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EURUSD

  • #274,881
  • Jul 25, 2010 3:28pm Jul 25, 2010 3:28pm
I would consider support at 2860, any break below would be a suitable short.........IMHO.
  • #274,882
  • Jul 25, 2010 3:29pm Jul 25, 2010 3:29pm
Quoting mercy seat
Yes - dear lonetrader - that can be explained very easily. I am a daytrader - and therefore I mean 38.2% of the whole daily move from Friday - daily inside move only, from Friday - July 23th - and its highest was at about 1.2967 and lowest has been around 1.2794 (according to the Interbank Statistics) and therefore we have had seen a 173 Pips SPAN.

1.2859 is 38.2% of this inside day SPAN between 1.2967 high and 1.2794 low...

Thats all...


;-)
Same here I smell a real good trader. We are all very lucky to have such great knowledge shared amongst us. Being in the 38.2% span is what comforts me most.
rat
  • #274,883
  • Jul 25, 2010 3:36pm Jul 25, 2010 3:36pm
BTW - 1.2967 has been hit on Friday - during early LONDON Session - but right it has not been crossed at that time. No wonder - that was because markets were reluctant prior to that omnious release of the "STRESS TESTS RESULTS"...

But after all - that gave us twice the chance of jolly good moves and a double rejection near or close to the 1.28-figure zone...




bibib - mercy
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #274,884
  • Jul 25, 2010 3:40pm Jul 25, 2010 3:40pm
Quoting mercy seat
BTW - 1.2967 has been hit on Friday - during early LONDON Session - but right it has not been crossed at that time. No wonder - that was because markets were reluctant prior to that omnious release of the "STRESS TESTS RESULTS"...

But after all - that gave us twice the chance of jolly good moves and a double rejection near or close to the 1.28-figure zone...




bibib - mercy
O...shoot..! It's my broker then. My high was 1.2964.
  • #274,885
  • Edited 4:38pm Jul 25, 2010 3:40pm | Edited 4:38pm
Quoting EasyTrader
I see a divergence on the daily. Anyone think that this might be a reversal point to be short this coming week...?
Funny thing about divergences is they can be found showing the opposite as well. Take a look at the most recent low points on your indicator in comparison to price at the same time. LL on indicator while HH on price seems to say bullish.

I personally see very little value in divergences (naturally others differ) other than looking at the duration an indicator stays in divergence. Which is yet another technique Tom DeMark developed.
  • #274,886
  • Jul 25, 2010 3:49pm Jul 25, 2010 3:49pm
Quoting A-lonetrader
O...shoot..! It's my broker then. My high was 1.2964.
Well - sh#t can happen sometimes. Unfortunately prices can vary a bit from finance service to finance service - as it is a OTC market rules here. But you could ask for ECN-rates (or 5 diggit Interbank Connection) with some services - that would minimize that effects a bit....


bibib
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #274,887
  • Jul 25, 2010 3:50pm Jul 25, 2010 3:50pm
Quoting EasyTrader
I see a divergence on the daily. Anyone think that this might be a reversal point to be short this coming week...?
Attachment
see #274904

UJ (87.60), EJ (113.30) and GJ (136.00) are all at the upper H4 range line. If they don't break it further north I will trade the EU still in a H4 range and/or of daily Bollinger (20) with 1.3120 - 1.2240 and prefer M1/M5/M15/M30 till a trend of H1/H4 could be more coming up more clearly. Time will come to earn the money.

Daily Stoch(5,3,3) shows up, daily CCI(14) a divergence (more down), MACD (12,26,9) down, too. May be daily EMA120 could be broken near 1.2992 or DR1 1.2972, may be market price will pushed further north till EMA200 around 1.3300. We don't know.
  • #274,888
  • Jul 25, 2010 3:55pm Jul 25, 2010 3:55pm
Quoting mercy seat
Well - sh#t can happen sometimes. Unfortunately prices can vary a bit from finance service to finance service - as it is a OTC market rules here. But you could ask for ECN-rates (or 5 diggit Interbank Connection) with some services - that would minimize that effects a bit....


bibib
Thanks for the Interbank info.
  • #274,889
  • Jul 25, 2010 4:16pm Jul 25, 2010 4:16pm
Asia Outlook

2254 GMT [Dow Jones]

ASIA OUTLOOK: Regional stock markets likely higher, lifted by Wall Street's rise on Friday as investors focus on rosy earnings, look past European bank stress tests; bomb blast in central Bangkok kills one, injures 10, could weigh on that market when it reopens Tuesday (closed Monday for public holiday). In FX market, improved risk appetite could support EUR as bank stress tests largely viewed as detailed enough, encouraging; EUR/USD at 1.2888 vs 1.2918 late NY Friday, EUR/JPY at 112.81 vs 112.98, USD/JPY at 87.54 vs 87.45. On data slate: Korea advance GDP at 2300 GMT, Japan provisional trade at 2350 GMT, Australia PPI at 0130 GMT, Singapore industrial production at 0500 GMT, RBI review at 1130 GMT, Vietnam industrial output. Later there's U.S. Chicago Fed activity index, Texas manufacturing outlook survey, new residential sales.


