Euro going up against dollar?

cricket

Junior member
27 0
Any views on when the Euro/Dollar will reach its bottom after the dollar has rallied back over the pat week, On a long with the Euro myself and hope it will be soon as i am taking a spanking, Any views?
 

options

Senior member
2,374 218
Yes, thank you for your contribution, every penny or pip helps :)

Why are you long euro/dollar? The last couple of days should have been to the short side.
 

Buk

Established member
615 6
major down trend cricket....look at your 240/hourly & short term frames!!.....catching falling knives is a 'bloody' game to play
 

bbmac

Veteren member
3,584 788
eurgbp hasd taken out some major support levels and once it broke 1230/12250 the slide was ineveitable really it could well go to 11950, before it reverses, but watch for the ecb and boe rate announcements later this week and the us non farm payroll figures on friday all of which will effect the marketa nd could spark a rally if ecb/boe dissapoints and payroll figures are on the upside.
 

cricket

Junior member
27 0
So I guess we are looking for Increases in the BOE and ECB rates to get it moving back up, I think that is right, Still new to all this sorry! Oh I took the long out 10 days ago,
 

JE2000

Active member
141 0
To be long the Euro and GBP is much more risky than being short. Thursday and Friday are two big days for Forex. Thursday being ECB and BoE rate decisions. Friday is the biggest day of the month with US non-farm payroll.

Cricket be careful and set a stop or you could lose 200+ points very quickly.
 

JE2000

Active member
141 0
The euro looks like it could be testing or breaking the 1.20 level tomorrow.

Does anyone have the GBPvsUSD symbol for the sierra chart?

I have the eurovsusd but not the GBP or Yen.

thanks in advance.
 

Taz

Active member
159 7
Cricket,

Take a look at the articles on Linda Bradford Raschke's site www.lbrgroup.com, especially the Time Tested Trading Rules.

Interesting reading, especially if you are starting out.
 

options

Senior member
2,374 218
Cricket.

"...I took the long out 10 days ago,..."

How far away was/is your stop? What made you go long?
I mean how did you decide?
What were you trading before?

And forget that the market 'HAS ' to do anything. It will do what it wants regardless of whatever news comes out.
 

cricket

Junior member
27 0
options,
My stop is at 11800, Took it out as ity seem to have well come off its high of 12900. got in at 12600, then edged it with 12400, then again at 12200, GULP!!!!!!! all onlly for £1 i might add, but already about £1200 down, Just sitting hoping good news to come out.
 
 
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