Thread: Closed: Discuss EUR/USD News with a DailyFX Analyst

Originally Posted by zion

Eur/usd minor intraday support 12275 held ...reduced my short by 50%. Now do not expect eur/usd beyond 12250. will close my shorts for long if gets back again to 12275 zone

Closed entire shorts for ~70pips and now long target is 12460 zone wuld keep buiding positions towards that area. Stop is 12230. Justify S&P expected to hold the recent upper of 1040-1105 range. As long as 1105 holds buyers would appear

Originally Posted by Mary R

It seems every official all over the world has been trying to talk up the Euro and say that everything is fine in the EU . But under the surface there are reports of serious trouble brewing, particularly in the Spanish banking system. Stay tuned

Mary this is not just any other official, but China's VP, so his words holds a bit more weight than most others...

Regarding Spains banking system, I refer you to my previous post. I know that field rather well...

Originally Posted by PoundGuy

Its only a case of FAITH in God but seing that we are all speculatots in this market we all put our faith in the analysis we dont know what the future holds but yet we go short or long and get our rewards when we are on the right side of the move.

Even with God we do the same its a shame that usually we only realize that when we are blessed and our prayers are answered.

Point is keep the faith

It was last sunday Church Service

Errmmmm Thanks

It was this bit I was referring to for Pivotal :


Faith is Believing what you Dont See The REWARD of Faith is Seing What you Believe

Originally Posted by nopainnogain

Pivotal i dont know how long you have been in those position or how many lots your holding . if you are down substantially & not sleeping at night . JUST close those position outt (and i min. after you close them out the could turn around ) you still made the best trade of youe life. as time goes by you will understand what i am saying .hope things go well.

I travel light, but thanks for the advice.

I am a bit past the point where one's convinced this is a new for of the most painful chinese form of torture though...

Originally Posted by Pivotal12

Mary this is not just any other official, but China's VP, so his words holds a bit more weight than most others...

Regarding Spains banking system, I refer you to my previous post. I know that field rather well...

I don't think the Chinese VP would come out and say that he thinks the euro is going to crash and their investment in Greek infrastructure is not insignficant. yet, the slowdown in the EU may have just begun since some of the countries austerity cuts have not yet begun to impact the markets or consumers. In addition, weakness in the EU bond market and in bank lending to consumers and businesses remains very low by historic standards. So I find it hard to believe that the euro is beginning a true new upward trend. On the other hand, there is very strong support at 1.225. The pair may end up being range bound for a period of time

Originally Posted by Colly

Errmmmm Thanks

It was this bit I was referring to for Pivotal :


Faith is Believing what you Dont See The REWARD of Faith is Seing What you Believe

I have faith in many things but when the word God (especially in capital) comes into play, I feel very, very suspicious... even though I am no stranger to prayers occasionally.

Lets just say that I find Bill Maher's approach to that subject extremely close to mine.

It's Been Awhile, but back at it again. Looks to me that currently at / close to bottom of channel, setting up for a move back up. Or it could be mature and break down. I say look for confirmation in a few minutes, or any increased activity around 10:30am EST.

Originally Posted by Mary R

I don't think the Chinese VP would come out and say that he thinks the euro is going to crash and their investment in Greek infrastructure is not insignficant. yet, the slowdown in the EU may have just begun since some of the countries austerity cuts have not yet begun to impact the markets or consumers. In addition, weakness in the EU bond market and in bank lending to consumers and businesses remains very low by historic standards. So I find it hard to believe that the euro is beginning a true new upward trend. On the other hand, there is very strong support at 1.225. The pair may end up being range bound for a period of time

I agree with the last part of your statement and, to an extent, to the first part. The only thing that you don't include in the big picture (and it is of significance) is the effect the de fact euro devaluation is having already and will have in the future (immediate) on the exports of the European Community.

And that is where the whole thing balances precisely in the opposite way of what your scenario supports.

I see Colly

Originally Posted by Colly

Errmmmm Thanks

It was this bit I was referring to for Pivotal :


Faith is Believing what you Dont See The REWARD of Faith is Seing What you Believe

Meanwhile closing a couple of units for a nice gain and keeping still a couple more because we are going to test 23 again...

The concept behind

If you dont mind me asking why very, very suspicious???

Originally Posted by Pivotal12

I have faith in many things but when the word God (especially in capital) comes into play, I feel very, very suspicious... even though I am no stranger to prayers occasionally.

Lets just say that I find Bill Maher's approach to that subject extremely close to mine.

Originally Posted by PoundGuy

I see Colly

Maybe you are not the only one who sees, or hears, or feels, but that G word is sooooooooooooo emotive that the wise and humble often just keep quiet about it

Originally Posted by Mat23

Maged,
If you are new. Be ware of "margin calls." Do you margin calls ? If the value in "Usbl Mr" comes to zero. Your account will be liquidated and forced to close all open positions at currenmt market price.

Thanks Colly, Actually I was once so close to this position, and thankfully I took a wise decision to put a SL .. But sometimes its tempting to wait and look for a reversal ....

It's lovely to share with you .. And I looked up your chart .. nice work my friend ... Blesses
---------------------------------
Soliman

Originally Posted by Pivotal12

I agree with the last part of your statement and, to an extent, to the first part. The only thing that you don't include in the big picture (and it is of significance) is the effect the de fact euro devaluation is having already and will have in the future (immediate) on the exports of the European Community.

And that is where the whole thing balances precisely in the opposite way of what your scenario supports.

Traders care less about fundamentals (economic cycles). Investors do care about economic cycles. Traders only follow the short term trend. Day Traders profit from noise. These noise are well governed by trading levels of relative assets

Originally Posted by stryker

managed 20 odd pips on a lot and other at breakeven.
However re checking the charts, I should have jumped guns shorting from 2340ish yesterday..

2248-52 followed by 2218..

Longs await at 2253 and again at 2225.. stops right under....
Tgt 2370ish...
GL ALL...

now out with scalping gear. i can't rule another attempt to 2248-53... will play these small ranges with 2285 now topping, or looks to be, for an attempt lower. next bounce is what i intend to sit tight on to it...

GL....