EURUSD | Page 7720 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #154,381
  • Oct 20, 2009 11:46pm Oct 20, 2009 11:46pm
Quoting Spsantos
Not really, they work fine when one of the two are in one end of the spectrum (either weak or strong).

Using EUr/Gbp as a proxy is loosing importance.

Respectfully, there's no "fully" or absolute correlation, what worked yesterday may not work today.


We're in a tight spot, other than this, calling directions and such, is mere speculation, in all, what we live by.

you're wrong.
there is a mathematical correlation
The best thing that can happen to you is to find out where you're wrong.
  • #154,382
  • Oct 20, 2009 11:49pm Oct 20, 2009 11:49pm
Quoting Chicky
And what happens to american exports? The host of reserve.
You break it, you pay for it.
  • #154,383
  • Oct 20, 2009 11:54pm Oct 20, 2009 11:54pm
Okay folks, I'm on...

I want to sell this area right here.

It has been working for the past week and continues to do so
mainly on option barier protection, as well as verbal jawboning
from the EU and others. May not work forever (nothing does) but,
for now, until it stops happening ....it's still on.

Pip profits from prior sells will be committed to finance the risk.
Stops are above 150, but not too far above so as to protect some gain.

The sell zone is ~ between 14960 - 14970 AND...... it's a gartley if it prints this way,
but that's still tenative.
Attached Image (click to enlarge)
Click to Enlarge Name: eu_sub150.PNG Size: 33 KB
  • #154,384
  • Oct 21, 2009 12:01am Oct 21, 2009 12:01am
Quoting toshi
Okay folks, I'm on...
toshi in da house!

Welcome back, buddy.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #154,385
  • Oct 21, 2009 12:02am Oct 21, 2009 12:02am
I'll zoom in a bit....

Remember, it's ALL TENATIVE at this point because there's not enough order flow
to push it up 30/40 pips quite yet, but the night is still young.
Attached Image (click to enlarge)
Click to Enlarge Name: euro gartley.PNG Size: 40 KB
  • #154,386
  • Oct 21, 2009 12:04am Oct 21, 2009 12:04am
Quoting cobraforex
Hi Folks...
Free Trading801!
Not all sins are created equal
  • #154,387
  • Oct 21, 2009 12:05am Oct 21, 2009 12:05am
Quoting The Fool
toshi in da house!

Welcome back, buddy.

Hey fool !

I can't stay gone for too long. The ECB is holding some pips that belong to me.
I have to sneak in and get them while they're not looking.
  • #154,388
  • Oct 21, 2009 12:10am Oct 21, 2009 12:10am
Good night guys, good trading day for you.

I'm going to miss the party if London Market do something :S
  • #154,389
  • Oct 21, 2009 12:11am Oct 21, 2009 12:11am
Quoting Spsantos
Not really, they work fine when one of the two are in one end of the spectrum (either weak or strong).

Using EUr/Gbp as a proxy is loosing importance.

Respectfully, there's no "fully" or absolute correlation, what worked yesterday may not work today.


We're in a tight spot, other than this, calling directions and such, is mere speculation, in all, what we live by.
I use EURGBP to gauge which is weaker stronger between € and £. Today its £ stronger so cable should move more.
and it is moving by the looks of things.
rat
  • #154,390
  • Oct 21, 2009 12:11am Oct 21, 2009 12:11am
Whooop,

One more confluence,

The target falls on the 138% extension of tonite's tokyo action
that we can call a "b" wave. It's seems to be moving thata way right now.

The selling is picking up as well, so, a tug of war soon.
Attached Image (click to enlarge)
Click to Enlarge Name: euro gartley2.PNG Size: 41 KB
  • #154,391
  • Oct 21, 2009 12:12am Oct 21, 2009 12:12am
Quoting toshi
I'll zoom in a bit....

Remember, it's ALL TENATIVE at this point because there's not enough order flow
to push it up 30/40 pips quite yet, but the night is still young.
Hope short also work at that level , bear continuation so far in smaller tf .
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #154,392
  • Oct 21, 2009 12:14am Oct 21, 2009 12:14am
I see the euro-dollar going up to 1.500x region after which we can comfortably sell and hold till 1.4733 or lower this week. Sorry that there are no charts attached but all levels mentioned are pivot points (fibonacci). You can double check for yourself and then do as occassion serves. Happy trading!
  • #154,393
  • Oct 21, 2009 12:17am Oct 21, 2009 12:17am
Quoting fontu
Hope short also work at that level , bear continuation so far in smaller tf .
fontu

Fontu,

I have similar confirmation of CHF at 101.00 level almost to the pip.

