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EURUSD

  • #1,091,201
  • Feb 12, 2017 2:44pm Feb 12, 2017 2:44pm
Quoting Luzbay
{quote} I blew my first account trying to trade techincals on EURUSD, when fundamentals were sending the pair plummeting. Tread with caution, it was a rather expensive education for me!
Sory for that mate. Let's hope it never happens again.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #1,091,202
  • Feb 12, 2017 3:19pm Feb 12, 2017 3:19pm
Quoting NotAtrader
EUR/USD is a mess. Technicals suggest bulls, while fundamentals push it down. Let me guess......... Neutral ranging with a slow bearish momentum. I was right last time around. Let's see what happens this time PS: I don't keep opened trades over the weekend. Hence no wishes from my side.
From a 5 Mins chart, the bullish reversal is weakening, price actions are consolidating showing that the bullish pressure is getting exhausted. Be that as it were, the overall trend has been bearish before the bullish reversal came in as an unfavorable US Prelim UoM Consumer Sentiment news which the bulls wanted to take advantage of. Now that prices are consolidating in the seemingly uptrend, this indicates that the uptrend might be coming to an end and the bears are getting ready to take the pair to its original downtrend. However, a more bearish EUR/USD pair is envisaged in this week,..... just watch out for the news to ensure you would not be taken aback!
  • #1,091,203
  • Feb 12, 2017 3:30pm Feb 12, 2017 3:30pm
It does appear that all of the news (fundamentals) is negative Euro.

That said, Trump & Co aren't doing the greenback many favours right now either.

For me, on a fundamental basis, the dollar has power over the Euro. At least the dollar, and America, know what/who they are dealing with.

Europe is a mess.
  • #1,091,204
  • Feb 12, 2017 4:29pm Feb 12, 2017 4:29pm
since we're talking fundamentals here is my personal take about the USD :

Trump will not be really interested in a weak dollar policy - it is part of his antics to jawbone , to tweet , to talk loud , to posture , but at the end of the day he is a Republican and he's forming a cabinet of Wall Streeters : how can such a bunch of guys be interested in a weak dollar policy ?

Republicans have always stood for a strong dollar policy and so will Trump : a big hint about that came during the recent Trump-Abe meeting . Had he really been interested in starting a weak dollar policy or any kind of currency war , usdjpy should have gone south to at least 110 , instead it is at 113.60 as of now

so my personal feeling is that the USD will gradually rise
  • #1,091,205
  • Feb 12, 2017 4:46pm Feb 12, 2017 4:46pm
If you are tracking EURUSD this week, note that the main trend on the pair is downwards, but the recent price action has largely been corrective. On the weekly time frame, price retraced 50% of the swing low of December 2016 created from the October 2016 peak. And all the significant technicals on both the weekly and daily time frames support a further bearish move. You can get further details on this from weekly technical outlook.

I may be wrong. Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #1,091,206
  • Feb 12, 2017 4:54pm Feb 12, 2017 4:54pm
Quoting KeenPips
If you are tracking EURUSD this week, note that the main trend on the pair is downwards, but the recent price action has largely been corrective. On the weekly time frame, price retraced 50% of the swing low of December 2016 created from the October 2016 peak. And all the significant technicals on both the weekly and daily time frames support a further bearish move. You can get further details on this from weekly technical outlook. I may be wrong. Trade safe and prosper....
i'm looking forward to short the euro this week as well
  • #1,091,207
  • Feb 12, 2017 5:03pm Feb 12, 2017 5:03pm
After President Trump's "phenomenal" tax reform promise supporting dollar strength, the pair take turn to the downside, immediate support zone around 1.0620/00.
  • #1,091,208
  • Feb 12, 2017 5:04pm Feb 12, 2017 5:04pm
There are no important data scheduled the coming week in Europe and US, focus stay on political headlines, another word: ''Trump''.
  • #1,091,209
  • Feb 12, 2017 5:35pm Feb 12, 2017 5:35pm
Quoting csc2009
After President Trump's "phenomenal" tax reform promise supporting dollar strength, the pair take turn to the downside, immediate support zone around 1.0620/00.
Don't know about you but i can't wait on what he actually has to say about it. I am sure it will be as good as it sounds. For us traders anyway.
  • #1,091,210
  • Feb 12, 2017 7:07pm Feb 12, 2017 7:07pm
Quoting gigapi4
Hi guys, I had a great week until friday where I lost all of my winnings. small account of 500$ broth it to 900$ and lost 360$ in 3 trades. I know that I over leveraged like 1 lot per trade with 500:1 leverage. and I had tight stops of 10 pips ... and was greedy to not take profits of 40 pips at one point. Can some one give me some tips how to STOP gambling like that? PS. I tradet at first 5% of my acount per trade until Friday.
Always use a lot size proportional to your account. For a $500 account, I would not go beyond .05. Do not leverage more than 1:50. My 2 cents.

