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  • #279,081
  • Aug 8, 2010 4:22pm Aug 8, 2010 4:22pm
Quoting ubaidahsan
hello everyone hope everyone enjoyed weekend happily here is my charts of this week and tomorrow

according to H1 we can hit max 3240-50 low and then we can hit 3350 or max if there will be volume daily target of this week is 1.3560..please post what are your views...

Ub
I'm having the same view as you. shorted 10 minutes ago at 1.3293 with tp at 1.3260. after that, possibly long
  • #279,082
  • Aug 8, 2010 4:32pm Aug 8, 2010 4:32pm
EUR-USD : Elliott : Setup, Stance & Strategy - Ex Rollover Situation - on a monthly, weekly and daily basis :

Monthly : Elliott : crucial reversal point
Monthly : Current rise seems to be over near 1.3068 or 1.3360 for a retracement towards 1.2777 - 1.2612 area.

Weekly : Elliott : flat correction up 1.3427
Weekly : One move lower to 1.3119 or 1.2947 is anticipated while below 1.3313 - 1.3399 area. Stop loss above 1.3506 zone.

x - Day : Elliott : impulse wave up 1.3383

24-Hour : Current rise seems to be over near 1.3313 or 1.3364 for a retracement towards 1.3261 - 1.3225 area.

Prior + : If market stays below 1.3212 a fall to 1.3127 is expected. If market breaks the point 1.3243 it could reach the sky.


Elliott : Projection & Warning - on a monthly, weekly and daily basis :

Monthly : 1.1876 Projection > 1.3896
Monthly : Warning: Imminent end of bullish move

Weekly : 1.1876 Projection > 1.3692
Weekly : Warning: End of trend - Imminent end of bullish move

x - Day : 1.3119 Projection > 1.3350
x - Day : Warning: High Zone - Imminent end of bullish move


Trend is up ... Elliott points up ... but corrective action later then expected ...

Ach - mehr sag ich nicht ...


Und tschüss
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #279,083
  • Aug 8, 2010 4:36pm Aug 8, 2010 4:36pm
Quoting mercy seat
EUR-USD : Elliott : Setup, Stance & Strategy - Ex Rollover Situation - on a monthly, weekly and daily basis :

Monthly : Elliott : crucial reversal point
Monthly : Current rise seems to be over near 1.3068 or 1.3360 for a retracement towards 1.2777 - 1.2612 area.

Weekly : Elliott : flat correction up 1.3427
Weekly : One move lower to 1.3119 or 1.2947 is anticipated while below 1.3313 - 1.3399 area. Stop loss above 1.3506 zone.

x - Day : Elliott : impulse wave up 1.3383

24-Hour : Current rise seems to be over near 1.3313...
good working but its not good for long term traders day trader can work with it..points are perfect but i think 3560 could be perfect reversal point because it is a 50% fibo of 1.51-1.18 so i think better to long for now

Ub
  • #279,084
  • Aug 8, 2010 5:05pm Aug 8, 2010 5:05pm
Happy new week to all fellows They are ready and have A Plan
Anyone Trade U/NOK ?
  • #279,085
  • Aug 8, 2010 5:07pm Aug 8, 2010 5:07pm
Quoting ubaidahsan
good working but its not good for long term traders day trader can work with it..points are perfect but i think 3560 could be perfect reversal point because it is a 50% fibo of 1.51-1.18 so i think better to long for now

Ub
well am waiting for this 50% fibo since first of july from 1.2328
  • #279,086
  • Aug 8, 2010 5:16pm Aug 8, 2010 5:16pm
OKIDOKI !
Jawohl - Ub - and I am a day trader - tend to close all positions within same value date ...


http://cdn.forexfactory.com/images/attach/gif.gif 2010-08-08 _ zigzagtracktracer (23h58 CET) EUR-USD daily _ 000.GIF (22.6 KB)


Just in order to mention it a bit more precise - excuse me - 1.3510 is 50% of whole move from 1.5144 towards 1.1876 ...

Attached Image (click to enlarge)
Click to Enlarge Name: 2010-08-08 _ zigzagtracktracer (23h58 CET) EUR-USD daily _ 000.GIF Size: 23 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #279,087
  • Aug 8, 2010 5:31pm Aug 8, 2010 5:31pm
IMO, that 50% (+/- 1.35xx) is good especially because is the last valid weekly R before the selloff. However, I am not completely convinced is going to be tested "soon".

