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EURUSD

  • #1,095,361
  • Mar 9, 2017 6:23am Mar 9, 2017 6:23am
Quoting skillz16
WOw! Really in-between area right now. It looks like the long term could switch to short if it opens below 1.0540... I actually had the signal switch on me overnight so I'm nervously short a bit for a small profit at the moment. In nervous because it is above the old 1.0535 LONG support and never could break 1.05. I'm worried this could be a giant bear trap... Man trading is difficult! It has been a rough few days/weeks recently right? Not in terms of $ lost yet, but in terms of pure confusion. Haha.
Noone can force You to trade Euro , there are plenty of other instruments much easier to trade .
  • #1,095,362
  • Mar 9, 2017 6:26am Mar 9, 2017 6:26am
What do you guys think about this news? I'm waiting to trade follow by the news result. Need some opinion. Thank you
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  • #1,095,363
  • Mar 9, 2017 6:38am Mar 9, 2017 6:38am
this pair had been in a very short range in the last days, even the fundamentals did not change this, as just happened with the Challenger cut rates.

The above maybe its not true anymore with the coming minimum bid rate, ECB Press conference and unemployment claims, so its expected big volatility, but the question is to which side ?

Using a little of technical analysis, I GUESS that could be to the short side.

Let`s see the following hour.

Green pips to all.
  • #1,095,364
  • Mar 9, 2017 6:40am Mar 9, 2017 6:40am
out of longs from late ny 0533 to 0560. Only buying dip imo. 0644 needs to be reach and kissed. draghi and fed movements i dont trust. sideline and watching
  • #1,095,365
  • Mar 9, 2017 6:42am Mar 9, 2017 6:42am
Quoting skillz16
WOw! Really in-between area right now. It looks like the long term could switch to short if it opens below 1.0540... I actually had the signal switch on me overnight so I'm nervously short a bit for a small profit at the moment. In nervous because it is above the old 1.0535 LONG support and never could break 1.05. I'm worried this could be a giant bear trap... Man trading is difficult! It has been a rough few days/weeks recently right? Not in terms of $ lost yet, but in terms of pure confusion. Haha.
It has indeed been very rough.
And indeed i keep asking myself why I even trade this EURUSD shit.
Currently, for the first time, I don't. I wait...
Much better opportunity on higher timeframes on other markets. Very relaxed adding/reducing/managing risk, instead of staring at this shit all day long.
For the EURUSD; what I really should do is short it and don't look at it anymore for a month or two. But I don't have the patience, the confidence nor the money to do this (yet).

The Daily has it all folks...
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you are not expected to understand this
  • #1,095,366
  • Mar 9, 2017 6:45am Mar 9, 2017 6:45am
Unemployment Claims might help bring down this baby... I am shorting 1.05800-1.0600.. I don't buy this LONG
  • #1,095,367
  • Mar 9, 2017 6:45am Mar 9, 2017 6:45am
Quoting kittikann.s
What do you guys think about this news? I'm waiting to trade follow by the news result. Need some opinion. Thank you {image}
Everyone is waiting for the ECB meeting today and the possible US Fed rate hike on 3/15. As for which direction, it is in a really inbetween state today.

My personal systems favor SHORT at the moment, but it could not break 1.05... it looks like if we get a definitive break above 1.05685 once the ECB is on, then the SHORT signal could be a bear trap... my signals for direction usually last about 2 weeks to a month...

Right now I'm still cautiously short...
  • #1,095,368
  • Mar 9, 2017 6:46am Mar 9, 2017 6:46am
SHORT going crazy... looks like UBS mentioned some news about there being no taper talk for EUR until SEPT... we shall see. =D

Obviously: the EUR being "tightened" would have a tendency to push EURUSD up...this is loosened/same. so if that really is not happening and US really is tightening we shall see...
  • #1,095,369
  • Mar 9, 2017 7:01am Mar 9, 2017 7:01am
QE is all they've got.Other then cajoling the Bonds to go along using forward guidance. Hasn't worked very well so far. Fade any risk on rallies that the algo's dream up would be my take.
  • #1,095,370
  • Mar 9, 2017 7:11am Mar 9, 2017 7:11am
i think draghi will make Euro weaker as usual ! and euro is the only currency still strong against $$ without positive reasons !
i think he will continue QE lets see
  • #1,095,371
  • Mar 9, 2017 7:12am Mar 9, 2017 7:12am
fair value for Euro 1.24. We are below the belt. Hitting below the belt allows to officials to come in. beginning of the fireworks maybe?
  • #1,095,372
  • Mar 9, 2017 7:13am Mar 9, 2017 7:13am
Quoting Snowden
Shorting EURGBP Up against resistance / range top & DEMA(30) See if big data ahead gets the ball rolling.
A start. Want sub 865# to keep bulls locked out of play for a bit longer.
  • #1,095,373
  • Mar 9, 2017 7:17am Mar 9, 2017 7:17am
"the Euro is too weak, we can't let this happen"
~ Angela Merkel

"lol"
~ Goldman Sachs
you are not expected to understand this
  • #1,095,374
  • Mar 9, 2017 7:20am Mar 9, 2017 7:20am
Draghi is doing his best to bring the euro down but will fail in all his attempts. if merkel loses by a small margin his head will be chopped first.They can repeat "extended period of time" as much as they want. 60 Billion is less than 80 Billion. Period.Expect EUR rally to start April 1st 2017.
  • #1,095,375
  • Mar 9, 2017 7:21am Mar 9, 2017 7:21am
maybe 1.0300????!!!!
  • #1,095,376
  • Mar 9, 2017 7:30am Mar 9, 2017 7:30am
Silence now

Inserted Video
  • #1,095,377
  • Mar 9, 2017 7:32am Mar 9, 2017 7:32am
Chutiapanti
The Phoenix Trader....
  • #1,095,378
  • Mar 9, 2017 7:33am Mar 9, 2017 7:33am
Quoting jusstin911
1.0547 may not be bad for a LONG scalp
Seems like it.. if i took this LONG, my TP would be right at 1.05896
  • #1,095,379
  • Mar 9, 2017 7:36am Mar 9, 2017 7:36am
Everything in his speech right now sounds weak EUR and long term SHORT... so far. No tightening at all or reduced purchases or anything. I'd expect to see EURUSD go down and have 1.05685 as SHORT resistance right now... but watch me get killed... haha
  • #1,095,380
  • Mar 9, 2017 7:38am Mar 9, 2017 7:38am
If 1.0540 can break, I'd expect a HUGE and FAST fall. But just my theory.
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