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EURUSD

  • #1,044,601
  • Dec 16, 2015 1:52am Dec 16, 2015 1:52am
So everybody is a bear it seems...
COT: The precious data ignored
  • #1,044,602
  • Edited 2:05am Dec 16, 2015 1:54am | Edited 2:05am
shorted GJ ... waiting for kiwi to break down ... UCAD not moving ...
edit : shorted EJ new HH s/o ... shorted kiwi too ...
  • #1,044,603
  • Dec 16, 2015 1:57am Dec 16, 2015 1:57am
Quoting Hickson
{quote} why are you saying you love the man and then afterwards mocking him?
Not mocking him.. Just try to make a joke to relaxe him a little
  • #1,044,604
  • Dec 16, 2015 1:57am Dec 16, 2015 1:57am
Quoting kuroro001
So everybody is a bear it seems...
normal ....
  • #1,044,605
  • Dec 16, 2015 1:58am Dec 16, 2015 1:58am
Quoting MaxDoom
Are you ready for today? take the quick quiz.... NO GOGGLE it defeats to objective 1) Why will prices be volatile today? 2) What is the current market expectation from the FED today? 3) What will happen to EU if Fed increase interest rates today by 25 basis points? 4) Would a rate rise today be good for equities? 5) Is the current dominant trend in EU Bull or Bear? 6) What will happen to the EU if they don't raise the rates today?
That's a fun post!

1. FED, light trading volumes in holiday markets.
2. 25bp hike
3. Longer term it should lose its value against the USD because of the rate differentials. Short-term and in particular in terms of knee-jerk reaction nobody knows. According to CFTC there are still plenty of dollar longs.
4. Weak, ill-defined question. In the US, probably not, short term bonds are likely to sell off (who needs .21% 1MO paper when next week you get higher yield?) though the markets evaluation may be that the FED considers the US recovery strong enough to withstand a hike. But in Europe with the prospect of a falling currency, and Draghi buying, and reinvesting the proceeds of the expiring LTROs there is money, exports are looking good...so where is it going to go?
5. We've been ranging since March and we are in the middle of that range, so its anybody's guess.
6. The EU looks prettier atm, PMIs are pointing up, oil is cheap (EU is a consumer with the exception of the UK and Norway, no oil sector to be hurt by low oil), credit is cheap, so there is room for growth. So, I'd expect EUR to go up.

Having said all of that I am flat and staying so. Thanks for the quality question.
  • #1,044,606
  • Dec 16, 2015 1:59am Dec 16, 2015 1:59am
Quoting Anubisval
{quote} Not mocking him.. Just try to make a joke to relaxe him a little
u call him a mad cow and mock him and say its to relax him?
Dont trade like me..
  • #1,044,607
  • Dec 16, 2015 2:00am Dec 16, 2015 2:00am
Quoting MaxDoom
{quote} sometimes new traders trade without knowing the basics of what they need to know, sometimes they over complicate with too much information making it difficult to make clean trading decisions, my answers are as follows: 1) Why will prices be volatile today? Lack of volume the answer is no more complicated than that, when volume disappears price can travel greater differences for less transacted volume 2) What is the current market expectation from the FED today? Hawkish statement and a rate hike 3) What will happen to EU if Fed increase interest...
hi maxdoom.
did you means eur/usd or alone euro.
two different things . last durghi's speech/appearance indicate that EURO is now at equilibrium state range between 1.05 to 1.1500 as a eur/usd.
don't predict direction, but dance with flow of water
  • #1,044,608
  • Dec 16, 2015 2:19am Dec 16, 2015 2:19am
Quoting sanvulture
{quote} u call him a mad cow and mock him and say its to relax him?
  • #1,044,609
  • Dec 16, 2015 2:19am Dec 16, 2015 2:19am
Quoting MaxDoom
{quote} sometimes new traders trade without knowing the basics of what they need to know, sometimes they over complicate with too much information making it difficult to make clean trading decisions, my answers are as follows: 1) Why will prices be volatile today? Lack of volume the answer is no more complicated than that, when volume disappears price can travel greater differences for less transacted volume 2) What is the current market expectation from the FED today? Hawkish statement and a rate hike 3) What will happen to EU if Fed increase interest...
  • #1,044,610
  • Dec 16, 2015 2:21am Dec 16, 2015 2:21am
Quoting MaxDoom
taken an EU short off weekly pivot rejection also long DAX and crude {image}
i got one aswell 0933.
  • #1,044,612
  • Dec 16, 2015 2:22am Dec 16, 2015 2:22am
Quoting edyraper
shorted GJ ... waiting for kiwi to break down ... UCAD not moving ... edit : shorted EJ new HH s/o ... shorted kiwi too ...
nu you are selling hourly lows??
If you are new to Forex? Say Goodbye to your account!!
  • #1,044,613
  • Dec 16, 2015 2:24am Dec 16, 2015 2:24am
Quoting edyraper
shorted GJ ... waiting for kiwi to break down ... UCAD not moving ... edit : shorted EJ new HH s/o ... shorted kiwi too ...
out from EJ short ...

