EURUSD | Page 50776 | 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

  • #1,015,501
  • Aug 2, 2015 12:47pm Aug 2, 2015 12:47pm
Quoting MissPips
{quote} Hedge funds borrow in one currency (the cheap one) to buy higher yielding assets, which can include stocks. The influence of the carry trade on stocks is well. One explanation: known. http://blogs.wsj.com/moneybeat/2013/...s-wall-street/
Can you use US dollar to buy Chinese stocks? Do not you have to convert the US dollar to RMB to invest in Chinese equities? Do the FX exchange and stocks purchase have to occur at the same time, same hour, same minute? So why FX big movement have to occur at the same time when equities market is open considering FX market is 24 hours open? FX big movement can happen any time when there is FX related data release, irrelevant of stocks market open or not.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #1,015,502
  • Aug 2, 2015 12:52pm Aug 2, 2015 12:52pm
Quoting ffleo
{quote} Can you use US dollar to buy Chinese stocks? Do not you have to convert the US dollar to RMB to invest in Chinese equities? Do the FX exchange and stocks purchase have to occur at the same time, same hour, same minute? So why FX big movement have to occur at the same time when equities market is open considering FX market is 24 hours open? FX big movement can happen any time when there is FX related data release, irreverent of stocks market open or not.
also lots of the carry trades do not move the FX market a bit. Many of them just move the market slowly and gradually, not big movements.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #1,015,503
  • Aug 2, 2015 12:56pm Aug 2, 2015 12:56pm
Quoting MissPips
{quote} Right. Sorry. Should have quoted NY or GMT time instead of my own...
u were right i think.. my post was hours after yours
those who can, do. those who cant, talk about those who can
  • #1,015,504
  • Aug 2, 2015 1:07pm Aug 2, 2015 1:07pm
Quoting ffleo
{quote} Can you use US dollar to buy Chinese stocks? Do not you have to convert the US dollar to RMB to invest in Chinese equities? Do the FX exchange and stocks purchase have to occur at the same time, same hour, same minute? So why FX big movement have to occur at the same time when equities market is open considering FX market is 24 hours open? FX big movement can happen any time when there is FX related data release, irreverent of stocks market open or not.
If you wanted to buy or sell a lot of a currency would you like to do it when most of the traders are dealing or when they are not? What happens when you try buy or sell a lot in a thinner market?

This chart is EURUSD vols for one day posted by a guy says he works for a company that has a major FX trading platform. It's GMT so 14:30 on it is 9:30 NY. (From here http://theessentialsoftrading.com/Bl...-distribution/.) It agrees exactly with the 9:30 open theory, for EURUSD anyway. And yes, big spikes can happen at when US news comes out at 8:30, but the question is how many people really make money from news trading?) There is no central market for Forex so anecdotal evidence is about all you're going to get, and all of it that I've heard and read says 9:30 NY time.
Attached Image
  • #1,015,505
  • Aug 2, 2015 1:11pm Aug 2, 2015 1:11pm
if we go below 1.0893, watch for 1.1011/1025
  • #1,015,506
  • Aug 2, 2015 1:19pm Aug 2, 2015 1:19pm
Quoting navk
Hi Guys, Gator, ken, all experts, I am studying some moves in FX market.. Is there any ways to know the hourly moves ( by pips ) ? How many pips By each hour ? FF open and London open, NY open give maximum hourly moves as it happened on last Friday. Attached is the chart. I am trying to form a method to catch those hourly moves. If I know which hour gives maximum pips, I can trade on those hours, so my question. {image}
i just dont chase b/o. i let it b/o than if i want to trade that direction. i need it to retrace first. the highs held as well as the lows last week. it was was above adr friday near R.. odds were it would come back to 1002 before a move above 1135.. the r/r was better for a short there.. at 1110 it was 25 pips from 1135 or 108 pips from 1002. with the larger charts bearish to me. it wasn't that hard to take the shot.. my fear now is pre nfp pump..
those who can, do. those who cant, talk about those who can
  • #1,015,507
  • Aug 2, 2015 1:25pm Aug 2, 2015 1:25pm
I dont think we will see much volatility next week till friday with the NFP and the unemployment rate.
  • #1,015,508
  • Edited 1:43pm Aug 2, 2015 1:33pm | Edited 1:43pm
Quoting MissPips
{quote} If you wanted to buy or sell a lot of a currency would you like to do it when most of the traders are dealing or when they are not? What happens when you try buy or sell a lot in a thinner market? This chart is EURUSD vols for one day posted by a guy says he works for a company that has a major FX trading platform. It's GMT so 14:30 on it is 9:30 NY. (From here http://theessentialsoftrading.com/Bl...-distribution/.) It agrees exactly with the 9:30 open theory, for EURUSD anyway....
you used a wrong example to back your argument. You used a single day of VOLUME chart.
Now I found a better data and it is pips movement per hour averaged over certain days.

