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BIS seen buying EUR/USD

By   || August 9, 2010 at 11:16 GMT
|| 16 comments || Add comment

Around present 1.3255. Will they hold the slide?  Who knows. But they might at least slow it.

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16 Responses to “BIS seen buying EUR/USD”

  1. traderdude on August 9th, 2010 11:24 GMT

    nah…its going down :)

  2. Anand on August 9th, 2010 11:50 GMT

    whenever i have BIS seeing i have seen currencies going down :)

  3. segzy on August 9th, 2010 11:58 GMT

    are bis buying and at what price we are going to see the turn around to what point or bis buying means sell orders

  4. Gerry Davies on August 9th, 2010 12:01 GMT

    having been doing this about 16/17 months for forexlive Amand id hazard a guess they turn the market maybe around 70% of the time, even if it’s only temporarily. I would say they have a tendency to have more impact during Europe’s morning.

  5. Tibor on August 9th, 2010 12:04 GMT

    I will start publishing forex signals. When I buy I will publish sell and vice versa. It is an 90% accurate signal. :)

  6. Chodi on August 9th, 2010 12:21 GMT

    Gerry, I have been following your comments since you have been on Forexlive. I just wanted to post to let you know your info is greatly appreciated. I trade full time and you are my guiding light in the storm.

  7. Ahmed H on August 9th, 2010 12:30 GMT

    Hi Tibor,
    I thought the same about some ordinary signals always make loss. Why dont we open trade against them and make killing… Lol

  8. Gerry Davies on August 9th, 2010 12:33 GMT

    That’s very kind of you to say so Chodi.

  9. Ahmed H on August 9th, 2010 12:38 GMT

    Gary,
    I do agree with you because I suffer a lot when bis in the market, the reason is I trade on short term momentum and usually bis is against my trend…

  10. Tibor on August 9th, 2010 12:38 GMT

    Hi Ahmed. I am not using any signals only s/r and trend lines. But It makes me crazy, when I open a position in one direction, the price usually turns back. So I think, I can publish always the opposite what I do. :)

  11. Adi on August 9th, 2010 12:39 GMT

    Gerry – Wellcome to the afternoon sesion

  12. Gerry Davies on August 9th, 2010 12:43 GMT

    Thank you Adi

  13. Jorge on August 9th, 2010 13:28 GMT

    tibor most traders are wrong in the entry point, I suggest you consider timing factors and averaging, if you are trading 100k trader only 20k lots and start entry on support and resistance levels when they are reached and exit conservatively, about timing enter just prior liquidity time, just befor asian EU openings, US is more volatile, also use large stops 100 to 150 pips, large stops timing and averaging are against the common knowledge, but try this on a demo and you´ll see

  14. Ahmed H on August 9th, 2010 13:50 GMT

    Hi Tibor,
    You must trade Eur/Usd.

  15. david on August 9th, 2010 14:28 GMT

    Demo trading is fun… but never the same. I made more than 1/2 a month’s salary in the space of the last 4 hours… but all on my demo account, trading pretty much at full leverage :) I guarantee the results would not have been as good if I was using real money. But I think these summer markets are a good time for using fake money.

  16. Jakemo on August 9th, 2010 14:54 GMT

    Ahmed- Hahahaha so true.
    David- I agree, I doubled a 10k demo acct in 2 weeks, and since I started real money in May I’ve averaged out to making about 20%, I think between demo trading and the market being really screwy for a couple months, it’s been a slow season for real money.

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