Comments on: EUR/USD: Early Europe market analysis

By: Iridium

Iridium — Thu, 08 Nov 2012 09:39:40 +0000

The market has broken out of its range, now it is much more complicated…

By: Iridium

Iridium — Thu, 08 Nov 2012 09:22:21 +0000

May be the trader in me wants to see a rate cut so there is something to trade 🙂 because if there isn’t, I think it’s better to keep the money asleep 😉

By: Sean Lee

Sean Lee — Thu, 08 Nov 2012 09:04:29 +0000

I’ve just read, well skimmed through to be accurate, the London morning reports from 3 big banks and all say same that ECB and BOE stay on hold. Then again, all analysts usually say same thing!

By: Emmanuel

Emmanuel — Thu, 08 Nov 2012 08:59:16 +0000

I would be very surprised if ECB announce a rate cut…

By: pandu

pandu — Thu, 08 Nov 2012 08:06:59 +0000

Iridium, thanks for the clarification. The original report seems to talk about ‘European open’ hence the confusion.
otoh, if you’re planning to enter after the ECB announcement, one has to be very lucky getting such a good entry. If indeed there is a rate cut, there is likely to be a 50-100 pip move in 5 seconds! I like to enter markets either before such events, or better, after the dust has settled.

By: Papillon

Papillon — Thu, 08 Nov 2012 07:44:55 +0000

Ok, i understand the philosophy. Good luck for this afternoon.

By: Iridium

Iridium — Thu, 08 Nov 2012 07:34:01 +0000

In reply to pandu. Good morning Pandu and Papillon, If you read carefully the recommendation, this is about entering the trade when the ECB announces a rate cut, that is when the market starts fastly moving. If we have a rate cut, we will go very fast down, and a stop loss at 1.2750 will be sufficient. Entering now the market is premature since we might have no rate cut as the consensus seems to say.

By: Emmanuel

Emmanuel — Thu, 08 Nov 2012 07:26:33 +0000

He wants to say that is ECB announce a rate cut and the 2740-2780 range break down, just short 2730 and place a SL at 2750 in case of the sell off isn’t strong

By: Papillon

Papillon — Thu, 08 Nov 2012 07:23:39 +0000

I am quite agree with Pandu comment. It seems too risky to set this SL. It would have been better to set above 1.2780 but it’s just a recommandation 😉

By: pandu

pandu — Thu, 08 Nov 2012 07:12:46 +0000

Hey, Iridium the recommendation doesn’t make sense. The SL is within the range expected? And in fact the EU has been above 1.2740 for most of today so far!??

By: Iridium

Iridium — Thu, 08 Nov 2012 06:32:40 +0000

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