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  • #228,161
  • Apr 20, 2010 5:32am Apr 20, 2010 5:32am
USD appears to be in early wave 5 on Daily chart (bull flag). I expect a double bottom at 80 zone to initiate a move to re-test 2008 close of 82.5. That means that Euro ought to re-test 1.36+ zone and fail, failure most likely will bring re-test 1.32s. Soon resolution will take place of 1.3266 or 1.3818 break. I expect the former as it is still a downtrend, but can not exclude attempts to have a relief rally on the other hand.
Prices oscillate, trends persist. Trend is your friend.
  • #228,162
  • Apr 20, 2010 6:04am Apr 20, 2010 6:04am
Quoting realjumper
Anything interesting on the jpy/usd news front TC?

Well - sorry - I am not TCAT - and I do not have some news about USD/JPY - but I can tell you what I expect from intraday prospective with this pair.


Further upside attempts towards 93.05 - 93.12 in the cards at first. If not breached beyond 93.35 (unlikely) then back towards 92.50 - 92.15 or even down towards below 91.90 - 91.84 possible again.


Corrective sell down activity later possible.


bibib
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #228,163
  • Apr 20, 2010 6:07am Apr 20, 2010 6:07am
Quoting jsspmk
USD appears to be in early wave 5 on Daily chart (bull flag). I expect a double bottom at 80 zone to initiate a move to re-test 2008 close of 82.5. That means that Euro ought to re-test 1.36+ zone and fail, failure most likely will bring re-test 1.32s. Soon resolution will take place of 1.3266 or 1.3818 break. I expect the former as it is still a downtrend, but can not exclude attempts to have a relief rally on the other hand.
For usdx, it would not surprise me seeing 79.50 levels before the summer... but may be a little high 1 week ahead (low prob for latter)...
as i think the 5 up wave finished couple weeks ago at 82 level, but everything possible... good luck!
  • #228,164
  • Apr 20, 2010 6:09am Apr 20, 2010 6:09am
Quoting realjumper
Anything interesting on the jpy/usd news front TC?
YEN: Opened in early Europe around Y92.63 and Y124.89
-- Dollar-yen has had a relatively quiet European session after rallying
overnight in Asian trade. The pair continued the rally higher trading
up to Y92.90, however offers ahead of Y93.00 capped and talk of more
offers at Y93.10 ensured the pair remained between Y92.53-Y92.90 for
the morning. Cross-yen dipped initially with euro-yen trading down to
Y124.50 level from an open of Y124.89. The dip was bought as traders
reported an increase in risk appetite from investors and, despite
Greek bond spreads blowing out to new multi year highs, euro-yen
managed to rally, taking out resistance at Y125.10 level to trade up
to Y125.47. The cross stopped just shy of Y125.50 as offers here
coincided with the euro rallying to $1.3515 which was also said to
hold offers. The cross pulled back to Y125.20 before settling ahead
of Y125.50, traders noted that the 50% Fibonacci retracement of the
Y127.67-Y123.14 sell off came in at Y125.40 and was providing a
reason for longs to take profit.

Provided by: Market News International
Trade on your own risk Plan your trade&trade your plan dont be a
  • #228,165
  • Apr 20, 2010 6:12am Apr 20, 2010 6:12am
Still shorting EUR/USD
  • #228,166
  • Apr 20, 2010 6:13am Apr 20, 2010 6:13am
todays action felt weird, almost as if there was some euro denominated deadline on noon and someone had to buy enough euros to meet it. did not look speculative at all, just pure demand
  • #228,167
  • Apr 20, 2010 6:23am Apr 20, 2010 6:23am
2
Attached Image (click to enlarge)
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Trade on your own risk Plan your trade&trade your plan dont be a
  • #228,168
  • Apr 20, 2010 6:26am Apr 20, 2010 6:26am
Quoting Trading Cat
YEN: Opened in early Europe around Y92.63 and Y124.89
-- Dollar-yen has had a relatively quiet European session after rallying
overnight in Asian trade. The pair continued the rally higher trading
up to Y92.90, however offers ahead of Y93.00 capped and talk of more
offers at Y93.10 ensured the pair remained between Y92.53-Y92.90 for
the morning. Cross-yen dipped initially with euro-yen trading down to
Y124.50 level from an open of Y124.89. The dip was bought as traders
reported an increase in risk appetite from investors and, despite
Greek...

Thank you for your post from MNI !

Intersting as well. I think it is a component unit of your SAXO-TRADER in the news section there. Am I right ? !

Or is it possible to obtain this via their WEB-Site as well ?

