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EURUSD

  • #9,381
  • May 16, 2008 12:09am May 16, 2008 12:09am
= Boring right now

im in Cable and up 100+pips opened the position yesterday.



ahhh patience is a virtue.
"Diversification is an excuse for a lack of talent" ~FXC
  • #9,382
  • May 16, 2008 12:40am May 16, 2008 12:40am
There's a BIG 3 weeks old triangle on the charts, look like we're right in the middle now.
On the path to Enrichment.
  • #9,383
  • May 16, 2008 12:42am May 16, 2008 12:42am
Quoting bloo
Sorry, I canīt see double doji in on daily Eur/usd Chart. Last the 8th of May, we can see a doji, and next day, Eur went up....

Last days I can see itīs very easy to trade Eur/usd. Euro go up 140 pips and after, go down again 140/150....

I think we're going to see very soon a break up or down.
Who wants to bet?

Cheers!

Bloo
It depends on your broker's time zone for daily candles. I can see the double doji too

It's going to break very soon, my guess is short. Monthly chart looks like it is heading to 23.6% fibbo at 1.4990.

Limit orders set for a break either way.
  • #9,384
  • May 16, 2008 12:58am May 16, 2008 12:58am
I told you guys its long, theres some stupid analysts out there ive seen reporting a bearish triangle haha. It still hasn't played out for them yet.


o yeah


SCG,UBS,RBS and CS and others not reporting bought up approx 5yd long euro but the buying ceased (RTRS)
"Diversification is an excuse for a lack of talent" ~FXC
  • #9,385
  • May 16, 2008 12:58am May 16, 2008 12:58am
Pull up the 4hr and plonk the 200ema on it.

Notice how it's acted as resistance on numerous occasions recently.

Let's see it it'll get broken today or whether it still holds price down.

WSS TEB Method is all about trading the 200 ema on 3 time frames

Rob
  • #9,386
  • May 16, 2008 1:04am May 16, 2008 1:04am
Whichever way the eur/usd goes I have it trapped with an oco my targets are 1.4784 to the downside and 1.6096 to the upside.
"Diversification is an excuse for a lack of talent" ~FXC
  • #9,387
  • May 16, 2008 1:08am May 16, 2008 1:08am
If you can, edit your fib levels take out the 23.6 replace it with 25 and take out the 76.4 and replace it with 75 delete the 50 centerline it's worthless. Those 2 numbers the 23.6 and 76.4 are old inaccurate numbers for retracement levels. Try it you'll have a nre view on fib analysis.
"Diversification is an excuse for a lack of talent" ~FXC
  • #9,388
  • May 16, 2008 1:25am May 16, 2008 1:25am
Quoting FXCapitalist
I told you guys its long, theres some stupid analysts out there ive seen reporting a bearish triangle haha. It still hasn't played out for them yet.


o yeah


SCG,UBS,RBS and CS and others not reporting bought up approx 5yd long euro but the buying ceased (RTRS)
  • #9,389
  • May 16, 2008 1:34am May 16, 2008 1:34am
5540 is about the upper triangle border line, probably a good idea to short from there. Long for a break up seems to remain reasonable only above 56, and looks like it'll take a few more days - maybe mid next week..
On the path to Enrichment.
  • #9,390
  • May 16, 2008 2:00am May 16, 2008 2:00am
Diamond bottom, atleast a majority formation of one.
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"Diversification is an excuse for a lack of talent" ~FXC
  • #9,391
  • May 16, 2008 2:03am May 16, 2008 2:03am
Upsidedown/Reverse head and shoulders (i tried to make the ellipses look like mickey i know, no pun intended but it's a mickey mouse job of analysis) lol it works
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"Diversification is an excuse for a lack of talent" ~FXC
  • #9,392
  • May 16, 2008 2:11am May 16, 2008 2:11am
Fibonacci Reverse Retrace Trap channel with possible upside break + price targets. one of my best works indeed analyze it. the break up is inevitable. Low probability of failure, so help the cause and go long. I'll update if theres some funky institutional and central bank moves that can alter the course of the pair.



cheers, enjoy
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"Diversification is an excuse for a lack of talent" ~FXC
  • #9,393
  • May 16, 2008 2:20am May 16, 2008 2:20am
The euro is running fulfilling my prediction. help it out guys. and it's still rising. a break above 1.5517-20 get in on your own will. I know I will be.
"Diversification is an excuse for a lack of talent" ~FXC
  • #9,394
  • May 16, 2008 2:36am May 16, 2008 2:36am
Quoting FXCapitalist
The euro is running fulfilling my prediction. help it out guys. and it's still rising. a break above 1.5517-20 get in on your own will. I know I will be.
FXCap,

Three nice pieces on analysis. Thanks for sharing. Numerous signs of the bull move and others also.

Let's see if it has enough end-of-week steam to actually do something worth talking about at the pub tonight.

Would be good to see any data that you have access to that spells out any sudden movement. Like DB buys EUR 10 Billion

Rob
  • #9,395
  • May 16, 2008 2:45am May 16, 2008 2:45am
I rather go short as I believe the USD will crush other currencies today.
  • #9,396
  • May 16, 2008 2:45am May 16, 2008 2:45am
10 YD long euro hah that's a tall order for 1 firm possible with 5 or 10 but we'll see, usually thats on FOMC meetings you see the volatility and volume spike because of them. But on a friday dont count on it. They're probably more concerned about getting their weekends started. No stories for you tonight kid.




but.....


BNP Buys 450,000,000 EUR/JPY 161.85~
----Buys 300,500,000 CAD/JPY 104.50~

slightly behind on that but it dont matter it dont apply to EUR/USD
"Diversification is an excuse for a lack of talent" ~FXC
  • #9,397
  • May 16, 2008 2:47am May 16, 2008 2:47am
Quoting uncleforex
I rather go short as I believe the USD will crush other currencies today.
Your basis on? opinion?

maybe possibly short term for a few hours due to europe closing today @ about 9, yeah the weak dollar will crush everything when volume dies and all the other markets are going to sleep for the weekend.
"Diversification is an excuse for a lack of talent" ~FXC
  • #9,398
  • May 16, 2008 2:51am May 16, 2008 2:51am
That you dont see the Regular Bullish Divergence. That's a leading indicator if anything. Just wait and see.
"Diversification is an excuse for a lack of talent" ~FXC
  • #9,399
  • May 16, 2008 2:53am May 16, 2008 2:53am
Quoting FXCapitalist
Your basis on? opinion?

maybe possibly short term for a few hours due to europe closing today @ about 9, yeah the weak dollar will crush everything when volume dies and all the other markets are going to sleep for the weekend.
I trade naked....and I believe myself. I dun let the noise of the market influence me.

Generally I think it is building up for a drop. When I wont know.
  • #9,400
  • May 16, 2008 2:54am May 16, 2008 2:54am
Quoting FXCapitalist
That you dont see the Regular Bullish Divergence. That's a leading indicator if anything. Just wait and see.
Divergence kills.

Simple as that.
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