EURUSD | Page 13691 | 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

  • #273,801
  • Jul 21, 2010 3:40pm Jul 21, 2010 3:40pm
Quoting Jay Walker
Very good mate. Congrats.
Thanks Jay
G/U Plan if u interested post on last Friday
http://www.forexfactory.com/showpost...&postcount=101
  • #273,802
  • Jul 21, 2010 3:41pm Jul 21, 2010 3:41pm
I think we may test the low of the day, during the Asian Session before it breaks down to the 2689 level, other's have mentioned.

Quoting Jym
Going into the week I was targeting 1.2750 to 1.2780 for a long but I think I'll wait to see what happens the 1st hour or 2 of UK trading before entering anything.
I'm trying to time it to where I enter trades after the fakeouts. Hard to tell what the true fakeout is sometimes tho haha
  • #273,803
  • Jul 21, 2010 3:49pm Jul 21, 2010 3:49pm
good read

http://www.hiddenmysteries.net/gltes...00720221122130
  • #273,804
  • Jul 21, 2010 3:59pm Jul 21, 2010 3:59pm
Quoting mfoste1
good read

http://www.hiddenmysteries.net/gltes...00720221122130
there was a few folks commenting on the u.s. bank stress test today. it seems many forget Europe banks bought u.s. toxic assets also. they are still holding them, along with the other piigs bonds. these banks are guaranteed by the same governments that the banks bought bonds from. what a phucking joke. fool the masses.. and you have slaves.

so is it to the advantage of the governments to help banks pass. sure..
a shell game is a shell game.

the u.s. toxic assets get more toxic with bad u.s. news. U.S./Europe and many other banks around the world still hold them.
those who can, do. those who cant, talk about those who can
  • #273,805
  • Jul 21, 2010 4:03pm Jul 21, 2010 4:03pm
Quoting gatorinla
there was a few folks commenting on the u.s. bank stress test today. it seems many forget Europe banks bought u.s. toxic assets also. they are still holding them along with the other piigs. these banks a guaranteed by the same governments that the banks bought bonds from. what a phucking joke. fool the masses.. and you have slaves.

so is it too the advantage of the governments to help banks pass. sure..
the whole stress-test is a joke - nobody there is interested to get some worrying results. Maybe some individual bank have some bad results, but the big majority gets good results, showing that there are NOOOO risks
Pecunia non olet
  • #273,806
  • Jul 21, 2010 4:06pm Jul 21, 2010 4:06pm
I should have made it clearer. The 2710 is 61.8 fib level off the 4 hr move up, and 1.2684 is the 38.2 % level off the Daily chart. 2 other key buy levels are 1.2579 and 1.2478 which are 50% and 61.8% levels off the Daily.

Jim

Quoting dreed
So if we break the 2710 level, what would be the next target?
  • #273,807
  • Jul 21, 2010 4:10pm Jul 21, 2010 4:10pm
i haven't forgotten

still no banking, commodities or manufacturing. fundamentally, just about the same as 8 months ago.. worse if you factor in how much it costs them to borrow on real open market

...stopped out of my long for +15. still hangin on to au short for now and chf longs...spreads are up for me atm so no trades til at least tokyo it looks like for me
  • #273,808
  • Jul 21, 2010 4:11pm Jul 21, 2010 4:11pm
Absolutely right. But I look at immediate major Daily trendlines for my trend. Example: chart below is long term up because the exsisting trendline is still intact. Just to show you what I mean, this trend line has to be broken and tested and a lower high and lower low formed. I hope you can make out my catterwalleing....LOL

Quoting SunTrader
It is all relative.

I myself define long and shortterm as to which waves are impulsive and which are corrective.

I've posted this chart a few times already but unless my ABC count (corrective) is wrong it says which phase we are in at the moment.

On an intraday basis it appears down waves are impulsive and corrective for up waves which means the same - shortterm trend is down as well.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 19 KB
  • #273,809
  • Jul 21, 2010 4:13pm Jul 21, 2010 4:13pm
Quoting Nene
I should have made it clearer. The 2710 is 61.8 fib level off the 4 hr move up, and 1.2684 is the 38.2 % level off the Daily chart. 2 other key buy levels are 1.2579 and 1.2478 which are 50% and 61.8% levels off the Daily.

Jim
I think there is some good support 2650-33(weekly s1, fib level, tl)....I like selling @ 2800 better
Attached Image (click to enlarge)
Click to Enlarge Name: eujuly21c.jpg Size: 145 KB
  • #273,810
  • Jul 21, 2010 4:20pm Jul 21, 2010 4:20pm
Here is a wonderful example of what I am talking about and you all can do this too, very easy. This trade got me over 700 pips on my long term load with only a 100 pip stoploss. You have to learn how to be patient. That is why I love trendlines.

