EURUSD | Page 2853 | 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

  • #57,041
  • Jan 17, 2009 3:19pm Jan 17, 2009 3:19pm
Hello
Just have one Query not sure about it
Does the US presidential inauguration next days could effect on USD?
I closed my long position because it
Since Thursday i was long eur/aud/jpy/cad -sell $$
  • #57,042
  • Jan 17, 2009 3:22pm Jan 17, 2009 3:22pm
Quoting egkid
Hello
Just have one Query not sure about it
Does the US presidential inauguration next days could effect on USD?
I closed my long position because it
Since Thursday i was long eur/aud/jpy/cad -sell $$
Yes it could.

Everybody will be in love with the USD again. That could last a day, that could last 100 days. Who knows! When the so called "honeymoon" period is over, regular programming will resume.
Not all sins are created equal
  • #57,043
  • Jan 17, 2009 5:56pm Jan 17, 2009 5:56pm
Quoting leobr
Cycle This system costs at least U.S. $ 2.000.00 with update!
Hello spammer

A system that cost $2000? So what?

My non-system cost me sweet f@#k all and works. Is yours?
Not all sins are created equal
  • #57,044
  • Jan 17, 2009 6:25pm Jan 17, 2009 6:25pm
Quoting Jay Walker
Hello spammer

A system that cost $2000? So what?

My non-system cost me sweet f@#k all and works. Is yours?
Hellooooooo Jay!!!!! Happy pips
Perception is not reality; truth is reality.
Ones inability to perceive the truth does not change reality.
Price is the only truth
  • #57,045
  • Jan 17, 2009 6:26pm Jan 17, 2009 6:26pm
well ididnot do stop losse but what do u think is that posible not go up anymore or it will go sell next week wich target will be the support and resistance next week ????????????
  • #57,046
  • Jan 17, 2009 8:32pm Jan 17, 2009 8:32pm
Quoting Elghoz
what u mean b trade the reasction not the move
not the nnnnnnews.

The news itself is not important, the reaction to the news is.
  • #57,047
  • Jan 17, 2009 9:20pm Jan 17, 2009 9:20pm
Quoting "expert"
Usualy i trade in difrent system but when i count wavwes i see this.every action has corection which is made of 123 waves and every action is made of ABCDE waves.Maybe somebody calls that 12345+ABC pattern i was learned from mentors it is called ABCED+123 pattern.It does'n metter.It is the same action.So if we made action and done with that for now pick a fib level.When we break 23 fib that is confermed for me that the corectiopn is in progres.
So your mentor is right and everyone else is wrong when we label a 5 wave impulse 1-5 and a 3 wave correction A-C? I don't think so. You can label waves how you like unless of course you want everyone else to understand what you are talking about.

BTW your daily chart shows a A wave and then BCDE all contained by the A wave. Not even close on that one.

This is how I see it, like anyone I can be wrong also. Wave A down from alltime high. Wave B correction up. Wave a of Wave C completed (maybe?) then wave b and c to complete larger Wave C to complete correction off the alltime highs. Then who knows maybe new bull market.
Attached Image (click to enlarge)
Click to Enlarge Name: EUdaily.gif Size: 55 KB
  • #57,048
  • Jan 18, 2009 4:44am Jan 18, 2009 4:44am
Suntrader

Your analysis would undermine the validity of the bull flag and the strong resistance built over 2 month period at 1.3026 and the inverse H & S, both of which are still in play.

I don't follow Elliot Wave theory but here is another analysis which would confirm my analysis of current situation.


There is very little change to the EURUSD analysis. The pair is in a large correction of the entire drop from 1.6040. Specifically, the decline from above 1.47 is wave b in what is either a triangle or flat that began at 1.2327. Support is strong at the current juncture, which is the confluence of the November 25th high / top side of former trendline resistance. A wave b low may be in place at 1.3073. If so, then wave c of B is underway towards 1.40 (if a triangle) or above 1.4723 (if a flat).
  • #57,049
  • Jan 18, 2009 4:53am Jan 18, 2009 4:53am
yes.. tamster, i agreed with you.
  • #57,050
  • Jan 18, 2009 5:53am Jan 18, 2009 5:53am
This is what I think is going to happen with EURUSD next week.

Profitable trading to all.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdanalysis18jan09.jpg Size: 51 KB
  • #57,051
  • Jan 18, 2009 9:14am Jan 18, 2009 9:14am
Quoting SunTrader
So your mentor is right and everyone else is wrong when we label a 5 wave impulse 1-5 and a 3 wave correction A-C? I don't think so. You can label waves how you like unless of course you want everyone else to understand what you are talking about.

BTW your daily chart shows a A wave and then BCDE all contained by the A wave. Not even close on that one.

