I know it seems crazy but if the government raises rates and we do not (Canada) then the USD SHOULD go lower.
I am amazed that we are allowing the USD to just flatline here, it makes me think the FED is trying to give banks more money by keeping rates low and letting them reinflate themselves in the process.
0
I am looking for 100 on the trade..the usual.
I know it seems crazy but if the government raises rates and we do not (Canada) then the USD SHOULD go lower.
I am amazed that we are allowing the USD to just flatline here, it makes me think the FED is trying to give banks more money by keeping rates low and letting them reinflate themselves in the process.
I am amazed that we are allowing the USD to just flatline here, it makes me think the FED is trying to give banks more money by keeping rates low and letting them reinflate themselves in the process.
Isnt this what Greenspan did b4 to create this mess?He was cutting rates and everybody questioned it then,Ive seen a few people say thats basically why were here now...Im really impressed with Ron Paul been watching videos of him taking it to Bernanke.....just sucks hes so old now i dont think he can pull it off...maybe if he was in his 50s and people had to go through this for a another term he could get it done but now???I think Obama is gonna win no matter what happens...
0
Quote Originally Posted by wallstreetcappers:
.
I am amazed that we are allowing the USD to just flatline here, it makes me think the FED is trying to give banks more money by keeping rates low and letting them reinflate themselves in the process.
Isnt this what Greenspan did b4 to create this mess?He was cutting rates and everybody questioned it then,Ive seen a few people say thats basically why were here now...Im really impressed with Ron Paul been watching videos of him taking it to Bernanke.....just sucks hes so old now i dont think he can pull it off...maybe if he was in his 50s and people had to go through this for a another term he could get it done but now???I think Obama is gonna win no matter what happens...
im still in short usd/chf and gbp/usd like you said buck i wante to average in on usd/chf but im afraid it will run over the 10687. i was up a little on gbp/usd about 2 hours ago, was waiting for it to drop but it stalled.
0
im still in short usd/chf and gbp/usd like you said buck i wante to average in on usd/chf but im afraid it will run over the 10687. i was up a little on gbp/usd about 2 hours ago, was waiting for it to drop but it stalled.
Im in GBP and CHF but the CHF is a new position i entered a few hrs ago...i set a limit for the other trade and it got taken out this morning...
i still like GBP short it failed to close above a trend line i got on my chart...would like to see it seek the bottom of the channel in the low 51s maybe setting up a buy..here what im looking at for GBP chart....thoughts fellas?
Im in GBP and CHF but the CHF is a new position i entered a few hrs ago...i set a limit for the other trade and it got taken out this morning...
i still like GBP short it failed to close above a trend line i got on my chart...would like to see it seek the bottom of the channel in the low 51s maybe setting up a buy..here what im looking at for GBP chart....thoughts fellas?
buck on the chf/usd what do think is the next level of res where i could average if need be ? i dont see any ma's above but on the pivot chart from forex it shows lv1 res @ 10719 and lv2@ 10752 those are the daily and on the weekly theirs lv2 @ 10718. I'm thinking at 10719 is good resistance and if it gets their thats where i average in hard.
0
buck on the chf/usd what do think is the next level of res where i could average if need be ? i dont see any ma's above but on the pivot chart from forex it shows lv1 res @ 10719 and lv2@ 10752 those are the daily and on the weekly theirs lv2 @ 10718. I'm thinking at 10719 is good resistance and if it gets their thats where i average in hard.
Buck, if i follow your trading model ( 2 lots, avg. in down 100 pips) what kind of account fundage do I need in order to prevent triggering a forex.com automatic sell to cover should the trade continue to move against my position?
Much appreciated
0
I am 100 to 1 leverage.
Buck, if i follow your trading model ( 2 lots, avg. in down 100 pips) what kind of account fundage do I need in order to prevent triggering a forex.com automatic sell to cover should the trade continue to move against my position?
im outta gbp short i wanted the dry powder for the usd/chf pair, im not comfortable with it as i know jack shit about the the franc and what makes it move.
0
im outta gbp short i wanted the dry powder for the usd/chf pair, im not comfortable with it as i know jack shit about the the franc and what makes it move.
Buck, if i follow your trading model ( 2 lots, avg. in down 100 pips) what kind of account fundage do I need in order to prevent triggering a forex.com automatic sell to cover should the trade continue to move against my position?
Much appreciated
This is how I see it..you need to be able to average down to 5-6-7 lots and not have it toss you out, I personally dont start with 2 lots though..and I do start averaging into a position about 100 pips down as well.
I probably should have taken the 50 pips I had on that LB short..
0
Quote Originally Posted by cdk68:
I am 100 to 1 leverage.
Buck, if i follow your trading model ( 2 lots, avg. in down 100 pips) what kind of account fundage do I need in order to prevent triggering a forex.com automatic sell to cover should the trade continue to move against my position?
Much appreciated
This is how I see it..you need to be able to average down to 5-6-7 lots and not have it toss you out, I personally dont start with 2 lots though..and I do start averaging into a position about 100 pips down as well.
I probably should have taken the 50 pips I had on that LB short..
