G/U & E/U where it goes... | Forex Factory

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G/U & E/U where it goes...

  • #1
  • First Post: Nov 2, 2006 4:04pm Nov 2, 2006 4:04pm
In case of bad NFP G/U will not break 1.9176 for sure... BOE will not raise hike next week if G/U hold above 1.9000 and oil stay below 60$ Those setting aleary good like that to get inflation back itself and it will be unwise to hit market with hike!Also EURO ans USD not got hike today/last week so BOE should hold it too.Raise hike are "not a done deal" .Both g/u and euro are now moderatly overbought...So be ready to short tomorow or next week!And forget G/U at 1.95 this year...at this point only Political factors can get G/U at this top(iran,terrorist attack against usa...etc).I see eu/usd for next week around 1.2680/1.2740 and g/U at 1.8750/1.8800.
  • #2
  • Nov 2, 2006 7:18pm Nov 2, 2006 7:18pm
I think that rate-hike expectations are well priced in by markets now for USD, EUR, and GBP. Euro held rates but signalled another hike in coming Dec, so that is supporting Euro now. But you are right, the GBP looks more vulnerable to downside versus the USD at this level.
Forex is not easy!
  • #3
  • Nov 4, 2006 6:59am Nov 4, 2006 6:59am
Im too asking myself where EUR/USD will go next week after NFP and ISM, while those numbers unleashed the bears we need to see if is the right time to short or not, looking at daily charts I think it will be a DT soon for EUR/USD and GBP/USD, 1.9135 is a strong resistance for GBP/USD. just like 1.2800 level for EUR/USD.
Time will tell.


Someone else want to share opinions?
  • #4
  • Nov 4, 2006 7:13am Nov 4, 2006 7:13am
regarless of hikes for now the EURUSD is going to 1.2551 before turning upwards for about 500 pips and the GBPUSD is going down to 1.8644 before going up to 1.9400.http://www.forexfactory.com/forexfor...ons/icon12.gif
  • #5
  • Nov 4, 2006 7:32am Nov 4, 2006 7:32am
what type of analisys are you using to be so certain?



Quoting fixme1too
regarless of hikes for now the EURUSD is going to 1.2551 before turning upwards for about 500 pips and the GBPUSD is going down to 1.8644 before going up to 1.9400.http://www.forexfactory.com/forexfor...ons/icon12.gif
  • #6
  • Nov 4, 2006 8:31am Nov 4, 2006 8:31am
Elliot wave theory. Check out my thread I do a weekly review and upcoming moves for the next week. this week review is on page 28 of my thread. Search forum for "Elliot wave trading" that is my thread's name.



Quoting luckyargfx
what type of analisys are you using to be so certain?
  • #7
  • Nov 4, 2006 8:39am Nov 4, 2006 8:39am
Quoting fixme1too
regarless of hikes for now the EURUSD is going to 1.2551 before turning upwards for about 500 pips and the GBPUSD is going down to 1.8644 before going up to 1.9400.http://www.forexfactory.com/forexfor...ons/icon12.gif
hi fixme, did you recognize that you takeprofit limit for gbp/usd is same as the limit of sashken in the forex championship. interesting isnīt it, sashken never lost a trade since the begining of the EA-tournement. it is amazing what benefits his EA can achieve

by the way, did you use a book for your knowledge about elliot wave or did you use other sources.
  • #8
  • Nov 4, 2006 9:08am Nov 4, 2006 9:08am
Wow interesting how can I find out about this forex championship? I didnt use any books I just use the guidelines on my forum. I have listed the guidlines today. I have not read any books. I do have an e book on EW theory but I dont know how good it is. I can email it to you if you like. Just IM me with your email address and I will send it to you.



Quoting Wallboroff
hi fixme, did you recognize that you takeprofit limit for gbp/usd is same as the limit of sashken in the forex championship. interesting isnīt it, sashken never lost a trade since the begining of the EA-tournement. it is amazing what benefits his EA can achieve

by the way, did you use a book for your knowledge about elliot wave or did you use other sources.
  • #9
  • Nov 4, 2006 9:51am Nov 4, 2006 9:51am
Quoting fixme1too
Wow interesting how can I find out about this forex championship? I didnt use any books I just use the guidelines on my forum. I have listed the guidlines today. I have not read any books. I do have an e book on EW theory but I dont know how good it is. I can email it to you if you like. Just IM me with your email address and I will send it to you.
woh thanks, iīll give you my email adress. the adress of the championship: http://championship.mql4.com

itīs really astonishing how sashkenīs EA works. he uses no stoploss. he himself said, that if he used stoploss, it probably would be 400-500 pips. i, too, dont use stoploss, risky, but in the end effective.

i use candlesticks, rsi, momentum,stock and mouteki(daily) on seperated chart windows. now i want to use elliot wave as well for a better knowledge where the price will go.
  • #10
  • Nov 4, 2006 10:39am Nov 4, 2006 10:39am
Quoting Wallboroff
woh thanks, iīll give you my email adress. the adress of the championship: http://championship.mql4.com

itīs really astonishing how sashkenīs EA works. he uses no stoploss. he himself said, that if he used stoploss, it probably would be 400-500 pips. i, too, dont use stoploss, risky, but in the end effective.

i use candlesticks, rsi, momentum,stock and mouteki(daily) on seperated chart windows. now i want to use elliot wave as well for a better knowledge where the price will go.
Where can I download this EA, thanks.
  • #11
  • Nov 4, 2006 10:46am Nov 4, 2006 10:46am
In fact I do not know about EW, but the targets seem appropriate.


Btw, do you have any starting guide for beginners?
Forex is not easy!
  • #12
  • Nov 4, 2006 10:48am Nov 4, 2006 10:48am
page 29 on my thread. good starting point



Quoting AhmedFouad
In fact I do not know about EW, but the targets seem appropriate.


Btw, do you have any starting guide for beginners?
  • #13
  • Nov 4, 2006 10:52am Nov 4, 2006 10:52am
I can email it to you or go to any torrent site you should be able to find it



Quoting wwwin
Where can I download this EA, thanks.
  • #14
  • Nov 4, 2006 10:54am Nov 4, 2006 10:54am
hey guys this is sf2000's thread I dont want to seem as though im taking over his thread you can IM with questions or ask on my thread "ELLIOT WAVE TRADING"
  • #15
  • Last Post: Nov 4, 2006 11:23am Nov 4, 2006 11:23am
one more thing to the EA of sashken. i tried to backtest it but it has a stoploss in it. i know, i said he wouldnīt use one. be sure to eliminate stoploss and then backtest it, with start balance 10.000.

back to the topic of this thread. i think gbp/usd will move down to 1.8755, this is 62 % retracement of the highest high and lowest low in october.
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