just found in news section...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #274,890
  • Jul 25, 2010 4:21pm Jul 25, 2010 4:21pm
Quoting A-lonetrader
I see a 100 pips pull back signal from the last 4H chart...., the question now is...., when...?...
I'm inclined to feel the same, but I am just watching the PA at the moment, if we dink around and can't get some upside moving in 3-4 hrs (PA going above 1.2925) then, I will be looking at the charts for a good reason to sell looking for 1.2760-ish
  • #274,891
  • Jul 25, 2010 4:31pm Jul 25, 2010 4:31pm
Quoting mercy seat
Yes - dear lonetrader - that can be explained very easily. I am a daytrader - and therefore I mean 38.2% of the whole daily move from Friday - daily inside move only, from Friday - July 23th - and its highest was at about 1.2967 and lowest has been around 1.2794 (according to the Interbank Statistics) and therefore we have had seen a 173 Pips SPAN.
1.2859 is 38.2% of this inside day SPAN between 1.2967 high and 1.2794 low...
Thats all...;-)
>
Attached Image (click to enlarge)
Click to Enlarge Name: EU, 2010 July 23.jpg Size: 98 KB
  • #274,892
  • Jul 25, 2010 4:57pm Jul 25, 2010 4:57pm
The "WEEKLY STANCE" for the EUR/USD pair is for us within this WEEK No. 30 as follows:

Structures suggest a test towards 1.2958 - 1.2971 at first or 1.3004 - 1.3051 in case of an extention. But as long as capped below 1.2983 or 1.3007 - 1.3051 it is more likely that marked could see a pullback towards 1.2756 later or even a sell off towards 1.2698 or 1.2597 in case of an extention. Breach of above 1.3097 - 1.3164 would cancel the downside.

From a Daily prospective the uptrend is still intact - and it should continue towards 1.2967 - 1.2986 at first. Limited upside potential at first - while capped there below 1.2967 - 1.2986 zone. If not crossed beyond that - one more pullback and re-test at 1.2871 - 1.2859/ 42 is possible then. Cross of below 1.2814 - 1.2777 would accelerate the downside.


Good Luck!
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #274,893
  • Jul 25, 2010 5:24pm Jul 25, 2010 5:24pm
ASIA DAILY FOREX OUTLOOK - Majors

SINGAPORE (Dow Jones)--Following are expected trading ranges and outlooks for nine major currency pairs today:



http://cdn.forexfactory.com/images/attach/pdf.gif

2010-07-26_ASIA DAILY FOREX OUTLOOK - Majors (01h42 CET).pdf (17.2 KB)



EUR/USD - to range-trade. EUR/USD supported as most of 91 euro-zone banks passed regulatory stress tests (only 5 Spanish, 1 German & 1 Greek banks failed). Pair also underpinned by positive market risk sentiment, surprise 4.4-point jump in German July Ifo business climate index to 106.2 from June's 101.8 (against forecast for decline to 101.5). But EUR/USD gains tempered by lingering doubts over tests' stringency; EUR sales on soft EUR/GBP cross. EUR/USD daily chart mixed as MACD bullish, but stochastics falling from overbought. Resistance at 1.2930 (hourly chart); breach would expose upside to 1.2967 (Friday's high), then 1.3028 (Tuesday's high), 1.3093 (May 10 high), 1.3124 (38.2% Fibonacci correction of 1.5144-1.1875 Nov. 25-June 7 decline) and 1.3342 (April 30 reaction high). Support at 1.2791 (Friday's low); breach would expose downside to 1.2730 (Wednesday's low), then 1.2707 (July 15 low), 1.2680 (July 14 low) and 1.2520 (July 13 low).


Highest has been 1.29305 until now (02h02 CET) as Asian Hedge Funds buy EUR/USD and EUR/JPY during TOKYO SESSION...


cu morrow - palim palim
Attached File(s)
File Type: pdf 2010-07-26_ASIA DAILY FOREX OUTLOOK - Majors (01h42 CET).pdf   17 KB | 337 downloads
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #274,894
  • Jul 25, 2010 5:40pm Jul 25, 2010 5:40pm
http://www.nytimes.com/2010/07/26/bu...er=rss&emc=rss

Despite Flaws, Stress Tests May Satisfy Markets

“What the authorities have done is contrived a series of vignettes in which most of the banks can avoid failure,” Carl Weinberg, chief economist at High Frequency Economics in Valhalla, New York, said in an e-mail message Sunday. “As a result, we expect uncertainty about banks’ financial strength to continue to plague both the banking system and the financial markets.”
  • #274,895
  • Jul 25, 2010 6:19pm Jul 25, 2010 6:19pm
RIP bear
Market taking the fake test
You cannot learn better without losing
  • #274,896
  • Jul 25, 2010 6:22pm Jul 25, 2010 6:22pm
Quoting forexings
RIP bear

A little early to be jumping to conclusions isn't it?
  • #274,897
  • Jul 25, 2010 6:26pm Jul 25, 2010 6:26pm
Quoting forexings
RIP bear
Market taking the fake test


dont count ur chickens before they hatch.....there is serious resistance around 3100-3120.
  • #274,898
  • Jul 25, 2010 6:30pm Jul 25, 2010 6:30pm
Quoting Awesome
A little early to be jumping to conclusions isn't it?
May be but last day NY/London and today Tokyo up with bullish trend.
You cannot learn better without losing
  • #274,899
  • Jul 25, 2010 6:33pm Jul 25, 2010 6:33pm
Quoting mfoste1
dont count ur chickens before they hatch.....there is serious resistance around 3100-3120.
Don't think so there is any good resistance once bull pass 3050 gate.
Let's see how serious it is.
You cannot learn better without losing
  • #274,900
  • Jul 25, 2010 6:37pm Jul 25, 2010 6:37pm
Quoting forexings
Don't think so there is any good resistance once bull pass 3050 gate.
Let's see how serious it is.
ohh beware, resistance is there.......


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