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EURUSD

  • #129,621
  • Aug 10, 2009 2:29am Aug 10, 2009 2:29am
Quoting Chicky
Any comments on EUR/GBP and how this situation is going to affect EUR/USD?


I fink EG can move up to ~0.8579 <-- H4 channel top line.. but first look your indi...
  • #129,622
  • Aug 10, 2009 2:34am Aug 10, 2009 2:34am
interesting

http://www.bloomberg.com/apps/news?p...d=a7PB99v5t3Z0



its comming

http://www.bloomberg.com/apps/news?p...d=aTOaAnSiL7YM


just 4 the hell of it.
http://www.bloomberg.com/apps/news?p...d=aoCvXKhMdmhM
those who can, do. those who cant, talk about those who can
  • #129,623
  • Aug 10, 2009 2:36am Aug 10, 2009 2:36am
Quoting ShanFX
here is ernis22...happy trading



Thank You very much ShanFX
  • #129,624
  • Aug 10, 2009 2:37am Aug 10, 2009 2:37am
Quoting Knowlegeable
Am I correct in assuming you are a technical trader ?

If so what is your opinion on the following ?

Currency Market is driven by fundamental news. News releases are
what determines the long term and short term trends of the market.
Although technical analysis has its part in Forex trading, it is
important to understand that market does not move just because a
technical breakout or a candlestick pattern. By understanding
fundamentals, a trader will have a powerful edge over the market in
the mid to long term.
it does what it does when it does it. all of the above is true. at certain moments
those who can, do. those who cant, talk about those who can
  • #129,625
  • Aug 10, 2009 2:46am Aug 10, 2009 2:46am
Quoting ernis22
I fink EG can move up to ~0.8579 <-- H4 channel top line.. but first look your indi...
Ernis, Thanks for the info. Based on chart it looks like. Let's see where it goes and how.
The Thief of Wall Street
  • #129,626
  • Aug 10, 2009 2:53am Aug 10, 2009 2:53am
Chicky


USD Index looks like going UP... (first look your indi) ... MACD wanna change direction Up... Very slow Stoch.. on ~50 line.. and "wants" reverse down..

  • #129,627
  • Aug 10, 2009 2:55am Aug 10, 2009 2:55am
Quoting gatorinla
interesting

http://www.bloomberg.com/apps/news?p...d=a7PB99v5t3Z0



its comming

http://www.bloomberg.com/apps/news?p...d=aTOaAnSiL7YM


just 4 the hell of it.
http://www.bloomberg.com/apps/news?p...d=aoCvXKhMdmhM
You need to get this kind of info out much earlier.

  • #129,628
  • Aug 10, 2009 2:56am Aug 10, 2009 2:56am
Quoting gatorinla
it does what it does when it does it. all of the above is true. at certain moments
When I trade I always watch the flow of funds that can be determined most of the time by following the price of Oil and the price of Gold as it shows on CNBC or other such services. Along with that the level in the Dow needs to be watched along with the yield on the 2 year US Bonds and the 10 year US Bonds.

I also monitor the prices of EUR/JPY and USD/JPY when trading EUR/USD.

It is a great advantage to see where the money is going. As way of explanation when the Dow is sold usually the EUR/USD and Canadian dollar go down. When the US Dollar Index goes up usually Oil and Gold go down.

When risk aversion enters the market the tendency is for these asset classes to be sold and the US dollars received are used to buy the US Bonds.

I only follow the 2 year and 10 year as my indicators. As the US Bonds are sold then the yields on them go up. When there is INTERVENTION you can easily see that happen as the money does not flow where it usually does.

These money flows lead the technicals not the other way around.

You saw this happen on Friday after the release of NFP number. This is a very powerful tool to use and I consider this knowledge to be a fundamental fact.
  • #129,629
  • Aug 10, 2009 2:57am Aug 10, 2009 2:57am
Scalping shorts a little with care ,gj& gu doing very well & not so eu but ready to take long from any bottom specially eu, friday low . May be a small Bullish set up in eu .
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #129,630
  • Aug 10, 2009 2:57am Aug 10, 2009 2:57am
Coming up.

m
  • #129,631
  • Aug 10, 2009 2:58am Aug 10, 2009 2:58am
Quoting fontu
Scalping shorts a little with care ,gj& gu doing very well & not so eu but ready to take long from any bottom specially eu, friday low . May be a small Bullish set up in eu .
fontu
Doesn't want to go above that 23 level... for now.

m
  • #129,632
  • Edited 3:22am Aug 10, 2009 3:04am | Edited 3:22am
Quoting cobraforex
When this Ali guy copy and paste wisdom of other sites it would be good if he leaves a feedback to the autor, otherwise someone may think that he knows something about FX.

http://www.henryliuforex.com/currenc...utlook-081009/
now keep searching from which website it is...u are a !@#$do u even trade for real?

