EURUSD

Looking at the weekly chart of the eu it looks like a http://www.fxwords.com/b/bullish-tri...ndlestick.html.
In the Illistation they talk bout daily candlesticks. but here we have it on a weekly .

could this be what is happening?

Click on my sig, the trades are verified independently from the broker site, thats real money, with real deposits and withdrawals. And yes I had a big drawdown one time, but I learned from it brother. And I am long Euro too right now.

Not a good idea to short EU tonight...or for that matter all this week. IMFHO.

Thanks for your charts.....helpful as always.

I agree with what you're saying, and my personal take on the current situation is that this market manipulation that we are currently experiencing makes analysis for the bears and the bulls as very difficult indeed. I'm not going to second guess the people who expect this pa to take off north at some stage, they may well be correct....many people in that camp are so much more experienced than I.

I having said that, I see no fundamental reason for a trip to the upside. Not so long ago there was a record number of traders going on the short side....the pa was way oversold etc etc etc. What's changed? In the fundamental arena....nothing has changed as far as I can see. On the technical side, massive indecision over the past few weeks has caused the PA to virtually stall. Now some traders are looking towards the upside and the PA is no longer oversold. The market manipulation has worked!!

Once those who have the power to stall the trend release their grip, I can see the trend resuming. Why? Because there simply is no reason for the EU to race off north. The USD is slowly but surely making headway, and EU is slowly but surely declining. Yes the USA economy is still in difficult times, but it is slowly making gains. On the other hand, the EU economy is still in deep shit, and it's sinking deeper every day. The only reason the PA doesn't reflect this is due to market manipulation/interference. This manipulation/interference is unsustainable and sooner or later the 'powers that be' will HAVE to release their grip.

Of course I can be wrong, but until I see 1.4200 + I will remain on the short side.

No need to post charts because other have already done so.

Chart.

Don't get too excited if it goes up a little today or tomorrow....it has nothing to do with volume or the COT reports...it has to do with Zarkozy talking crap saying that France will help Greece if needed and that he will help curb speculators....I wonder how France is going to curb speculators...and why are speculators the cause of every problem in the world?

http://www.forexfactory.com/showpost...stcount=207656

I have added the FE to the charts.
This should be a very interesting week / month.

and what if gold and oil goes up and make new highs this month? Oil is poised to go up to 85 this month

That alone should depreciate US dollar

Gatorinla,

Where did get the MT4 USD Index chart. I mean which MT4 borker is offering USD index signals ? Is it live or delayed Price action ?

Thanks.

Lemans

Try Broco. May be also IbFX has it.

Fundementaly it is not going great weather you live in eu or usa, or wherever you look at it. The world is a debt ridden. At the end of the day its big institutions buying and selling the currencies. If they want a strong or weak currency they will buy or sell that one.

If that was for me, a weaker $ does not mean much to the SPX & DJ.
See the attched DX chart & compare with the others.

Next big move is in the USDJPY, currently very low volatility (+), very close to major support (+), divergence on monthly chart (+).

Will be betting the farm on this one.

for the last 4 weeks you have been screaming voulume this, and elliot wave that, 1.5 and 1.4. Then when the market drops we don't see your'e postings again, until it starts to make a subtle rise. Then here you come agaun with the same speak. Anytime someone offers a different view you barrage them with charts showing the same thing as if you intend tomake them change their opinion. You then go on to talk about how Soros is lying, and that he's not doin this and that, makes me wonder if you feel you trade better when you have a bunch of folks jocking you? EWell like I told you before You had some pretty decent analysisin the gy thread, but I'll leave it at that. In regards to voulme spread analysis, I have been studying that for about as long as you have. I was one of the first people to puithat sfo article in the forums a couple of years back, but just because I know it and a lot of others don't, doesn't mean it is absolutely correct. Besides, I have read that vsa is not totally accurate in regards to currency trading. Now back to the topic at hand, If I claim a direction week in and week out, I will eventually get it right too. Peace out!

Tony...

what is your issue ??? I am just trying to cover the markets as best as possible , that is why all the charts with explanations / symmetry of patterns etc etc etc . If you do not want to see it .. simple put me on ignore.

I guess 4 dojis in a row is not a sign of retracement on a weekly on its own ?

Go back and read my post and what I have said. I have said I am buying dips off 1,350 to 1.3450 unless we get a daily close under 1.3450 and that is what I have been doing.

I have given valid reasons why which I must say is more than you have done.

So back to point in hand .. what is your issue with that ????

I am not an ew trader , but I must say I cannot ignore the weekly volumes on futures on 4 dojis. IF you understand VSA and as you say you been using it for a long time then you will understand what the implications of this chart are.

Why not post what you think ? I posted a chart of CBOT reports that you mentioned but you did not respond. My Masters Degree is in engineering and I have a high level of math and as far as I saw in those reports the slope of the longs has risen rapidly on the last report , in fact it took just one week for 3 weeks worth of downward results in the longs to be taken out. Instead of a proper intellectual response from you I get a bs attack again . I do not use the CBOT reports that you mentioned .. but the change in long positioning is clear to see when plotted on a graph. Enough said.

good evening, folks.

1.3550 who me on that tomorrow on eur

Good Morning/Evening traders all over the world.

BERLIN (AFP)--The European Commission and the EU's biggest economy, Germany, are planning to create a "European IMF" that could rescue debt-hit countries like Greece, officials said in interviews on Sunday.
"The (European) Commission is ready to propose a European instrument like this that would have the support of eurozone members," the EU's Economic and Monetary Affairs Commissioner, Olli Rehn, told the Financial Times Deutschland.
Rehn emphasised the financial aid would be linked to "strict conditions."
"We are working closely on this issue with Germany, France and other EU member states," he added in the interview, which is to be published on Monday.
Italian President Giorgio Napolitano and German Finance Minister Wolfgang Schaeuble have also suggested the creation of a European version of the Washington-based International Monetary Fund.
The IMF gives out emergency loans to countries with troubled finances.
"We're not planning an institution that would compete with the IMF, but for the internal stability of the eurozone, we need an institution that has the experience and power of the IMF," Schaeuble told the Welt am Sonntag newspaper.
"We should calmly discuss the consequences of the Greece crisis and should not rule anything out, even the creation of a European Monetary Fund," he said in the interview, which appeared on Sunday.
"I will shortly be making proposals on this topic," added the minister.
Weighed down by a deficit over four times the EU's limit, Greece has initiated a raft of austerity measures, including sweeping tax hikes and deep cuts in public spending.
The emergency action has sparked protests and nationwide strikes that have affected air and ground transport, as well as schools and hospitals.
On an international level, the crisis has weighed heavily on the value of the common currency, the euro, on the financial markets.
Napolitano called for the creation of a European monetary fund to help eurozone nations in trouble during a visit to Brussels last week.
"The European Central Bank (and) the European institutions are aware that there's something missing from our common tool box to tackle unforeseen and serious crises in one of the eurozone nations," he said.
Socialists in the European Parliament have also called for the creation of a such a fund to be managed by the European Investment Bank.
Under their scheme the EIB, Europe's lending arm, would borrow from the market at a reasonable interest rate. Countries in crisis could then borrow these funds at a similar rate as others are able to do.
Such a system would protect the eurozone against speculative attacks and create conditions in which a sovereign default by any eurozone member state "is clearly judged impossible by the markets," the European Socialists said.