EURUSD

Unfreaken believable. Made quite a few pips today, lost a couple dozen too though! Over all I'm still way up for the day!

Another time I hit the wrong button THAT cost me some pips!

Daily technical analysis report
Eur/Usd
Currency Pair Daily Momentum 4-Hour Momentum 1-Hour Momentum

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Support

1.4170
1.4120
1.4050

Resistence




1.4250
1.4280
1.4320

Comments 2103MT barely closed below Kijun line at 1.4227, bias lower wile below 1.4250, below 1.4170 may see to 1.4125/35 55-day sma


The Daily Technical Analysis page is updated once each day by the NY open (8am EST) and does not represent market conditions on a real-time basis.
Time Frames

“Long term” utilizes daily indicators
“Medium term” relies on 4-hourly indicators
“Short term” is based on hourly indicators

Momentum Grid The color-coded arrows highlight momentum direction and overbought/oversold conditions.

 

1. “Up” arrows indicate that momentum is positive and moving higher, usually signs of higher prices ahead
2. “Down” arrows indicate negative and falling momentum, typically implying lower prices in the future.

The colors represent the point at which the signal originated or its current degree of overbought/oversold:
https://secure.efxnow.com/myAccount/...w_green_up.gifGreen arrows represent a new signal originating in overbought or oversold territory. Green arrows are the preferred signal for opening a new position (or closing an existing position after a reversal of momentum has occurred), but occur relatively infrequently.
For example, a Green Down arrow indicates that momentum has recently turned negative from within overbought territory, suggesting lower prices are ahead.
https://secure.efxnow.com/myAccount/...ow_blue_up.gif Blue arrows indicate that momentum is moving in the direction of the arrow, but that the signal is within a neutral zone and is neither overbought nor oversold. Blue arrows have less predictive capacity as position entry/exit signals and are more indicative of a “hold” for current positions in line with the direction of the arrow. Blue arrows are quite common and represent trend continuation, though with a higher potential for short-term reversals.
For example, a Blue Down arrow means that momentum is negative and falling, but that momentum is in a neutral zone and thus has less predictive utility.

If bar closes at 4220 there is big possibility of uptrend supported by mirror bar figure till 4345-50

Tuesday, September 01, 2009 - New York Update - 2:49 PM EST Well we FINALLY saw the break-down in equities, and break-up in the dollar, that we been positioning for for what seems to be months. On the break through 1.4280 in EURUSD, I walked followers on Twitter through a very aggressive short for 5 units. Prior to that I had orders to sell 10 units of EURUSD back into 1.4280 to be short a total of 13 units, but never got the fill. All in all, it was a very nice trading market on the break through 1.4280 and my PnL from this morning certainly reflects it. We were very conservative all summer long during the chop while we circled the prey from the surface. The minute the market was cut, we smelled the blood and immediately attacked with 3-4 times our normal size. I have received some emails from clients who aren't able to view the videos for various reasons. So going forward to keep everyone in the loop, I am going to settle into a mix of text and videos.
I am out of 2/3rd's of EURUSD short with stops now at 1.4260. The immediate downside target in black wave 1 is 1.4130.

Should 1.4130 downside Fib target trade prior to 1.4260 stop loss being triggered, I will be expecting a sizable 3-wave correction in black wave 2 that we will again aggressively position on the short side. If for any reason you missed the EURUSD short this morning, do not feel bad. If this is truly the wave count I believe it to be, there will be tons of future opportunities to get short as risk aversion sky rockets heading into year's end. I do not see any clear re-entry opportunities on the short side with acceptable risk parameters. TG.

Added

Now go! All the way to 1.4281, 1.43

Not withstanding a possible test of the pivot at 14259, I remain overall bearish.

This is reason enough..... Yea cowboy !

LMAO!

i have long targetting PP first

I have a long too but 1.4224 (23.6 fibo) does not want to budge. Either way, my SL is at BE so let's see what the Europeans have to say in 45mins.

we might perhaps see 1.4240 today but i would prefer shorting the pair when it reaches that point, however more indicators will need to say so. So far staying put.

Good morning pipsters

Sept. 2 (Bloomberg) -- Chief executive officers at 20 banks that got U.S. aid received compensation 37 percent higher than the average for leaders at Standard & Poor’s 500 companies and are poised for gains as stock values rise, a study showed.

Pipster, is this your analysis?

Frankie's up in 8 minutes.

It's gotten a bit more serious since last week.

This is the daily trendline, well respected by price for about 6 months now.

Not only is it flirting with it right now, it's doing so after a recent visit there
only a few days ago, with a lower high to boot. A closing break is all it would take.

And in fairness to the uptrend, the TL still remains respected even for now,
although for how long is the question. Daily closing break...that's the ticket.

in short, short term bull long term bear

right buddy?

Don't stop there we've travelled too far,
to change this lonely long.
I want to know my TP.

Everyone ready to jump on board or all still waiting for lower low.

Just went long with a bigger position at 1.4216...

4259 before New York.

Its not from me is from Tg from gain capital...