EURUSD | Page 839 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #16,761
  • Jul 29, 2008 2:59pm Jul 29, 2008 2:59pm
On the one hand its at the bottom of the uptrend channel and oversold on higher tfs, on the other hand 1.538 has been the major resistance coming down from the highs before going up again.

At the moment the daily looks like its going to close inside the channel, oil is at strong resistance, as is gold. Anyone else think we're going back up?
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 2.png Size: 32 KB
Money & Pain Respect the market, protect your capital, be patient
  • #16,762
  • Jul 29, 2008 4:22pm Jul 29, 2008 4:22pm
Quoting BoredToLoose
Still out of forex!

Remember me!!

Beware longs, favour only when at 1.5549!
But If I was you guys will not buy any large lot for big long profit!
Longs only for 100 pips maximum!

1.50 is around the corner!

My levels to go long.
1.5549
1.5470
1.5286

I am still out of forex!

That's all folks!
Hey man, you knew exactly the level 1.5549 will be reached.
Congrats !!!
  • #16,763
  • Jul 29, 2008 4:54pm Jul 29, 2008 4:54pm
This is interesting site which does daily chart analysis on the major currencies and comments on Oil/Euro.

http://www.thelfb-forex.com/content.aspx?id=14158
  • #16,764
  • Jul 29, 2008 9:01pm Jul 29, 2008 9:01pm
hi all..
I,m newbies here..
  • #16,765
  • Jul 29, 2008 9:15pm Jul 29, 2008 9:15pm
Quoting tamster
This is interesting site which does daily chart analysis on the major currencies and comments on Oil/Euro.

http://www.thelfb-forex.com/content.aspx?id=14158
thks,..
i like those EW count,..especially on oil

so, what do you think?...are we in scenario 2? looking for unfinish wave 3?
  • #16,766
  • Edited 10:55pm Jul 29, 2008 10:40pm | Edited 10:55pm
Given the strong downward move with the dollar strengthening across the board, A new prevalent downtrend has formed. If you look at the h4 charts HNS neckline has been violated and a price projection from this brings you to about the 1.52XX range. Given the upcoming Euro session superceeding the US sessions rally, there is a notion a bearish bias in which the Euro can plunge further. During asian session the Euro has tried to creep back up but to no avail. If a retrace is probable at most it would hit around 1.5670~ at least 1.5631 or just drop towards the lower line of my downward channel and retrace later on. Fib analysis shows a possible resistance level at 1.5655 in which shorts might surely take over. Fib Timezones show currently that retrace hasn't happened in zone 2, possibly zone 3 can be the one if not zone 3 can be the dive.

RSI analyses.

Downward LT[DD-'] channel has formed and inner channels stepping channeling upwards provide the (DD+) temporarily in which channels can be drawn out in the inner trend to find down breaks and possible positions. The [DD-'] engulfs the 60/20 range and we are definitely in bear territory A violation to the upside warrants a break up of 1.5655 pivot + 40 RSI level + 50 RSI level then ultimately the downward channel [DD-'] and the 60 RSI level. From there you can possibly consider longs however a move like that is unlikely.

See you Europe session. cheers.


-gratiae
Attached Image (click to enlarge)
Click to Enlarge Name: newprevalentdowntrend.gif Size: 32 KB
"Diversification is an excuse for a lack of talent" ~FXC
  • #16,767
  • Jul 29, 2008 11:12pm Jul 29, 2008 11:12pm
Quoting norrismp
I think we are going back up. Here's an analysis:

"EUR/USD is bouncing off strong weekly/daily support and just crossing above 30 on the 60M RSI, creating a convincing buy signal. Looking for 300 pips ."

Source: PipHut.com
http://piphut.com/2008/07/technical-...eekly-support/

Mean these pair will goin up until level 1.5815..rite?
  • #16,768
  • Jul 29, 2008 11:21pm Jul 29, 2008 11:21pm
Quoting fatguy
Mean these pair will goin up until level 1.5815..rite?
I seriously doubt the pair will go up that far. A bit of retracement from yesterday's fall, yes. But it will be limited. The fall will resume.
Expected the unexpected
  • #16,769
  • Jul 29, 2008 11:31pm Jul 29, 2008 11:31pm
Quoting scyang
I seriously doubt the pair will go up that far. A bit of retracement from yesterday's fall, yes. But it will be limited. The fall will resume.
Oh..thanks scyang..
Can you advise retracement level after pair will go up?

