EURUSD

Funy that you asked... I've just got it all working the way I wanted (all pheriferials, sound, video, etc), installed mysql, revived some old code I was going to start working with, added it to cloud forge).. ah, there's one more thing.. set up the aws ssh and vnc...I was just going to start now.. Not sure if with dd... I'm lazy and I want an interface.. I'll keep looking for something.. I have to, if I lose this machine, I'm screwed.

With the day coming to end and EU closing clearly above 2950 indicates the pair wants to move up but a retest of the line could confirm up move has started.

Coo, ive got pending long up there. I was thinking same thing.

I'm lazy as well and because of that I manage these things via cronjobs. There are thousands of automation-scripts out there that do your backup and upload it to a different hard-drive or cloud or grave-yard, you name it. I'm one of the laziest people when it comes to maintenance.

Haha... I'm laughing my ass off...

Now, that they forced the nuisances of the Euro onto us, luring us in with 'free-trade' and -travel, they're closing the gates again...

around 3080 could find tougher resistance.

Hello all,
this is today's (May 30th) review for the EUR/USD. Notice that I always reference the Euro FX currency futures because that is what I trade. The videos also relate to the futures contract unless differently stated:

Yesterday I wrote about a possibility for Euro to keep moving higher and today the Euro delivered. The Euro continued higher piercing that 1.3047 level, meaning that the offer coming in the area above the 1.3000 and to that level is now gone, out of the market. Price also dipped well within the next and last area of offer (before the larger 1.3240), starting in the 1.3020 area and ending above 1.3076.

If the 1.3078 level is pierced on the upside (and I anticipate that happening, but do not know it for sure) I will not be interested in swing shorts any more. Price would then be set to retest the 1.3240 for the second time, and we know that second tests are dangerous tests. The retest of that area is especially important because bears will need to decide whether they will keep their swing short positions initiated around the 1.3240 area, or will let the market continue higher, by covering shorts.

I won’t be there with my position to test that. I will exit shorts above 1.3078. If we break the 1.3078 level we are not likely to go up into the 1.3240 area in a straight fashion. We will move there not before we get some sort of price retrace. I have identified an important anchor (level from which I trace the Fibonacci studies to identify price structure and setups in the current market conditions) and that is the 1.2880 level. This level is being used by Program Trading at the moment and I suspect it will still be important after/if price breaks above 1.3078 and in case we continue higher into and through the 1.3240 area and price breaks the 1.3357 level.

If the 1.3357 level breaks bears will be all gone into the woods and the Euro will have again an opportunity and free way to move all the way into the 1.41 area in the coming weeks/months.

Here is the link to my blog where you can find the usual video-analysis and forecast for the Euro: http://elitefive.wordpress.com/2013/...lish-language/

I am always interested to your thoughts.

Thank you
Cheers
-fibstalker

Put the Fib retrace over this on weekly chart & it looks even better.

We might start looking at the 2750 area.. that if it turns here.. If not, who knows where it's going..

Dustbin

*thumbs up* I was thinking good spot too, Im short this, well technically long USDCHF but the level it is in now is golden.

Mr Who say we going down 2750 would be fantastic start, bull has been busy while I sleep
Cable & EU looks to be starting to top out kiwi aussie back to good resistance , and geppy at good resistance, but need her resistance to break, swissy at nice support
Yen data in 7 mins any red and show will be on the road
Followed by kiwi then aussie data. nice little cluster of asia pacific data for asia pacific session, Sundays yuan data could be critical
Last day of May what surprises have we in strore??

A lot of data incoming today, so we should see nice PA.

Good morning all... 8:11 am here.. In Good old sunny Taiwan.

Time to sharpen my skills and gain some pips.

hello V4

...

not sure it's morning or evening... trying to get back into normal sleep zone as been going to bed 7am so decided to stay awake and not go sleep today until 10pm...... I will struggle but there's Lippo (Stronger version of Red Bull available!!!

Euro I think up in Asia to 1.3076 area then down 100 pips to 1.2978 in Pre London and London... then New York will repair the 100 pips and add some more.. finishing at 1.3105

Cable I think the same.. up to 1.5264/70 then down 100 pips to 1.5164 area then New York repairs it and takes it too 1.53