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View Poll Results: What impact will the ECB Rate Decision have on the Euro?

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71. This poll is closed

  • Send Euro Higher!

    19 26.76%

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    48 67.61%

  • Will have no effect.

    4 5.63%
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Thread: Closed: Discuss EUR/USD News with a DailyFX Analyst

  1. 02-07-2011, 09:53 AM #54481
    bill2759
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    Wink Correct!

    What you say is true in most cases. However a lot of people jump on the Bandwagon after the party is over. It's always a matter of timing.
    The intermediate trend may be turning down. So most of my trades will be to the short side. That's not gonna stop me from making a few bucks on the up bounces too.
    Good Luck in your trading.

    Just checked: This trade ain't lookin too good right now. It's closer to my stop than my entry.
    So be it! That's the way the Cookie crumbles. LOL
    Quote Originally Posted by Lagune View Post
    32% changed to long after the euro drop, I think too many people are thinking they can scalp medium term, ( You SHOULD be shorting rallies not longing them, the direction is bearish. )
    Last edited by bill2759; 02-07-2011 at 09:57 AM.
  2. 02-07-2011, 10:30 AM #54482
    Bari Baig
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    Quote Originally Posted by Bari Baig View Post
    hehe thanks Gold, I primarily trade for my office account. Short covered at 3522s and went long with TP 35360 then I'd go short again. Didn't want to square but just did
    And e/u trades 3540! Long covered and gone short! TP same as before 3484

    Cheers
    Last edited by Bari Baig; 02-07-2011 at 10:32 AM.
  3. 02-07-2011, 10:59 AM #54483
    bill2759
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    Talking Gulp!

    What a nervous Nellie I'm turning into.
    After bouncing around below my entry point a 1.3528, I bailed out with a 7 pip profit. Soo! It ain't a loss, is it.
    Once again, I chickened out too early. a complete lack of intestinal fortitude.

    Oops! My goodness. A sell order I had placed and hadn't had time to clear, just opened at 1.3545. I better get a stop in on this and see where the fates take me.
    Breath! Take deep breaths Son, and put this paper bag over your head. LOL
    Last edited by bill2759; 02-07-2011 at 11:08 AM.
  4. 02-07-2011, 11:07 AM #54484
    Armitage
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    Dont Suffocate.
  5. 02-07-2011, 11:13 AM #54485
    piri
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    EUR/USD higher?

    towards 13630 from here perhaps?
  6. 02-07-2011, 11:34 AM #54486
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    Quote Originally Posted by piri View Post
    towards 13630 from here perhaps?
    That's a long run .
    I think It's shorter .
    Wait to go short ?
  7. 02-07-2011, 11:55 AM #54487
    Bari Baig
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    Quote Originally Posted by Bari Baig View Post
    And e/u trades 3540! Long covered and gone short! TP same as before 3484

    Cheers
    Sold one more unit at 35618
  8. 02-07-2011, 11:57 AM #54488
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    Gregory McLeod
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    1.3500 Significant Road Block

    Quote Originally Posted by dh12 View Post
    Eur /usd is also breaking the neckline of a head and shoulders on the 1 hour chart. Also looks bearish
    Hello dh12,
    I see the H&S on the 1-hour Euro chart. Looks like it needs a break of 1.3500 to get the party started again.
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  9. 02-07-2011, 12:03 PM #54489
    Bari Baig
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    Quote Originally Posted by Goldpro View Post
    That's a long run .
    I think It's shorter .
    Wait to go short ?
    I wouldn't disagree with you Piri. Though 3575s still holds which was computed by my model as turn around point nevertheless, my model is also suggesting a mildly sideways trend between 3535-3554s which most of the techies would take as support. If it holds well for some time, 3620s cannot be ruled out. As the pair could make an IHnS, the odds of IHnS formation are 1.84:5

    Cheers
    Last edited by Bari Baig; 02-07-2011 at 12:09 PM.
  10. 02-07-2011, 12:39 PM #54490
    Alejandro Zambrano's Avatar
    Alejandro Zambrano
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    EUR/USD London session review and outlook, February 7, 2011





    Regards

    Alejandro Zambrano
    Currency Strategist | DailyFX Forum (London)
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  11. 02-07-2011, 01:06 PM #54491
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    Selling EUR as long as it stays below last Friday high.
    Taking small losses is part of the game. Taking large losses can take you out of the game - DK -
  12. 02-07-2011, 01:14 PM #54492
    Bari Baig
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    Quote Originally Posted by Bari Baig View Post
    I wouldn't disagree with you Piri. Though 3575s still holds which was computed by my model as turn around point nevertheless, my model is also suggesting a mildly sideways trend between 3535-3554s which most of the techies would take as support. If it holds well for some time, 3620s cannot be ruled out. As the pair could make an IHnS, the odds of IHnS formation are 1.84:5

    Cheers
    Quote Originally Posted by Bari Baig View Post
    Sold one more unit at 35618
    As expected e/u has traded sideways and now the odds have gone up to 2.8:5 for the IHnS as projected earlier.

    Squared short and went long at 35560
  13. 02-07-2011, 01:16 PM #54493
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    martyman13
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    Inverse H&S

    Went long at 1.3550, looking for this scenario to play out. TP: 1.3630, SL: 1.3515
    "Excuse me, I believe you have my stapler."
  14. 02-07-2011, 01:22 PM #54494
    Bari Baig
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    Quote Originally Posted by martyman13 View Post
    Went long at 1.3550, looking for this scenario to play out. TP: 1.3630, SL: 1.3515
    Good stuff Martyman, my model projected a possible IHnS formation about an hour and a half ago nevertheless, an unusual SL, if you believe it to be IHnS, No?
  15. 02-07-2011, 01:41 PM #54495
    Bari Baig
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    High probability of premature IHnS failure. "IF" the move executes probability of an early stall out weighs that of full stretch. Expected stall region 3605-12

    Lowered my offer to 3604 with SL at 3538. Went long at 3556
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