Euro and Bloomberg

ukdaytrader · Jun 2, 2009, 4:36pm

I heard on Bloomberg today that the Euro is set to weaken against the dollar so I have sold a few contracts Euro and Bought USD.

I heard this one the news today. Anyone have any thoughts on this ?

vinicius · Jun 2, 2009, 6:16pm

what price did you sell?

cr6196 · Jun 2, 2009, 6:23pm

Yeah i have sold too, my system is showing a strong sell here, it is usually pretty accurate on these reversals when there is a reli strong uptrend...what i do is i slaughter a pig and pour the guts onto a rock and trade off that...yeah have re-mortgaged the house for this one, ftw!!!

Edit: i have worrying and disturbing news, i have conducted more thorough analysis...i cut the head off a chicken and led it run round on my pool table, i have set out squares with actions on and where it stops i follow the square's actions...it is saying sell eur/usd...im off to find another farmyard animal to hassle.

I find your method of trading strange and unusual but i wish you all the best with this one ukdaytrader.

foredog · Jun 3, 2009, 2:23am

EURUSD has run from 130 to 142 recently so i guess the talking heads on bloomberg are expecting profit taking, but the trend at the moment is still up

arabianights · Jun 3, 2009, 2:34am

I'm starting to think this is a wind up

ukdaytrader · Jun 3, 2009, 2:59am

OK I just wanted to make sure I got this correct

I sold 1 EURUSD at 1.43151
another at 1.43164
another at 1.43047

So at the moment 1 EUR buys 1.43 USD

Bloomberg are saying it will be 1.3USD in a months time.

So I sold the contracts.

I don't normally do FX particularly Euro/USD so just wanted to make sure that I have done the right thing in terms of selling ?

OK I think there is some rationale to this. If you think yields in the US have risen at the long end, makes it more profitable to hold dollars than Euro. It could take some time for money to move.

foredog · Jun 3, 2009, 2:59am

Someone playing the long game if it is....putting bloomberg TV into threads a week ago just to use it now.

I think it's just that some REALLY do believe what Coco the clown and all his pal say on Bloomberg/CNBC etc.

If i could call the market as well as they make out i'd be in the carribean not sat in a grubby studio showing off

foredog · Jun 3, 2009, 3:01am

Yep, you're short 3 EURUSD at an average of 14312.66. So if the $ rallies this pair will fall.

Good luck!

Jun 2, 2009, 4:36pm	#1
ukdaytrader Senior Member Member Since Apr 2009 271 Posts	Euro and Bloomberg I heard on Bloomberg today that the Euro is set to weaken against the dollar so I have sold a few contracts Euro and Bought USD. I heard this one the news today. Anyone have any thoughts on this ?

Jun 2, 2009, 6:16pm	#2
vinicius Veteran Member Member Since Dec 2008 795 Posts	Re: Euro and Bloomberg what price did you sell? __________________ The Sniper The key to sniping is accuracy. The sniper must utilize the weapon to accurately place shots under varying conditions. A sniper must have the ability to accurately estimate the various factors that influence a bullet's trajectory and point of impact. Mistakes in estimation compound over distance and can decrease lethality or cause a shot to miss completely. Just the way I like it! KEEP WALKING!

Jun 2, 2009, 6:23pm	#3
cr6196 Senior Member Member Since Jun 2008 444 Posts	Re: Euro and Bloomberg Yeah i have sold too, my system is showing a strong sell here, it is usually pretty accurate on these reversals when there is a reli strong uptrend...what i do is i slaughter a pig and pour the guts onto a rock and trade off that...yeah have re-mortgaged the house for this one, ftw!!! Edit: i have worrying and disturbing news, i have conducted more thorough analysis...i cut the head off a chicken and led it run round on my pool table, i have set out squares with actions on and where it stops i follow the square's actions...it is saying sell eur/usd...im off to find another farmyard animal to hassle. I find your method of trading strange and unusual but i wish you all the best with this one ukdaytrader. Last edited by cr6196; Jun 2, 2009 at 6:48pm. Reason: urgent news

Jun 3, 2009, 2:23am	#4
foredog Legendary Member Member Since Oct 2007 1,885 Posts	Re: Euro and Bloomberg EURUSD has run from 130 to 142 recently so i guess the talking heads on bloomberg are expecting profit taking, but the trend at the moment is still up __________________ IF IN DOUBT GET THE **** OUT! No need for a course http://www.trade2win.com/boards/gene...tml#post707344 Simple cable system http://simpledibs.blogspot.com/ http://www.trade2win.com/boards/trad...side-bars.html

Jun 3, 2009, 2:34am	#5
arabianights Legendary Member Member Since Jan 2007 6,782 Posts	Re: Euro and Bloomberg I'm starting to think this is a wind up __________________ World's leading STIRs chatroom - www.propboards.com - register, then click on chat. Don't let the lack of posts on the forum put you off - the action happens in the chatroom. Targeted at locals, but hedge funds, brokers (including IDBs), market makers, and a few sizable amateurs are all represented. When it's quiet, banter is encouraged and anything goes. No nuisance spread betters please. Anyone else welcome.

Jun 3, 2009, 2:59am	#6
ukdaytrader Senior Member Member Since Apr 2009 271 Posts	Re: Euro and Bloomberg OK I just wanted to make sure I got this correct I sold 1 EURUSD at 1.43151 another at 1.43164 another at 1.43047 So at the moment 1 EUR buys 1.43 USD Bloomberg are saying it will be 1.3USD in a months time. So I sold the contracts. I don't normally do FX particularly Euro/USD so just wanted to make sure that I have done the right thing in terms of selling ? OK I think there is some rationale to this. If you think yields in the US have risen at the long end, makes it more profitable to hold dollars than Euro. It could take some time for money to move.

Jun 3, 2009, 2:59am	#7
foredog Legendary Member Member Since Oct 2007 1,885 Posts	Re: Euro and Bloomberg Someone playing the long game if it is....putting bloomberg TV into threads a week ago just to use it now. I think it's just that some REALLY do believe what Coco the clown and all his pal say on Bloomberg/CNBC etc. If i could call the market as well as they make out i'd be in the carribean not sat in a grubby studio showing off __________________ IF IN DOUBT GET THE **** OUT! No need for a course http://www.trade2win.com/boards/gene...tml#post707344 Simple cable system http://simpledibs.blogspot.com/ http://www.trade2win.com/boards/trad...side-bars.html

Jun 3, 2009, 3:01am	#8
foredog Legendary Member Member Since Oct 2007 1,885 Posts	Re: Euro and Bloomberg Yep, you're short 3 EURUSD at an average of 14312.66. So if the $ rallies this pair will fall. Good luck! __________________ IF IN DOUBT GET THE **** OUT! No need for a course http://www.trade2win.com/boards/gene...tml#post707344 Simple cable system http://simpledibs.blogspot.com/ http://www.trade2win.com/boards/trad...side-bars.html

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