- #1,003,743
- Jun 24, 2015 2:53am Jun 24, 2015 2:53am
Everyone has a plan 'till they get punched in the mouth.
- #1,003,744
- Jun 24, 2015 2:54am Jun 24, 2015 2:54am
Shorted 1.12200 I expect weak German Ifo.
If Ifo is good DAX moves up and so does the EUR/USD. Now it is 1.1217 because DAX fell to 11520. If we get a strong rebounce from 11490 to 11600 we'll see EUR/USD 1.1150. Otherwise further correct to 1.1250 perhaps.
- #1,003,745
- Jun 24, 2015 2:55am Jun 24, 2015 2:55am
- Joined Mar 2015 | Status: Trader | 1,305 Posts
{quote} https://www.tradingview.com/chart/MwNYB45o/ Waiting for reaction. Will short at 1.1280-1.1290 with close stops at 1.13 but somehow I am expecting it to rise and break the top (not today). Yesterday was a bizarre day - lost all scalps
- #1,003,746
- Jun 24, 2015 2:59am Jun 24, 2015 2:59am
- Joined Jun 2012 | Status: ケンジ | 21,416 Posts
Gents observe DAX! There is a strong correlation now between DAX and EUR/USD rate. Yesterday recovery from 11.40 was caused by DAX moving from 11640 to 11.560. EUR is not an asset. It is carry currency which means that when there is appetite for risk (Greece problem resolved) international trades rush into "risky" european asset like DAX, CAC etc. THEY DO NOT CHANGE USD INTO EUR to purchase EUR shares, THEY BORROW EUR AT LOW RATE collaterizing with USD assets. At the same time they hedge their EUR/USD exposure by buying EUR/USD short forward contracts....
{quote} I would count on the opposite
If Ifo is good DAX moves up and so does the EUR/USD.
Now it is 1.1217 because DAX fell to 11520.
If we get a strong rebounce from 11490 to 11600 we'll see EUR/USD 1.1150. Otherwise further correct to 1.1250 perhaps.
You are contradicting yourself - make up your mind instead of wild goose chase/misleading yourself and others
- #1,003,747
- Jun 24, 2015 3:03am Jun 24, 2015 3:03am
{quote} {quote} You are contradicting yourself - make up your mind instead of wild goose chase/misleading yourself and others
- #1,003,748
- Jun 24, 2015 3:08am Jun 24, 2015 3:08am
- Joined Jun 2012 | Status: ケンジ | 21,416 Posts
{quote} I meant the other way round heh if DAX goes up, EUR/USD will go down
Lemme guess, you gonna say because DAX is declining
- #1,003,750
- Jun 24, 2015 3:10am Jun 24, 2015 3:10am
- Joined Sep 2011 | Status: Trader | 6,363 Posts
{quote} Back in {image}
A good trader follows his rules, but great trader knows when to break them
- #1,003,752
- Jun 24, 2015 3:13am Jun 24, 2015 3:13am
- Joined Jun 2012 | Status: ケンジ | 21,416 Posts
{quote}
- #1,003,753
- Jun 24, 2015 3:13am Jun 24, 2015 3:13am
- Joined Jun 2013 | Status: Trader by hobby not by profession | 7,050 Posts
- #1,003,754
- Jun 24, 2015 3:14am Jun 24, 2015 3:14am
- Joined Jun 2012 | Status: ケンジ | 21,416 Posts
{quote} The bad numbers didn't harm too much for the euro.
- #1,003,755
- Jun 24, 2015 3:15am Jun 24, 2015 3:15am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
time to defend 195 98 geppy
If you are new to Forex? Say Goodbye to your account!!