Regards,
  • #1,091,211
  • Feb 12, 2017 7:14pm Feb 12, 2017 7:14pm
Quoting gigapi4
Hi guys, I had a great week until friday where I lost all of my winnings. small account of 500$ broth it to 900$ and lost 360$ in 3 trades. I know that I over leveraged like 1 lot per trade with 500:1 leverage. and I had tight stops of 10 pips ... and was greedy to not take profits of 40 pips at one point. Can some one give me some tips how to STOP gambling like that? PS. I tradet at first 5% of my acount per trade until Friday.
+1 to what Manasvi said above. Also what could be helpful is set MT4(if you use it) to show you your P/L in Pips and not in $. Makes it easier to see Forex as a game to be mastered without constantly looking for the big $ score in the short term.
  • #1,091,212
  • Feb 12, 2017 7:15pm Feb 12, 2017 7:15pm
This thing with trump will make dollar strong, better to shorting EU
Risk comes from not knowing what you're doing.
  • #1,091,213
  • Edited 7:29pm Feb 12, 2017 7:19pm | Edited 7:29pm
EURUSD, long, 1.0621, exit any time as needed.
Reason for long: heavy rain in village TUBA-DUBA-GUU over weekend , in afternoon hours.
  • #1,091,214
  • Feb 12, 2017 7:26pm Feb 12, 2017 7:26pm
Quoting ruma29
EURUSD, long, 1.0621, exit any time as needed Reason for long: heavy rain in village TUBA-DUBA-GUU over weekend , in afternoon hours.
lol Ruma
  • #1,091,215
  • Feb 12, 2017 7:56pm Feb 12, 2017 7:56pm
Quoting Manasvi
{quote} lol Ruma
nothing for "lol". That is my very strong fundamental analysis. I might be wrong....

Watching GRAMMY's, having good time...
  • #1,091,216
  • Feb 12, 2017 8:03pm Feb 12, 2017 8:03pm
waiting for a signal to short or long EURUSD today, 1.0650, break, long it. if fall to 1.05 area, short it
Forex, my love!
  • #1,091,217
  • Feb 12, 2017 8:30pm Feb 12, 2017 8:30pm
Quoting TaoJin88
waiting for a signal to short or long EURUSD today, 1.0650, break, long it. if fall to 1.05 area, short it
Long to buy or sell?

Regards,
  • #1,091,218
  • Feb 12, 2017 9:44pm Feb 12, 2017 9:44pm
Quoting Manasvi
{quote} Long to buy or sell? Regards,
if it go up to 0650, long it,

or, if it go down to 1.0590, short it

I am doing short term trades, for long-term, I still think EURUSD are going down, short it at higher positions will be a good one
Forex, my love!
  • #1,091,219
  • Edited 10:41pm Feb 12, 2017 10:26pm | Edited 10:41pm
Quoting csc2009
There are no important data scheduled the coming week in Europe and US, focus stay on political headlines, another word: ''Trump''.
ÂÂ
Hi all
This week is full of news!!ÂÂ
I see some mixed moves - stocks up....GDP low... so euro lower.
But big banks sell USA debt so euro up??
ÂÂ
I expect 0540-60. Selling after Monday. Let's give the bulls a bit of space ÂÂ
Spikes possible. And yes we can't exactly predict this market.
U/cad target 1.3055. Yen - must look at resistance.Â
Â
Green pips!!
Beware of robber banks (RB), bad advisors.
  • #1,091,220
  • Feb 12, 2017 11:24pm Feb 12, 2017 11:24pm
Quoting Peropetesh
{quote} From a 5 Mins chart, the bullish reversal is weakening, price actions are consolidating showing that the bullish pressure is getting exhausted. Be that as it were, the overall trend has been bearish before the bullish reversal came in as an unfavorable US Prelim UoM Consumer Sentiment news which the bulls wanted to take advantage of. Now that prices are consolidating in the seemingly uptrend, this indicates that the uptrend might be coming to an end and the bears are getting ready to take the pair to its original downtrend. However, a more...

As at this time of writing this, it's early Monday morning where I am, I just checked the charts now and the EUR/USD pair as made a new low around 1.0611 compared to where the market closed by the week end. There are no news this Monday to move the market's volatility, so anyone who wants to trade can as well just trade technically as for me, gonna wait till Tuesday before opening a position , . .... Stay positive !
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