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EURUSD

  • #1,122,101
  • Jul 7, 2017 8:16am Jul 7, 2017 8:16am
market looks good for usd rally
  • #1,122,102
  • Jul 7, 2017 8:17am Jul 7, 2017 8:17am
GBPxUSD down, now CAD is going down to, so EURxUSD will go down to.
  • #1,122,103
  • Jul 7, 2017 8:17am Jul 7, 2017 8:17am
lets try a short from 1390 to 1356
  • #1,122,104
  • Jul 7, 2017 8:17am Jul 7, 2017 8:17am
Quoting nesta
{quote} LONG??NEVER
If the price is "Great Enough" and your long term signal has not changed to SHORT, technically a price like that is where you get the best "deal." Right? haha.
  • #1,122,105
  • Jul 7, 2017 8:17am Jul 7, 2017 8:17am
Quoting Connors
{quote} 1.1406/1.1418 - weekly open - should cap any bounce.
Don't forget mate all support create to break so wait ..confirm than go..imho
Say something meaningful or Silence!!
  • #1,122,106
  • Jul 7, 2017 8:23am Jul 7, 2017 8:23am
Quoting classy
{quote} Don't forget mate all support create to break so wait ..confirm than go..imho
no.need
$STRONG
GOLD.StrongDOWN..
eur..DOWN..no.need..support
if you my trade,My-post analysis, subscribed to ME
  • #1,122,107
  • Jul 7, 2017 8:28am Jul 7, 2017 8:28am
Looks like market squeezing shit out of previous long. If 14 holds I am in for sale. Target 1290.
if 1424 breaks next stop 15.
  • #1,122,108
  • Jul 7, 2017 8:32am Jul 7, 2017 8:32am
Quoting denisius
Looks like market squeezing shit out of previous long. If 14 holds I am in for sale. Target 1290.
1.1380 needs to break convincingly though right? Then that will cease being LONG support then and become SHORT support. If you short up here, you risk a blow off top and all that fun "gap" after the weekend stuff. I think the SHORT is coming soon, but here you risk a big jump still. I do think that high NF number DOES set us in line for the dollar recovering here really soon though... I think it always takes time though for the longer term trends in this stuff to "swap places."

If I were trying to jump the short signal, I'd target 1.1432 at least to sell. But personally think it can be best to work it so I sell when the momentum is going your way for the position and that is the opposite really.

If you think about it, in effect with attempting to short without momentum, you are trying to call an overall "exact" top which is always really hard/painful to do - but just my opinion since others might have their own stuff that works better for them.
  • #1,122,109
  • Jul 7, 2017 8:35am Jul 7, 2017 8:35am
Quoting sakisf
{quote} Short EJ?
Saki I don't look at EJ fttb ... If $JY tops out at 114.00 then E. will bottom out at 113.77-74 supp.

I will trade these levels , if reached ...
  • #1,122,110
  • Jul 7, 2017 8:36am Jul 7, 2017 8:36am
Quoting ZenNy
{quote} 5m index {image}
just a bit more... +10
Attached Image (click to enlarge)
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trading is simple but is simple is not easy.
  • #1,122,111
  • Jul 7, 2017 8:38am Jul 7, 2017 8:38am
Quoting ZenNy
{quote} just a bit more... +10 {image}
60m
Attached Image (click to enlarge)
Click to Enlarge Name: uj1.png Size: 20 KB
trading is simple but is simple is not easy.
  • #1,122,112
  • Jul 7, 2017 8:40am Jul 7, 2017 8:40am
I am betting $0.01 it will close within 1 pip of daily open today. To mess everyone up
  • #1,122,113
  • Jul 7, 2017 8:41am Jul 7, 2017 8:41am
Quoting ZenNy
{quote} 60m {image}
5m index
Attached Image (click to enlarge)
Click to Enlarge Name: index 1.png Size: 50 KB
trading is simple but is simple is not easy.
  • #1,122,114
  • Jul 7, 2017 8:41am Jul 7, 2017 8:41am
Quoting skillz16
I'd think it finds support here at 1.1380 for the LONG side right now... bounce from here possibly?
You trade Fridays on your risk.
Thieving RB are out in force.
Scalping - easy. Spikes - a lot.

