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EURUSD

  • #1,066,741
  • May 11, 2016 12:09am May 11, 2016 12:09am
Quoting Stubborn
{quote} May I know the reason. Why southward breakout and NOT northward breakout?
Sorry, no, very hard to explain.

It is not a fact of course! It is what I anticipate.
  • #1,066,742
  • May 11, 2016 12:24am May 11, 2016 12:24am
My Intraday Setup
(pivot_point basis)

- the regression line angle marking the seventh day of E/U's dropping, still significant;
- the pair seems to oscillates 1.1385, the Last Week's Low; (making the last 36 hours average perfectly flat)
- the pressure seems to accumulates above, pushing down ...though the early hours tendency is bullish;

- no big news for today;
- big boys gossip: "pull-back has room to extend lower to 1.1300".

Green to all!
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Member
  • #1,066,743
  • Edited 1:08am May 11, 2016 12:48am | Edited 1:08am
Trying short at 1.1386 tight sl.

* S/O
Attached Image
  • #1,066,744
  • May 11, 2016 1:00am May 11, 2016 1:00am
Quoting TudorIoan
My Intraday Setup (pivot_point basis) - the regression line angle marking the seventh day of E/U's dropping, still significant; - the pair seems to oscillates 1.1385, the Last Week's Low; (making the last 36 hours average perfectly flat) - the pressure seems to accumulates above, pushing down ...though the early hours tendency is bullish; - no big news for today; - big boys gossip: "pull-back has room to extend lower to 1.1300". Green to all! {image}
I feel the tendency to sell is fading out. Maybe the previous week was too exhausting for big players and there are no news to boost their trading activity.
Patience is a key to joy.
  • #1,066,745
  • May 11, 2016 1:00am May 11, 2016 1:00am
Do you like coffee, guys?
Coffee lovers with long positions have enjoyed flavored drinks now double
after an advance of almost 8 % in few sessions
Member
  • #1,066,746
  • May 11, 2016 1:12am May 11, 2016 1:12am
Quoting TeddyBearish
{quote} I feel the tendency to sell is fading out. Maybe the previous week was too exhausting for big players and there are no news to boost their trading activity.
Yep, I am affraid so ...I mean, even technical there is an important view creating a strong possible long term upwards turn
Change my mind, up?! no ...change again, dw ...uh, aaaaa, up? no, dw! ...
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  • #1,066,747
  • Edited 1:55am May 11, 2016 1:29am | Edited 1:55am
Quoting TudorIoan
{quote} Yep, I am affraid so ...I mean, even technical there is an important view creating a strong possible long term upwards turn Change my mind, up?! no ...change again, dw ...uh, aaaaa, up? no, dw! ... {image}
Fed and ECB will not make any change of their monetary policies soon. US economy is at the level of full employment and it will limit further growth. EU economy slowdown is not strong. Greek crisis has been averted this time. Fear of Brexit has already realized its potential. Market is waiting for a new stimulus.

EURUSD is just mirroring moves of other pairs now, esp. USDJPY and USDCNH.
Patience is a key to joy.
  • #1,066,748
  • May 11, 2016 1:38am May 11, 2016 1:38am
​fourth long taken, lost two and one stopped at b.e, entry is at 1.1372 - stops at b.e now
also short UJ from 109.32
  • #1,066,749
  • May 11, 2016 1:43am May 11, 2016 1:43am
Quoting Vorex
{quote} Another boring day, closing shop, let my trade run, either hit sl or bag some profit.
Looks like it hit my sl & then went down as I thought it will, but since this is the EUR/USD thread one can write anything and people will believe me....

So here is what I did.... I moved my sl higher and added more shorts and closed half at 108.57 & let the rest run....
"After the fact"
  • #1,066,750
  • May 11, 2016 1:44am May 11, 2016 1:44am
Quoting TeddyBearish
{quote} Fed and ECB will not make any change of their monetary policy soon. US economy is at the level of full employment and it will limit further growth. EU economy slowdown is not strong. Greek crisis has been averted this time. Fear of Brexit has already realized its potential. Market is waiting for a new stimulus. EURUSD is just mirroring moves of other pairs now, esp. USDJPY and USDCNH.
Excellent. Thanks ...confirming the fundies I've been read about lately
...slightly bullish today
Member
  • #1,066,751
  • May 11, 2016 1:47am May 11, 2016 1:47am
EUR/NOK has formed smth like a triangle .
Possible burst up after that , have a look
  • #1,066,752
  • May 11, 2016 2:42am May 11, 2016 2:42am
EUR/USD has infected all pairs , so everything is dead today .
Hopefully GBP will make a move after DATA
  • #1,066,753
  • May 11, 2016 2:43am May 11, 2016 2:43am
It will be good to adopt a top down approach to trading. That way you will not be impulsive to every pa; 'Go south now, oh no it's going north...time to go long!!' Btw, as every day presents an opportunity for learning and growth, what did you learn yesterday or last week that would help you trade better for greater success today? Share it at a lesson learnt.


