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EURUSD

  • #76,761
  • Mar 18, 2009 5:14am Mar 18, 2009 5:14am
just few time
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  • #76,762
  • Mar 18, 2009 5:16am Mar 18, 2009 5:16am
to not fully divert from the topic at hand heres my current analysis.

last week a bottom was set in place. since then we have moved up in waves up until 1.2930. At that level we consolidated between 1.2930 and 1.2865 followed by a break up to 1.3071. Now we are still making higher highs with higher lows for the time being with each broken resistance becoming the new support. However...at this time the resistance created at 1.3071 has not been broken either. Conclusion...the current range is 1.2991 (the high from a month ago) to 1.3071 (current high). A break of this range will determine future direction...with possible false breakouts to come. In terms of patterns..there is no patterns. In terms of indicators...your indicator is as good as mine..my gut instinct which is currently neutral.

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Different opinions highly valued, ignorant to slander.
  • #76,763
  • Mar 18, 2009 5:21am Mar 18, 2009 5:21am
Quoting Blackice
just few time
hi Blackice!

Interesting chart,what kind of BBand is this?
/ ... clarifying decisions ... /
  • #76,764
  • Mar 18, 2009 5:26am Mar 18, 2009 5:26am
thank you psiholog for your chart

i might just add a trend line there to the bottoms and if it was broken then we might go in a side way channel .

what do you think ? so far by my eye view we are above the trend and its not broken and we are heading north.
I SEE YOU !!
  • #76,765
  • Mar 18, 2009 5:33am Mar 18, 2009 5:33am
Quoting dbfusion
thank you psiholog for your chart

i might just add a trend line there to the bottoms and if it was broken then we might go in a side way channel .

what do you think ? so far by my eye view we are above the trend and its not broken and we are heading north.
not sure what trendline you are reffering to...maybe you could post a chart. as far as heading north goes....who knows...maybe once we break 1.3071 (if that even happens) i may come to the same conclusion..for now a range is all i see
Different opinions highly valued, ignorant to slander.
  • #76,766
  • Mar 18, 2009 5:39am Mar 18, 2009 5:39am
Quoting psiholog
not sure what trendline you are reffering to...maybe you could post a chart. as far as heading north goes....who knows...maybe once we break 1.3071 (if that even happens) i may come to the same conclusion..for now a range is all i see
this is my chart but excuse me because I use so many indicators and lines

its one hour chart and to me it looks a good up trend once the red trend line brakes i might start thinking neutral .
but for me now i am searching for longs.
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I SEE YOU !!
  • #76,767
  • Mar 18, 2009 5:40am Mar 18, 2009 5:40am
Had to take advantage of that up run. That was almost a given!
HAPPY TRADING TO ALL.
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  • #76,768
  • Mar 18, 2009 5:40am Mar 18, 2009 5:40am
well im off to sleep. dont want to give tonights gains back on what i think should happen. not to mention the dow (us stock market being what i thought dragged the eur/usd up all along) is -42 points yet eur/usd is about to make a new high..no correlation there. on that night...careful pippin all..the lead up to fomc statement will cause quite a bit of volatility
Different opinions highly valued, ignorant to slander.
  • #76,769
  • Mar 18, 2009 5:45am Mar 18, 2009 5:45am
Dow jones is droping after forming a double top. EU will follow it as always

I will short at 1.3063-66
  • #76,770
  • Mar 18, 2009 5:45am Mar 18, 2009 5:45am
Quoting dbfusion
this is my chart but excuse me because I use so many indicators and lines

its one hour chart and to me it looks a good up trend once the red trend line brakes i might start thinking neutral .
but for me now i am searching for longs.
chart looks good and accurate...those levels are close enough to what will lead to further price action. as far as entries go..sorry cant give you my opinion as i havent had a single buy all week and dont intend to....up to you to decide what is the best entry.

one other note... i see your session timer in the upper left corner. the new york session starts in roughly 3 hours from now...just making sure its correct.


