a beginner's attempt at the pairs

I flattened everything till I take a good look see what the hell is going on. First couple weeks were great, achieved almost 500 pips. Then the wheels came off.:banghead:

Take a nice hard look here.
 
Do not give up ! - it's the new president's famous quote :)

donald-trump-33-638.jpg


You might be able to recover all your loss today by buying EURO pairs.
As far as the information is concerned, they did not change the rate meaning that it did not affect the fundamental value of EURO. So EURO will recover, hopefully today.

All my pairs including EURJPY have been triggered now.
 
Enjoy your commentary vc, but don't ever quote that guy on my thread again.

He has nothing to say I want to hear.

I'm a big free speech guy, and welcome any all comments to my thread..

But pls don't post anymore of his sht here. thnx
 
Last edited:
The ECB meeting was held yesterday. The central bank kept interest rates unchanged. Experts expect that the QE program will be extended to 6 months, but the regulator has changed the date of its end to 9 months - from March to December. The ECB has lowered the monthly volume of buying assets (from April to December) from 80 billion EUR to 60 billion. At first glance it may seem that the ECB slows down the QE program, but 6 months for 80 billion is 480 billion, and 9 months for 60 is 540 billion. Most likely, this has led to the growth of EUR/USD in the first minutes of the meeting. It seems to me that now it’s too difficult to predict the behavior of the exchange rate of EUR/USD accurately . We need to look at how the price reacts to the key support and resistance levels
 
I need to do some secondary research on that. I also need to read some journals on interest rate announcement because the interest rate decision ( epecially on unchanged rate) has big impact on price too. I thought the price depreciation would be temporary but it looks like it will take a bit longer to recover. I had some damage today as a result of the incorrect anticipation. Anyhow, I think eurusd will gradually appreciate because 1.05 has been bottom for long time. For the first time, I will try to hold current long positions for the long term.
 
mlawson71 said:
We still have the FED announcement of the supposed rate hike next week.
More...

Thanks Lawson! I've just conducted secondary research. With lower unemployment rate, it's now highly likely that the government will raise its interest rate next week - December 14. Not only eudusd but also all US dollar pairs will depreciate at the announcement. Especially having seen the impact, it's too good opportunity to miss out :) we can all have early Christmas Day together. I am expecting eudusd 1.0000 (or 1.02500) , gbpusd 1.15000 usdjpy 110, audusd- 0.70000 (0.72500)

When there is big decision, they tend to look at big round numbers followed by half and quarter.
 
Last edited:
Alexfx79 said:
The ECB meeting was held yesterday. The central bank kept interest rates unchanged. Experts expect that the QE program will be extended to 6 months, but the regulator has changed the date of its end to 9 months - from March to December. The ECB has lowered the monthly volume of buying assets (from April to December) from 80 billion EUR to 60 billion. At first glance it may seem that the ECB slows down the QE program, but 6 months for 80 billion is 480 billion, and 9 months for 60 is 540 billion. Most likely, this has led to the growth of EUR/USD in the first minutes of the meeting. It seems to me that now it’s too difficult to predict the behavior of the exchange rate of EUR/USD accurately . We need to look at how the price reacts to the key support and resistance levels
More...

Actually, when they unchanged their interest rate, it was a decision. With interest rate, there are three common outcomes - raise(lower), remain or delay and out of them, only delay has no impact.

I have recently analysed the speculator positions on futures market and they have been on short side for a while and I did not understand why...but now I can see why. Until the ECB meeting, EURUSD was already overvalued given their recent higher inflation and lower unemployment rate, so the decision to remain at 0 % has led to the depreciation.

I have studies this topic in Economics but man ~ at University in Economics and Finance papers, no one really conducts practical experiment like science papers - chemistry, biology etc. Because a lot of lecturers only know about theoretical side since they have no industry experience at all.
 
Last edited:
You must log in or register to reply here.
Back
Top