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

Originally Posted by ssdbsnl

Let Biggari speak something. Please...

biggari has spoken

Stryker,

I have taken a new long @ 12550 with a target of 12660 and stop @ 12440....

Originally Posted by Robert Eckert

Lots of people are saying Draghi *should* weaken the currency. He has made it plain he intends to do the opposite.

But why would demand surge for a $10 loaf, when other brands are selling below $5, for the same quality, same everything except the label? Faddish buying for the ----- label can of course happen sometimes, but I would have thought that people whose business is money would be less subject to that kind of silliness.

A more extreme example: USD/JPY has a structural bearish bias (Japan keeps selling more than it imports). When the yen was restabilized after WWII, the exchange rate was 500. It has shed almost a whole zero since then. The Bank of Japan from time to time intervenes to slow the long-term drop-- but is USD/JPY ever going back to 500? Is there anybody who would be bullish on USD/JPY above 100 nowadays?

Most speculators who are buying today will be closing out tomorrow; that is why SSI is a contrarian indicator. I have to stop looking at the short term trends altogether and aim for a couple weeks down the line. The question is whether there are enough large purchasers who are buying to hold long-term, and keep buying in, enough to counter the structural bearish bias (among those who are buying or selling euros for business reasons, of course there are going to continue to be more non-Europeans selling goods in Europe and European tourists taking trips to the US than the reverse, as long as Europe is systematically overpriced). A massive (~95B) asset transfer from European to Asian banks from ~3/15 to ~5/1 propped up the euro during that period; is the banking establishment setting another such transfer in motion? Franosh linked below to a Financial Times article suggesting that China still has appetite for such acquisitions.

a great majority of trading the FX market is mental. You Robert have a grasp of the fundis like few others but you let that influence your trades and give you a bias, when that bias is not being met you then get even further in depth looking for the reasons why its not doing "what it should". Go read Mark Douglas's pdf I posted for you, I think it will be a great help to you. Its the one PDF I recommend to anyone looking to trade the FX market. If I were you I'd step away for a few days, clear my head and come back.

It was as expected the retrace; hence the reason perhaps most were shorting into from 2560-70..
Anyways, this is a a retest to the neck in progress on 4 hrs USD and as long it stays under the blue line it should continue the fall...
I have closed hf my shorts scalps and the rest on even..
Ok just hearing the perhaps beige book report kinda mentioning no QE3.. Am I hearing it wrong..

GL..

Originally Posted by Bal

Stryker,

I have taken a new long @ 12550 with a target of 12660 and stop @ 12440....

I wish you good luck.. you need a min 15 mins close above 2555-56 within next 30 mins to be comfortable...
If I have to add I probably will add scalps longs above 2578-80...
Keeping it light and tight here...
A hold at 2555-58 and we decline to 2518-21...

GL...

Originally Posted by 11one

Please elaborate...what does the full moon have to do with trading?

Funny thing is, a buddy and I looked back a few weeks ago at all the full moons for the past year thinking it may have something to do with trading. I would love to hear many opinions should there be any!!!

Thanks

Do moon phases influence financial markets?

here is a beginning, personally I cant see the moon on my charts so I pay no attention to it but I do know traders that do use astrological reasoning in thier trading..how well do they do? I dont know, dont care thats a bit too far out there for me.
Good luck

Originally Posted by stryker

I wish you good luck.. you need a min 15 mins close above 2555-56 within next 30 mins to be comfortable...
If I have to add I probably will add scalps longs above 2578-80...
Keeping it light and tight here...
A hold at 2555-58 and we decline to 2518-21...

GL...

a close above 2520 is needed to see more topside. We have surpassed the ADR by about 25% so for today, the moves are done

Originally Posted by 11one

Please elaborate...what does the full moon have to do with trading?

Funny thing is, a buddy and I looked back a few weeks ago at all the full moons for the past year thinking it may have something to do with trading. I would love to hear many opinions should there be any!!!

Thanks

Not just the moon. In fact, every other planet in the solar system has impacts. That will bring you into the territory of Gann and beyond.

If anyone is curious, last Friday was combust: mercury and venus conjunction, the Monday full moon, true node going retro, on Tuesday Neptune goes Retro and Venus squaring Mars and the moon is at apogee, and Wedneday Venus transitting, eclipsing the Sun. It's not about one single astro events, but a cluster, and the combination of what sort of clustering that makes the difference.

Originally Posted by CodyB

a close above 2520 is needed to see more topside. We have surpassed the ADR by about 25% so for today, the moves are done

Hi Cody i have an ADR of 127, so how do you get its over by 25% when we have moved about 133pips that would be around 5% above ADR?

amazing sharpness...

London session review and outlook June 6 - 2012
Review of markets covered in today's edition of Bulls vs. Bears: EUR/USD, GBP/USD, AUD/USD, FTSE100, S&P500, Gold, Brent Crude and WTI.




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Alejandro Zambrano
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Originally Posted by asylum

Hi Cody i have an ADR of 127, so how do you get its over by 25% when we have moved about 133pips that would be around 5% above ADR?

I have one with 110 and another with 124, it will depend on broker open. I used the 110 figure

Originally Posted by Robert Eckert

Is there anybody who would be bullish on USD/JPY above 100 nowadays?

Maybe. Yen (the currency itself) might have hit a long term (or super long term) top and so $/Y a bottom. If bonds continue puking, which seems likely, $/Y might be on its way up again.

Originally Posted by Franosh

Maybe. Yen (the currency itself) might have hit a long term (or super long term) top and so $/Y a bottom. If bonds continue puking, which seems likely, $/Y might be on its way up again.

lol, thats one way of putting it

Originally Posted by Franosh

Not just the moon. In fact, every other planet in the solar system has impacts. That will bring you into the territory of Gann and beyond.

If anyone is curious, last Friday was combust: mercury and venus conjunction, the Monday full moon, true node going retro, on Tuesday Neptune goes Retro and Venus squaring Mars and the moon is at apogee, and Wedneday Venus transitting, eclipsing the Sun. It's not about one single astro events, but a cluster, and the combination of what sort of clustering that makes the difference.

So how will this apply to the eurusd...will it cause a swing up higher or lower?