you worry about 10-20-30 pips you can just close or become a swing trader of your choice mini short term or very long term. If you are on demo you can come back to this thread and brag about how amazing trader you are, that you started working for an investment bank through your connections and you run a family fund. You can even go the extra mile and claim you have some levels that only you can understand and these levels are so cool that you make 600 pips while risking 2 pips plus the spread of your broker. We will believe you. Nothing to worry. Sleep tight.
  • #980,514
  • Apr 13, 2015 5:54pm Apr 13, 2015 5:54pm
Quoting maldegnegi
{quote} "I always here about the EUR / USD fix? When does this happen?" It happens @4p.m UK time. Unless you are a scalper, there is nothing you should worry about. The more important time however is 3 pm UK time or in your continent 10:00 am CET, it is the option expiry cut -there is alot of interest 30 mins before and 15 mins after that hour, espcially on thursdays. "How do I protect against this?" If you have no position you are protected, however if you are holding anything and you are a scalper and you worry about 10-20-30 pips you can just...
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Perfecting your entry will increase your profits
  • #980,515
  • Apr 13, 2015 5:59pm Apr 13, 2015 5:59pm
Quoting maldegnegi
{quote} "I always here about the EUR / USD fix? When does this happen?" It happens @4p.m UK time. unless you are a scalper, there is nothing you should worry about. The more important time however is 3 pm UK time or in your continent 10:00 am CET, it is the option expiry cut -there is alot of interest 30 mins before and 15 mins after that hour, espcially on thursdays. "How do I protect against this?" If you have no position you are protected, however if you are holding anything and you are a scalper and you worry about 10-20-30 pips you can just...
I'm not a scalper but I have been taking the advice of some people I met on here. And I has been doing ok.
I have a 12pip risk with each trade. Just trying to time the right entry. Looks like I could get stopped out if I hold over night during the "fix"
I have been trying to just trade the NY open because it seems to move the most... I guess the fix can actually work out to your favor 50 / 50...
Thanks for the reply.
Back from the dead * ding fries are done *
  • #980,516
  • Apr 13, 2015 6:10pm Apr 13, 2015 6:10pm
Quoting ryder950
{quote} I'm not a scalper but I have been taking the advice of some people I met on here. And I has been doing ok. I have a 12pip risk with each trade. Just trying to time the right entry. Looks like I could get stopped out if I hold over night during the "fix" I have been trying to just trade the NY open because it seems to move the most... I guess the fix can actually work out to your favor 50 / 50... Thanks for the reply.
12 pips - I assume your broker is charging you 1.5 or 1.8 pip spread cost - is a very conservative trade setup for a newbie. If you have not mastered trade entry setups, with 12 pips limited risk tolerance, it is likely you will get stopped out most of the time. I use 30 pips with my trades, my entries are not really bright however I take small trades and several ones. Every trade has its own risk and return. Always wait for the end of London first trading hour and trade accordingly for the first trades of the day. Next one comes after the close of 4H bar @10:00 am UK time. The daily trend is usually reversed around 12:00 am UK time before US opens and another trade set up is prepared for US open. I dont trade US sessions as the liquidity disappears and I have no interest to kill myself in front of the screens 24/7.
  • #980,517
  • Apr 13, 2015 6:39pm Apr 13, 2015 6:39pm
Quoting maldegnegi
{quote} 12 pips - I assume your broker is charging you 1.5 or 1.8 pip spread cost - is a very conservative trade setup for a newbie. If you have not mastered trade entry setups, with 12 pips limited risk tolerance, it is likely you will get stopped out most of the time. I use 30 pips with my trades, my entries are not really bright however I take small trades and several ones. Every trade has its own risk and return. Always wait for the end of London first trading hour and trade accordingly for the first trades of the day. Next one comes after the...
Really I'm just looking for a turning point where I think it may stop and reverse before the NY open and try to pick a direction I think it is heading. I set the stop at 12pips and the limit at 90pips profit... If it works great, if not I lose 12 pips. I have never held over-night though....
That's why I was researching the fix stuff because I had heard about it in some book.

Happy trading
Back from the dead * ding fries are done *
  • #980,518
  • Apr 13, 2015 6:42pm Apr 13, 2015 6:42pm
DDay soon
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  • #980,519
  • Apr 13, 2015 6:52pm Apr 13, 2015 6:52pm
Quoting maldegnegi
{quote} 12 pips - I assume your broker is charging you 1.5 or 1.8 pip spread cost - is a very conservative trade setup for a newbie. If you have not mastered trade entry setups, with 12 pips limited risk tolerance, it is likely you will get stopped out most of the time. I use 30 pips with my trades, my entries are not really bright however I take small trades and several ones. Every trade has its own risk and return. Always wait for the end of London first trading hour and trade accordingly for the first trades of the day. Next one comes after the...
Great information... thanks. ...
  • #980,520
  • Apr 13, 2015 7:00pm Apr 13, 2015 7:00pm
Quoting navk
{quote} It is likely to test today's lows before bounce.
Have a pending SHORT at 05960, if this goes DOWN will cancel
A good trader follows his rules, but great trader knows when to break them
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