I asked this question yesterday and still have no answer.
Why is the eurusd trading higher?
GVI Forex Jay Meisler 14:04:16 GMT - 11/19/2014
Stops run above 1.2550.
See 4 hour chart for key levels (1.2578) and then trendline + 200 period mva in the 1.26s. Damage only fatal if 1.2578 is firmly taken out.
I have not seen any reason for the flows but EUR crosses have put a bid under EURUSD since yesterday.
Minneapolis DRS2 14:11:05 GMT - 11/19/2014
re JN 13:47: One of the best pieces of trading advice I ever read came from a long-time poster who I shall leave nameless. I'm going from memory here, but they said "markets breathe in, and markets breathe out".
Basically, the price goes up and it goes down depending on the buying or selling activity at the moment. If you look at EUR/USD, you'll see that it went down a little bit, then the buying took over and price jumped up.
How does this help you? Well, if you can time your buying and selling to match the market, you can make some great money. This is not an easy task -- it takes skill and experience and can take a long time to master. But once you start to successfully do so, your trading will really take off. I don't know your experience level so I may be speaking out of turn, but hopefully this helps...
Mtl JP 14:28:58 GMT - 11/19/2014
DRS2 what is the brand of the watch u r using to order price to go up/down ? tia
GVI Forex Jay Meisler 14:31:12 GMT - 11/19/2014
Now back to 1.2550 after not making a serious run at 1.2578. I ti hard to see big bets, especially on the USD sell side, ahead of the FOMC minutes.
Dillon AL 14:44:33 GMT - 11/19/2014
JP its likely a Chopard
Minneapolis DRS2 14:48:18 GMT - 11/19/2014
Sorry...No fancy watches for me, I'm a Timex guy. "It takes a licking and keeps on ticking!"
Mtl JP 14:50:34 GMT - 11/19/2014
watch gagging eurchf ?
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