Quoting KiwiTrada
{quote} nu you are selling hourly lows??
expexting break down ... lookign for 10 pips ...
  • #1,044,614
  • Edited 2:58am Dec 16, 2015 2:25am | Edited 2:58am
if
1. No rate hike, and no hint of rate hike in near future.
2. No rate hike, but a hint of a rate hike in near future.
3. 25Bps rate hike, but no future guidance of further rate hikes.
4. 25Bps rate hike, and some guidance on step by step rate hikes in near future.
5. 50Bps rate hike, and some guidance on step by step rate hikes in near future.
than
1.1.1250 soon and 1.15-1.2000 near future
2. 1.1250 soon 1.15 near future
3. Bi-Directional move 1.0850-1.1050
4. 1.0850 possible and a drop below
5. 1.0462 and parity in 2016
don't predict direction, but dance with flow of water
  • #1,044,615
  • Dec 16, 2015 2:30am Dec 16, 2015 2:30am
Quoting priceaction1
thanks to T@rantula (http://www.forexfactory.com/showthre...84#post8647384) if 1. No rate hike, and no hint of rate hike in near future. 2. No rate hike, but a hint of a rate hike in near future. 3. 25Bps rate hike, but no future guidance of further rate hikes. 4. 25Bps rate hike, and some guidance on step by step rate hikes in near future. 5. 50Bps rate hike, and some guidance on step by step rate hikes in near future. than 1.1.1250 soon and 1.15-1.2000 near future 2. 1.1250 soon 1.15 near future 3. Bi-Directional move 1.0850-1.1050...
  • #1,044,616
  • Dec 16, 2015 2:33am Dec 16, 2015 2:33am
Quoting edyraper
{quote} out from EJ short ... {quote} expexting break down ... lookign for 10 pips ...
pretty risky, but if she breaks south it going to be quick and a lot more than 10 pips im thinking, watching 4hr lows
If you are new to Forex? Say Goodbye to your account!!
  • #1,044,617
  • Dec 16, 2015 2:40am Dec 16, 2015 2:40am
Quoting ill_be_back
Pending SHORT {image}
still in ?
  • #1,044,618
  • Dec 16, 2015 2:42am Dec 16, 2015 2:42am
Good morning everyone,

Attached Image

As per my calculations EU at this current moment is a short term sell.
Current price 1.09222
TP1 1.09078
tp2 1.08866
SL a close at or above 1.09346

Should the sl be closed prior to the tp1 being hit then I will long for a lot size of around 4 eurs per pip.

TP1 1.09614 (main daily pivot)
TP2 1.09826
  • #1,044,619
  • Dec 16, 2015 2:44am Dec 16, 2015 2:44am
Quoting priceaction1
{quote} hi maxdoom. did you means eur/usd or alone euro. two different things . last durghi's speech/appearance indicate that EURO is now at equilibrium state range between 1.05 to 1.1500 as a eur/usd.
EU = EURUSD
as for what you have inferred from last draghi speech it means nothing, the price is the price, the trend is the trend, and the monetary policy is what it is, Draghi does not have the power to maintain the rate at any given level. and even if that were true a FED hike would alter the said equilibium
  • #1,044,620
  • Dec 16, 2015 2:46am Dec 16, 2015 2:46am
possible to see a rate hike and a bullish USD becasue crude is so low.
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