EURUSD

for an indication of a decent reversal. A rediculous spike in oil to allow for commodity etfs to roll over to next month...what will happen after rollover is USO will sell off and oil along with it, and euro to follow.

EDIT: Might have happened today, but I can wait.

Yes, but nursing semi until market warms up. Friday's are not what they used to be a couple of months ago. Market shows some respect for traders.

TickerShuffl...what do you mean? the sell off and oil heading up will make the euro a buy or long?

Time relating.

Price must be at x level at Y time.
The secret it is to draw the temporal ranges, right angles and other secret stuffs.

On the contrary, the sell-off in oil means EUR will probably head down.

Hmm.... Don't you think 25% in one month would be enough? Besides...who will BUY the oil to spike? You thinking a manipulation based on the 25% gains already?

[EDIT] I don't know... check OIL on daily, it's pretty far from LTL to me....RSI in overbought - not that it matters, CCI i overbought from beginning of May, not that it matters.... I mean...I don't see the spike coming

i am short since 1.4155.. waiting for 1.4000 to TP some of my trades. i went short when it was at 1.4077 before it ran up like a bitch.. it almost touched my margin call.. LOL...

Interesting question.....USA has to buy oil at any price below $140...they were paying that this time last year. Not sure about the 25% in one month....What do you think?

Caution: Canada counts on the Oil and Gold for most of the value of its currency. Both are extremely top heavy at the moment.

Runaway price of oil is getting tired IMO. Gold same thing.

I expect them to start a fall in the very near future.

I am about to start opening short positions on oil and gold.

oil max price of $75 and gold max price o $985.

Once we have hit these prices I will start building my shorts.

A short term play on USDCAD is not out of the question but when I look at the Macro picture I don't think it is worth the risk.

Ultimately it's your call. Just thought I woulld add another perpective.

PS: If this plays out the way I think EURUSD is a good short from 1.42 to 1.4350. How you play it is once again your call.

I am trying to say, I do not like shorts yet, in anticipation of one last massive spike in oil. That moment may be the moment to get short euro, because this bull run in equities and commodities is out of gas...IMO.

He's saying that oil is reaching rediculous highs and will most certainly drop. The drop usually occurs after a final run up. Pehaps today was the final push.

When it drops it will drag the EURUSD with it because commodities ar based in USD. Hence a drop in oil = drop in EURUSD.

I half expect the oil to hit 75 before dropping but I'm in the watch and click mode for oil short. Any final up thrust on low volume will be my indicator that we have topped for the moment.

Also the 30 year auction went well today. This tells me that not everyone has given up on the US. Time will tell.

Thanks!!! makes sense to me!

Pivots for today...

Sorry guys but I just had a fairly long and detailed post on a big "what if" I saw for the asia session and it's got lost in the sending.

I'm not gonna redo it, but if any of you have followed the asia pivot session action I look for, then this is a perfect setup for it. Consider this short version...

Intact uptrend, Central at the xx00 psych level, everyone probably looking bearish for the retrace, etc etc.

Watch for a break south to the DP or QP with a Turn and Burn back to the Central and then on to M3 or the 4174 QP, and then retrace back towards the Central or the 4120 pych level while waiting for the Fo/Lo boys to come online to go higher. They may or may not want to drop it below the 4100 level to clean out a few stops first before climbing back up. That's the gist of what got lost.

NOTE: Central Pivot tonite doing Triple Duty as the QP for M3/DP and the xx00 Psych level. Strong attractor until cleared one way or the other.

Complications for the above scenario ... one last session each for the major markets this week so Book Settling and other mundane things may interfere or skew that. Still, any loss of Bull momentum at this point could be costly.

Also a nice place for Bears to try to turn the tide for those inclined to see this right shoulder thing forming on the Daily. I'm personally not putting a lot of stock in the Daily shampooo at this point, as that right side just got too ugly with the HH's and HL's.

I needed to see today close a lot lower and some signs of capitulation... I don't see it, and would be careful to not mistake any profit taking before moving up as Bearish PA..

Won't be by the puter much for Asia, but will try to peek in now and then. Sorry about the lost post, it had all the other details.

Anyone clueless about what I'm talking about you can read this and fast forward to Part 3 and 5 for the Quickstart version. Enjoy.

Careful trading tonite all...

PS Just in case price breaks north first, then the reverse of the above scenario is what I look for and would normally be trading. It takes PA giving us a clue first in the break... but my first choice for tonite is the break south and yada yada...

Hi,

Would you mind to post some links related to the secret stuff that you mentioned?

Thank you.

Bablo, ticker, gator, arthur and the rest of you commodity guys...

I really appreciate all of your insights on those points. I read every single one of them every single time.

It's a complicated Dance.

Thank you Bablo! I'm really trying to learn. I'm charting to see if the euro will retest the upper 1.4660s....

You are also on my list of useful reading.

Keep an eye on Nat Gas tomorrow. We should see a pull back.

3.25 is a definate long point. Actually I have pending orders from 3.50 to 3.25. If it breaks below 3.25 I will wait for a turn and double down my bet.

This morning I took a position with HNU (Canadian Natural Gas Long) at 5.89 and close at 6.92. This trade was my best 1 day entry and exit ever.

Entry was 1 cent above the low of the day and exit was 7 cents from the high of the day.

If every trade went this well trading would be boring.

What do you see for the top on EURUSD before a pull back?

hey guys, what do you think about tomorrow?

Euro will go for the 1,4250 1,4340 or 1,3830 or 1,3760 ?

I sell on 1,4080 .....


bullish or bearish?

look for longs now

my support resistance levels



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support resistance

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