I jumped on the Euro against the USD, and it looks like it's tanking
I have to say that if I were getting into currencies, I would only go long the USD on dips, to me the trend for the USD will be higher for many reasons..the largest being that the Federal Reserve will probably be slowing down the printing press which decreases supply and should make the dollar return against the Euro especially.
That and I think the European economies will drag after the US, meaning they are in for similar pain we have seen for the last year or so and that should weaken the Euro.
I know it isnt a fast trade but my bias would be towards selling the Euro vs the USD.
Quote Originally Posted by icemantbi:
I jumped on the Euro against the USD, and it looks like it's tanking
I have to say that if I were getting into currencies, I would only go long the USD on dips, to me the trend for the USD will be higher for many reasons..the largest being that the Federal Reserve will probably be slowing down the printing press which decreases supply and should make the dollar return against the Euro especially.
That and I think the European economies will drag after the US, meaning they are in for similar pain we have seen for the last year or so and that should weaken the Euro.
I know it isnt a fast trade but my bias would be towards selling the Euro vs the USD.
Iceman dont trade just to trade........i sat here yesterday and found several i liked but i couldnt move on any of them cause they werent ready....i called out the bottom of one pair but was chatting and missed my window.....woulda been good for 100+pips...but i was only looking for 70
i will be in NZD/CHF next few mins now in .7240s......im shooting for 50-60 pips....i think it gets back up to .7300 next few hrs
Iceman dont trade just to trade........i sat here yesterday and found several i liked but i couldnt move on any of them cause they werent ready....i called out the bottom of one pair but was chatting and missed my window.....woulda been good for 100+pips...but i was only looking for 70
i will be in NZD/CHF next few mins now in .7240s......im shooting for 50-60 pips....i think it gets back up to .7300 next few hrs
Hmm.. I don't have it. I go to the Add Currencies button and gives me a webpage with other currency pairs to add. I'm trying to add NZD/CHF, but it's not going over into the selected pair box.
Hmm.. I don't have it. I go to the Add Currencies button and gives me a webpage with other currency pairs to add. I'm trying to add NZD/CHF, but it's not going over into the selected pair box.
i may jump back in this pair if it dips back into the .7200s.....the cross wont complete until 12am block is finished so if it dips buy 2 lots ICEMAN.....hold until you get 50 pips
i may jump back in this pair if it dips back into the .7200s.....the cross wont complete until 12am block is finished so if it dips buy 2 lots ICEMAN.....hold until you get 50 pips