How to trade the EUR now

Quote from SimpleTrades:

However, as you said, there is also the USD side of the EURUSD equation, and the USA numners are weak. The ECB decision could cause nothing more than a very brief bounce.
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well that's not the case today, dollar is mixed

strong against aud and cad

weak against eur and gbp

so to me that would give a little more credence to the bullish move in eur
 
Quote from oldtime:

well that's not the case today, dollar is mixed

strong against aud and cad

weak against eur and gbp

so to me that would give a little more credence to the bullish move in eur
More...

Weak also against jpy.

Honestly, cad and aud, don't say as much in my decision making.

However, now I'm confused. If you see a bullish tendancy in the eur, why are you shorting it?
 
Quote from SimpleTrades:

Weak also against jpy.

Honestly, cad and aud, don't say as much in my decision making.

However, now I'm confused. If you see a bullish tendancy in the eur, why are you shorting it?
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i need to be long usd against something, eur is the best choice

I'm also long against gbp, that was a very bad choice

I'm short against aud and cad, that was very good choice

they all need to go down, but's it not as easy as it sounds

right now, it's JPY's turn

I'm betting on a stable dollar, 78 to 83, so far so good
 
watching 3212... looks like profits are being taken.

USD/JPY looks like a 97 trigger level on a DNT being defended? Heard talk about the other day. Who knows with that, but PA looks a bit confirming.
 
Quote from SimpleTrades:

Breaking above 1.32 could also have been a bear trap. How many of you who were short, got stopped out and were tempted to jump right back in again on another short?

Took me 13 days to realize 101.5 pips on my long finally selling at 1.32403. Short or long from here???? I think I'll wait till after ECB.
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You’re right, better wait for the ECB. Even today we have seen an attempt to break 1.32 but with little success.
 
Quote from elisab:

You’re right, better wait for the ECB. Even today we have seen an attempt to break 1.32 but with little success.
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Yes, be careful on this one. ECB's decision to lower interest rates is likely to be viewed as good for the economy. This will actually cause the EUR/USD to rise, not fall, I think. Furthermore, given the recent numbers out of the USA, I think Friday's unemployment numbers will disappoint. Again this is EUR/USD positive.

I'm trying to go long again at 1.31. Hoping it will fall to that overnight (EST).
 
The hanging man of yesterday anticipates a fall today. The resistance of 1.32 confirms its title role for the coming weeks
 
Quote from contra:

watching 3212... looks like profits are being taken.

USD/JPY looks like a 97 trigger level on a DNT being defended? Heard talk about the other day. Who knows with that, but PA looks a bit confirming.
More...

3070 TP hit upon waking. no dice on the UJ, didn't take it.

hell yea playa... keep stackin' them hamiltons...
 
how to trade the EUR?
easy.

just short any move higher.
for the last 2 years it works every time except maybe 3 or 4 small up trends.

and dont forget to close after 80-100 pip profit, someone buys that shitty euro out of nowhere........
 
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