Here you can see the same thing I am trying to do here on the exsisting pullback. The only way you lose these trades is if the long term trend direction changes. See the way the price pulled back to the 38.2% Fib level, corrected and then resumed back to the UTL that was created by the pullback and more importantly, the 50% Fib level.

THERE IS ONLY ONE ENTRY MORE DEADLY THAN A 50% FIB LEVEL AT A MAJOR UTL..... AND THATS A 61.8% FIB LEVEL AT A MAJOR UTL!!!
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 17 KB
  • #273,811
  • Jul 21, 2010 4:26pm Jul 21, 2010 4:26pm
Yes, right now at this moment it counter trade time and I totally agree with you until these levels are hit. Personally, I have a small long on here thinking we need to test the bottom of this UTL. I can absorb the small loss because I am chewing up the pips this week. I have a sell limit at 1.2790 which is 10 pips short because I want to get filled.

Jim

Quoting mfoste1
I think there is some good support 2650-33(weekly s1, fib level, tl)....I like selling @ 2800 better
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 13 KB
  • #273,812
  • Jul 21, 2010 4:30pm Jul 21, 2010 4:30pm
I would target 133 pips, 1.2592, with the big load and then let the rest ride to 1.2940 area.


Quoting ak4x
I'm curious.. assuming that entry op off the LTL comes to pass, what is the projected High level you're hoping for.... 1.34xx-35xxish?

Or something else?
  • #273,813
  • Jul 21, 2010 4:35pm Jul 21, 2010 4:35pm
I just may have found the reason for the stall here. If you draw a trendline off the first 2 lows on this move up, look what you get.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 17 KB
  • #273,814
  • Jul 21, 2010 4:36pm Jul 21, 2010 4:36pm
http://www.reuters.com/article/idUST...feedName=usdai

" The Federal Reserve stands ready to ease monetary policy further if the budding U.S. economic recovery stumbles, Fed Chairman Ben Bernanke said on Wednesday, as he called the outlook "unusually uncertain.""

"He argued the Fed's reopening of foreign exchange swap lines with overseas central banks has helped eased pressures in interbank lending and kept credit flowing in the U.S. financial system."
  • #273,815
  • Jul 21, 2010 4:36pm Jul 21, 2010 4:36pm
We could concievably go up from here.

Quoting Nene
I just may have found the reason for the stall here. If you draw a trendline off the first 2 lows on this move up, look what you get.
  • #273,816
  • Jul 21, 2010 4:38pm Jul 21, 2010 4:38pm
just looking for reasons to hold on to my longs
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 17 KB
  • #273,817
  • Jul 21, 2010 4:38pm Jul 21, 2010 4:38pm
Quoting uraceulose
http://www.reuters.com/article/idUST...feedName=usdai

" The Federal Reserve stands ready to ease monetary policy further if the budding U.S. economic recovery stumbles, Fed Chairman Ben Bernanke said on Wednesday, as he called the outlook "unusually uncertain.""

"He argued the Fed's reopening of foreign exchange swap lines with overseas central banks has helped eased pressures in interbank lending and kept credit flowing in the U.S. financial system."
lol didnt know there was one
  • #273,818
  • Jul 21, 2010 4:38pm Jul 21, 2010 4:38pm
Quoting Nene
I would target 133 pips, 1.2592, with the big load and then let the rest ride to 1.2940 area.
That's interesting and looks good on charts... but I don't think this run has the gas to drop that far and then rebound that high yet again... more likely imo to ((maybe)) get there or somewhere close from current levels before dropping back to lower levels for the summer... and I'm increasingly pessimistic about that scenario even playing out. It may just say Phooey on it and Drop.

In other words, tho the technical side can be drawn easily enough, i don't think the Global Funnymentals support it atm... but GL with it in any event...

It's not like I want or need to see you lose any cargo.
FUBAR...
  • #273,819
  • Jul 21, 2010 4:39pm Jul 21, 2010 4:39pm
After this day I just has to say my ass is still bleeding
  • #273,820
  • Edited 4:53pm Jul 21, 2010 4:41pm | Edited 4:53pm
  •  flx
  • | Joined Dec 2008 | Status: Avoid Death by a Thousand Stops | 86 Posts
We are at a support level, but no up signs yet for 4h swing trade. MACD waiting for ZeroBounce or Downtrend.
As many are saying we will go back to 30~32... rebound is comming (perfect entry now?) not for me. Too beautiful.
Attached Image (click to enlarge)
Click to Enlarge Name: 21-07-10-eurusdH4.JPG Size: 60 KB
What goes around comes around
2,530 traders viewing now