Euro and Bloomberg

This is a discussion on Euro and Bloomberg within the General Trading Chat forums, part of the Reception category; Yep, you're short 3 EURUSD at an average of 14312.66. So if the $ rallies this pair will fall. Good ...

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Old Jun 3, 2009, 8:01am   #8
 
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Yep, you're short 3 EURUSD at an average of 14312.66. So if the $ rallies this pair will fall.

Good luck!
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Old Jun 3, 2009, 8:14am   #9
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ukdaytrader started this thread Here is the Article..........just want to make sure I've got the position the right way round.

Euro?s Rally Against Dollar May Be in ?Last Stage,? UBS Says - Bloomberg.com
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Old Jun 3, 2009, 8:20am   #10
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ukdaytrader started this thread On coco the clown, much like market direction don't fight it, embrace it.

The vast majority of Americans and UK traders and investors watch Bloomberg. They also believe it is true what they hear on Bloomberg, much like what they watch on Fox. They also act on it, sometimes to their peril.

The Brits read the Sun and what that S*** on Sky News and also believe most of it.

You obviously dont need to react to every story as I think it would really be a zero sum game if you did. However if you are cautious about what you select, at least do the analysis before jumping in, then it can yield pleasant results.

As long as you understand that what you are doing everyone else will be doing then its not really an issue.
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Old Jun 3, 2009, 8:27am   #11
 
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Quote:
Originally Posted by ukdaytrader View Post
On coco the clown, much like market direction don't fight it, embrace it.
The market direction is up.

Unlike some thinly traded stocks the type of people who follow tips on bloomberg do not have the monetary power to move a currency pair. no one in any bank would deal on the back of a bloomberg tip....you'd be laughed out of the door.

HEAD DEALER "why have you done $10m on EURUSD"

DEALER " Cos they said it was going down on Bloomberg"

HD "You complete C***t f**k off out of this office now and don't come back you ***** ***** ****.

That's what would've happened in my office and i'm sure others agree.

To put this into context, when you watchfootball on the BBC and Alan Hansen (the so called expert says "Everton should win this one" Do you put 250 on them?

They may be right but i wouldn't take a blind bit of notice of any of them. Especially one telling you to short something as it's rallying, at least wait for it to start falling before calling the top!
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Old Jun 3, 2009, 8:29am   #12
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ukdaytrader started this thread You see now is the decision time......It is around 1.428 this could be a Bloomberg effect so is it better to cash in now or should I wait for market direction. I will wait till the end of the day, if there are not more tips I will close out, that is if it is still in profit.

The thing is you dont know if someone made that statement on TV cause they thought they missed the rally wanted to go in and thought saying some nonsense would give them the opportunity to get in cheaper as there would be a blip in the price before the Rally continued.
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Old Jun 3, 2009, 8:31am   #13
 
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You are deluded....BLOOMBERG TV cannot move the currency markets. Maybe an illiquid stock but not a major currency.

With this trade, now you are in profit i would have my stop at breakeven becasue and rally would probably signal a continuation of the upward trend and make this a pullback.
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Old Jun 3, 2009, 8:39am   #14
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ukdaytrader started this thread Look Look, they're moving them.......Foredog.....I dont believe for a moment they do.......but the channels acts to prompt analysis of key trends, companies, stocks, results etc.

A lot of this analysis is down to my own thoughts / research, but I do use this the Channel as a prompt for things that may move......I then go away and do my own research before acting as there have be a few 'dogs' on there as well.
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