This is how I see it, like anyone I can be wrong also. Wave A down from alltime high. Wave B correction up. Wave a of Wave C completed (maybe?) then wave b and c to complete larger Wave C...
You missed whole point man.I said in that post "IT DOESN'T METTER".i dint mean to say it has to be called that way,it is no metter if you call it other way.I mean it is important and it is possible you are wright and if all of you say it that way it is thzen most likly.I was writing that to make sure you got my idea wright.The point of taht text is that i think we could be in corection now,and not that it caled 123345+abc or other way arround.
And i agree with you , as anybody else i can be wrong too.We cant win all the time.See ya guys later and have a nice pips.
  • #57,052
  • Jan 18, 2009 9:25am Jan 18, 2009 9:25am
Quoting tamster
Suntrader

Your analysis would undermine the validity of the bull flag and the strong resistance built over 2 month period at 1.3026 and the inverse H & S, both of which are still in play.

I don't follow Elliot Wave theory but here is another analysis which would confirm my analysis of current situation.


[color=black][font=Times New Roman]There...
Tamster i look on chart and see what you mean.Nice thinking.will see
  • #57,053
  • Jan 18, 2009 9:45am Jan 18, 2009 9:45am
EURUSD will go SHORT.
  • #57,054
  • Jan 18, 2009 11:08am Jan 18, 2009 11:08am
Quoting tamster
Suntrader

Your analysis would undermine the validity of the bull flag and the strong resistance built over 2 month period at 1.3026 and the inverse H & S, both of which are still in play.

I don't follow Elliot Wave theory but here is another analysis which would confirm my analysis of current situation.


[color=black][font=Times New Roman]There is very little change to the EURUSD analysis. The pair is in a large correction of the entire drop from 1.6040. Specifically, the decline from above 1.47 is wave b in what is either a...
Well I don't know who said that (why don't people ever mention the source??) but I agree with the part in bold and none of the rest. As far as H&S patterns it seems they are everywhere you look therefore I don't :nerd:for them.

BTW I am not trying to be sarcastic but when a market is moving down it is called support. Resistance is when a market can't move higher. You do realize the difference? We need to all use the same terms in the same way.
  • #57,055
  • Jan 18, 2009 11:57am Jan 18, 2009 11:57am
I'll check all three higher time frames:

  1. At MN there is still bullish engulfing pattern created above important Fib level,
  2. At W1 there is a chance for H&S pattern in long term,
  3. At D1 there is Harmonic Pattern which looks like bullish Bat and also bullish candlestick pattern...

Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU_MN.PNG Size: 26 KB
Click to Enlarge Name: EU_W1.PNG Size: 25 KB
Click to Enlarge Name: EU_D1.PNG Size: 33 KB
  • #57,056
  • Jan 18, 2009 11:57am Jan 18, 2009 11:57am
Suntrader
Yes you are correct - I should have called 1.3026 support now. I was thinking from below!!

H & S patterns are common but they are strongest and most reliable when they occur at the beginning or end of a trend.

There is a H & S pattern on both the daily and monthly. It would appear on monthly chart that the pullback has just been testing support on the H & S breakout. On daily, the trendline from bull flag has been tested and hopefully EUR will now go up to test neckline of H & S and break.

Looking at monthly H & S, the breakout should take EUR to 1.900 over time.

Not suggesting this will go there for sometime but, at present, this is what I am seeing in the charts and, OF COURSE, I could be wrong.

Technical analysis isn't a crystal ball (unfortunately), so ultimately we can only trade what the charts reveal. Fundamentally, however, I believe the dollar can only depreciate.
  • #57,057
  • Jan 18, 2009 12:11pm Jan 18, 2009 12:11pm
I'm long for 2 reason
1-my daily signal say so and 4H also.
2-USD index under 38.20 in my chart as i mention in my previous post Thursday close under it and i was right on Friday while most say bearish i was bullish with EUR/AUD/JPY.
Soon will know if I'm Right or Right or ...wrong
  • #57,058
  • Jan 18, 2009 12:25pm Jan 18, 2009 12:25pm
Something is developing, my 4h and D1 charts are close to strong resistance, monthly and weekly are pointing down, already broke their support. Will wait to get clearer picture.
  • #57,059
  • Jan 18, 2009 1:45pm Jan 18, 2009 1:45pm
go Short:
there are too many strong resistence in that area,
the trendline is also down.
  • #57,060
  • Jan 18, 2009 2:08pm Jan 18, 2009 2:08pm
Quoting conti
go Short:
there are too many strong resistence in that area,
the trendline is also down.
there is very strong support on 1.3034, and the downtrend is loosing its weight
3,140 traders viewing now