EURUSD

Quoting bigandrich

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I'm not seeing it, what happened?

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Quoting cobraforex

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you can watch live cuotes on the weekends on tenfore.com, it's free.
have fun

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Quoting ak4x

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Some thoughts for the weekend going into next week...

If price stays at or below current S/R of 4300 (weekly closed at 4230) for any length of time, I would not be surprised to see 1.400 tested pretty quickly. If there is a gap open up, or next week opens with a bull move, I'm going to be very cautious about getting on that bus just yet.

It will take a solid move back above 4300 to convince me of that direction. If it manages that, then I can easily see it ranging for awhile anywhere in the upper shaded box, altho I would expect the mid point level at 79% / 1.4650 to be fairly strong, and could easily be the upper limit as well given current price momentum to the downside.

In other words, where we saw price bouncing off of and above that level in mid August on the way down, It may well bounce off of and below it on any attempts back up.

Any breaks below 1.40, (in addition to getting very interesting) could easily put us into the 600 pip range shown by the bottom shaded box, with 3600/3650 being a strong mid point for that zone. And if that zone is reached, it could wind up lasting a while.

Price ranged in zone 1 for 25 weeks, Zone 2 for 17 weeks, and Zone 3 for 20 weeks. Correlate those levels to Oil and USD economic health declines, and then the subsequent turn south with OIL and Eurozone health forecasts, and you get... So far, it's comin down a lot faster than it went up.

I'm really curious to see how price deals with what I'm callin the "no man's land between 1.40 and 1.43, shown by the green box with the "?" in it. My hunch is it won't hang out there long, but will break one way or the other fairly soon with some world class headfakes along the way.

The perma bear in me said all that to say I'm looking for ZONE 1 again sooner rather than later, and in a year or four by the end of all this, there might even be a better feel for the long term integrity of the Euro itself. That's another sleeping dog, I know.

Hopefully it goes without saying there's no such thing as a straight line to anywhere, and the noobs remember this is a WEEKLY chart in a time of tremendous volatility and reallocation of global assets.

I'll try to tweak this same chart over the weekend, with an alternative scenario going the other way for awhile first, and try to throw out some more fodder to ponder for the Sunday open and confuse us even more. Think of this one as the more apocalyptic of the two...

Serious comments from you old heads really are welcome if you think I missed something or am just a total nincompoop. You know who you are...

PS GO SARAH!!

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Quoting cobraforex

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COBRAFOREX

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Quoting Subdude

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Yeah, I was just going to ask about Tenfore - I know they stream over the weekend, but how reliable are they and where do they get the data from if there's no trading? In the past, I've seen pretty large gaps between their quotes and Sunday open... but I do sometimes find comfort in looking at them to get an idea where the market might be headed next week and to calm my nerves.

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Quoting cobraforex

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you can watch live cuotes on the weekends on tenfore.com, it's free.
have fun

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Quoting Maarten999

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[OFFTOPIC] I read in your profile that you are a hotel owner in Germany, is it something that I would remember? Because I always stay overnight in Germany on my way to austria/switzerland for skiing and summer vacation. I love the German gasthof in the mountains![/OFFTOPIC]

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Quoting cobraforex

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I found them reliable, last week was even exactly what they showed, yes sometimes it differs a little but it’s a nice tool to get the nerves down. I don’t have any idea where they get the stream from.

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Quoting cobraforex

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I'm German but live in South America since 20 years, before in FL USA. I love SA, the people are very kindly and live treated me very well here. You still can do stuff that's impossible in Germany, sometimes I feel like in paradise.

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Quoting bigandrich

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For some reason the chart is only giving data up to Sept 1 for me(it does show a couple candlesticks in the 1.42 range, but there is just a blank from 1.45 to 1.42, no updated chart w/candlestick.). It does give a updated quote on the side however.

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Quoting Subdude

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Something major may be about to happen this weekend - check this out:

http://online.wsj.com/article/SB1220..._us_whats_news

My broker streams index quotes AH (apparently based on AH activity), so even though DJIA officially closed +32, it's really now +88 (from yesterday's close)

I was dumb enough to massively short AU and UJ into the rally. On the other hand, if nothing happens over the weekend, then Asia might pull the plug again Sunday afternoon.

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Quoting SunTrader

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Dow futures actually closed up only +27. 88 must have been a mis-quote.

The more important S&P 500 futures closed up only +3.75

Nothing dramatic.

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Quoting Freddyfx

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HEEE fellow traders.

I just donated US$10 to:

www.standup2cancer.org

Let's all do something good for a SUPER important cause.

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Quoting Subdude

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The futures do not price in AH trading simply because they miss most of it, closing @ 16:15 EST. The index quote is calculated based on AH trading prices of Dow components, and thus is pretty accurate.

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Quoting SunTrader

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The futures price I quoted for the Dow is based on the 5:00pm est exchange closing price. That is the official number. I get live data, that I pay for, for all the major index futures and commodities. $350/month. Not a broker feed.

Anything that shows +88 is incorrect. If you don't believe me.

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Quote

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Go to www cbot dot com.

4:15pm est closing is for the S&P 500 and Nasdaq and only on Friday.
Monday to Thursday those markets close at 4:15pm but re-open at 4:30pm.