Wallstreet thanks for your response. Excuse the cheesiness, but you are Obi Wan to Buck's Luke Skywalker. I have much respect for your posts and take note of the knowledge you share.
Just getting to know Pap and I like him as well.
All time double bottom on the EUR/CAD (1.3339) after the dead cat bounce? Or is it time for Canada to start world domination after support breaks?
0
Wallstreet thanks for your response. Excuse the cheesiness, but you are Obi Wan to Buck's Luke Skywalker. I have much respect for your posts and take note of the knowledge you share.
Just getting to know Pap and I like him as well.
All time double bottom on the EUR/CAD (1.3339) after the dead cat bounce? Or is it time for Canada to start world domination after support breaks?
Dont worry about the all time double bottom, look at the why versus the event.
You can say the same for several EU pair..look at the EU.AU pair, just a miserable chart and if you didnt know the underlying WHY then you would jump in long and probably get crushed.
The CD currency is strong because their economy is tied to commodities and with them considering raising rates, they are almost grouped with the AU which is probably the strongest out there. Having commodities so strong means these one dimensional economies are REALLY benefiting. I think it is a short term event and wont last longer term but until the US or the LB or the EU start to signal rate increases and stability, you gotta ride what is working now.
I wouldnt go long that pair..unless you are looking for a small return or have deep pockets and a long time horizon.
0
cdk,
Dont worry about the all time double bottom, look at the why versus the event.
You can say the same for several EU pair..look at the EU.AU pair, just a miserable chart and if you didnt know the underlying WHY then you would jump in long and probably get crushed.
The CD currency is strong because their economy is tied to commodities and with them considering raising rates, they are almost grouped with the AU which is probably the strongest out there. Having commodities so strong means these one dimensional economies are REALLY benefiting. I think it is a short term event and wont last longer term but until the US or the LB or the EU start to signal rate increases and stability, you gotta ride what is working now.
I wouldnt go long that pair..unless you are looking for a small return or have deep pockets and a long time horizon.
wall your knowledge on the currency pairs is awesome. what the hell does the swiss franc move on ?? lol i hate being in pairs that one i have no idea what drives its movements.
0
wall your knowledge on the currency pairs is awesome. what the hell does the swiss franc move on ?? lol i hate being in pairs that one i have no idea what drives its movements.
wall your knowledge on the currency pairs is awesome. what the hell does the swiss franc move on ?? lol i hate being in pairs that one i have no idea what drives its movements.
Thats a good question and we have discussed it before and this is what I personally think about it.
The CHF is an "oasis" currency..meaning it sits there in the middle of all these other countries who seem to do stupid things and they seem to keep their noses clean and not be entangled in the messes that the LB and EU get involved in.
What seems to move the CHF is how the government there is fighting it being too strong and the political battle that goes on to either take interventive measures or not..they seem to claim that if the CHF gets higher than X point versus the dollar that the Swiss government will step in and make sure it does not go much higher, so if you look at a longer term chart of the US.CHF that for a year it has really been boxed in to a narrow trading range.
Then the other pairs it is matched up with reflect the weakness of the counter-pair, say like the EU..it has been a down sloping chart for a year, but still nothing like other pairs..the EU.CHF has a less than 1k top to bottom pip spread..
With the CHF you will lose the volatility that you find with other currencies, so if you want the most action you have to bump up the counter-pair volatility..
I dont care for that currency so much, it is manipulated and controlled, too much time spent waiting for a 50 pip move..lol
0
Quote Originally Posted by papageorgio:
wall your knowledge on the currency pairs is awesome. what the hell does the swiss franc move on ?? lol i hate being in pairs that one i have no idea what drives its movements.
Thats a good question and we have discussed it before and this is what I personally think about it.
The CHF is an "oasis" currency..meaning it sits there in the middle of all these other countries who seem to do stupid things and they seem to keep their noses clean and not be entangled in the messes that the LB and EU get involved in.
What seems to move the CHF is how the government there is fighting it being too strong and the political battle that goes on to either take interventive measures or not..they seem to claim that if the CHF gets higher than X point versus the dollar that the Swiss government will step in and make sure it does not go much higher, so if you look at a longer term chart of the US.CHF that for a year it has really been boxed in to a narrow trading range.
Then the other pairs it is matched up with reflect the weakness of the counter-pair, say like the EU..it has been a down sloping chart for a year, but still nothing like other pairs..the EU.CHF has a less than 1k top to bottom pip spread..
With the CHF you will lose the volatility that you find with other currencies, so if you want the most action you have to bump up the counter-pair volatility..
I dont care for that currency so much, it is manipulated and controlled, too much time spent waiting for a 50 pip move..lol
If you choose to make use of any information on this website including online sports betting services from any websites that may be featured on
this website, we strongly recommend that you carefully check your local laws before doing so.It is your sole responsibility to understand your local laws and observe them strictly.Covers does not provide
any advice or guidance as to the legality of online sports betting or other online gambling activities within your jurisdiction and you are responsible for complying with laws that are applicable to you in
your relevant locality.Covers disclaims all liability associated with your use of this website and use of any information contained on it.As a condition of using this website, you agree to hold the owner
of this website harmless from any claims arising from your use of any services on any third party website that may be featured by Covers.
Hot Forum Topics
