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

Originally Posted by turmaz

ppl here so much about politics and different countries doing this and doing that, and specially news effect on the currencies, i feel that ppl kinda like to trade on news and most of them lose at the end of the day. all i want to say is very less ppl share different strategies and the reasons behind their trades the technical reasons. in my 250 posts have you ppl ever noticed i talked about "NEWS" never. because market are not driven by news yes i agree they have "impact".
back in those day i recall when give allot of attention to news and always watching news, reuters, cnbc, do u know what the result was my frustration getting bigger and my account getting smaller day by day and when i stopped watching and talking news and its impact on the market my frustration getting smaller and my account getting larger day by day. its all present in the charts.

the theme and moral of the above "crap story" is ppl share strategies and tell/find technical reasons for every trade.

Is it really necessary to share strategies? Is that important to you? Just keep on buying, one of these days, you'll be right, that's the market, kind to everyone....

Originally Posted by jbiggart

Robert, what do you reacon you will trade after the Euro hits 0.00 and you eventually close your short position?

If the euro is no longer trusted as an alternative reserve currency, investors will still want some other place than the dollar. So, I'm long term bullish on both the pound and the loonie. Cable I have been flipping back and forth (currently I am long after riding the short down the inflation-report crash, and then unfortunately leaving it short for much of the retrace) but ultimately it should go up. Loonie I have long in the demo account (cracked 75K last night! it was 55K at the start of the month) for the only minus on that board: sinking oil prices hurt Canada; still, the economy is sound and the central bankers respected; although it is not a really large economy it may come to be perceived as somewhat of a safe haven (Australia never will be).

Interesting idea I saw floated: how about, instead of booting weaker economies from the euro, Germany exits? A strong deutsche mark and weak "euro" would make some sense.

Originally Posted by turmaz

ppl here so much about politics and different countries doing this and doing that, and specially news effect on the currencies, i feel that ppl kinda like to trade on news and most of them lose at the end of the day. all i want to say is very less ppl share different strategies and the reasons behind their trades the technical reasons. in my 250 posts have you ppl ever noticed i talked about "NEWS" never. because market are not driven by news yes i agree they have "impact".
back in those day i recall when give allot of attention to news and always watching news, reuters, cnbc, do u know what the result was my frustration getting bigger and my account getting smaller day by day and when i stopped watching and talking news and its impact on the market my frustration getting smaller and my account getting larger day by day. its all present in the charts.

the theme and moral of the above "crap story" is ppl share strategies and tell/find technical reasons for every trade.

Sorry I am balanced, and look at both. Charts, and watch the news. But always take the news with a grain of salt. News about central banks affect trends! Period! This thread is called Discuss EUR/USD news

Originally Posted by Robert Eckert

If the euro is no longer trusted as an alternative reserve currency, investors will still want some other place than the dollar. So, I'm long term bullish on both the pound and the loonie. Cable I have been flipping back and forth (currently I am long after riding the short down the inflation-report crash, and then unfortunately leaving it short for much of the retrace) but ultimately it should go up. Loonie I have long in the demo account (cracked 75K last night! it was 55K at the start of the month) for the only minus on that board: sinking oil prices hurt Canada; still, the economy is sound and the central bankers respected; although it is not a really large economy it may come to be perceived as somewhat of a safe haven (Australia never will be).

Interesting idea I saw floated: how about, instead of booting weaker economies from the euro, Germany exits? A strong deutsche mark and weak "euro" would make some sense.

i'm glad i asked - great trading!

probably suits german exports to have a week euro rather than a strong mark?

Originally Posted by turmaz

ppl here so much about politics and different countries doing this and doing that, and specially news effect on the currencies, i feel that ppl kinda like to trade on news and most of them lose at the end of the day. all i want to say is very less ppl share different strategies and the reasons behind their trades the technical reasons. in my 250 posts have you ppl ever noticed i talked about "NEWS" never. because market are not driven by news yes i agree they have "impact".
back in those day i recall when give allot of attention to news and always watching news, reuters, cnbc, do u know what the result was my frustration getting bigger and my account getting smaller day by day and when i stopped watching and talking news and its impact on the market my frustration getting smaller and my account getting larger day by day. its all present in the charts.

the theme and moral of the above "crap story" is ppl share strategies and tell/find technical reasons for every trade.

Hello turmaz,

You bring up an interesting point and you are certainly entitled to your opinion. The official title of the thread happens to be "Discuss EUR/USD News with a DailyFX Analyst" However, I am glad that we have a nice mix of news, fundamentals, and technicals. I believe that we are a well balanced group of extraordinary individuals.

