EURUSD

Right now I am considering the long term trend UP on this pair. It is not DOWN anymore. But we should be getting some corrections to the short side soon.

Jim

Dude... you really need to drop this infatuation you have goin on with that notalentfx guy or at least keep it to yourself and OFF this thread.

No one here cares about your opinion of him, or wants to have his proxy trying to carry on in his enforced absence.

You may consider this your one, only, and last warning to Drop it as of the post I quoted above. In other words... the NEXT time is your last time, including any Debate you may want to have with me about this post. I'm not interested and neither is anybody else.

I can and most certainly WILL give you the same Time Out someone else gave him and then you can plead your sorry case to Twee if and when he has time to get a'rd to you. I trust this was clear enough for you...

50% retrace of the last move down is in the 2790 area....will wait to see how this plays out in time and space.

With an eye on the UC.... as well

it hasnt even broken the daily TL, let alone closed above it.............

Yea, man I know, but I have my own indys that are tried and true. And I understand that technically it is still in a down trend. However, All I said was in my view, this pair is in an uptrend. I am buying dips guys. I just want you to understand that I understand.

Jim

Exactly... 100 day moving average. But I left it as 2950 for whole numbering sometimes you may not get to 61.8. We are about 10 pips away from Gators 2711... lets see if it can break it.

Edit: I see we are also hitting the major trendline... Good to go short right now with small SL... but from price action looks like going back up

J

Here is my long term trend identifier. Oh, by the way, I Just bought again looking for another 25 pips.

May be one explanation could be that the market price was at monthly EMA200 and this monthly candle is now going up to EMA120 and has reached this 120 line just now. So we don't have good probabilities where prices could go at the moment, may be 200 or 300 pips further up, may be down. Fundamentals are abymal like the whole european financial mega-bad desaster. If EUR will coming more upwards (getting stronger) there could be only speculative interests playing his cards at the money market in my mind. (Then we could see the incredible 1.2950 marker of the absolutely worthless euro).

I'm sure there are 100 of others arguments and contra's.

I think people also need to remember for the last 9 months or so of this downtrend, most of the bad news coming out of the US has already been baked in or anticipated. This thing was going down because a colossal mess was outed in Europe. Prior to this mess euro was rallying vs. the dollar under the assumption that things were better in Europe. My point is that the run down was justified. It was supported fundamentally. Nothing has fundamentally changed in Europe in the last month to justify a reversal. I'd be the first to agree with anybody that a decent breather was needed, but I can't see this full blown reversing back to early 2010 levels. It feels to me like people are operating under the assumption that less bad news coming out of Europe = they have solved their problems and this isn't true. This feels like a run on emotions to me. Eventually people are going to remember why they were selling euros in the first place and realize those reasons haven't changed.

second bounce off my probably badly drawn daily trendline... Wondering if I should get in and walk...

Hugging the top of my 50% line in the 15min up channel..

just sold another position.

and it's time rest the bones.

have a nice (falling) Asian session. see u in London (or the caribean or bora-bora)

hapipipin to u all!

now im short

http://cdn.forexfactory.com/images/attach/pdf.gif 2010-07-09_ASIA DAILY FOREX OUTLOOK - Majors (01h30 CET).pdf (14.6 KB)

EUR/USD :

EUR/USD -to consolidate with positive bias amid improved investor risk sentiment. No FX impact from yesterday's widely-anticipated ECB decision to keep it main policy rate at 1%. EUR/USD supported by moderating investor concerns over debt-laden euro zone as authorities' release of details of stress tests (such as 17% haircut on Greek government bond holdings) on 91 European banks boosted market confidence in region's banking system; strong 2.6% on-month rise in German May industrial output (vs +1.0% expected). But EUR/USD gains tempered by positions adjustment before weekend. Data focus: 0600 GMT German June CPI, German May manufacturing turnover. EUR/USD daily chart positive-biased as MACD & stochastics bullish, although latter at overbought; suggesting sideways or higher EUR/USD trading near-term. Resistance at 1.2711 (yesterday's high); breach would expose upside to 1.2953 (100-day moving average), then psychological 1.3000 and 1.3093 (May 10 high). Support at 1.2650 (hourly chart), then at 1.2619 (yesterday's low); breach would temper near-term positive outlook, exposing downside to 1.2552 (Wednesday's low), then 1.2478 (low on both July 2 & Tuesday), 1.2397 (previous cap set June 28) and 1.2192 (July 1 low).

July 08, 2010 19:30 ET (23:30 GMT)


EUR-USD :

Meine Übersicht für diesen Freitag :

1.2721 - 1.2733 is the level that we watch now. As long as capped there - we could see a corrective move towards 1.2641 - 1.2631. Drop of below 1.2609 - 1.2585 would dampen the upside. Only a breach of below 1.2550 (unlikely) could accelerate some bearish momentum. Direct rise above 1.2754 - 1.2768 would cancel any downside correction expectations.

So, das wars erst mal

palim palim

longed at 2689 on the LTL about 3 seconds before it took off... sweet!!

+1 locked and no TP but initially I'm still looking for the mid 27xx's since last night.

reevaluating this market about every 15 minutes...

great catch masta

On decission sell to 1.26343 (low 1) and 1.25864 (low 2) see the ichimoku span

Risk of downtrend is overbought

hope to see a trend with some entries tomorrow on EU.


i was in the "DO NOT TRADE THIS" mode the whole f* day

u know the picture...

CHEERS

Slow day to me too, strange configuration, no trades for me today, closed yesterdays long in the morning (10 hours ago).

I still believe we're going to see 1.32 by the end of the month.

nahhh.. sitting right on the LTL at the tokyo open after already heading down to the 2685 QP twice and finding support each time. the only way it COULD go was up imo.

now once it starts hitting pivots up at M3 (2702) and the QP at 2716/2720 psych and R1 at 2730, then we may get yet another turn down with a run south thrown in for fun... the turn-n-burn.

or it could keep goin north (my best estimate atm...) but PA wil usually signal what it wants to do if watching the proper TF's for this session.

that's all i can do... is watch, wait, and trade my best conclusion.

or go watch tv with mrs ak....

ADD: out for 10 and we'll do it again. looks like one of those nites...

Pivots from 5pm EST