Here's my 2cent advice.
Wait for double top Monday (sell).
Attached Image (click to enlarge)
Click to Enlarge Name: Not-KPMG 2016-12-03 NOT Friday.jpg Size: 352 KB
Beware of robber banks (RB), bad advisors.
  • #1,122,115
  • Jul 7, 2017 8:43am Jul 7, 2017 8:43am
Quoting skillz16
{quote} 1.1380 needs to break convincingly though right? Then that will cease being LONG support then and become SHORT support. If you short up here, you risk a blow off top and all that fun "gap" after the weekend stuff. I think the SHORT is coming soon, but here you risk a big jump still. I do think that high NF number DOES set us in line for the dollar recovering here really soon though... I think it always takes time though for the longer term trends in this stuff to "swap places." If I were trying to jump the short signal, I'd target 1.1432...
Here is what I see fundamentally; all data full of BS, can be easily manipulated, but it's good excuse for traders. Today got nothing to do with dollar strength or weakness. Numbers are in line with previous. Not much better BUT great excuse to spoof traders. We are at very comfortable E U resistance levels where down 200 pips doesn't change major trend just creating another consolidation zone. Now in order to one make money one have to loose money. We can't move price but banks can. If I am shorting now risking 50 pip in rewards of 100, in my book it's 2:1 ratio. I am good with that.
  • #1,122,116
  • Jul 7, 2017 8:43am Jul 7, 2017 8:43am
Quoting sakisf
I am betting $0.01 it will close within 1 pip of daily open today. To mess everyone up
That would be a perfect weekly doji candle bro.
  • #1,122,117
  • Jul 7, 2017 8:48am Jul 7, 2017 8:48am
Quoting Not-KPMG
{quote} You trade Fridays on your risk. Thieving RB are out in force. Scalping - easy. Spikes - a lot. Here's my 2cent advice. Wait for double top Monday (sell). {image}
I am going to look for that.....if it does not work I will bill you (only kidding)
trading is simple but is simple is not easy.
  • #1,122,118
  • Jul 7, 2017 8:49am Jul 7, 2017 8:49am
I am going bullish USD. As I just saw a picture of trump making merkel cry. Showing how weak euro is.
  • #1,122,119
  • Jul 7, 2017 8:50am Jul 7, 2017 8:50am
EUR/USD appears to be regaining its footing ahead of the next FOMC interest rate decision on July 26 as ECB embraces a less-dovish outlook for monetary policy.
The ECB meeting minutes suggests the Governing Council will continue to change its tune over the coming months as the euro-area expands ‘at a somewhat faster pace than previously expected.’ President Mario Draghi and Co. may sound more upbeat at the next meeting on July 20 as officials note the positive developments coming out of the euro-area ‘had to be reflected in the Governing Council’s communication by dropping the reference to the expectation of further rate cuts in its forward guidance on policy rates,’ and the central bank may show a greater willingness to gradually reduce its asset-purchase program over the coming months as the non-standard measure is set to expire in December.
Keep in mind, the Euro still faces a bumpy road ahead as the ECB appears to be on course to preserve the zero-interest rate policy (ZIRP) throughout 2017, while Greece struggles to secure the next tranche of its bailout program. Nevertheless, the material shift in EUR/USD behavior may continue to unfold over the near to medium-term as the Governing Council alters the forward guidance and sees ‘diminishing downside tail risks to price stability.’

EUR/USD Daily

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The broader outlook for EUR/USD remains constructive as price & the Relative Strength Index (RSI) continue to track the upward trends carried over from late-2016. A near-term bull flag formation appears to be panning out as EUR/USD snaps back ahead of the former-resistance – the 1.1290 (38.2% expansion) zone – and starts to carve a series of higher highs & lows.
As a result, a break of the June-high (1.1446) may trigger a more meaningful run at the 1.1480 (78.6% expansion) hurdle, with the next region of interest coming in around 1.1580 (100% expansion).
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Retail trader data shows 25.2% of traders are net-long with the ratio of traders short to long at 2.97 to 1. In fact, traders have remained net-short since Apr 18 when EURUSD traded near 1.06424; price has moved 7.3% higher since then. The number of traders net-long is 10.1% lower than yesterday and 31.4% higher from last week, while the number of traders net-short is 8.8% higher than yesterday and 2.8% lower from last week. For more information on retail sentiment, check out the new gauge developed by DailyFX based on trader positioning.
  • #1,122,120
  • Jul 7, 2017 8:51am Jul 7, 2017 8:51am
looks like a good buy opportunity on the dip
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