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  • #10,621
  • Apr 8, 2009 4:13am Apr 8, 2009 4:13am
I'll take the 40 pips. 5743 is reasonable resistance.
  • #10,622
  • Apr 8, 2009 4:34am Apr 8, 2009 4:34am
EURUSD now approaching the 1st TP 13225.

2nd is 13250.

German factroy orders news in 25 mins.
  • #10,623
  • Apr 8, 2009 5:12am Apr 8, 2009 5:12am
Quoting RedCabbage
EURUSD now approaching the 1st TP 13225.

2nd is 13250.

German factory orders news in 25 mins.
Taking +60 before the German Factory Orders was the right move.

I notice that when one person dominates the thread, everyone else keeps quiet so I'm done posting for now, I'm going to get a shower.
  • #10,624
  • Apr 8, 2009 5:31am Apr 8, 2009 5:31am
Quoting RedCabbage
Taking +60 before the German Factory Orders was the right move.

I notice that when one person dominates the thread, everyone else keeps quiet so I'm done posting for now, I'm going to get a shower.
RC - Would realy appreciate if you could post some charts with your thinking on your calls.
  • #10,625
  • Apr 8, 2009 5:41am Apr 8, 2009 5:41am
Regardless, alot of net dollar shorts went on the books last week, and its going to be hard to spur a major selloff at this point. But never say never. Stock indices are in corrective mode, but ultimately a push higher isn't out of the cards. That should shove along the 'risk' traders, dumping the dollar for the interim.[/quote]

Once again, thanks BRV
I don't think I have ever looked at a weekly chart before and had an understanding of what it might be telling me. For that matter except for James16 I can't remember anybody talking about how last week might affect this week. Steep learning curve for me.
  • #10,626
  • Apr 8, 2009 6:00am Apr 8, 2009 6:00am
Quoting stewrigh
RC - Would realy appreciate if you could post some charts with your thinking on your calls.
Do you mean generally or for the last EURUSD and NZDUSD moves?
  • #10,627
  • Apr 8, 2009 8:09am Apr 8, 2009 8:09am
Is it just me, or the market is difficult to read today ?
  • #10,628
  • Apr 8, 2009 8:18am Apr 8, 2009 8:18am
Quoting Khalys
Is it just me, or the market is difficult to read today ?
I always find it hard to read
  • #10,629
  • Apr 8, 2009 8:22am Apr 8, 2009 8:22am
Good point indeed... I just had the feeling we had more obvious entry points during the last few days.
  • #10,630
  • Apr 8, 2009 8:41am Apr 8, 2009 8:41am
If I were to take a guess I would say that the markets are not reacting the way they usually would because its a long weekend.

Any other ideas out there?
  • #10,631
  • Apr 8, 2009 8:45am Apr 8, 2009 8:45am
Quoting RedCabbage
Do you mean generally or for the last EURUSD and NZDUSD moves?
Those 2 would be great
  • #10,632
  • Apr 8, 2009 9:16am Apr 8, 2009 9:16am
Quoting stewrigh
Those 2 would be great
NZDUSD was a sell at London open yesterday and a buy at London open today.

EURUSD story I think you already saw in EURUSD thread http://www.forexfactory.com/showthre...90#post2655790

It was all about a previous channel, Fib and good S/R price levels.
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  • #10,633
  • Apr 8, 2009 9:23am Apr 8, 2009 9:23am
Quoting RedCabbage
NZDUSD was a sell at London open yesterday and a buy at London open today.

EURUSD story I think you already saw in EURUSD thread http://www.forexfactory.com/showthre...90#post2655790

It was all about a previous channel, Fib and good S/R price levels.
Thanks RC
  • #10,634
  • Apr 8, 2009 10:43am Apr 8, 2009 10:43am
If anyone's following BRV's Twitter, he called 1.3155 for E/U and expected a tight bounce. Sure enough, the bounce came at 3146.

I can't for the life of me figure out where that line came from. I would have said 3170 (basically RC's 3165) or maybe 3125. I just don't see anything that screams 3155, in fact the only thing noticeable at all really is the small bit of consolidation around Mar 18; nor do I see any historical significance, fibs, or trendline confirmation (well, you do get a 76 fib if you start it at the little down spike on 3/18 7:00 GMT, but that doesn't seem like an obvious place).
  • #10,635
  • Apr 8, 2009 11:00am Apr 8, 2009 11:00am
Quoting orcus
If anyone's following BRV's Twitter, he called 1.3155 for E/U and expected a tight bounce. Sure enough, the bounce came at 3146.

I can't for the life of me figure out where that line came from. I would have said 3170 (basically RC's 3165) or maybe 3125. I just don't see anything that screams 3155, in fact the only thing noticeable at all really is the small bit of consolidation around Mar 18; nor do I see any historical significance, fibs, or trendline confirmation (well, you do get a 76 fib if you start it at the little down spike on 3/18 7:00...
Hope this helps. Supply comes in sub 3165.

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  • #10,636
  • Apr 8, 2009 11:33am Apr 8, 2009 11:33am
Quoting orcus
If anyone's following BRV's Twitter, he called 1.3155 for E/U and expected a tight bounce. Sure enough, the bounce came at 3146.

I can't for the life of me figure out where that line came from. I would have said 3170 (basically RC's 3165) or maybe 3125. I just don't see anything that screams 3155, in fact the only thing noticeable at all really is the small bit of consolidation around Mar 18; nor do I see any historical significance, fibs, or trendline confirmation (well, you do get a 76 fib if you start it at the little down spike on 3/18 7:00...
My chart is as Ferrari's. I have next support below 13165 at 13144 and then 13113.

n.b. Chart is not current
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  • #10,637
  • Apr 8, 2009 11:40am Apr 8, 2009 11:40am
What's puzzling me is why I can only see Twitter updates for cable?
  • #10,638
  • Apr 8, 2009 11:43am Apr 8, 2009 11:43am
Quoting orcus
If anyone's following BRV's Twitter, he called 1.3155 for E/U and expected a tight bounce. Sure enough, the bounce came at 3146.

I can't for the life of me figure out where that line came from. I would have said 3170 (basically RC's 3165) or maybe 3125. I just don't see anything that screams 3155, in fact the only thing noticeable at all really is the small bit of consolidation around Mar 18; nor do I see any historical significance, fibs, or trendline confirmation (well, you do get a 76 fib if you start it at the little down spike on 3/18 7:00...
Yeah, RC's call was spot on...I'm curious as to if BRV was calling the general range between those two daily supports (1.3125-1.317)...really, that entire area was loaded and looked good for some sort of bounce.

Opinions RC?
  • #10,639
  • Apr 8, 2009 11:47am Apr 8, 2009 11:47am
Looking at the EUR/USD now, 1.333-1.3365 looks to be a nice area of resistance. I'm unsure of what equities will be doing the rest of the week...daily uptrend has broken and this 1.3365 resistance provides a way for the broken trend to retrace back up to the previous trend line before heading back down.

Will get some charts up later...anyone else checking this out?
  • #10,640
  • Apr 8, 2009 11:51am Apr 8, 2009 11:51am
Quoting sam0182
Looking at the EUR/USD now, 1.333-1.3365 looks to be a nice area of resistance. I'm unsure of what equities will be doing the rest of the week...daily uptrend has broken and this 1.3365 resistance provides a way for the broken trend to retrace back up to the previous trend line before heading back down.

Will get some charts up later...anyone else checking this out?
13365 is a nice level and a 50Fib too.
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