KP
Do your homework, follow the footprints of smart money
  • #1,066,754
  • May 11, 2016 2:44am May 11, 2016 2:44am
Quoting Vorex
{quote} Looks like it hit my sl & then went down as I thought it will, but since this is the EUR/USD thread one can write anything and people will believe me.... So here is what I did.... I moved my sl higher and added more shorts and closed half at 108.57 & let the rest run.... "After the fact"
on EU?
  • #1,066,755
  • May 11, 2016 3:07am May 11, 2016 3:07am
Quoting Rtm
{quote} Man, im sorry to hear that! I was subscribed to the swamp for a while but it just got too confusing for me. Im sad to hear that had to end that way for you but this thread here always good! Im sure you a good trader and clearly can make good calls, you were on the short train before it happened! HAHAHA Maybe will be good to take a break from FF for a while? I do so occasionally too.
Quoting Ross88
{quote} my first interaction on FF was gator being rude to me he definitely has a high opinion of himself. some people who are good at forex become egotistical. I ask a question on the swamp as a way of fishing for opinions. and instead of saying his thread was not meant to be used like this gator was rude and contradicted himself when I pointed this out in a not so polite manner which am sorry about as am not a rude guy in real life. I was also kick out and put on ignore. I wish him the best but him must be insufferable in real life I do not think...
Thank you guys for the moral support. I appreciate it. .

...yet ultimately I'm not writing in any forum anymore... What's the point? I reckon 80 to 85% of so called writers are unsuccessful, stupid, unimaginative or unemployed.... How can i compete with or contribute in an equal discussion? I tried though, my conscience is clear now time to get the money. I may drop a hint once a month, to keep profile alive...
Good luck but only to my few subscribers and subscriptions.
Beware of robber banks (RB), bad advisors.
  • #1,066,756
  • May 11, 2016 3:08am May 11, 2016 3:08am
EUR/USD appears to be caught in a range between 1.14 and 1.1360. Currently, the pair is trading at 1.1387. No major news are expected today so we might see a continuation of sideways trading.
  • #1,066,757
  • May 11, 2016 3:26am May 11, 2016 3:26am
Quoting Don96
{quote} on EU?
No, UJ
  • #1,066,758
  • May 11, 2016 4:34am May 11, 2016 4:34am
When I wrote this last Tuesday:
Quoting TeddyBearish
I think, according to fundamentals, the fair price is somewhere between 1.13 and 1.14 ...
I did not suppose market would obey me so thoroughly.
Patience is a key to joy.
  • #1,066,759
  • May 11, 2016 4:49am May 11, 2016 4:49am
eurusd has been in the slim line ranging, but i think traders can look at other pairs for now just to do in some pips... like some pairs as attached
covering the market back to back may just make us some pips while the eurusd is sleeping.
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  • #1,066,760
  • Edited 5:45am May 11, 2016 5:31am | Edited 5:45am
Quoting TeddyBearish
When I wrote this last Tuesday: {quote} I did not suppose market would obey me so thoroughly.
I think there is not a fair price that fits both the US and European Union. The fair price for the US is around 1.14 , but for the EU is around 1.10. The price swings between these two areas are an expression of the ongoing currency war. The war will be won by those who keep the price closest as possible to its fair price area. The impact on the economy can be seen well, because when the price approaches to 1.10 Europe's economy takes a breath of relief , and the data return encouraging, but when the price remains high begin the first signs of economy slowdown.

P.S: How many posts I have to write to no longer be a Junior Member? If I have to post a chart, unless it is an hourly chart , it becomes useless since the price moves away from my level in the meantime.
In economics, the majority is always wrong.
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