EURUSD | Page 3568 | 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

  • #71,341
  • Edited 11:07pm Mar 4, 2009 10:52pm | Edited 11:07pm
Quoting vulture
I see a H&S pattern with the neckline @ daily pivot.. clearly visible on a 15min chart.
can you post this please...for visual people like me who dont use indicators (no idea what daily pivot is) i would love to see your interpretation of this h&s


Edit: i meant a chart..oops...someone had a little too much wine tonight
Different opinions highly valued, ignorant to slander.
  • #71,342
  • Mar 4, 2009 10:55pm Mar 4, 2009 10:55pm
This is something that I don't do lots

A scalp

http://i44.tinypic.com/330yazm.gif

My short order will be hit if the psar trend turns at 2594.

I'm really more of a believer of going long, particularly if the upswing continues on the daily chart. But that's another setup, another entry and another story altogether.
Not all sins are created equal
  • #71,343
  • Mar 4, 2009 10:57pm Mar 4, 2009 10:57pm
Quoting gatorinla
one more time.. just a test..
i kinda thought this earlier..still didnt play out and might not..
those who can, do. those who cant, talk about those who can
  • #71,344
  • Mar 4, 2009 11:03pm Mar 4, 2009 11:03pm
heres what i thought earlier.. equity markets probably gonna stop it..once china news sinks in things may resume..
Attached Image (click to enlarge)
Click to Enlarge Name: ua 3-4-09.jpg Size: 227 KB
those who can, do. those who cant, talk about those who can
  • #71,345
  • Mar 4, 2009 11:04pm Mar 4, 2009 11:04pm
Quoting Jay Walker
I'm really more of a believer of going long, particularly if the upswing continues on the daily chart. But that's another setup, another entry and another story altogether.
as im sure you are aware..the ecb rate cut decision and the speech after is roughly in....7 hours from now. whats your take on how that will move the markets and why?
Different opinions highly valued, ignorant to slander.
  • #71,346
  • Mar 4, 2009 11:04pm Mar 4, 2009 11:04pm
Quoting psiholog
From what I've observed since i started trading the asians dont love to either buy or sell the dollar on any particular day. What I have noticed instead is if we have a bull day...the asian will bring a relative small bear run...if we had a bear run..they will bring a relative small bull run. Consolidations in the pre us session close determined ranging areas. Just my 2cents...acumen did a study on this last year if hes willing to talk....he saw pretty much the same thing
I know a few and they love pivots. Buy on an up day and sell on a down day.
  • #71,347
  • Mar 4, 2009 11:05pm Mar 4, 2009 11:05pm
Dove_Alliance I'm sure would agree with me here.
  • #71,348
  • Mar 4, 2009 11:08pm Mar 4, 2009 11:08pm
Quoting Jay Walker
This is something that I don't do lots

A scalp

http://i44.tinypic.com/330yazm.gif

My short order will be hit if the psar trend turns at 2594.

I'm really more of a believer of going long, particularly if the upswing continues on the daily chart. But that's another setup, another entry and another story altogether.
me either.. but sometimes you cant help it..
those who can, do. those who cant, talk about those who can
  • #71,349
  • Mar 4, 2009 11:08pm Mar 4, 2009 11:08pm
Quoting psiholog
as im sure you are aware..the ecb rate cut decision and the speech after is roughly in....7 hours from now. whats your take on how that will move the markets and why?
Many have been yelling for a while now about how the ECB wasn't cutting their rate. At one point it got so bad it reminded me of Jim Cramer's "he's got no idea" rant.

I think it will be rocky while people are reacting to the news and afterwards an uptrend will very slowly resume. But that won't be this week.

and yes, I could be way off!
Not all sins are created equal
  • #71,350
  • Mar 4, 2009 11:08pm Mar 4, 2009 11:08pm
Personally, I can only see this going short at the moment from this current retracement. It tested the coral line several times, but can't seem to get past it.

Saying that, the bears haven't showed up either. I'm in a short position right now, so my opinion is probably biased.

But more factors are pointing towards a bear run, rather than a bull run in the short term.

I think it will probably test the daily pivot again.
Attached Image (click to enlarge)
Click to Enlarge Name: 5.jpg Size: 70 KB
  • #71,351
  • Mar 4, 2009 11:09pm Mar 4, 2009 11:09pm
Quoting Katalyst
Personally, I can only see this going short at the moment from this current retracement. It tested the coral line several times, but can't seem to get past it.

Saying that, the bears haven't showed up either. I'm in a short position right now, so my opinion is probably biased.

