DislikedCan u explain?
I see no longer term fibs nor support/resistance there.Ignored
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EurAnalysis Kindergarten 24 replies
DislikedCan u explain?
I see no longer term fibs nor support/resistance there.Ignored
DislikedThere hides 200% extensions of two recent breakout swings + mirror of the broken daily decending channel + 61.8% of rising the channel + MIDDLE in between 61.8 and 50% of W1 down swingIgnored
DislikedThere hides 200% extensions of two recent breakout swings + mirror of the broken daily decending channel + 61.8% of rising the channel + MIDDLE in between 61.8 and 50% of W1 down swingIgnored
Dislikedand USDX sitting at 79.00 support. I'm still not gonna short this euro pig though. Maybe a scalp if I get a signal, but that's it.
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DislikedAnd at which level you would short blindly, hmm? 3830/50 maybe..? I mean if it goes there without retracementIgnored
Dislikedand USDX sitting at 79.00 support. I'm still not gonna short this euro pig though. Maybe a scalp if I get a signal, but that's it.
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Dislikedgood evening/ morning, as the case may be
love that reference "euro pig"
the pathetic little twerp, is what it has become lately - but mind not, will blindly short it at 3707 again, if it can findthe legs to take it there,but i doubt it for today, unless some news trips another cascade of buy stops of course...Ignored
DislikedGood Day
I like your thoughts and your methods. I always trade using intramarket analysis. I just posted an explanation for what happened to the EUR/USD in the last few days since Draghi spoke on Thursday, January 10, 2013.
I did not have a chance the read all the posts before I posted my explanation so yours was the one I just choose to reply to to continue with my views on the recent strength in EUR/USD.
Forex trading is about PERCEPTION and MONEY FLOW.
Of course there are many other factors however I am only focusing on what happened...Ignored
Dislikedthe fact that it has not even managed a miserly 10 cents since the last retrace to 1.30 area in four weeks, despite all the manipulation/ news feeding by the equally pathetic investment banks and all the stop hunting galore by the criminal brokers, shows it for what it really is - a weakling currency being artificially propped to a ridiculous level before its inevitable demise to its real pathetic state where it truly belongsIgnored
CurrencyMan http://www.forexfactory.com/images/s...ser_online.gif
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Member Since May 2012
1,053 Posts
Posted by TexasforEX
Baring something dramatic like a .50 cut or a QE announcement, I don't do fundamentals. And in this case of the euro, it's been a benefit. I really don't know how to justify this move up in the euro. Probably has to do with the market having an overwhelming opinion, but maybe not. I can't say for sure.
All I know is what I read in the charts. And fortunately, my interpretation has been correct.
Now it seems as though the eur/gbp is due for a retracement in the channel. And I see the pound setting up for a nice bullish leg. I know this thread...
So much for the latest "recovery." While everyone continued to forget that in the New Normal markets do not reflect the underlying economy in the least, and that the all time highs in the Russell 2000 should indicate that the US economy has never been better, things in reality took a deep dive for the worse, at least according to the Empire State Fed, the Philly Fed, and now the Richmond Fed, all of which missed expectations by a huge margin, and are now deep in contraction territory. Moments ago, the Richmond Fed reported that the Manufacturing Index imploded from a 9 in November, 5 in December and missed expectations of a 5 print at -12: this was the biggest miss to expectations since September 2009.