The peak appear at 10 am New York Time but that does not mean the big movement starts at 10 am. The big movements start at exactly 8am when the US session starts. And what is the difference between 8 am and 10 am? A freaking 2 to 3 pips compared to an overall movement of over 20 pips.

http://www.dailyfx.com/forex/educati...e_Euro_js.html

Attached Image
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #1,015,509
  • Aug 2, 2015 1:35pm Aug 2, 2015 1:35pm
Quoting airmac
{quote} I agree with your point. However I would add that trendiine that some try to make it fit is actually qualified as "inner trendline" or I like to call it a frequency line. You can also call it a gann line or whatever They seem to be broken many times but in a way still respected. That's why subjectivity here with a lot of experience plays a big role and that's how it should be imo...
i guess we can make all lines fit subjectively with many variables. it's like one of the supreme court justices said about the question of "whats porn" he had no definition for it, but he said "i know it when i see it". so the guy using a tl that has broken many times knows when he/her sees it. but from someone looking in i dont see how a 5 time break is not a break.. is it just ignoring the tl breaks because they are not fitting opinion made earlier or a bias? i guess the only answer is time influenced.
those who can, do. those who cant, talk about those who can
  • #1,015,510
  • Aug 2, 2015 1:43pm Aug 2, 2015 1:43pm
Is eur/usd going to gap down or up when markets open? Or nothing big moving the markets over the weekend?
  • #1,015,511
  • Aug 2, 2015 1:52pm Aug 2, 2015 1:52pm
Quoting gatorinla
{quote} i guess we can make all lines fit subjectively with many variables. it's like one of the supreme court justices said about the question of "whats porn" he had no definition for it, but he said "i know it when i see it". so the guy using a tl that has broken many times knows when he/her sees it. but from someone looking in i dont see how a 5 time break is not a break.. is it just ignoring the tl breaks because they are not fitting opinion made earlier or a bias? i guess the only answer is time influenced.
of course. Not every body or group see the trendline the same way, and react to the line at the same place in the same way. basically you are debunking the whole subject of trenline that has been in exsitance for decades
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #1,015,512
  • Aug 2, 2015 1:57pm Aug 2, 2015 1:57pm
Quoting Taigen
{quote} Right on... I only pointed out that we are vulnerable. China would cut their own throat at this stage so you are absolutely correct. What they can do is manipulate our currency with regards to big purchases such as a 30 plane Boeing deal and things like that. But indeed, they must be cautious. Becoming the largest debtor nation in history, the U.S. is vulnerable when we went from an 8 trillion debt at the end of Bush's term to 18 trillion debt in just six years during Obama's term. It does gives cause for concern since most of the...
its a little disingenuous with obligations leftover much more than stated plus future interest on top.. after all i buy a home for 200 k and at the end of 30 years pay 400k... do we say i bought 400k on a house? lets at least be honest about it.. we spent a few trillion on a oil wars (future debt with interest) to protect some kingdoms in the desert. its not like saddam wasn't going to sell us oil. hell he was the only thing standing in front iran.. so now we may still have to fight them..hell the saudis repaid our effort with oil at 162 pb.(in 2002 oil was in the low twenties pb). with friends like that who needs enemies...
if you go by the spanish american war fought by theodore roosevelt.. it took 100 years to pay for that one fought with horses and mules.. and for 100 years after that each president included it in the budget. even ronald reagan in peace time, spent more than all other presidents before him combined. he wasn't concerned about the deficit. i know that pisses a few people off, it's just a fact of the times.. that's why i am indepent..
those who can, do. those who cant, talk about those who can
  • #1,015,513
  • Aug 2, 2015 2:03pm Aug 2, 2015 2:03pm
Quoting ffleo
{quote} of course. Not every body or group see the trendline the same way, and react to the line at the same place in the same way. basically you are debunking the whole subject of trenline that has been in exsitance for decades
In FX, there is noting to the pips. It is always a level, an area, a range. Nothing to the pip.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #1,015,514
  • Aug 2, 2015 2:07pm Aug 2, 2015 2:07pm
Quoting ffleo
{quote} of course. Not every body or group see the trendline the same way, and react to the line at the same place in the same way. basically you are debunking the whole subject of trenline that has been in exsitance for decades
i just a very simple question. when is a perceived tl not a tl. 5 didnt seem to be enough. so is it 6 or 7 or ?
those who can, do. those who cant, talk about those who can
  • #1,015,515
  • Aug 2, 2015 2:12pm Aug 2, 2015 2:12pm
Quoting gatorinla
{quote} i just a very simple question. when is a perceived tl not a tl. 5 didnt seem to be enough. so is it 6 or 7 or ?
I do not think that line coming down from a year ago is broken yet. Every time when euro gets to that line and poked above it euro is knocked down heavily. So we cannot fit that line to pips when the volatility is so high around that line. Obviously that line is defended so strongly right now. But the line is converging to 1.08 this week and next week. Have to see which way it breaks out
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #1,015,516
  • Aug 2, 2015 2:19pm Aug 2, 2015 2:19pm
Quoting ffleo
{quote} you used a wrong example to back your argument. You used a single day of VOLUME chart. Now I found a better data and it is pips movement per hour averaged over certain days. The peak appear at 10 am New York Time but that does not mean the big movement starts at 10 am. The big movements start at exactly 8am when the US session starts. And what is the difference between 8 am and 10 am? A freaking 2 to 3 pips compared to an overall movement of over 20 pips. http://www.dailyfx.com/forex/educati...e_Euro_js.html...
Here is a better one with data from 31 brokers from the Triennial Central Bank Survey 2010, published by the Bank for International Settlements (BIS), again showing the most volume between 9 and 10 with the peak at 10 (from here http://forums.babypips.com/newbie-is...-market-4.html).

