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EURUSD

  • #57,101
  • Edited Jan 19, 2009 1:11am Jan 18, 2009 8:00pm | Edited Jan 19, 2009 1:11am
The Ecb cut left the euro with flat trend for the week , so everything is in the hands of the economical data, which cant be good for either of the pair. i dont see any reason for a euro sell off for the moment, while usd is overbought on almost all the pairs. if the consolidation of the pair is to happen in the 1,30 -1,33 level that leaves the pair in a bullish configuration considering the 1,23 level when it came from and the yearly trend seems defined.

this week
http://www.forexfactory.com/attachme...6&d=1232089317

forecast, weekly range 1.339 - 1.2960
  • #57,102
  • Jan 18, 2009 8:35pm Jan 18, 2009 8:35pm
This pair sure is dead even for a Sunday / Monday trading session. I didn't know the Japanese were such big fans of the NFL?
"The markets are the greatest chess match ever played."
  • #57,103
  • Jan 18, 2009 9:10pm Jan 18, 2009 9:10pm
Quoting fx_lane
Hi

I wish I could give it up for free. If you like be my guest. feel free to pm me
Is it back test or forward test?
  • #57,104
  • Jan 18, 2009 9:14pm Jan 18, 2009 9:14pm
Two scenarios within weekly channel 1.4800 or 1.2500.
I still favor longs above 1.3200 as a break of 1.35 would trigger more buyers.
Attached Image
  • #57,105
  • Jan 18, 2009 9:22pm Jan 18, 2009 9:22pm
Not much news in the upcoming week. E/U will probably experience major highs & manic lows. At its current steady pace, e/u may hit 1.349x(ish). IF it breaks 1.349x(ish), I see it continuing upwards to maybe 1.4000.

Of course this is my own personal opinion of this upcoming week's P/A
  • #57,106
  • Edited 9:48pm Jan 18, 2009 9:37pm | Edited 9:48pm
Quoting MackS10
Two scenarios within weekly channel 1.4800 or 1.2500.
I still favor longs above 1.3200 as a break of 1.35 would trigger more buyers.
Let's say, I would enjoy every pips movements towards 1.35.
If more buyers,triggers on the break of 1.35 level, I take it as a big fat bonus.
I'm lov'in it!

p/s Remember:The start of bull trend is in the Thick of bear trend.
Here, this part, no chart can tell you, only mother nature
of experience can,The one that separate you and the crowd.
  • #57,107
  • Jan 18, 2009 10:01pm Jan 18, 2009 10:01pm
Quoting Elghoz
iam new trader i just want to ask u what u mean that
there are too many strong resistence in that area
how i can know by myself that there is to many strong
Check those threads out:
http://www.forexfactory.com/showthread.php?t=86429 ( All what you need to know about S&R and how to trade them)

http://www.forexfactory.com/showthread.php?t=98028 ( All what you need to know about how to trade pivot point, check out also acumen's educational video)
And then, here is an an auto pivot point indicator

Enjoy
Attached File(s)
File Type: zip AutoPivotIndicator.zip   13 KB | 346 downloads
"Simplicity is the ultimate sophistication" leonardo da vinci
  • #57,108
  • Jan 18, 2009 10:08pm Jan 18, 2009 10:08pm

From my point of view we have the following situation ...


AUDUSD from 0.6747 SHORT (on daily basis)
if I am right, we are designing the upper shadow.


USDCAD LONG from 1.2528 (on a daily)
we are drawing the lower shadow.


EURUSD from 1.3320 SHORT


EDIT: my personal entry AUSUSD short 1/2 0,6825 and 1/2 0,6850
USDCAD long 1,2396
EURUSD shor 1,3360

The best thing that can happen to you is to find out where you're wrong.
  • #57,109
  • Jan 18, 2009 11:12pm Jan 18, 2009 11:12pm
Quoting Driver55

From my point of view we have the following situation ...



AUDUSD from 0.6747 SHORT (on daily basis)
if I am right, we are designing the upper shadow.


USDCAD LONG from 1.2528 (on a daily)
we are drawing the lower shadow.


