View Poll Results: What impact will the ECB Rate Decision have on the Euro?
- 71. This poll is closed
Send Euro Higher!
Send the Euro Lower!
Will have no effect.
| || |
07-04-2012, 07:27 AM #79951
Have you heard about the Turtle Taders great read http://www.dailystocks.com/turtlerules.pdf
Last edited by Foxy1; 07-04-2012 at 07:57 AM.
07-04-2012, 08:00 AM #79952
This will be the first 4H candle closing in to that disputed area of 1.2560/80.
What that could mean?
My profit stop is at 1.2520, however the decline (if 1.2560 is broken) could reach the support area around 1.2450.
Just my view I bet money on
Originally Posted by jogold18
07-04-2012, 08:07 AM #79953
DX FUTURES15M LIQUIDITY GAP
Originally Posted by root-minus
just a reminder, be mindfold of this
07-04-2012, 08:10 AM #79954
Hi fellow traders!
Right now the only thing that seems to be working is the rather obvious descending triangle sitting on the the 1,25500/600 area. The descending line shouldn't allow price to go over 1,26, and if does approach it I would short the spike. Right now I'm long from 1,256 with a relatively tight stop, but the bounces from 1,255 are getting weaker and weaker.
I don't really see any long position working beyond 1,26 until we get the ECB decision. I don't manage volatility well, so I'll stay put until it stabilizes after.
07-04-2012, 08:11 AM #79955
07-04-2012, 08:26 AM #79956
It might be the problem of your chart's broker. There is no phyiscal gap there in both the futures and cash composite index. Some minor liquidity gap though.
Originally Posted by root-minus
07-04-2012, 08:30 AM #79957
Originally Posted by DolceVista
its not - its a liquidity gap on REOPENING
07-04-2012, 08:32 AM #79958
07-04-2012, 08:35 AM #79959
07-04-2012, 09:00 AM #79960
$EURUSD Chart.ly - CVecchioFX: Symmetrical Triangle - 1.2480 key for direction Symmetrical Triangle - 1.2480 key for direction
Check the graph from Vecchio, don't forget that Symmetrical Triangles are usually a continuation patterns
07-04-2012, 09:09 AM #79961
need to run back out again but came for a quickie chart lol
i came back to see if i got stopped out. it missed my stop THIS TIME by 4 pips.
its in between S1 (TURNED RESIS) and S2 support. if we break lower passed S2 (which is what i think will happen), ill be stopped and ill prob start looking for short swings. if we get back up, we have to some how find support on the 4 hour pivot. im guessing the way price is moving i will be stopped. pressure is still down and it wants to make up its mind, and only seems to be gaining speed, to the down side
i had 5 scalps in EURUSD. 2 bad 3 good
5 min momentum is down so i expect to be stopped out of my swing trades.
got ta run..
07-04-2012, 09:36 AM #79962
ecb rate decision
I need clarification on how the rate decision will affect eur/usd...If there is no change from 1%, what will happen? If the rate decision is cut by a .25 point as forecasted, what will happen? If the cut is more than expected, what will happen....thanks ahead of time.....Maybe this is a question for Robert., but any help appreciated.
07-04-2012, 09:46 AM #79963
GBP/USD I covered my short position as we closed into 1.56. -> setup http://forexforums.dailyfx.com/gbp-u...ml#post1225521
07-04-2012, 10:02 AM #79964
Originally Posted by NoGrn4grnhorn
- In the short run I think we will get a positive reaction on a cut as this will boost risk appetite -> making it easier for the Euro countries to get out from slow growth + easier for companies to make money (higher stock markets).
- If the cut is more that 25% then we don't need to rally because this means that markets are underestimating the severity of the current economics slowdown.
- No Rate cut and we should also trade lower as we will be stuck in a low growth environment.
The best way to trade this is however not trade it at all rather to wait until get a clear market reaction. We need to remember that we have the press conference after the announcement which can contradict with previous ECB statements and actions.
So taking it easy it the best strategy.
07-04-2012, 10:06 AM #79965
Originally Posted by Foxy1
this is good stuff thank you for sharing. It was first when I read this document that I understood what a complete trading strategy is all about.
Tags for this Thread
Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.