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EURUSD

  • #151,141
  • Oct 11, 2009 11:07am Oct 11, 2009 11:07am
If you like the divergence strategies, one trade idea will a buy into the 1.4680 area with stops below the Daily S2 at 1.4640. The initial target is T1 = 1.4770. The 1H chart is close to a nice divergence on Stochastic, MACD and Histogram Divergence windows. The $INDEX looks poised to take another hit to the downside, wich is dollar negative, so in other terms will help the EURO to the upside. Will see...
Attached Image(s) (click to enlarge)
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  • #151,142
  • Oct 11, 2009 11:09am Oct 11, 2009 11:09am
Hi guy's,

As i can see it we still need to go up a bit more we should at least test 1.4770 if fails then we are coming back down 1.4690 area for testing small support again which should go down i guess. After that there is fib 50% 1.4648 area which needs to be taken down if not we are about to bounce up and down a for some time because market need's to decide where its going ....

I will be long until 1.4770 and then i will see where we are heading probably down because the double top has formed, as you can see it from Fontu's charts.

Anyway's for me EUR seems to be quite fragile and weak even they managed to push it a little up but still its not that ... they were so close to making new high last week but they came down big time......USD is't the strongest one as well but USD have much more chances to be popped up than EUR....

I have been reading lots of articles about the EUR/USD battle and all the articles are saying that USD goes down big time ... i just dont want to believe that it's going down that big i just have an opposite thoughts that EUR might start getting more weaker.... Most of the last USD announcements were positive ones which we might see in the future as well.. Overal trend is bullish but still i can see trend reversal soon i dont know when it might happend but soon and this i am sure as well that EUR will not the high's next week

Charts also added with some figures on it.

All this is just my conclusions about the up coming week.

Cheers
Attached Image (click to enlarge)
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  • #151,143
  • Oct 11, 2009 12:08pm Oct 11, 2009 12:08pm
here are the trading plan to follow monday in EUR/USD

target from opening price - sell 1,4715-20: target to buy again - 1,4635 (see chart, here will be a false break)
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdmonday.jpg Size: 88 KB
Twitter: Forexlivetrade - Buy: AFFI.CPH ISIN: DK0015966592 - target 12 DKK
  • #151,144
  • Oct 11, 2009 12:22pm Oct 11, 2009 12:22pm
Quoting viljam
Hi guy's,

As i can see it we still need to go up a bit more we should at least test 1.4770 if fails then we are coming back down 1.4690 area for testing small support again which should go down i guess. After that there is fib 50% 1.4648 area which needs to be taken down if not we are about to bounce up and down a for some time because market need's to decide where its going ....

I will be long until 1.4770 and then i will see where we are heading probably down because the double top has formed, as you can see it from Fontu's charts.

Anyway's...
im close 4773 4762 4750 4739 ...throw it all away on low volume... its possible to pump it up.. im not ignoring the fact the trend is still up..and we are just between longer term channel of fibs (now at about 4856 and 4586) ..i need a low below 4480 ( first target 4422) bears are still in the middle of the pasture. were not in the woods just yet..bouncing back and forth a fortune can be made or lost..
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those who can, do. those who cant, talk about those who can
  • #151,145
  • Oct 11, 2009 12:25pm Oct 11, 2009 12:25pm
Quoting Alihuzaifa
dear chicky,

I have no idea how good trader you have been in last 8 years but i must appreciate you are a good blogger and a great orator any plans to start your own FX training institute or some website?

if again u blow up your account for any reason (god forbid) ill suggest start teaching people how to trade FX instead of trading your personal account.

thats what most FX guru does...lolllllllllllllllll
Very true my friend, Thanks for your kind words. I am a very lousy trader, have blown many accounts in the past and still suffer significant losses amid few profitable trades.

It is a good idea that I start teaching people than trading. I will consider that. I am no Guru but only a Chela (student).

I know very little about fx and probably have no idea how to trade this market, but one thing I can bet my life on is that Market is Never Wrong. I do not predict markets only go with it wherever it goes. I am sorry if you got an idea from my post that I predicted that market is going to go up in next few sessions. But I feel sorry for you if you think opening (or closing) any positions before Tokyo lunch won't be a gamble.
The Thief of Wall Street
  • #151,146
  • Oct 11, 2009 12:37pm Oct 11, 2009 12:37pm
Quoting sophiaphia
Initial bounce from the wma daily 50 over. Sticking with 20 above and 50 below....
This is an old post from Oct 1 ? when we got the bounce from the wma 50 on the DAILY. we are clearly above it now and above the 20 wma. For last week I was anticipating hit a high on Thursday (i posted) (big news day with also Trichet and Bernanke speech in evening) and we did that to over 1.48 level (I sold half of my position). Too bad I did not follow my method and go short for a quick 1.48 to 1.47. c'est la vie.

 

  1. Now I am average long entries 1.474 and 1.469 (posted Friday).
  2. IMO another Thursday high this week, 10,000 DowJ, 1100 SP500, 1.5 e/u pair.
  3. All of these numbers are roughly near weekly pivot R2.
  4. So it is DowJ 10,000 rally hat time and I do not see how we can do that in the face of a strong USD move this week.