My view is, if Euro fundamentals keep holding and the dollar fundamentals keep going bad, a retrace in the next few weeks without reaching that level, is a must to keep the uptrend and respect fundamentals & it will leave the door wide open for a stronger euro until the end of the year (and a test of that levels or above later).

If that doesn't happen and euro test 1.35xx next week I am more inclined to a major change in fundamentals and the big retrace a lot of people is waiting for 1.25 or below. In other words short term (next few weeks) fundamentals are supporting a stronger euro but for that, a small retrace or consolidation 1.30xx/1.32xx is "required" (in my books of course) and only after a test to 1.35xx.

sisse

Quoting ubaidahsan
good working but its not good for long term traders day trader can work with it..points are perfect but i think 3560 could be perfect reversal point because it is a 50% fibo of 1.51-1.18 so i think better to long for now

Ub
Pending conversations? PM for a chat...I am mainly in OTM now
  • #279,088
  • Aug 8, 2010 5:40pm Aug 8, 2010 5:40pm
closed short from 1.3293 @ 1.3280. going to sleep now, good trading and see you tommorow
  • #279,089
  • Aug 8, 2010 6:05pm Aug 8, 2010 6:05pm
I've been waiting patiently for this thing to retrace back to 3230 or 3220 area, so I can load up on my Longs, but so Far, nothing yet.

No real consolidation or retrace... Maybe in a few hours hopefully.

Quoting ubaidahsan
hello everyone hope everyone enjoyed weekend happily here is my charts of this week and tomorrow

according to H1 we can hit max 3240-50 low and then we can hit 3350 or max if there will be volume daily target of this week is 1.3560..please post what are your views...

Ub
  • #279,090
  • Edited 6:28pm Aug 8, 2010 6:15pm | Edited 6:28pm
Hello fellow traders,

Maybe Central banks will buy USD while its cheaper now?

My opinion of German Trade Balance and German Exports data in 7 hours, could be that EurUsd will go long if expexted or better as forecast.

I think EurUsd goes long as there is no other planned USA data release, and traders are left only to speculate about Dollar strenght.

If price is very close to 1.324 also the fridays 50% Fibo retracement then it could be a good entry for long.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_h1_aug_09_2010_analysis.gif Size: 54 KB


good nyt traders.. ill be observing this during breakfast
  • #279,091
  • Aug 8, 2010 6:16pm Aug 8, 2010 6:16pm
USDX seems to try breaking 80.52 level again.

I will wait also to get a good entry long opportunity for EUR (1.32650)
  • #279,092
  • Aug 8, 2010 6:47pm Aug 8, 2010 6:47pm
http://www.forexlive.com/124095/all/...ving-an-effect
  • #279,093
  • Aug 8, 2010 6:51pm Aug 8, 2010 6:51pm
ASIA DAILY FOREX OUTLOOK - Majors

SINGAPORE (Dow Jones)



http://cdn.forexfactory.com/images/attach/pdf.gif 2010-08-09_ASIA DAILY FOREX OUTLOOK - Majors (01h29 CET) 002.pdf (14.0 KB)



EUR/USD - to consolidate with bullish bias. Pair supported by broad-based USD weakness. But EUR sentiment dented by surprise 0.6% on-month drop in German June industrial production (vs forecast for 0.7% increase). Data focus: 0600 GMT German June manufacturing turnover, German June trade balance. EUR/USD daily positive-biased as MACD bullish, while stochastics stay elevated at overbought, suggesting sideways or higher EUR/USD trading near-term. Resistance at 1.3333-1.3342 band (Friday's high-April 30 reaction high); breach would expose upside to 1.3510 (50% Fibonacci correction of 1.5144-1.1875 Nov. 25-June 7 decline), then 1.3536 (200-day moving average). Support at 1.3225 (hourly chart), then at 1.3155 (Friday's low); breach would temper near-term positive outlook, targeting 1.3117 (Thursday's low), then 1.3051 (Aug. 2 low), 1.2978 (Aug. 6 low) and 1.2949 (July 27 low).