But I'll create a poll and see what the room thinks. Thanks for voicing your concerns. Alex and I want to see more discussion more interchange and amicable disagreements and differing points of view are very much welcome and encouraged!!!

Originally Posted by Gregory McLeod

Hello turmaz,

You bring up an interesting point and you are certainly entitled to your opinion. The official title of the thread happens to be "Discuss EUR/USD News with a DailyFX Analyst" However, I am glad that we have a nice mix of news, fundamentals, and technicals. I believe that we are a well balanced group of extraordinary individuals.

But I'll create a poll and see what the room thinks. Thanks for voicing your concerns. Alex and I want to see more discussion more interchange and amicable disagreements and differing points of view are very much welcome and encouraged!!!

Has anyone been reading Ski Bunny and Joey Lee go at it on the EW forum - I think we manage pretty well here, being mostly men and all.

Would not surprise me if we see a large spike on or before minutes released.

Just two examples of profit taking from news. Careful set ups. The last RBA decision every one was expecting a rate cut of 25 points. I set up a AUD short 15 min before the news release with a 50 pip stop. They cut 50 points. Held my AUD short for days. Banked some nice pips.


The last NFP I expected a terrible number. After the number was released it was bad. But I new the euro would spike up. Waited 15min then entered short. It still kept climbing. OH no! I waited and soon sellers jumped in. Banked 60 pips. But I made a bad mistake. Wish I still held that short now. I agree to some degree that news is crap. But not when it comes to central banks, they can change a trend.

Peace and good luck to you!

Originally Posted by Clivewaverider

Has anyone been reading Ski Bunny and Joey Lee go at it on the EW forum - I think we manage pretty well here, being mostly men and all.

Yes, don't let the name 'SkiBunny' fool you, she is a tigress who can hold her own.

Originally Posted by Gregory McLeod

Hello turmaz,

You bring up an interesting point and you are certainly entitled to your opinion. The official title of the thread happens to be "Discuss EUR/USD News with a DailyFX Analyst" However, I am glad that we have a nice mix of news, fundamentals, and technicals. I believe that we are a well balanced group of extraordinary individuals.

But I'll create a poll and see what the room thinks. Thanks for voicing your concerns. Alex and I want to see more discussion more interchange and amicable disagreements and differing points of view are very much welcome and encouraged!!!

Hello Traders! I have changed the poll as the Euro is closing in on our 1.2600 target.

Does the Euro thread talk too much about politics and new? Please take a moment to answer the poll.

Can I check both answers on the poll?. This forum is a lot more technical than fundamental which is a good mix for me since I am a techie. But there is not enough discussions on strategies and or tactics being used to make profits.

Originally Posted by jbiggart

i'm glad i asked - great trading!

probably suits german exports to have a week euro rather than a strong mark?

German exports overseas have been hit as hard as any European exports (Toyota still sells well in the US; BMW, not so much) but Germany has been cushioned from that by their success in exporting to other Eurozone countries (it used to cost a lot of drachmas/liras/pesetas to buy German products when the weakness of the southern economies was priced into the money, but not any more). So German GDP is still growing-- at the expense of the other countries shrinking, in an unfortunate zero-sum game which can turn into a negative-sum game if the southern economies fall so hard that consumer demand dramatically contracts. I am not alone in seeing it that way; but Merkel doesn't see it that way, and her opinion counts more than mine.

Thread is informative, and friendly. Helpful to new traders, and the experienced. I have learned a lot from those that post here. Many here have helped my trading. Those that post here alot have made me a better trader. They opened my eyes to many factors, and techniques. I think any change would be a mistake, and drive some away. If anything gets out of hand. I am sure Gregory will hammer down... LOL

Peace

Originally Posted by Robert Eckert

German exports overseas have been hit as hard as any European exports (Toyota still sells well in the US; BMW, not so much) but Germany has been cushioned from that by their success in exporting to other Eurozone countries (it used to cost a lot of drachmas/liras/pesetas to buy German products when the weakness of the southern economies was priced into the money, but not any more). So German GDP is still growing-- at the expense of the other countries shrinking, in an unfortunate zero-sum game which can turn into a negative-sum game if the southern economies fall so hard that consumer demand dramatically contracts. I am not alone in seeing it that way; but Merkel doesn't see it that way, and her opinion counts more than mine.

WOW - well all that's way above my pay grade - i'm sticking to the simple stuff in future

Originally Posted by rcopadilla

Can I check both answers on the poll?. This forum is a lot more technical than fundamental which is a good mix for me since I am a techie. But there is not enough discussions on strategies and or tactics being used to make profits.

Its hard for one thread to be all things to all people. The Trading Strategies Thread is where traders can discuss more specific strategies and indicators.