EURUSD from 1.3320 SHORT


EDIT: my personal entry AUSUSD short 1/2 0,6825 and 1/2 0,6850
USDCAD long 1,2396

EURUSD shor 1,3360

i think your right.. i think oil will fall further. and the rest will follow as you stated. now i just have to get the timing in line.. and hope no crazy out there starts a squirmish to raise oil.. right now may be the perfect timing for a short.. but i aint jumping in without confirmation..
those who can, do. those who cant, talk about those who can
  • #57,110
  • Jan 18, 2009 11:17pm Jan 18, 2009 11:17pm
The gator is on the loose.
  • #57,111
  • Jan 18, 2009 11:21pm Jan 18, 2009 11:21pm
Quoting SunTrader
The gator is on the loose.
yeah all mellowed out..had to start a new club.. Russian Arabian Group Helping Energise Americas Demise... what you think? wanna join?
those who can, do. those who cant, talk about those who can
  • #57,112
  • Jan 18, 2009 11:24pm Jan 18, 2009 11:24pm
did ok riding eu up in my trade friday hiy my tp made 75 pips and on gu 225.. closed both when trend broke down..
those who can, do. those who cant, talk about those who can
  • #57,113
  • Jan 18, 2009 11:46pm Jan 18, 2009 11:46pm
eu below 4h 3346 pp so is the gu test 4hr pp now.. if gu 4836 breaks down with strength im a bear.. unless it stalls.. or breaks 5 mn chart against my short..still not in yet though.. might be best to wait for eur session..
those who can, do. those who cant, talk about those who can
  • #57,114
  • Jan 19, 2009 1:11am Jan 19, 2009 1:11am
News:

EUR/USD (1.3359)
European & US sessions forecast levels: 1.3210/1.3455
Trend Sessions: European: Neutral/Upward
US: Neutral/Downward
Market Focus:
Daily Strategy: The US markets are in holiday today due too Martin Luther King Jr Day. The dollar is selling by the traders at the start of the new business week. The sells have to stop and return the traders to buy dollars again. There are not key economic events today. The euro/dollar may rise to 1.3410/40 where will find resistance. The trading strategy is to open short positions at these levels. If the euro/dollar trading breaks above these levels reverse and open long positions.
  • #57,115
  • Jan 19, 2009 1:21am Jan 19, 2009 1:21am
Quoting roziex
[size=4]News:

EUR/USD (1.3359)
European & US sessions forecast levels: 1.3210/1.3455
Trend Sessions: European: Neutral/Upward
US: Neutral/Downward
Market Focus:
Daily Strategy: The US markets are in holiday today due too Martin Luther King Jr Day. The dollar is selling by the traders at the start of the new business week. The sells have to stop and return the traders to buy dollars again. There are not key economic events today. The euro/dollar may rise to 1.3410/40 where will find resistance. The trading strategy is to open short positions...
Thanks!
I think that EUR/USD has a bigger chance of going down than up...
  • #57,116
  • Jan 19, 2009 1:35am Jan 19, 2009 1:35am
Quoting arthurb
The Ecb cut left the euro with flat trend for the week , so everything is in the hands of the economical data, which cant be good for either of the pair. i dont see any reason for a euro sell off for the moment
I have to say that I don't like this article at all. Now it's mostly [imho] about who releases data when, not if there are too many positive surprises.

http://www.iht.com/articles/reuters/...PE-ECONOMY.php
  • #57,117
  • Jan 19, 2009 1:48am Jan 19, 2009 1:48am
eyes on USDCHF 1,1215... it's good chance to short with small stoploss
The best thing that can happen to you is to find out where you're wrong.
  • #57,118
  • Jan 19, 2009 2:03am Jan 19, 2009 2:03am
Welcome to London session. Since today is MLK day, it is the only chance to find the trend. Looking for short only today.
Manage your risk accordingly and you're half done your home work.
  • #57,119
  • Jan 19, 2009 3:36am Jan 19, 2009 3:36am
damn missed that little drop.. had to sleep.. oil down .56.. I think economy is worse in U.S. then anyone knows.. Banks make money making loans... Banks arent loaning in my opiniun because they cant..they have to have a percentage of cash against loans made. they are mostly upside down in this percentage compared to loans.. without saying this is your dead bird in the mine... if its this bad in U.S. the world will follow since most invest in U.S. even if its just U.S. currency.. domio effect will take the world down.. U.S. first in/ first in first out.. no amount of money will change the mark to market accounting U.S. banks use without changing the rules or gov buying bank debt. just my little tiny opiniun.. dollar may strengthen as reality sets in and paulson/fed ect. quit lying to us..
those who can, do. those who cant, talk about those who can
  • #57,120
  • Jan 19, 2009 3:52am Jan 19, 2009 3:52am
Quoting gatorinla
damn missed that little drop.. had to sleep.. oil down .56.....
Welcome back
It's good to see your sunny disposition again

As for banks

The first sign of good support I see is the fib level at 1.3207ish.
How do you plan to play today?
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