Despite edging higher to 1.4446, EUR/USD's sharp reversal from there and the break of 1.4206 support serves as an early alert that the pair has topped out. Initial bias will remain on the downside this week for further decline towards 1.4007 support first. Break there will add much credence to the case that that a medium term top is already formed at 1.4446 and turn focus to 1.3747 support for confirmation. On the upside, above 1.4272 minor resistance will turn intraday outlook neutral first.

In the bigger picture, as noted before, rise from 1.2456 is treated as the third leg of the whole consolidation pattern that started at 1.2329. Last week's sharp reversal argue that such rise has possibly completed with five waves up to 1.4446 already, on bearish divergence conditions in daily MACD and RSI. Break of 1.3747 support will confirm this case and bring deep decline that will eventually send EUR/USD through 1.2329 low. On the other hand, above 1.4446 will in turn indicate that rise from 1.2456 is still in progress. But after all, strong resistance should be seen as EUR/USD approaches 61.8% retracement of 1.6039 to 1.2329 at 1.4622 and finally bring reversal.

In the long term picture, as we're treating price actions from 1.2329 are merely consolidation in the larger down trend, the fall from 1.6039, therefore, is expected to resume after completing the consolidation. Below 1.2329 will confirm that such down trend has resumed for at least a test on 1.1639 key long term support. We'll hold on to this long term bearish view as long as 1.4867 resistance holds .
  • #129,633
  • Aug 10, 2009 3:04am Aug 10, 2009 3:04am
http://www.counterpunch.com/whitney08072009.html


http://www.dailyfx.com/story/currenc...762476412.html
  • #129,634
  • Aug 10, 2009 3:04am Aug 10, 2009 3:04am
Quoting acumen
Doesn't want to go above that 23 level... for now.

m
Yes waited for it to go up that level & fail but due the bullish set up it can try again from next support . Anyway bull still in the market just releasing thread to some extent & hence very carefull about present shorts .Now doing better eu so 1.4152 is target now .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #129,635
  • Aug 10, 2009 3:05am Aug 10, 2009 3:05am
Quoting Chicky
Ali, what would be your TP for shorts?
i am flat right now...
  • #129,636
  • Aug 10, 2009 3:09am Aug 10, 2009 3:09am
Quoting acumen
You need to get this kind of info out much earlier.

i did.
those who can, do. those who cant, talk about those who can
  • #129,637
  • Aug 10, 2009 3:10am Aug 10, 2009 3:10am
thankyou for the indicator you rock...i was looking for some thing like this from long back.

god bless
  • #129,638
  • Aug 10, 2009 3:12am Aug 10, 2009 3:12am
Quoting ernis22
Chicky


USD Index looks like going UP... (first look your indi) ... MACD wanna change direction Up... Very slow Stoch.. on ~50 line.. and "wants" reverse down..

Since I still use an abacus instead of a calculator - measure Stoch with a 6" ruler, prefer manually drawing a boundary around bars instead of using MACD and rely on eyes more than SMAs. However, results of analysis agree with yours. Will switch short to long near 1.4100 or ealier if PA would want me to do so.
The Thief of Wall Street
  • #129,639
  • Aug 10, 2009 3:15am Aug 10, 2009 3:15am
Inserted Video
those who can, do. those who cant, talk about those who can
  • #129,640
  • Aug 10, 2009 3:17am Aug 10, 2009 3:17am
Quoting Alihuzaifa
now keep searching from which website it is...u are a loserdo u even trade for real?

Despite edging higher to 1.4446, EUR/USD's sharp reversal from there and the break of 1.4206 support serves as an early alert that the pair has topped out. Initial bias will remain on the downside this week for further decline towards 1.4007 support first. Break there will add much credence to the case that that a medium term top is already formed at 1.4446 and turn focus to 1.3747 support for confirmation. On the upside, above 1.4272 minor resistance...
Well, Ali, you certainly did it this time. Cobra, one of the most charitable, successful traders in FF, was giving you some helpful hints and you freakin' attacked him. Suggest you delete that post, reconsider the intent of his post, and begin complying with the rules or you'll be suspended. You at least earned an ignore here.

Thanks for making that an easy decision.
Up or down, gimme a ticket
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