GBP/USD - to consolidate with bullish bias. Pair underpinned by negative USD sentiment; but gains tempered by surprise 0.5% on-month drop in UK June industrial production (vs forecast for 0.6% increase), concerns over negative impact of fiscal tightening on UK economic growth. GBP/USD daily chart positive-biased as MACD bullish, while stochastics stay elevated at overbought, suggesting sideways or higher GBP/USD trading near-term. Resistance at 1.6002 (Friday's high); breach would expose upside to 1.6069 (Feb. 3 reaction high), then 1.6276 (Jan. 28 high). Support at 1.5938 (hourly chart); then at 1.5837 (Friday's low) and 1.5818 (Thursday's low); breach would temper near-term positive outlook, exposing downside to 1.5694 (Aug. 2 low), then 1.5549-1.5543 band (Aug. 6 low-July 28 low) and 1.5526 (200-day moving average).


bibib
Attached File(s)
File Type: pdf 2010-08-09_ASIA DAILY FOREX OUTLOOK - Majors (01h29 CET) 002.pdf   14 KB | 408 downloads
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #279,094
  • Aug 8, 2010 7:17pm Aug 8, 2010 7:17pm
Those - who do admire divergences in Charts - would like to have observed that there might be some mild bear looming ...


http://cdn.forexfactory.com/images/attach/gif.gif 2010-08-09 _ zigzagtracktracer (01h55 CET) EUR-USD 480min _ 000.GIF (28.2 KB)


Not a big deal - but here it is - in an H8 chart for example ...

Anyway ... from market rythm ... I want to see it first a bit more up ... then down ...

All in all - within the levels and key-points as mentioned before ...

As we do not trade decisions based on charts ...



palim palim
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-08-09 _ zigzagtracktracer (01h55 CET) EUR-USD 480min _ 000.GIF Size: 28 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #279,095
  • Aug 8, 2010 7:28pm Aug 8, 2010 7:28pm
Good evening traders,

Just a quick hello - I am a new member to Forex Factory. I have been reading this thread for probably 6 months now and finally decided to sign up. I have been trading for a year and half now - Start with stocks and now I stick to futures trading. I trade oil, gold, es mini, nq mini and now just starting to trade the eruo futures. I alwasy watched the Euro for market direction but never traded it until tonight.

I have enjoyed reading this thread and I hope to be able to contribute to it now.

Cheers.

Faller
I don't trust any move - when you have profit...take it.
  • #279,096
  • Edited 9:03pm Aug 8, 2010 7:53pm | Edited 9:03pm
Quoting bad$ala
Hello fellow traders,

Maybe Central banks will buy USD while its cheaper now?

My opinion of German Trade Balance and German Exports data in 7 hours, could be that EurUsd will go long if expexted or better as forecast.

I think EurUsd goes long as there is no other planned USA data release, and traders are left only to speculate about Dollar strenght.

If price is very close to 1.324 also the fridays 50% Fibo retracement then it could be a good entry for long.

Attachment

good nyt traders.. ill be...

hey man,

did you make this graph yourself or is it a auto graph script or software?
if so, plz tell us where we can buy it;
thanks.
  • #279,097
  • Aug 8, 2010 9:03pm Aug 8, 2010 9:03pm
Hi guys,

I'm long at 1.3290, 1.3284 and 1.3278. If the price falls to 1.3260, I will take another long position and continue taking them as long as it falls.

The consensus seems to be that this is a good week to go long.
  • #279,098
  • Aug 8, 2010 9:05pm Aug 8, 2010 9:05pm
Quoting ppxdf
hey man,

did you make this graph yourself or is it a auto graph script or software?
if so, plz tell us where we can buy it;
thanks.
If you look at the bottom left corner it says "FXProMT4". Google it.
  • #279,099
  • Aug 8, 2010 9:13pm Aug 8, 2010 9:13pm
Quoting SunTrader
If you look at the bottom left corner it says "FXProMT4". Google it.
What's google?
Not all sins are created equal
  • #279,100
  • Aug 8, 2010 9:15pm Aug 8, 2010 9:15pm
Here is how I see EW on H1 basis:

3 waves complete of Wave 5 of 5. Looks to be at about another day or so and another 100 pips or so to go complete 5th wave.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 60m.png Size: 31 KB
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