How to trade the EUR now

pemully · Apr 24, 2013

I am looking to go short as per my system later in the day.as far as I'm concerned we are in a downtrend....well I'm right about 50% of the time.

oldtime · Apr 24, 2013

Quote from pemully:

I am looking to go short as per my system later in the day.as far as I'm concerned we are in a downtrend....well I'm right about 50% of the time.

yeah, I'm still short a litty itty bitty position from 3147, with a limit in to sell some more at 1.30265

you never know how these deals are going to work

it's been a pretty good down move in that eur.usd for those of us that have been short

but you know, things have to re adjust and rebalance

I think a lot will get burned betting on that big move, both long or short

eur.usd is in stop hunting mode

good time to add on extremes, both long or short

SimpleTrades · Apr 25, 2013

Quote from oldtime:

eur.usd is in stop hunting mode

Oldtime, I am a cup half full kind of guy. I'd rather think she were limit hunting. Looks like she's on her way back up again.

elisab · Apr 25, 2013

Letâs wait and see the Ecb of next week. The next movement will be decisive for the trend of May

elisab · Apr 26, 2013

One of the less volatile week in the history of EurUsd: next week is going to be a very interesting one.

irniger · Apr 27, 2013

ECB is expected to lower the interest rate to 0.5% from 0.75% next week on Thursday May 5. What effect on the EURUSD will this have in your opinion.

As a reminder: The rate lowerings of 07/11/12 and 12/14/11 and 11/09/11 had hardly any effect. Only the rate increase of 07/13/11 made the EURUSD gap up.

Thanks for your inputs.

Felix

elisab · Apr 27, 2013

I believe that the market is already paying for the cut of rates. A surprise might only come if an European QE was matched with this.

Illini Trader · Apr 28, 2013

I look at the Eur/Usd and wonder why anyone would be short or long at the present time. It has been sideways for a week and you can force it into a slight downward bias or a slight upward bias whatever your mood. My opinion is that having any position now is just gambling without a current trading edge. --- Illini

oldtime · Apr 28, 2013

Quote from Illini Trader:

I look at the Eur/Usd and wonder why anyone would be short or long at the present time. It has been sideways for a week and you can force it into a slight downward bias or a slight upward bias whatever your mood. My opinion is that having any position now is just gambling without a current trading edge. --- Illini

the bet is on usd, that is the other half of the eur.usd trade

Tsing Tao · Apr 28, 2013

Quote from SimpleTrades:

My pain threshold is reached at 2400. We're nowhere even close to this. I see no issue with averaging down so long as I pull the plug before 2400.

Of course not, CoInZ!