EURUSD | Page 8836 | 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

  • #176,701
  • Dec 31, 2009 7:51am Dec 31, 2009 7:51am
1345 GMT [Dow Jones] Dan Greenhaus of Miller Tabak says the drop in claims paints too rosy a labor picture.
First, seasonal factors skew late-December data. Second, history shows new and continuing claims should move in tandem.
But the broad measure of continuing claims (including emergency benefits) is still rising, says Greenhaus.
He writes, "while initial claims have improved, suggesting firing is waning, total continuing claims have remained elevated
over 9.8 million since mid September suggesting the pace of hiring is lagging." (KGM)
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #176,702
  • Dec 31, 2009 7:54am Dec 31, 2009 7:54am
gu break of 6185 will hopefully help eu sink a little more. it's still holding though.
dreams do come true.
  • #176,703
  • Dec 31, 2009 7:55am Dec 31, 2009 7:55am
Quoting SkyzerFX
Bonds are clueless, cause rates will not be changed in 2010, you can write this down

on the wall.
demise of eu may not come from usd

what is worse .. euro or usd ?


trade the charts and here we are again after testing supply zone 1.4440 we are now knocking on 4360's resistance door.

as long as this volatility remains that is all we need. Does not really matter what usd or euro do , as long as we get good movements each day to take advantage of.
Blogging daily now at www.volume.zone
  • #176,704
  • Dec 31, 2009 7:56am Dec 31, 2009 7:56am
Quoting SkyzerFX
Bonds are clueless, cause rates will not be changed in 2010, you can write this down

on the wall.
if fed raise interest rates any more then dollar is screwed so i hope they do. it increases inflation and make it more expensive to borrow bad for buissness.
  • #176,705
  • Dec 31, 2009 7:58am Dec 31, 2009 7:58am
Quoting SkyzerFX
1345 GMT [Dow Jones] Dan Greenhaus of Miller Tabak says the drop in claims paints too rosy a labor picture.
First, seasonal factors skew late-December data. Second, history shows new and continuing claims should move in tandem.
But the broad measure of continuing claims (including emergency benefits) is still rising, says Greenhaus.
He writes, "while initial claims have improved, suggesting firing is waning, total continuing claims have remained elevated...
haha. bulls are quick on calling bull. Yeah well, it's almost blatantly obvious they needed a rosy picture to keep in the 4hr outer bear channel.
  • #176,706
  • Dec 31, 2009 7:59am Dec 31, 2009 7:59am
Quoting malcolmb14
what is worse .. euro or usd ?
I don't know what is worse, but I do know what FED needs,

to keep doing what they are doing and that's Inflation and weak Dollar.

And to achieve that, then need lowest interest rates possible for as long as possible.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #176,707
  • Dec 31, 2009 8:03am Dec 31, 2009 8:03am
Very suspecious pa , stall arround 1.4380 & if bounce cab go to the top & break up as a part of the previous buy set up.or can back from 1.44 also & bear continue to arround 1.4355 where the same doubtfull action may happen.

fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #176,708
  • Dec 31, 2009 8:03am Dec 31, 2009 8:03am
selling again at 1.4410
dreams do come true.
  • #176,709
  • Dec 31, 2009 8:07am Dec 31, 2009 8:07am
Relative strenght

GPB 7.3 (Strong)
CHF 6.0
CAD 6.0
AUD 6.0
JPY 1.0 (Weak)

EUR 4.0

USD 3.3

Only EUR lagging so far, every other currencies are higher against the Dollar
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #176,710
  • Dec 31, 2009 8:08am Dec 31, 2009 8:08am
Quoting malcolmb14
sky ... yes gbp has moved 400 pip for what ? they have raised rates ? they have stopped quantitative easing ?

and lets get this in perspective ....a 6 week downtrend ends on LOWEST volume of December , with NO gdp news at all . DX is still hovering around 78 and came off yesterdays high by ONLY 50 cents.

This appears to be setting up in mother of all bull traps.

If you wanted to short the crap out of something would you mark it up under low volume to get a better price. In fact according to charts most pros stopped buying at 1.6100 and have...
malc im a newbie when it comes to volume but i did notice a bit of accumulation on cable when the new low happened yesterday. it seems no real selling was happening. couple that with the fact that its year end and a possibility of profit taking and thats my explanation for this whole deal.

also gbpjpy been buying since 146 because i have been seein accumulation taking place also. waited for the triangle to break and those past few days have been good.

im just saying that cable could still move back up to that big old range and reach the mid 60s

as for euro im not sure what will happen but im deff not seeing selling taking place on the shorter timeframes. the regular profit taking of the big drop in euro hasnt been met by sellers yet so in my opinion it could continue up for now

not doin anything here but stating the possibility of another scenario. afterall i learned all the vsa from you mainly and a lot of other stuff
  • #176,711
  • Dec 31, 2009 8:12am Dec 31, 2009 8:12am
Quoting SkyzerFX
I don't know what is worse, but I do know what FED needs,

to keep doing what they are doing and that's Inflation and weak Dollar.

And to achieve that, then need lowest interest rates possible for as long as possible.

