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EURUSD

  • #83,561
  • Apr 6, 2009 8:56am Apr 6, 2009 8:56am




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  • #83,562
  • Apr 6, 2009 8:59am Apr 6, 2009 8:59am
Quoting Tenshi28
1.3450 should be a strong support. A breach should point to 1.34, IMO.
1.3450(ish) is the daily Pivot Level. Price bounced around it a few times which would give me an indication of a Strong S/R, bulls should be able to run with the ball now.

I'm looking for Price to break the 1.3460 Mid-Level Pivot before placing any BUY orders. If that level is broken, I'll be looking for a target of 1.3490 (Mid-Level Pivot).
  • #83,563
  • Apr 6, 2009 9:02am Apr 6, 2009 9:02am
here is how i see todays scenario playing out using candlesticks...stops being valid when one of those S/R areas gets broken decisively before the necessary steps are completed. Reload short as mentioned in previous post.

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sidenote:if anyones trading decisions are based on this only...big nono..please stick to your own strategy and use my observations as just another perspective only.
Different opinions highly valued, ignorant to slander.
  • #83,564
  • Apr 6, 2009 9:04am Apr 6, 2009 9:04am
3418/3422 has been tough in the past..
those who can, do. those who cant, talk about those who can
  • #83,565
  • Apr 6, 2009 9:14am Apr 6, 2009 9:14am
On the 5 Min chart, price strayed outside its downwards channel. So now price seems to be "stuck" between the outside channel and pivot level. Best bet for me, to stayout until price make up its mind on which direction to take.
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  • #83,566
  • Apr 6, 2009 9:16am Apr 6, 2009 9:16am
i sort of see some dollar strength coming
dollar index bouncing off daily bullish trendline
usd/cad bouncing off same bullish trendline
dow futures could be possibly bouncing off upper terndline
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Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #83,567
  • Apr 6, 2009 9:19am Apr 6, 2009 9:19am
stock market started low
  • #83,568
  • Apr 6, 2009 9:27am Apr 6, 2009 9:27am
Quoting trading801
stock market started low
the stock market is ridiculous. if you take a look at the dow....it gapped up compared to the previous day for the last 2 weeks or so (with a few exceptions). now that it gaps down the question becomes...will that gap get filled so a "regular" trend down begins. i would hate to be an equities trader right now
Different opinions highly valued, ignorant to slander.
  • #83,569
  • Apr 6, 2009 9:29am Apr 6, 2009 9:29am
Quoting psiholog
the stock market is ridiculous. if you take a look at the dow....it gapped up compared to the previous day for the last 2 weeks or so (with a few exceptions). now that it gaps down the question becomes...will that gap get filled so a "regular" trend down begins. i would hate to be an equities trader right now
those "gaps" are created by the futures market activity
futures are 24/7 and therefore the difference between futures and cash "spot" markets result in those gaps
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #83,570
  • Apr 6, 2009 9:32am Apr 6, 2009 9:32am
Quoting djambazov84
those "gaps" are created by the futures market activity
futures are 24/7 and therefore the difference between futures and cash "spot" markets result in those gaps
yeah.. futures .. i always go bloomberg to have a taste of things to come LOL
  • #83,571
  • Apr 6, 2009 9:32am Apr 6, 2009 9:32am
Quoting psiholog
here is how i see todays scenario playing out using candlesticks...stops being valid when one of those S/R areas gets broken decisively before the necessary steps are completed. Reload short as mentioned in previous post.

Attachment


sidenote:if anyones trading decisions are based on this only...big nono..please stick to your own strategy and use my observations as just another perspective only.
You sell at 1.3555.
  • #83,572
  • Apr 6, 2009 9:35am Apr 6, 2009 9:35am
With the collapse of some of those eastern Europe currencies, and considering all the "Debt" exposure to both European and other banking nations, I see this attempt to switch to Euro as basically yet another payoff to banks. All the moneybeing put in the IMF is basically laundered currency that is simply going right back in the corporate pockets.

Currency moves these days hold little real value. Anything can happen.
  • #83,573
  • Apr 6, 2009 9:39am Apr 6, 2009 9:39am
Partial profit

For all short above 1.3533 set BE
Next target - 1.3387, 1.3371, 1.3333

I will do nothing for now.

I will wait if goes to see 1.3600 Touch.
  • #83,574
  • Apr 6, 2009 9:41am Apr 6, 2009 9:41am
Quoting BoredToLoose
You sell at 1.3555.
yeah...my methods are highly controversial i think..lol. Always trying to pick tops and bottoms...takes alot of guts. I didnt even see any strong resistance in that area other then 1.3585 historically...thats why I asked driver why he saw 1.3595/605 as Resistance area. He never replied so I decided...since I was pretty sure in myself that we are indeed developing an h&s I will look for the area where PA consolidates most at the high...however this has to be done in a curved shape to form the "tip" like on those contraceptives. Using the line chart at that time proved useful and soon as the consolidation area at the high looked ready to break to the downside..there went my entry.


Now im curious if we go lower now before any retracement to higher levels...if we go much lower then 1.3400 (taking those friday spikes down into consideration)...throws my H&S out the window and will have to look for other reasons for entry.
Different opinions highly valued, ignorant to slander.
  • #83,575
  • Apr 6, 2009 9:50am Apr 6, 2009 9:50am
Quoting TIckerShuffl
With the collapse of some of those eastern Europe currencies, and considering all the "Debt" exposure to both European and other banking nations, I see this attempt to switch to Euro as basically yet another payoff to banks. All the moneybeing put in the IMF is basically laundered currency that is simply going right back in the corporate pockets.

Currency moves these days hold little real value. Anything can happen.
even that idea might seem like a sin right now, that is the future of east-european countries, this move maybe only accelerated by some years, yes it will damage the eur in short term, but in the long term view ...
and after this kind of crisis/deflation/correction east/european countries grow in average more than west/europe which is only of benefit for the entire EZ.
  • #83,576
  • Apr 6, 2009 9:54am Apr 6, 2009 9:54am
we just bounced off 3398 it was the next on my list.. still below 3417/22 area... so todays trend thus far is lower.if trend continues.. next 3365 15 3300 3288........
those who can, do. those who cant, talk about those who can
  • #83,577
  • Apr 6, 2009 10:08am Apr 6, 2009 10:08am
back short again here, wish id held before dang
  • #83,578
  • Apr 6, 2009 10:08am Apr 6, 2009 10:08am
geithner is talking right now...whats he got to say this time
Different opinions highly valued, ignorant to slander.
  • #83,579
  • Apr 6, 2009 10:09am Apr 6, 2009 10:09am
Quoting tarasbaida
God I love your charts, pretty sure Van Gogh would kill for the opportunity to draw something like that. No offense
thanks for the compliment you are very nice i will be posting more to help everyone especially s/r and fibs
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #83,580
  • Apr 6, 2009 10:11am Apr 6, 2009 10:11am
Quoting psiholog
geithner is talking right now...whats he got to say this time

If Geitherner is talking ...
GET OUT OF THE MARKET NOW. SAVE YOURSELFVES AND EQUITY
THE MARKET WORLD IS ABOUT TO END!!!
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