good night/morning/afternoon all
Different opinions highly valued, ignorant to slander.
  • #76,771
  • Mar 18, 2009 5:45am Mar 18, 2009 5:45am
130.66 full long tp 132.00 s/l 130.31
  • #76,772
  • Mar 18, 2009 5:48am Mar 18, 2009 5:48am
This is another chart which shows that we are in a tough resistance area . I am on the side now
cant buy or sell.

i will wait to see what happens
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I SEE YOU !!
  • #76,773
  • Mar 18, 2009 5:50am Mar 18, 2009 5:50am
Quoting Terminale
Dow jones is droping after forming a double top. EU will follow it as always

This.
  • #76,774
  • Mar 18, 2009 5:51am Mar 18, 2009 5:51am
Quoting psiholog
chart looks good and accurate...those levels are close enough to what will lead to further price action. as far as entries go..sorry cant give you my opinion as i havent had a single buy all week and dont intend to....up to you to decide what is the best entry.

one other note... i see your session timer in the upper left corner. the new york session starts in roughly 3 hours from now...just making sure its correct.


good night/morning/afternoon all

thank you for the feed back , actually i didnt know how to change this timer I tried but failed :S


have a sweet dreams
I SEE YOU !!
  • #76,775
  • Mar 18, 2009 5:52am Mar 18, 2009 5:52am
Correct me if I'm wrong but with this latest move up on the daily time frame, I am not seeing any divergence. This should mean that price will continue to go up.

Please see the attached chart for some arrows and explanation. I'm really keen to hear what you guys think.

Mostly I'm trying to test my knowledge of divergence. It's something new I learned about today.
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  • #76,776
  • Edited 6:19am Mar 18, 2009 5:56am | Edited 6:19am
This area is an absolute mess. I cant help, but get the feeling this is sucking in bulls. However at 3065 i myself am the sucker.

Bias - short despite someone bidding this through the roof. Very poor time to be trading this pair as it keeps going off on side tangents. Too many cooks in the kitchen right now.

Safe money is letting other people fight it out and getting in on a clear range break.

I had sincerely hoped this move would have been as clear as gu's and gy's which went according to plan leaving me to imagine EU is still just webbing due to market interference.

Holding short unless stops tripped. all tradeable moves were long on 5 minute. That channel will break to the downside for bears to re enter with a tight SL.

Regardless once it moves it should be a good one.

EDIT: thinking about it again, since the other trades went of without a hitch and they were all triggered in much the same manner. These run up and snarls are mst certainly a direct result of intereference signalling this is an area of inflection and a good place to make a bundle or, conversely, lose a bundle.

Gn GLGT

TK
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  • #76,777
  • Mar 18, 2009 6:07am Mar 18, 2009 6:07am
My wife is sitting here telling me about stress response and I have to laugh. I want to short this sooooo bad but know if I do it will break to the top. She has no idea about stress and conditioning.
  • #76,778
  • Mar 18, 2009 6:09am Mar 18, 2009 6:09am
Quoting dysan4x
My wife is sitting here telling me about stress response and I have to laugh. I want to short this sooooo bad but know if I do it will break to the top. She has no idea about stress and conditioning.
I'm waiting for a short since yesterday, so if your short push up the pair, stay out, please (I'm joking of course... ;-))
I'll send a bottle of wine to my first voucherer ;-)
  • #76,779
  • Mar 18, 2009 6:10am Mar 18, 2009 6:10am
Quoting dysan4x
My wife is sitting here telling me about stress response and I have to laugh. I want to short this sooooo bad but know if I do it will break to the top. She has no idea about stress and conditioning.
I totally understand your situation

it looks good to short but it still looks so much that it will go up in a minute or two

we will have a boring 1 hour
I SEE YOU !!
  • #76,780
  • Mar 18, 2009 6:10am Mar 18, 2009 6:10am
EUR-USD presents an interesting scenario. It is ranging between 1.2931 - 1.3071 (140 pips). Looking at the 4 H chart it can either break to the up-side forming an ascending triangle. Or it can break to the downside forming a double top. With targets shown on the chart.(See Chart).

Looking at the Daily Chart. We had an inside bar yesterday. The bar was bullish although an inside bar. Only a break and close above 1.3071 will confirm a continuation of this bullish run.

On Weekly the resistance remains as 1.3093. Until broken we shall continue to have a bear bias.
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