----- Dragonfly out in the sun you know what I mean, don't you know
  • #151,147
  • Oct 11, 2009 1:09pm Oct 11, 2009 1:09pm
Quoting jckm
here are the trading plan to follow monday in EUR/USD

target from opening price - sell 1,4715-20: target to buy again - 1,4635 (see chart, here will be a false break)
love your chart
Pation is the Holy Grail
  • #151,148
  • Oct 11, 2009 1:14pm Oct 11, 2009 1:14pm
Quoting gatorinla
im close 4773 4762 4750 4739 ...throw it all away on low volume... its possible to pump it up.. im not ignoring the fact the trend is still up..and we are just between longer term channel of fibs (now at about 4856 and 4586) ..i need a low below 4480 ( first target 4422) bears are still in the middle of the pasture. were not in the woods just yet..bouncing back and forth a fortune can be made or lost..
could you help me with smthg please.. how do you put those price levels right on your horizontal trendlines on the right side? i mean if i want to show my trendline´s description it always shows on the left.. do you know what i mean? it would really help me.. thank you
Pation is the Holy Grail
  • #151,149
  • Oct 11, 2009 2:10pm Oct 11, 2009 2:10pm
Even though my broker is not open yet.....it shows price at 4732.....it closed on my other broker on Fri at 4702.....there will be a gap!
  • #151,150
  • Oct 11, 2009 2:13pm Oct 11, 2009 2:13pm
Quoting IMARICH1
Even though my broker is not open yet.....it shows price at 4732.....it closed on my other broker on Fri at 4702.....there will be a gap!
my broker opened at 4721
Pation is the Holy Grail
  • #151,151
  • Oct 11, 2009 2:37pm Oct 11, 2009 2:37pm
Quoting CzechTrade
my broker opened at 4721
This is what I got couple of minutes ago
Attached Image
The Thief of Wall Street
  • #151,152
  • Oct 11, 2009 2:43pm Oct 11, 2009 2:43pm
IBFX closed Friday at 4702. FXSOL closed at 4722 on FRI....

PRICE has gone as HIG at 4732 so far....now back to 4726

I am SHORT at 4705 since FRI
  • #151,153
  • Oct 11, 2009 3:03pm Oct 11, 2009 3:03pm
Love Sundays and IBFX.... 9 pip spread on EU
Attached Image (click to enlarge)
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Que
  • #151,154
  • Edited 3:54pm Oct 11, 2009 3:26pm | Edited 3:54pm
sweet, opened above the down H1 channel (drawn 10/8 high).

 

  1. new channel!!!?! (we would draw from 10/9 low)
  2. all US sessions

----- Dragonfly out in the sun you know what I mean, don't you know
  • #151,155
  • Oct 11, 2009 3:38pm Oct 11, 2009 3:38pm
Chicky,

Well maybe this thing will retest your levels before it falls....if it climbs, it will give me a chance to close my top most position.....

My 1hr has price moving up, 4 and daily has it still downtrend...

Quoting Chicky
This is what I got couple of minutes ago
In Charts We Trust!
  • #151,156
  • Oct 11, 2009 3:43pm Oct 11, 2009 3:43pm
Quoting X.Oden
Chicky,

Well maybe this thing will retest your levels before it falls....if it climbs, it will give me a chance to close my top most position.....

My 1hr has price moving up, 4 and daily has it still downtrend...
Check JPY major, it is showing the true picture. Euro move is just to recover protection money.
The Thief of Wall Street
  • #151,157
  • Oct 11, 2009 3:54pm Oct 11, 2009 3:54pm
Ha...you do the same thing I do, I check for correlation on other pairs...

Quoting Chicky
Check JPY major, it is showing the true picture. Euro move is just to recover protection money.
In Charts We Trust!
  • #151,158
  • Oct 11, 2009 3:54pm Oct 11, 2009 3:54pm
Quoting Chicky
Check JPY major, it is showing the true picture. Euro move is just to recover protection money.
[USD/JPY] spiked to a fresh 89.58 best amid chatter from the fixed income market that the Fed is testing reverse repos to facilitate draining bank reserves. First stops have now been tripped above 89.50, with more CTA related buy orders said to be in place through 89.70. We are not expecting a major breakout at this stage, as players will soon be eyeing the exit door ahead of the long US weekend.
those who can, do. those who cant, talk about those who can
  • #151,159
  • Oct 11, 2009 3:56pm Oct 11, 2009 3:56pm
someone can tell me how to put some words under my name?
  • #151,160
  • Oct 11, 2009 4:03pm Oct 11, 2009 4:03pm
Quoting gatorinla
[USD/JPY] spiked to a fresh 89.58 best amid chatter from the fixed income market that the Fed is testing reverse repos to facilitate draining bank reserves. First stops have now been tripped above 89.50, with more CTA related buy orders said to be in place through 89.70. We are not expecting a major breakout at this stage, as players will soon be eyeing the exit door ahead of the long US weekend.
My exit door below 84.00 eyeing at 100.00, may take months.
The Thief of Wall Street
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