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