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

Wow, that was a painful evening. Shorts stopped out at 1.255. Amazing move. Looks like the whole Eurozone thing is all fixed!

Originally Posted by jerejim

Wow, that was a painful evening. Shorts stopped out at 1.255. Amazing move. Looks like the whole Eurozone thing is all fixed!

well the can has been given a decent boot

Originally Posted by Alejandro Zambrano

I was just about to say that

-> Markets can remain irrational longer than you can remain solvent

Here is another good one

“Successful investing is anticipating the anticipations of others.”

great quote!!!

Originally Posted by jerejim

Wow, that was a painful evening. Shorts stopped out at 1.255. Amazing move. Looks like the whole Eurozone thing is all fixed!

Did you mean "fixed" as in "rigged" or "fixed" as in "repaired" ? The first answer would be the correct one

Well, EU leaders announced an agreement on a bank super. We have no details, those will come in October. so we don't know if this position carries policy authority, interest rate policy influence, taxing influence, budget influence

However, the yet to be named person, in traditional European style, has already accrued 12 weeks vacation, and 125% of annual pay in retirement starting at age 58. (yes, I'm just kidding around)

Originally Posted by biggari

wonder if market will use the weekend to gap above last weeks high?

My guess would be the other way, gap below 1.24 now that would be painful for the bears that got stopped out.

Originally Posted by Foxy1

My guess would be the other way, gap below 1.24 now that would be painful for the bears that got stopped out.

yeah thats more likely and certainly would - you pretty much nailed this move yesterday - nearly joined you going long but bottled it - oh well

Shorted a little last night after the initial run up feeling there might be another downfall night ahead like the night before! Haven't read the news so I'm going to be reading for a while to see what happened here. Some insane policy statement? Maybe some Magic Beans dumped in the danube river that produced a magic money tree overnight to fix the debt problem this region has? I love how this currency pair can magically overnight revalue itself 100 of pips at a time upward when almost all the news is that these countries have an impossible task ahead of them.

Originally Posted by jerejim

Wow, that was a painful evening. Shorts stopped out at 1.255. Amazing move. Looks like the whole Eurozone thing is all fixed!

I agree but thankfully I wasn't all in short....got stopped out but hey.....isn't that what stops are for....if I did it would have been far worse!!!!!

Originally Posted by WaterWay

HI ,
are you convinced at least to a certain level that next week ECB will lower the 1% mark
and
what effect will have to the EURUSD ?
1.2750 or even R4 1.2800 too optimistic ?

Thanks

A mere rate cut would not send it up to 1.28; for that we need Greece to exit abruptly, and Hollande and Merkel to get into a public fist-fight (I would put my bets on Angela).

Originally Posted by Alejandro Zambrano

Sir, I think you can have much more fun with your money in Vegas

More fun than hanging out with you guys? Impossible!

Originally Posted by Gregory McLeod

SSI Details:

EURUSD - The ratio of long to short positions in the EURUSD stands at -1.01 as nearly 50% of traders are short...

The algebra teacher in me needs to point out that a ratio of -1.01 means that there are negative 101 long traders for every 100 short traders; or perhaps there are 101 who went long, and -100 who went short? That might explain it: the -100 who went short are 100 traders who meant to press "sell" but hit "buy" instead (it was past our bedtime, these things happen).

Originally Posted by biggari

i remember someone's signature read somethinglike 'the market can stay irrational longer than we can stay solvent'

edit: checked thesaurus and added 'irrational'

The synonym for "irrational" that I want to use is probably not in your thesaurus, and might be censored on this board.

Originally Posted by biggari

yeah thats more likely and certainly would - you pretty much nailed this move yesterday - nearly joined you going long but bottled it - oh well

I should of held on, no correction again I missed the move up because I was on a telephone call, still it was a nice start to the day!

Originally Posted by RocketMaker1000

Shorted a little last night after the initial run up feeling there might be another downfall night ahead like the night before! Haven't read the news so I'm going to be reading for a while to see what happened here. Some insane policy statement? Maybe some Magic Beans dumped in the danube river that produced a magic money tree overnight to fix the debt problem this region has? I love how this currency pair can magically overnight revalue itself 100 of pips at a time upward when almost all the news is that these countries have an impossible task ahead of them.

Yeah, and markets are becoming thinner as well which makes the mood-swings larger as soon as something happens. The current market conditions requires a trader to really enter and exit quick, so nothing is left on the table, if you're not speculating long-term that is =)

Originally Posted by rcopadilla

A rare R3 Tagging also tagged the upper BB20 on the 8 hour chart. While the CCI and RSI are in the early stages of being overbought, there is a possibility for the price action to extend and tag the upper BB60 currently around 1.2708 especially since the Daily upper BB20 is around that area. When the inevitable reversal does happen, there should be a pause around the BB20 midline (~1.2530) as the market decides whether to continue on down to the lower bands or to reverse to retest the upper bands again.

These are some pretty big moves based on the markets assessment as of late. Is this purely a technical move or is there an underlying "plan" that is providing this increased valuation of the Euro compared to the Dollar?

It was a small position as I'm going on vacation. No worries. I'm already in vacation mode. No trading next week for me......

hey Eurotrap - is this a good opertunity to go short?