EURUSD

I had to think about that one. Man I am getting old.

helooo guys how are you
what a nice day it was in trading the gold hehe
but now i moved to euro so what do you think will be the next
move of our beloved pair currency hehe

Anyone think this is a buying opportunity in the XAU/USD? I look for a confirmation from EUR/USD, and the plunge in gold today was not matched by the Euro, percentage wise; it barely budged relatively speaking! So I went long at 1127.

1140 seems to be a key S & R line, so I'm betting on a move back to there in the next 12 hrs. anyone, thoughts?

lol. that's funny! True.

I have a couple of kiwi and aussie friends. lol.

hate market not moving... just do up spike to 1.4560....

hmmm, I'd bet( but not much! lol) on a ride to 4440 before that spike...

Waiting for my long entry.
heading down, and move slowly to reach the support level.
The problem is … where it ill bounce up?
I guess it will be before 1.44
Any idea?

IMO it will be between 4430 and 4450... its an area where hourly a daily fibs coincide...

Daily Market Scenario & Strategy - Wednesday, January 13, 2010 (Setup -- Rolling 24-hour rates)



EUR-USD

Intraday setup + scenario:

EUR-USD

1.4485* Structure might prefer a move down towards 1.4464 - 1.4443 at first while 1.4510/ 16 - 1.4524 or 1.4536 area may offer resistance. Otherwise one more impulse or attempt towards 1.4539 - 1.4555 or even above 1.4568 - 1.4577 is possible again. A clear break of 1.4588 would be a bullish trigger ...



GOOD LUCK !

long scalping @ 4469

Not a bad trading day today. Quite a few signals.

Here's my chart for the day. If you can focus in and keep it simple while remaining patient and managing your risk, this pair can be very easy to trade.

I may be right, I may be wrong, but I'm sticking to my guns. We'll say 4420/4414.

Short from 4512.

closed.
few pips

Shorting from .4474...nothing exciting happening yet.

EUR-USD Setup & Strategy - Wednesday, January 13, 2010





0.0093 Écart

1.4629 1.4589
1.4588 1.4555
1.4546 1.4520
1.4536 1.4504 UPSIDE

1.4495 1.4500 PIVOTAL ZONE

1.4443 1.4495 DNSIDE
1.4453 1.4479
1.4402 1.4444
1.4350 1.4410

Entry-point Key-point
1.4522 > 1.4528



Elliott : elongated flat correction up 1.4560



EUR-USD Scenario - Wednesday 13 January 2010



1.4485* Structure may prefer a move down towards 1.4464 - 1.4443 at first while 1.4510/ 16 - 1.4524 or 1.4536 area may offer resistance. Otherwise one more impulse or attempt towards 1.4539 - 1.4555 or even above 1.4568 - 1.4577 is possible again. A clear break of 1.4588 would be a bullish trigger ...



Warning: Harami



Warning: Engulfing pattern

Warning: Low Zone




### Rollover-close (Last Day)




1.4528 Key-point
1.4522 Entry-point
1.4264 Elliott; Key-point
1.4485 Last (Spot)
1.4560 Elliott; Projection
1.4515 Trendline-point 1
1.4548 Trendline-point 2




;-)

Break of below 1.4402 would open the downside of course...

3 hour chart knocking on s/r level 1.4450 , goes under that it is back in 1.4450 to 1.4300 channel. Could even hit channel bottom by end of week based on lovely 4 hour double bottom formation on dx ( 2nd chart)

Earnings season is on us and nothing is set in stone so make sure mm is used and those stops

I think it'll continue till 1.4250

How did you guys change the "DEFAULT MAX BAR SIZE" on MT4?

Thx,

Donnie

Can't beat that classic .

How many World Cups have the ABs won?

Well closed out after collecting a measley 7 pips. *shrug* downward movement seemed to run out of steam.

When is this big upward spike supposed to happen?