EUR / USD Better off at the casino?

[alanrox]

Do not trade more than three currencies pair at a time....trading one pair or two pairs in any trading session would be much better because you can better concentrate on market sentiment....also less confusing!

For me it's really hard to pick the pairs. From your experience can you suggest a few pairs to pay more attention ?

Thanks in advance

 

[FringFX]

For me it's really hard to pick the pairs. From your experience can you suggest a few pairs to pay more attention ?

Thanks in advance

Each pair tends to exude a certain character. Start with the major pairs and see which "characters" you like the most, and trade them.

 

[elisab]

Wednesday, May 22nd: Bernanke+FOMC minutes, secure volatility on EurUsd.

 

[Pharaoh]

Bernake opening his mouth is a good reason to be flat. There's no telling what sort of crazy thing he could say.

 

[irongoose]

Bernie talking today will cause major volatility in the EUR/USD , every little thing he says will be scrutinized by millions of traders all coming to different conclusions and all trading on their assumptions unless you hear something definite like Bernie saying The Fed will end all QE by the end of the month don't trade!

There will be plenty of opportunities to make money in the future so there is no need to think you are missing your plane if you don't trade today.

And if you do decide to trade today I wish you well.

 

[willforex]

Bernie talking today will cause major volatility in the EUR/USD , every little thing he says will be scrutinized by millions of traders all coming to different conclusions and all trading on their assumptions unless you hear something definite like Bernie saying The Fed will end all QE by the end of the month don't trade!

There will be plenty of opportunities to make money in the future so there is no need to think you are missing your plane if you don't trade today.

And if you do decide to trade today I wish you well.

I have a short trade with 5o pips profit. Better to close as you guys suggested.

 

[irongoose]

WARNING !!!!!

Bernie is about to talk!!

 

[irongoose]

First the dollar gos down and then the dollar gos up! I hope no one got stopped out so far.

Even though I recommended not trading today I did and managed a decent scalp trade that I opened and closed in about 5 mins. But never the less I could have very well lost the same amount of money just as fast.

Things look like they are starting to calm down a bit and having made some quick cash I think I'll sit the rest of this one out and make sure all the smoke has cleared before looking to enter the market again.

 

[irongoose]

Well the amazing EUR has done it again the USD posts unemployment claims lower then expected (340k-347k) and a PMI # of 51.9 a little better then the 51.6 expected,New Home Sales up and beating exceptions of 429K and coming in at 454k instead and yet the Euro is holding its ground!!!!

Not only has the Euro held its ground in the face of a strengthening Dollar but it also went up last night after posting all PMI numbers under 50!! WTF!!!????

Maybe its because "Draghi The Account Slayer" is going to talk today at 3:30pm US time and everyone is afraid to do anything until hes done speaking, that the Euro hasn't gone down yet.

But still should the Euro have gone up in the first place after posting all those crappy PMI numbers?

Is today that time of the year when "Draghi The Account Slayer" will utter the most horrifying words ever heard by Forex traders......... "WE WILL SAVE THE EURO" ????? And afterwards the Euro for no reason will sky rocket to a 1.40 while posting dismal numbers the rest of the year????

 

[elisab]

It’s now the turn of the Ecb and Mr Draghi on June 6th.