EUR/USD

@PERPETUUMMOBILE Well said, but pro day trader doesn't trade news. That's lesson one. Rather missing out the opportunity than bursting the account. After all most our play style, well at least mine is high leverage looking for 20-30pips a day.

deresel posted:
In my opinion, the next level will be 1,0525.

I thought so too, but the fundamentals today pushed EUR/USD up and it reached the resistance at 1.0890. It's possible the pair might reach 1.1000 again depending on the results of the NFP tomorrow.

EUR/USD spiked suddenly and rose over 400 pips and now we are back to test 1.100.

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...

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 !

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.

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?

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.

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

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.

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.

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 ........

Super Mario wasn't so super yesterday for the swinging dicks on wallstreet.

The power of the crystal ball, casting the runes and chucking my mothers finger bones point to the next moves on all things Euro.

The tongue in the cheek is wasted.

Where in the UK are you?

God's County - Yorkshire

never been to that part of the UK,mate from that part,Yorkshire pudding,lol

Where prices will go next is irrelevant when trading price bar formation. You trade what you see on the charts (that's the rule) - and not what you or others' think.
That's why we don't bother guessing where prices will possibly be in 6 months from now.

But consider this...

The USD, CAD & Mexican Peso will disappear from the face of the earth, and will be replaced by a new currency, called the 'AMERO'.
This could happen pretty soon, potentially before the end of Obama's term.
And he's got less the 12 months left.
When looking at the DJIA long/term charts, chances are that this may be the beginning of a massive and extended down-turn - below 10,000 - over the next 12 to 24 months.
This would extremely weaken the USD - a perfect opportunity to make the $$ disappear for good.

And a new game shall begin... EUR/AMERO/YEN/CNY

The EUR still has a couple of open GAPs at around 1.2000

Yesterday the made a massive rally of 321 pips and closed near the high of the day although shy below the 50-day moving average after the European Central Bank disappointing high market expectations for greater stimulus.

Today we will have the non-farm payrolls and unemployment rate in the US, also being another market mover.

The key levels to watch are the 1.1097 (resistance), a 200-day moving average at 1.1078 (resistance), the 50-day moving average at 1.0931 (resistance), 1.0900 (Support) and 1.0819 (support).