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sherifFares
Dec 03 2015 at 18:34
454 Posts
EUR/USD spiked suddenly and rose over 400 pips and now we are back to test 1.100.

bestdarngood
Dec 03 2015 at 18:41
174 Posts
sherifFares posted:
EUR/USD spiked suddenly and rose over 400 pips and now we are back to test 1.100.


Why does everyone post the obvious? Can we not get something more, predictions and charts showing why you think it is going to hit a certain price. Sheesh...

See my profile or message me for my latest EA
CrazyTraderfx (CrazyTrader)
Dec 03 2015 at 19:04
1718 Posts
bestdarngood posted:
sherifFares posted:
EUR/USD spiked suddenly and rose over 400 pips and now we are back to test 1.100.


Why does everyone post the obvious? Can we not get something more, predictions and charts showing why you think it is going to hit a certain price. Sheesh...


You must follow the right guys... Switch thread below !

Abdul2012
Dec 03 2015 at 20:33
413 Posts
Like a sky rocket the EUR/USD moved from the 1.0500 to the 1.1000 level, strong buy pushing the pair to test 1.1010 resistance level.

ZOOM
Dec 03 2015 at 22:03
39 Posts
Looking at what was said and from most comments, did most of you get wiped out? It was such collection of one-sided views that I couldn't help but think of some of you here a few times today. I didn't expect anything like that but some of the people here were way too focused on technical charts and patters that couldn't help it. When you have a major central bank in a QE who cares about technical info?

ZOOM
Dec 03 2015 at 22:07
39 Posts
And whoever says don't trade news, is plainly stupid. A major central bank, ie a G3 CB, is THE news, the QE and the market in many instances. In an artificial world where both equities and bonds move in the same direction, where you have massive correlations ignoring a change in markets, means you gonna get caught in whatever it is, a tantrum, a position reallocation or whatever. I just don't get the current spat of massive text book-like volatility either, but for sure relying on technical analysis alone, I don't get that either.

bestdarngood
Dec 03 2015 at 22:13
174 Posts
I did not get wiped out and made quite a bit. I had 11 round trip trades today with my EURUSD EA. Only one of them was bad (first Buy) since the market took a huge dive before resuming the uptrend.


Same EA as I am letting others try out for free. See link below if you are interested. No emotion required to make profit, just a good EA.

https://www.myfxbook.com/community/general/sharing-my-ea/1066874,1


See my profile or message me for my latest EA
kieran (snapdragon1970)
Dec 04 2015 at 00:42
1945 Posts
Reading the above messages,trading the news is risky business,its certainly not for beginners,I ignore the first 10 minutes at least until a trend starts,I would have been wiped out otherwise by the spike down.I know professional traders who will not trade the news,they stick to a steady income over time and they are certainly not stupid! as for technical's around major releases is a waste of time,the mood moves the direction until that mood changes.Asia markets push the euro higher on the opening,next year is going to be a roller coaster ride.

"They mistook leverage with genius".
FXWES
Dec 04 2015 at 07:54
675 Posts
On Thursday session the euro recorded significant gains against the dollar as the intraday erased most of November’s losses. The euro retained its growth today against other major currencies after yesterday recorded its biggest one-day rise of nearly seven years amid weaker than expected stimulus from the ECB.

keith Mellor (Sceadagenga)
Dec 04 2015 at 09:11
83 Posts
So predictions are required - Well here goes.

The Euro will continue after a brief rally to consolidate around about the 16th as we head towards the Christmas lull.

Then in January Super Mario will say nothing and the interest rate will remain the same and the Euro will head to 1.06.

The BOE & the Fed will raise interest rates and push futher pressure downward on the Euro to 1.05

On the other hand ........

Si eius XCIX% Ius ergo est Nefas - Sileo processus (If its 99% Right then it is Wrong - Restart the process)
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