Chinook's EUR/USD (E/$)Mumblings

This is great trade location to be buying EUR. I may sound like a broken record, and truth is, recently, I've had a few false starts which I wound up dumping, but, that's part of the territory. The overall trend in EUR is still clearly up (looked at a 3 year daily bar chart recently?) and this is fairly near to long-term trend line support. Should be some fighting here but in the end, this is where I want to own EUR looking for the next 10+ figures.
 
Quote from trade-ya1:

This is great trade location to be buying EUR. I may sound like a broken record, and truth is, recently, I've had a few false starts which I wound up dumping, but, that's part of the territory. The overall trend in EUR is still clearly up (looked at a 3 year daily bar chart recently?) and this is fairly near to long-term trend line support. Should be some fighting here but in the end, this is where I want to own EUR looking for the next 10+ figures.
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I don't agree. The momentum (and fundamentals) are now with the dollar.
 
Did you look at the 3-year daily bar chart? If so, you are certainly entitled to your opinion. I just ask if you looked. I for one am on the bid in large size buying around 1.3050 in futures. That is why i'm up at 5 am New York time. :)
 
Quote from trade-ya1:

Did you look at the 3-year daily bar chart? If so, you are certainly entitled to your opinion. I just ask if you looked. I for one am on the bid in large size buying around 1.3050 in futures. That is why i'm up at 5 am New York time. :)
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Yes, I know the chart. And the 5-year and 10-year charts. But all all good comes to an end, and trends won't last forever. It's wrong only to look at the charts - you must also study the fundamentals. The eco news are the leading indicators.

Good trading!
 
I'm not smart enough to understand the fundamental drivers of the currencies, they always seem to be changing. Maybe the direction of the trend influences the perception of the fundamentals or even influences the actual fundamentals themselves- reminds me of reflexivity. In my opinion, the long-term trend is the most powerful force in the universe of trading. It won't break easy. When it does, I'll happily go the other way. Wish you good trading as well. I enjoy a healthy, respectful exchange (rate). :)
 
Quote from trade-ya1:

I'm not smart enough to understand the fundamental drivers of the currencies
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For me, not that I'm not smart enough... I just don't see any way how fundamentals can help me. I can find no edge. Who knows, maybe in the future when I'm more experienced I can apply them. Not now

Quote from trade-ya1:

the long-term trend is the most powerful force in the universe of trading.
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I see things differently. I think what prices are doing NOW is the most powerful force. Everyone looks at a different chart, but everyones looking at the same price action. And what prices are doing at present affects everyone... emotions and biases kick in. I'm a daytrader not an investor. I can care less about the big picture, because I just catch fluctuations here and there. I must say, biases are great... as long as I don't have any
 
I think the difference here is that Trade-ya plays for the long term (correct me if I'm wrong, man). And in the long term, I think the trend is for short dollars.

However, in the short term, check the 1.2745 range and load up if it fails to drop below. Because we're going right back up again.
 
Quote from Ivanovich:

I think the difference here is that Trade-ya plays for the long term (correct me if I'm wrong, man). And in the long term, I think the trend is for short dollars.

However, in the short term, check the 1.2745 range and load up if it fails to drop below. Because we're going right back up again.
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i wouldn't mind some reverse action cos i'm just sittin on my ass waiting
 
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