Pip movement, or volatility, is not indicative of when the most players are in the market. (You can have a lot of volatility and unpredictable moves during off hours). What you want is predictability, which you get when there are more players not when there are fewer players)
Attached Image (click to enlarge)
Click to Enlarge Name: ForexVolumerev.png Size: 22 KB
  • #1,015,517
  • Aug 2, 2015 2:20pm Aug 2, 2015 2:20pm
Quoting ffleo
{quote} I do not think that line coming down from a year ago is broken yet. Every time when euro gets to that line and poked above it euro is knocked down heavily. So we cannot fit that line to pips when the volatility is so high around that line. Obviously that line is defended so strongly right now. But the line is converging to 1.08 this week and next week. Have to see which way it breaks out
probably takes more than two weeks to break out of that wedge (pennant). 1.08 is the level to watch

Attached Image (click to enlarge)
Click to Enlarge Name: euro-2015-08-02 14:16:56.png Size: 36 KB
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #1,015,518
  • Aug 2, 2015 2:21pm Aug 2, 2015 2:21pm
Quoting B00bies
Is eur/usd going to gap down or up when markets open? Or nothing big moving the markets over the weekend?
12 pips different currently.
  • #1,015,519
  • Aug 2, 2015 2:24pm Aug 2, 2015 2:24pm
Quoting ffleo
{quote} I do not think that line coming down from a year ago is broken yet. Every time when euro gets to that line and poked above it euro is knocked down heavily. So we cannot fit that line to pips when the volatility is so high around that line. Obviously that line is defended so strongly right now. But the line is converging to 1.08 this week and next week. Have to see which way it breaks out
picture? i can't get a clear one, w/o starting well below 1.3993. 3602 on the week to 2568.. using 3993 we are miles away from it
those who can, do. those who cant, talk about those who can
  • #1,015,520
  • Aug 2, 2015 2:25pm Aug 2, 2015 2:25pm
Quoting MissPips
{quote} Here is a better one with data from 31 brokers from the Triennial Central Bank Survey 2010, published by the Bank for International Settlements (BIS), again showing the most volume between 9 and 10 with the peak at 10 (from here http://forums.babypips.com/newbie-is...-market-4.html). Pip movement, or volatility, is not indicative of when the most players are in the market. (You can have a lot of volatility and unpredictable moves during off hours). What you want is predictability, which you get when there are...
ok, when you talk about volume, I have no argument against you.
ignore wackos and psychos, including myself. But I can't add myself to iggy
1,652 traders viewing now