I agree ... the dj still moving up is a joke. USD is a joke. I somehow do not think that us will allow USD to fail. If they do there will be a currency crisis

profits are down 35% and yet every investors throw money into markets due to usd being weak and they can go borrow as much as they want , even if they live in a box. Not only that but I say bring back mark to market)Nov alone US banks had about 35 to 65 billion of losses due to foreclosures) and this to big to fail bs .... is just that bs . If you are broke you are broke.

The us is in a hell of a mess. euro it turns out is falling aprt ... the UK .. well most Brits have been squeezed out and is now full of Balken countries population using and abusing the welfare system . For 300 jobs at a Tescos close to my parents house there were 4000 applicants

In fact if any thing i would take all usd , eur , gbp and buy aussie or nzd instead. Better yet bury my head in the sand and think ' cherry pie cherry pie ' due to fact if i think about what is really going on in the global economy I get very sacred.
Blogging daily now at www.volume.zone
  • #176,712
  • Dec 31, 2009 8:16am Dec 31, 2009 8:16am
Good, that you remind me of this: "sky ... yes gbp has moved 400 pip for what ? they have raised rates ? they have stopped quantitative easing "


Cable was trading 1.64-1.67 not too long ago without none of the above,

so consider that it's drop too much and corrects.

Buy low sell high, logic, plus charts.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #176,713
  • Dec 31, 2009 8:19am Dec 31, 2009 8:19am
Quoting SkyzerFX
I don't know what is worse, but I do know what FED needs,

to keep doing what they are doing and that's Inflation and weak Dollar.

And to achieve that, then need lowest interest rates possible for as long as possible.
euro is not the only currency dollar is traded against.

Fed follows market mate, market will raise rates whether bernanke likes it or not.
  • #176,714
  • Dec 31, 2009 8:20am Dec 31, 2009 8:20am
there was stopping vol on 60 min at 1.5865

BUT look at your 60 min the highest vol on way up was 1.6000 since then we have low volume move up , almost seem like bull trap.

I shorted this morning .

Quoting boxingislife
malc im a newbie when it comes to volume but i did notice a bit of accumulation on cable when the new low happened yesterday. it seems no real selling was happening. couple that with the fact that its year end and a possibility of profit taking and thats my explanation for this whole deal.

also gbpjpy been buying since 146 because i have been seein accumulation taking place also. waited for the triangle to break and those past few days have been good.

im just saying that cable could still move back up to that big old range and reach the mid 60s

as...
Blogging daily now at www.volume.zone
  • #176,715
  • Dec 31, 2009 8:21am Dec 31, 2009 8:21am
Quoting malcolmb14
I somehow do not think that us will allow USD to fail.
I'm not saying it should fail like in 2-5 years or so, but FED just

doing it's job. Keep rates low and Dollar low, overall Helps the Economy

and helps them to make payments on the Debt as well. SO, it's kind of

strategy. Bernanke good at that, maneuvering between Angry US debt

holders and printing press.. Show must go on...
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #176,716
  • Dec 31, 2009 8:24am Dec 31, 2009 8:24am
this 30 min may give you some thoughts on eu

supply coming in at prior are of supply 1.4440. Good sell zone.


Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 182 KB




Quoting boxingislife
malc im a newbie when it comes to volume but i did notice a bit of accumulation on cable when the new low happened yesterday. it seems no real selling was happening. couple that with the fact that its year end and a possibility of profit taking and thats my explanation for this whole deal.

also gbpjpy been buying since 146 because i have been seein accumulation taking place also. waited for the triangle to break and those past few days have been good.

im just saying that cable could still move back up to that big old range and reach the mid 60s

as...
Blogging daily now at www.volume.zone
  • #176,717
  • Dec 31, 2009 8:28am Dec 31, 2009 8:28am
I'm not leaving my positions open over New Year.. Will comeback

And trade by Charts from New Year, I have good setup, works well,

seems like it

Happy New Year to all !!!!!!!!!
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #176,718
  • Dec 31, 2009 8:32am Dec 31, 2009 8:32am
I love debating with you in the long term item but 90% i am a day trader trading off a 15 min chart.

I use vsa and trade 15 min charts .... today was 30 pip sells eu and gu

I trade 5:30 am to 8 am pst ... mostly. aiming for 50 pip a day. 1000 pip per month . Dec was ok month for me at 1300 pip.

also this is interesting Jim Rogers talks about a dollar short squeeze ... he has been 20 year dollar bear. This is what i am thinking also ... short squeeze dollar strength to dx 90.xx and then tankage

http://thehackensack.blogspot.com/20...llar-bull.html

Quoting SkyzerFX
Good, that you remind me of this: "sky ... yes gbp has moved 400 pip for what ? they have raised rates ? they have stopped quantitative easing "


Cable was trading 1.64-1.67 not too long ago without none of the above,

so consider that it's drop too much and corrects.

Buy low sell high, logic, plus charts.
Blogging daily now at www.volume.zone
  • #176,719
  • Dec 31, 2009 8:33am Dec 31, 2009 8:33am
Target, not, yet, reached. Morning!
  • #176,720
  • Dec 31, 2009 9:04am Dec 31, 2009 9:04am
Price arround 1.4355 area & upside still can happen. closed shorts already.
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
3,336 traders viewing now