But more factors are pointing towards a bear run, rather than a bull run in the short term.

I think it will probably test the daily pivot again.
You are looking at a bull flag
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #71,352
  • Mar 4, 2009 11:09pm Mar 4, 2009 11:09pm
Quoting gatorinla
me either.. but sometimes you cant help it..
Oh I can. It's as easy as *not* clicking the mouse.

But it's wednesday night and on wednesday nights, I kick some ass and get pips...and I'm all out of ass.
Not all sins are created equal
  • #71,353
  • Mar 4, 2009 11:15pm Mar 4, 2009 11:15pm
Quoting djambazov84
You are looking at a bull flag
as i deal with bear/bull flags all the time...i have to give my take on this. a flag in general does not break the most recent resistance/support level. in this particular case...we have pushed below what should have been strong support once broken at 1.2625. in other words...i see this more of as a bear flag if you consider pa only from the current high at 1.2665 or so to current low with that 1.2625 level acting as resistance. its all a matter of interpretation really.
Different opinions highly valued, ignorant to slander.
  • #71,354
  • Mar 4, 2009 11:15pm Mar 4, 2009 11:15pm
Damn it! My setup isn't happening.

Short entry revised to 2597
Not all sins are created equal
  • #71,355
  • Mar 4, 2009 11:15pm Mar 4, 2009 11:15pm
as me signature says im not out of it..
those who can, do. those who cant, talk about those who can
  • #71,356
  • Mar 4, 2009 11:16pm Mar 4, 2009 11:16pm
i'm short from 2657 n waiting to 23xx due to ecb rate cut... wait n see
  • #71,357
  • Mar 4, 2009 11:19pm Mar 4, 2009 11:19pm
Quoting psiholog
as i deal with bear/bull flags all the time...i have to give my take on this. a flag in general does not break the most recent resistance/support level. in this particular case...we have pushed below what should have been strong support once broken at 1.2625. in other words...i see this more of as a bear flag if you consider pa only from the current high at 1.2665 or so to current low with that 1.2625 level acting as resistance. its all a matter of interpretation really.
I agree. This could give us a potential target at 1.2545-50. That happens to lie between the .50 and .618 retracement of the most recent up move.
The only thing that was interesting was that the down move today so far ended on the daily pivot forming a textbook W on the 5 min chart
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #71,358
  • Mar 4, 2009 11:20pm Mar 4, 2009 11:20pm
: This Friday's news releases are expected to deliver more bad news.
...
...- Experts and analysts are predicting a loss of 500,000 to 800,000 jobs
...
...- The average work week is expected to decline slightly to 33.2 hours
...
...- The unemployment rate is expected to rise to 7.9%, from 7.6%
  • #71,359
  • Mar 4, 2009 11:24pm Mar 4, 2009 11:24pm
Quoting psiholog
can you post this please...for visual people like me who dont use indicators (no idea what daily pivot is) i would love to see your interpretation of this h&s


Edit: i meant a chart..oops...someone had a little too much wine tonight
Dont know what is a daily pivot? lol
Attached Image (click to enlarge)
Click to Enlarge Name: weekend.gif Size: 21 KB
"Simplicity is the ultimate sophistication" leonardo da vinci
  • #71,360
  • Mar 4, 2009 11:24pm Mar 4, 2009 11:24pm
[GBP/USD] started the session near its intraday high around the 1.4200 before sliding to an intraday low around the 1.4135 level as risk aversion spooked the market after market players realized that there is no actual additional additinal stimulus from China, only a reaffirmation of the 8% growth target by utilizing the resources effectively and efficiently to achieve the desired target. A European name and an Asian name were notable sellers with private clients nibbling near the lows. The pair will likely trade in a range ahead of the BOE decision at 12.00 GMT. 04:30 GMT - [FOCUS COMMENT] Whilst there is no doubt material differences exist between NZ and Aust as far as economic momentum and stimulus is concerned; this week's pause by RBA has left the market second guessing the size of RBNZ's cut.

Economists see Japan's Y4.8 trillion second [SUPPLEMENTARY BUDGET] would be able to raise GDP growth by only 0.2-0.3% or Y1-2 trillion, which is far below the size to fill the Y20 trillion GDP gap. The cabinet office sees the Y2 trillion cash benefits can raise GDP by 0.15%, or 40% of the benefits would be used for consumption, but economists see only about 20% would be used and effects would be less than 0.1% to boost GDP.
those who can, do. those who cant, talk about those who can
396 traders viewing now, 2 are registered:
F.g
,
Abeesh107844