I do not think so.



http://cdn.forexfactory.com/images/icons/icon5.gif
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #228,169
  • Apr 20, 2010 6:27am Apr 20, 2010 6:27am
matter of fact. saxo trading advice fails 90 % of the time. please test them on demo and not on real accounts to learn this as i did
Andreyou
  • #228,170
  • Apr 20, 2010 6:29am Apr 20, 2010 6:29am
Price breakout the confluence fibo area, i think as long as price remain above the level, more upside is expected.
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  • #228,171
  • Apr 20, 2010 6:30am Apr 20, 2010 6:30am
Quoting andreypu
matter of fact. saxo trading advice fails 90 % of the time. please test them on demo and not on real accounts to learn this as i did
So why you don't trade against it and have a 90% correct system....!
  • #228,172
  • Apr 20, 2010 6:30am Apr 20, 2010 6:30am
Quoting mercy seat
Thank you for your post from MNI !

Intersting as well. I think it is a component unit of your SAXO-TRADER in the news section there. Am I right ? !

Or is it possible to obtain this via their WEB-Site as well ?

I do not think so.



http://cdn.forexfactory.com/images/icons/icon5.gif
its in the saxotrader in the streaming news window. As far as I know its not available through their website.
Trade on your own risk Plan your trade&trade your plan dont be a
  • #228,173
  • Apr 20, 2010 6:32am Apr 20, 2010 6:32am
http://chart.ly/zq3mx6
EurUsd hr price action responding very well to whole number S/R levels 1.3500 & 1.3550
  • #228,174
  • Apr 20, 2010 6:32am Apr 20, 2010 6:32am
FX: Option expiries for today's 1400GMT cut,
* Euro-dollar; $1.3400, $1.3450, $1.3500, $1.3550
* Dollar-yen; Y92.25, Y93.00
* Cable; $1.5200
* Euro-sterling; stg0.8750
* Aussie; $0.9155, $0.9200, $0.9280, $0.9325
* Kiwi; $0.7130
* Dollar-Canada; C$1.0150

Provided by: Market News International
Trade on your own risk Plan your trade&trade your plan dont be a
  • #228,175
  • Apr 20, 2010 6:36am Apr 20, 2010 6:36am
Quoting Borak
For usdx, it would not surprise me seeing 79.50 levels before the summer... but may be a little high 1 week ahead (low prob for latter)...
as i think the 5 up wave finished couple weeks ago at 82 level, but everything possible... good luck!
I should have mentioned that when I say wave 5 within bull flag I mean on daily chart.
Prices oscillate, trends persist. Trend is your friend.
  • #228,176
  • Apr 20, 2010 6:37am Apr 20, 2010 6:37am
If dark cloud candle setup hold $eurusd hr, I'll be looking to enter on a short position.
  • #228,177
  • Apr 20, 2010 6:41am Apr 20, 2010 6:41am
Quoting Platypus
So why you don't trade against it and have a 90% correct system....!
Pretty happy with my own system, thank you., fact is saxo advice is based on entry points rarely touched after the advice appears.
Andreyou
  • #228,178
  • Apr 20, 2010 6:45am Apr 20, 2010 6:45am
It's above pivot, so 80% chances EU going higher 20% lower.

I'm trying to get Long Entry on EU from above Pivot to below 1.3480 area, if possible.
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  • #228,179
  • Apr 20, 2010 6:46am Apr 20, 2010 6:46am
Quoting andreypu
matter of fact. saxo trading advice fails 90 % of the time. please test them on demo and not on real accounts to learn this as i did

Well - I do not agree with you in this case. I know - that they are often stopped out - if you stick to their levels by looking for their entry and exit levels with a visulet-lens.

But it is interesting to see - that they re-inforce their view again and again - just adjusting the entry levels a bit to the upside once more.

Overall - they stick to their plans.

Nobody must jump into the market just because another party has mentioned / suggested this.

And exactly - as someone has been saying here already - why not use it as a kind of COUNTER-INDICATOR then ? !


But as we all need our own systems - to keep on beeing on the sunny side - it is interesting to see what they think.


Just for a try to understand what is behind these levels - that they suggest there.



Schon in Ordnung und OK !


http://cdn.forexfactory.com/images/icons/icon1.gif


Ich mag das Zeug von denen.
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #228,180
  • Apr 20, 2010 6:53am Apr 20, 2010 6:53am
Quoting SkyzerFX
It's above pivot, so 80% chances EU going higher 20% lower.

I'm trying to get Long Entry on EU from above Pivot to below 1.3480 area, if possible.
I have to admit my hedge was/is placed badly and a long at 3480 now looks attractive I will do the same and go net long at 80.
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