EURUSD

Yes it normally doesn't fit my trading style but i Will stretch if the results i achieve will be worth it

US session will be a big one today.If the dow goes down the dollar might see some support there.US futures indicates that the DJI might fall today.I have still gone short with Tp at 3530

Please explain the chart.

ya, I guess you a right, thanx for correction

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Stochastic secret

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I'm probably wrong.

I see one or two more days of profit taking then up again

EURUSD will be a good long at 1,3450 - 1,35

How about this 1 hour chart



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Stochastic secret

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Must go now. Back later. Short term trend still intact

The question is will it test and recover or blow through to next low support?

I'm not sure Errich. I always understood that you had to have a minimum swing size for wave patterns to be valid. Otherwise one ends up in a situation where the underlying Wave pattern is lost due to numerous minor waves. That is why - perhaps - it is easier to see the formation of reliable wave patterns on a weekly chart when compare to wave patterns on a one minute chart.

See ya later!

Vindicated?

I were just having fun as so many people had so many indicators and lines on their chart that nothing made sense....

Anyway as I said there is some sense to it...
1. Americas futures is pointing down, and europe equites are down (similar=no change in EURUSD).
2. RSI 49 when at 82 the price was 92 pips higher... (alot of buyers present)
3. MACD at 30 min chart looks done bearish soon...
4. 10 minutes to NY opening

I took position at 1,3620
With TP 1,3847 and SL 1,3517 (think I could have moved SL to 1,3535 now but I never change anything... EVER !!

The trend Is still MY FRIEND!

Good morning

The EUR/USD retraced as expected after stalling at the 3/20 swing highs. It has retraced 38% of Fridays rally. Nearest support on the daily looks to be around 1.350 or 1.337. There is a 5 minute pivot at 1.341 so we'll see if we get a bounce.

The FT reports that US bank regulators have assured banks that they can reduce the amount of capital they need to raise by earning more than projected in the stress tests over the next 6 months. As the FT reports, this was not mentioned in Thursday's stress test results announcement, but is consistent with arguments some banks made during stress test negotiations. The WSJ reported that the Fed cut the size of capital needs for several banks just before announcing the results of stress tests Thursday. Various press outlets report that the Obama administration favors giving the Fed the central position in systemic risk regulation, and that the administration will shift its focus to financial regulation now that the initial stress tests are out of the way.


The [BUNDESBANK] said that Germany's budget deficit could grow to about 6% of GDP by next year while the public debt ratio could rise to about 80% of national income in the next two years. The Bundesbank urged the German govt to introduce steps to sort out the public finances as soon as the worst of the economic crisis was passed.
[ECB's Trichet] speaking as chairman of the Global Economy Meeting at the BIS, said that central banks saw the economy around inflection point but added that this was no time for complacency. He remarked that growth rates were still falling but at a slower pace and that the world economy was still in uncharted waters. Trichet added that the CBs had to remain 'very alert' while saying that the group noted that money markets were in a 'pre-Lehman' position. The head of the ECB, speaking on behalf of the group, noted that policy should stay in non-standard mode for as long as was needed before adding that exit strategies had not been discussed at the meeting. On inflation, Trichet said it was important to maintain price stability in the medium term.


[ECB's Trichet] speaking as chairman of the Global Economy Meeting at the BIS, said that central banks saw the economy around inflection point but added that this was no time for complacency. He remarked that growth rates were still falling but at a slower pace and that the world economy was still in uncharted waters. Trichet added that the CBs had to remain 'very alert' while saying that the group noted that money markets were in a 'pre-Lehman' position. The head of the ECB, speaking on behalf of the group, noted that policy should stay in non-standard mode for as long as was needed before adding that exit strategies had not been discussed at the meeting. On inflation, Trichet said it was important to maintain price stability in the medium term.

the more squiggly lines the better. I've got so many lines and filters on my charts that I have a 100% win rate (they've prevented me taking any trade at all for 3 years).
lol
there's even filters for my filters....

Good improvement of my shorts checking after 4 hrs , round top in all tfs m5 to H4. Hope this sutain move will continue till my 1st TP 1.3530.
fontu

Thanks Lars. Good luck with your trade.

I have never studied the intermarket relationship between the EURUSD and the main indices so forgive me if the following seems ignorant.

Point 1. At the most rudimentary level if the main European Bourses are down isn't this a bearish signal for EURUSD. Since negative Indices implies lower earnings, demand or a myriad of various indicators which ultimately suggest lower Net Present value of cashflows.

Point 2: Forgive my ignorance. I'm not sure what you mean about point 2. Obviously, I know what an RSI is but I can deduce how you arrived at the conclusion that there are still alot of buyers present in the market based on a couple of readings of the RSI.

In spirit of continuous improvement.

"...that money markets were in a 'pre-Lehman' position..."

What's a pre-Lehman position?

it's generally my understanding that good global economic sentiment causes a rise in more risky assets and a move away from defensives. Hence euro and equities gain, swiss franc and dollar lose.