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EURUSD

  • #1,066,581
  • May 9, 2016 3:59pm May 9, 2016 3:59pm
Quiet day, lack of strength on both sides keep the pair in a tight range between 1.1415 to 1.1370.
  • #1,066,582
  • Edited 5:57pm May 9, 2016 5:31pm | Edited 5:57pm
EURUSD = officially a dead pair. First brokers have started to remove the pair already as it consists of sideway movement since months already and this will not change since TTIP is coming which unifies the EU + US economy and hence no more movements will happen on EURUSD.
  • #1,066,583
  • May 9, 2016 6:19pm May 9, 2016 6:19pm
Quoting geektrader
EURUSD = officially a dead pair. First brokers have started to remove the pair already as it consists of sideway movement since months already and this will not change since TTIP is coming which unifies the EU + US economy and hence no more movements will happen on EURUSD.
You can already see volume reducing year after year... soon it will just be truly going sidewards maybe a 1 pip range?
  • #1,066,584
  • May 9, 2016 6:26pm May 9, 2016 6:26pm
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 32 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,066,585
  • May 9, 2016 6:27pm May 9, 2016 6:27pm
Quoting mrhigurashi
{quote} You can already see volume reducing year after year... soon it will just be truly going sidewards maybe a 1 pip range?
Yep, US + EU economy moves very close together because of upcoming TTIP, EUR and USD will basically behave like one global currency economy wise, hence this pair is going to be dead - and as you already see, volume of it reduces year after year because of exactly that reason. Since TTIP should be done by end of 2016, I think the pair will stall from here on and latest end of 2015 and won´t move much anymore (at least not to make money trading it).
  • #1,066,586
  • May 9, 2016 6:43pm May 9, 2016 6:43pm
Quoting Magix
{image}


Short it Magix!! ... short it!!
  • #1,066,587
  • May 9, 2016 7:04pm May 9, 2016 7:04pm
Quoting geektrader
{quote} Yep, US + EU economy moves very close together because of upcoming TTIP, EUR and USD will basically behave like one global currency economy wise, hence this pair is going to be dead - and as you already see, volume of it reduces year after year because of exactly that reason. Since TTIP should be done by end of 2016, I think the pair will stall from here on and latest end of 2015 and wont move much anymore (at least not to make money trading it).
Yep. Id say its only still popular because of its low spread. But it only has a low spread because it barely moves!
  • #1,066,588
  • May 9, 2016 7:23pm May 9, 2016 7:23pm
prev
http://www.forexfactory.com/showthre...39#post8914639
http://www.forexfactory.com/showthre...40#post8914640

I may add more lots this bearish
  • #1,066,589
  • May 9, 2016 7:30pm May 9, 2016 7:30pm
Quoting smilemiz
{quote} it was easy to be a speculator.. easy go easy lose {image}
will keep these positions

next week will be more strong bearish afer end of wave 1&2
  • #1,066,590
  • May 9, 2016 7:33pm May 9, 2016 7:33pm
Quoting smilemiz
{quote} will keep these positions next week will be more strong bearish afer end of wave 1&2
my prediction: Thursday after NY noon or my timezone (early Friday).. will start bearish back
  • #1,066,591
  • May 9, 2016 7:48pm May 9, 2016 7:48pm
Quoting smilemiz
hello sunday! my euro on 4 hours TFRAME hope this could help {image}
update
prev
http://www.forexfactory.com/showthre...=8914639#reply
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Click to Enlarge Name: euh410516.png Size: 17 KB
  • #1,066,592
  • May 9, 2016 7:55pm May 9, 2016 7:55pm
Quoting smilemiz
prev http://www.forexfactory.com/showthre...39#post8914639 http://www.forexfactory.com/showthre...40#post8914640 I may add more lots this bearish
Attached Image (click to enlarge)
Click to Enlarge Name: aight.png Size: 17 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,066,593
  • May 9, 2016 7:56pm May 9, 2016 7:56pm
Quoting Magix
{quote} {image}
ok
  • #1,066,594
  • May 9, 2016 7:57pm May 9, 2016 7:57pm
Quoting smilemiz
{quote} ok
ok
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,066,595
  • May 9, 2016 8:05pm May 9, 2016 8:05pm
Quoting Magix
{quote} ok
ok
  • #1,066,596
  • May 9, 2016 8:09pm May 9, 2016 8:09pm
Quoting Vorex
{quote} ok
ok
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,066,597
  • May 9, 2016 10:13pm May 9, 2016 10:13pm
Quoting mrhigurashi
{quote} Yep. Id say its only still popular because of its low spread. But it only has a low spread because it barely moves!
Thats the point, but most people are to *beep* to do the math and notice that this pair is actually expensive! You have to see the spread in relation to the average true range. For example yesterday, EURUSD had a range of 20 pips, so the max you could make was 20 pips on each trade, with 0.4 pips spread. Lets see GBPJPY, moved 126 pips with 1.6 pips spread at my broker at least. Now you put this in relation to see the pair with profit weighted total costs per trade: 20 / 0.4 = 8 for EURUSD, 126 / 1.6 = ~78 for GBPJPY! So GBPJPY, with its daily range, is heaps cheaper to trade although the spread is 4x higher than EURUSD. Plus, it has clear directions and moves compared to EURUSD right now.
  • #1,066,598
  • May 9, 2016 10:39pm May 9, 2016 10:39pm
Quoting TeddyBearish
I am afraid it has very few in common with free market. One bunch of monetary interventionists is fighting another one and the result is hardly predictable so the rest of market is sitting and waiting. :-(
Hey, Ted! It looks like EU wanna continue its way down. Do you think there are any important news coming today to stop the lowing trendency?(besides technical supports)
Member
  • #1,066,599
  • May 9, 2016 10:45pm May 9, 2016 10:45pm
Now is the time long gbp and eu for 100 pip move.........
joine me mql5.........
  • #1,066,600
  • Edited 11:08pm May 9, 2016 10:49pm | Edited 11:08pm
Quoting geektrader
{quote} Thats the point, but most people are to *beep* to do the math and notice that this pair is actually expensive! You have to see the spread in relation to the average true range. For example yesterday, EURUSD had a range of 20 pips, so the max you could make was 20 pips on each trade, with 0.4 pips spread. Lets see GBPJPY, moved 126 pips with 1.6 pips spread at my broker at least. Now you put this in relation to see the pair with profit weighted total costs per trade: 20 / 0.4 = 8 for EURUSD, 126 / 1.6 = ~78 for GBPJPY! So GBPJPY, with its...
I have been saying that for months , but You explained it properly !
Thanks !
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