Thanks..
  • #16,770
  • Jul 29, 2008 11:35pm Jul 29, 2008 11:35pm
Quoting fatguy
Oh..thanks scyang..
Can you advise retracement level after pair will go up?

Thanks..
If the pair can get to and break 1.5610 level and stay there, then it might try 1.5635. I expect that to be the highest it will go before crashing downward again. Please note that is for the immediate future, i.e. the next couple of days.
Expected the unexpected
  • #16,771
  • Jul 29, 2008 11:51pm Jul 29, 2008 11:51pm
RSI angle is pretty steep so that kind of upward momentum wont last long. basic law of gravity, applicable to anything in existance.
"Diversification is an excuse for a lack of talent" ~FXC
  • #16,772
  • Jul 30, 2008 12:10am Jul 30, 2008 12:10am
Quoting FXCapitalist
Given the strong downward move with the dollar strengthening across the board, A new prevalent downtrend has formed. If you look at the h4 charts HNS neckline has been violated and a price projection from this brings you to about the 1.52XX range. Given the upcoming Euro session superceeding the US sessions rally, there is a notion a bearish bias in which the Euro can plunge further. During asian session the Euro has tried to creep back up but to no avail. If a retrace is probable at most it would hit around 1.5670~ at least 1.5631 or just drop towards the lower line of my downward channel and retrace later on. Fib analysis shows a possible resistance level at 1.5655 in which shorts might surely take over. Fib Timezones show currently that retrace hasn't happened in zone 2, possibly zone 3 can be the one if not zone 3 can be the dive.

RSI analyses.

Downward LT[DD-'] channel has formed and inner channels stepping channeling upwards provide the (DD+) temporarily in which channels can be drawn out in the inner trend to find down breaks and possible positions. The [DD-'] engulfs the 60/20 range and we are definitely in bear territory A violation to the upside warrants a break up of 1.5655 pivot + 40 RSI level + 50 RSI level then ultimately the downward channel [DD-'] and the 60 RSI level. From there you can possibly consider longs however a move like that is unlikely.

See you Europe session. cheers.


-gratiae
Interesting description of fib ratios and rsi channel analysis.
  • #16,773
  • Jul 30, 2008 12:19am Jul 30, 2008 12:19am
Quoting FXCapitalist
RSI angle is pretty steep so that kind of upward momentum wont last long. basic law of gravity, applicable to anything in existance.
ok..thanks bro..
  • #16,774
  • Jul 30, 2008 12:26am Jul 30, 2008 12:26am
its going up or down. Blank your mind and give it some time. Then make up your mind based on your trading system signals.

Trend is down but it could be supported here. I'm only gonna short rallies.

Up moves may get sold quickly and can stop you out b4 you can blink.

Keep risk low (2%) per trade. This way its easier to let winners run and also helps you honor your SL. GL
  • #16,775
  • Jul 30, 2008 12:42am Jul 30, 2008 12:42am
If you took a quarter and flipped it 200 times you would probably probably see Heads 50% and Tails 50%......

If you opened 200 ramdom trades without looking at price and closed them 1 hour later every time you would prob Win 50% and loose 50% (i've never tried this)

If you would take the same idea as above and randomly open trades 1 at a time with 2% (1% long and 1% short) risk and with SL 30 and TP 90 on every trade.....In the long run it would make perfect mathamatical sense for you to come out ahead. CAn you see y?
  • #16,776
  • Jul 30, 2008 12:48am Jul 30, 2008 12:48am
i see a bottom on oil 120.33 anyone share the same view ?
  • #16,777
  • Jul 30, 2008 12:49am Jul 30, 2008 12:49am
yo ! Guys...make sure you don't enter a trade at closing hour.Because Spread will be higher at the closing hour.

just a thought ,wanted to share with you all.

peace.
Fools Rushing
  • #16,778
  • Jul 30, 2008 12:49am Jul 30, 2008 12:49am
Maybe i'll try this today lol.....with trailing stop.
  • #16,779
  • Jul 30, 2008 12:59am Jul 30, 2008 12:59am
The EURexpress is leaving. next stop 1.54XX


gratia
Attached Image (click to enlarge)
Click to Enlarge Name: newprevalentdowntrend1.gif Size: 32 KB
"Diversification is an excuse for a lack of talent" ~FXC
  • #16,780
  • Jul 30, 2008 1:05am Jul 30, 2008 1:05am
Maybe up a bit?
Attached Image (click to enlarge)
Click to Enlarge Name: knife.JPG Size: 158 KB
204 traders viewing now