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Forex 2nd half 2014 discussion

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Captain
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Posted: #76
1.28s??
 
Covers Linesmen
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Posted: #77
Almost...

I am shocked at how strong the dollar is and how powerful this move up is.

I think the Euro deserves par but this straight line move up is amazing.

This goes to show without market fear the dollar can ramp, there is no fear so it goes straight up.
 
Captain
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Posted: #78
Ive yet to add..kinda felt if it began to dip these levels were a given
Busy, busy, busy but ill have an eye on this Monday!!
 
Captain
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Posted: #79
Added a lot..hope it turns here..not much support under 1.28
 
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Posted: #80
Sorry if you guys have discussed this, I have been absent for a while.

Any thoughts on Scottish independence?
 
Captain
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Posted: #81
Wow has ur pair taken off or what Wall..crazy run last few days
So many good looking charts and we both stuck in trades..just awful
 
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Posted: #82

How can a retail investor make money off of the dollar ? I know, the dollar is stronger than it deserves to be. I just don't know how to invest in the euro based on that...

The Euro, along with all of europe is 3 years behind the U.S. on the recoup. SOoooooo... My bet would be that the eruo is worth40% more vs the dollar in 3 years...

 

Thus... what do I do to make money on that...

 
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Posted: #83
Quote Originally Posted by bucknuts:

Wow has ur pair taken off or what Wall..crazy run last few days
So many good looking charts and we both stuck in trades..just awful

Yeah pretty much everything that can go wrong has.

What is disgusting is I missed out on covering last week by 10 pips..I kid you not.

The market never goes down, the Yen keeps falling and falling and falling..

USD almost to 109, at what point do they start worrying about this massive run harming our export business?
 
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Posted: #84
Quote Originally Posted by rick3117:

Sorry if you guys have discussed this, I have been absent for a while.

Any thoughts on Scottish independence?

I didnt see this question but the answer sure has smoked me good..

LB has been on a tear and coupled with the Yen cratering I am in a bad spot..
 
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Posted: #85
buck,

Who are you using for Forex?

I now have FXCM as FXDD transferred all US accts to them.

 
Captain
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Posted: #86
Still forex.com Wall,not great when comparing spreads but ive been with them forever
 
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Posted: #87
I am not very happy with the change to FXCM..

 
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Posted: #88
Think or Swim Sold to TD Ameritrade.

Still with them though.
 
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Posted: #89
Help My question !
 
Covers Linesmen
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Posted: #90
Quote Originally Posted by Pipe-Light:

How can a retail investor make money off of the dollar ? I know, the dollar is stronger than it deserves to be. I just don't know how to invest in the euro based on that...

The Euro, along with all of europe is 3 years behind the U.S. on the recoup. SOoooooo... My bet would be that the eruo is worth40% more vs the dollar in 3 years...

 

Thus... what do I do to make money on that...


Well then you could open a Forex acct and go long the Euro vs the USD if you had this viewpoint.

 
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Posted: #91
Quote Originally Posted by rick3117:

Think or Swim Sold to TD Ameritrade.

Still with them though.

So what are the good and bad with them?
 
Rookie
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Posted: #92

Thinking about trading forex. Is meta trader 4 the way to go?

Anybody have experience with quest trade?

Info would be greatly appreciated.

 
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Posted: #93
Quote Originally Posted by Fire_Control:

Thinking about trading forex. Is meta trader 4 the way to go?

Anybody have experience with quest trade?

Info would be greatly appreciated.


No info about quest trade but I think all of us use Meta 4, it is what I prefer for sure.
 
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Posted: #94
Quote Originally Posted by wallstreetcappers:


No info about quest trade but I think all of us use Meta 4, it is what I prefer for sure.

Thanks Wall. They seem to be one of the better brokers in Canada from researching the web.

 
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Posted: #95
Quote Originally Posted by Fire_Control:

Thanks Wall. They seem to be one of the better brokers in Canada from researching the web.


Ok that is why, I am in the US so I would not have heard of them.

Meta is very simple to navigate and is more like other systems I have used, so for me the learning curve was minimal.
 
Captain
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Posted: #96
Yep, MT4 charts are my fav as well
 
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Posted: #97

A few more questions guys.

Any tips on setting up the charts for the best views or will that depend on what time frames you want to trade.

I found a tutorial on investopedia so I can learn some things there.

Is it worthwhile to trade events and trends with a smaller amount or easier to trade the 1 minute charts with a larger amount.

Thx.

 
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Posted: #98
Quote Originally Posted by wallstreetcappers:


Well then you could open a Forex acct and go long the Euro vs the USD if you had this viewpoint.

Thanks, and I am suprised u dont think this... It always out grows the dollar with some time. When they get good, in a year or 2. The euro will be 1.75 to a buck...

 
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Posted: #99
Quote Originally Posted by Pipe-Light:

Thanks, and I am suprised u dont think this... It always out grows the dollar with some time. When they get good, in a year or 2. The euro will be 1.75 to a buck...


I dont think that at all...read the headlines, the latest blurb is that the EU is considering all out QE next as the economies there are struggling, that is why the Euro has been falling...and will keep falling.

Japan went this route and the Yen went up almost 3000 pips, when the US did this the USD went down similar numbers. If the EU goes QE I would expect the Euro to go down to the 1.15 or even lower area.. I really dont get why the Euro is past par vs the USD honestly..I dont see how that basket of currencies (meaning it represents all those countries) is deserving such a premium to the USD.
 
 
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Posted: #100

So I guess your Long the US-Euro ?

What I like would be opposite Euro / US ?

I will just wait for a bottom. My thought is that things are more expensive over there and they make more money. The euro has to increase at some point. I look for it to be much higher, maybe my years are wrong. It feels like they will come out in better shape than this FAKE increase we have now.

Guess your right in the 1 - 2 year frame...

I have done well swinging biotechs, and pharma stocks. i am no trader by any means, I just know 401Ks are a ripoff with fees (compounded), etc. i need to make our retirement better and will not trust anyone. A fiduciary maybe... But there is no such thing... go figure...

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