Same 786/127/138 measurements.

I think it's no coincidence (is it ever ??) so, the money players have likely checked in @ work
and are "on the job". Even if I'm wrong here, I think the 150 and 152 Euro call options
are Soooo overpriced right now, I'd think about taking a stab at selling some of that premium too.

We'll see.....
  • #154,394
  • Oct 21, 2009 12:22am Oct 21, 2009 12:22am
Now, if none of this happens.....

We could bust right thru 150 and keep going
(not my 1st choice)

Or......

We may not make it past 14940, today's daily NY pivot

I'm hoping for the mid-point (14970) to let loose the beast.

Else I may be stuck selling into the fall past the low @ 4888, which is also Daily S1.
(also, not my preferred trade, but hey, we take what we get..)
Attached Image (click to enlarge)
Click to Enlarge Name: pivot.PNG Size: 29 KB
  • #154,395
  • Oct 21, 2009 12:29am Oct 21, 2009 12:29am
Good morning.
Autochartist pattern complete at 3.45 GMT. 1st target in the 1.4955 MR1 2nd target 1.4977 R1.
Attached Image
If you're not part of the solution then you're part of the problem.
  • #154,396
  • Oct 21, 2009 12:36am Oct 21, 2009 12:36am
It's not just the air that's thin up here, If tick volume drops anymore I'll have to start calling it a vaccum.
  • #154,397
  • Edited 12:59am Oct 21, 2009 12:36am | Edited 12:59am
Autochartist pattern complete at 4.00 GMT on 1H. We might see a retest of the upper resistance. Convergence on the stochastics.
The same triangle pattern on 15M.
Attached Image
If you're not part of the solution then you're part of the problem.
  • #154,398
  • Oct 21, 2009 12:42am Oct 21, 2009 12:42am
Quoting toshi
Fontu,

I have similar confirmation of CHF at 101.00 level almost to the pip.

Same 786/127/138 measurements.

I think it's no coincidence (is it ever ??) so, the money players have likely checked in @ work
and are "on the job". Even if I'm wrong here, I think the 150 and 152 Euro call options
are Soooo overpriced right now, I'd think about taking a stab at selling some of that premium too.

We'll see.....
May be but real trend is still bull very strong without any exhaustion & though everybody expects an honourable retracement only.1.5 call once there & everbody feels it must be there & May be much more even join the even ending trend up for 9 years .Eur may be overpriced or usd extreme under priced any can do.

We simply can follow the market & do as per ,God bless all of us .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #154,399
  • Oct 21, 2009 1:19am Oct 21, 2009 1:19am
there is a divergence on H4, so my prediction is that we will reach ~1.5015 and then we will go down to atleast 1.4800
  • #154,400
  • Oct 21, 2009 1:34am Oct 21, 2009 1:34am
I have a coupon for 2 cents off the purchase of euros (family size).
Problem is, I ain't sure I'd want 'em at that price either.
It's a 50 % retrace from the NFP lows (Oct. 2nd) to yesterdays highs.

Was happy as a pig in slop to go long in the 130's ... all the way to 140 we looked good.

Since 140, I've been looking for weakness and it just didn't materialize.
So the pips have been harder to come by when you're fighting the mkt.
Ugly summer, I'll tell you. Anyway, against some other currencys however,
the euro took a beating. AUD and NZD and CAD to name three.
As for euro vs USD and Pound, well, it has been like petting a porcupine.

SO, if I can pull some pips from the E/U, as a matter of principle, I like to take them from the short side,
If there is a short opprtunity. If none is there, then certainly no trade, or very small trade as a tester.

1,000 pips ago, many here (myself included) figured the euro had run up enough
to earn a significant retrace, perhaps back to the 135/137 level. We didn't get it.

For every pip I've made this past summer (in Euro Dollar) I probably gave back atleast half a pip
trying to catch a fall. Luckly, I spent a fair amount of time with the Yen
since 95/96 dollar yen and it took up the slack, but still, what a road to travel....

Perhaps now, some of the commercials who have been holding massive dollar positions
will get to come up for air, if only briefly, as the year is coming to a close.

It's consumer season and everybody wants to sell their stuff this holiday.
Could be a race to see who can have the weakest currency by the end of the year.
Attached Image
289 traders viewing now