Sell Eur/Usd

[TraderPierre]

Originally Posted by currencia

Well TraderPierre, I was wrong about one thing: You are not just sophmoric --You are moronic. As in U R A MORON if you cannot understand English or math as is obviously the case.

And to deal with you further just reduces me to your level. So, like others, to the ignore list U go. Good bye.

lol, you can't understand the difference between a 100bp rate cut which the market had already priced in, and an actual rate cut of 75bp and it's obvious effect, but you tell me I don't understand English or math, that's even funnier than your other inane nonsense. You just don't get it do you Currencia!

But then, in traditional chatroom style, when you can't support your argument with logic and reason you act like a 6 year old and resort to immature insults, that's very disappointing and a little too predictable even for you. The only surprise was it didn't come sooner, perhaps it took you longer to realize you were getting made an absolute fool of.

I underestimated the depth of your ignorance on fundamentals Currencia, like I said before your only option is probably technicals.

The good news is it looks like I'm going to win the 'Find the Dumbest Retail Trader' competition at work this month, I was fortunate enough to find you


Here are a couple of excerpts from Reuters, I doubt they will make any sense to the likes of you and Bear but others may understand their relevance.

Have a great trading day everyone!



NEW YORK, March 18 (Reuters) - The dollar posted its largest single-day gain against the yen in nine years on Tuesday and rallied against the euro after the Federal Reserve cut the benchmark U.S. interest rate by a less-than-expected 75 basis points to 2.25 percent.

-------

The dollar's sharp sell-off on Monday led traders to fret about the possibility of joint dollar-buying intervention by U.S., Japanese and European authorities.

[Noor]

Originally Posted by pelle64

Hi Noor - sometime u have to choose, its difficult to trade on big news spec on this hights when the market is in the last and a lot is locking for the top... but thats the way it is.

Im long in €/$ from 1.5635 - target open @ this time

Pelle

Am moving My Stoploss to breakeven/Profit... We should go up back to 1.58.. this current North wave is Strong enough... But at the same time,, If it corrects, the correction will be a hard drop, perhaps double the north speed.

So taking the safe side, and stop to breakeven... With Potential North zones at 1.59 area to reverse this Market medium term.

Currently, Euro/Usd is moving same as Gbp/Usd used to move a few years ago... Wide range, big pips jumps, ignoring support resistance... I wonder if that has changed anyones strategy to adapt to it.

Usd/Cad ... Am calling for 1000+ at least from here... this will be the longest North correction we ever seen in years since the start of the south move 7 years ago.

[rufffen]

Made some decent profits this week trading GBP USD, still more downside available, I have some running till 9800 and then some more till 9600.

I would say interventions are a definite option and yes, better remain on the side of large institutionals, when they happen.

Also, does anyone mind looking at EUR CAD charts for me, Ive been trying to do some trading with this one recently, but had 2 losses last week, and this week almost caught it for +400 per one lot, but now seems to be reaching for 5800 levels and above. Thanks!

[bearprofits]

ruffen,

Over all trend is up, it broke out the top side of the larger channel, and made the targets of the smaller ar's and fork.

Looks like either short for a correction off the new fork (price has established a small double retest of that fork which gave a nice separation to the downside, we are in a possible retest/reload for the continuation south) but price has held off the top side of the broken channel.it will either go south or more probably form a triangle or consolidation pattern up here above the larger channel till it can catch up with the support sides of the smaller channels forks then light the fire works.

fwiw,

[Impulse]

Originally Posted by bearprofits

ruffen,

Over all trend is up, it broke out the top side of the larger channel, and made the targets of the smaller ar's and fork.

Looks like either short for a correction off the new fork (price has established a small double retest of that fork which gave a nice separation to the downside, we are in a possible retest/reload for the continuation south) but price has held off the top side of the broken channel.it will either go south or more probably form a triangle or consolidation pattern up here above the larger channel till it can catch up with the support sides of the smaller channels forks then light the fire works.

fwiw,

nice chart bear!

[bearprofits]

Originally Posted by Impulse

nice chart bear!

Impulse,

Thank you.

Bear

[rufffen]

Bear, thanks for the chart!

I favor downside potential, one thing is obvious on my daily chart is that is is topping action, the downwards sloping channel was retested and since then EUR CAD is southbound.

My sell zone this week was 5754-5893 and it got triggered, so I might now just wait for my initial target, which is 5200.

[bearprofits]

Originally Posted by rufffen

Bear, thanks for the chart!

I favor downside potential, one thing is obvious on my daily chart is that is is topping action, the downwards sloping channel was retested and since then EUR CAD is southbound.

My sell zone this week was 5754-5893 and it got triggered, so I might now just wait for my initial target, which is 5200.

Ruffen,

Good lookin chart there yourself!

5200, agree.

Gotta run for a bit, great day everyone.