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  • #281,401
  • Aug 13, 2010 2:14am Aug 13, 2010 2:14am
Quoting Sunsi
I dont understand if such a good number will affect the stocks to go up, which could be negativ for the EURO ? am I right.

Or if these good news will be good for the currency directly?

Anyone that can explain ?
Will if european stocks go up EUR/USD go up, the reverse is also true, mostly. If US stocks up/employment numbers up/bernanke says nice things then EUR/USD goes down. Its the competition of the currencies in a sick, decaying system which we are all a part of if we use currency.
My signature is: "Classified".
  • #281,402
  • Aug 13, 2010 2:15am Aug 13, 2010 2:15am
Still feels heavy above even....
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Look Sharp/Trade Tight
  • #281,403
  • Aug 13, 2010 2:17am Aug 13, 2010 2:17am
i think we should at least test 1.292 which is a resistance..
Andreyou
  • #281,404
  • Aug 13, 2010 2:22am Aug 13, 2010 2:22am
Hourly close in the 1,2860 area and down we go...otherwise it's up towards 1,2920...latest swing high
COT: The precious data ignored
  • #281,405
  • Aug 13, 2010 2:23am Aug 13, 2010 2:23am
Quoting PayTheLimit
Am I reading this right
I just looked again it's only about 1.3020/30
Founder of Sutherland Wave Principle
  • #281,406
  • Aug 13, 2010 2:24am Aug 13, 2010 2:24am
Quoting suthmo
I just looked again it's only about 1.3020/30
So first up then down ? or the other way ?
COT: The precious data ignored
  • #281,407
  • Aug 13, 2010 2:25am Aug 13, 2010 2:25am
Quoting suthmo
It will be interesting to see how far I can take it. I just took a closer look at my data. I think we'll try n break 1.31xx in next 4 hours and then down to 12800/12700 by close or over the weekend.
All my input on that is: Floor of channel slanting up, right now that floor is around 1.26800. If thats broken EURO is in a world of hurt. Roof of channel slanting up is around 1.30800, which was a floor earlier which we broke through 2 days ago in the morning. Only some really unexpected news could break the floor above to go back to that channel cause we are deep into an old channel right now, which we where for more then a month but we broke through that in 2010.07.15

Where price will go while its in the channel is pretty much anybodys guess the way i see it.

By the way i remembered you talked a bit about preping/bad times ahead, can you perhaps enlighten me further in this subject, as i am collaborating in an effort to deal with this possible scenario (and dont tell me you buy into that nibiru crap)?
My signature is: "Classified".
  • #281,408
  • Aug 13, 2010 2:25am Aug 13, 2010 2:25am
Another heavy 2bar combo? Well see in 5 ...
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Look Sharp/Trade Tight
  • #281,409
  • Aug 13, 2010 2:25am Aug 13, 2010 2:25am
1.2875 is resistance on the downside, It`s th 61.8 fib and already been respectet multiple times ( 15min chart )
  • #281,410
  • Aug 13, 2010 2:25am Aug 13, 2010 2:25am
Quoting andreypu
i think we should at least test 1.292 which is a resistance..
the resistance was here, wich is the 14 ma on 4h, it usualy always is, if we close above that there is hope for north today if not we may see additional retest of the bottom, but the price should go higher anyways after that german data, thats a strong long term fundamental stuff
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  • #281,411
  • Aug 13, 2010 2:27am Aug 13, 2010 2:27am
Quoting dfptommyj
, but the price should go higher anyways after that german data, thats a strong long term fundamental stuff
and yet I would have expected more of a push thru 9 even....
Look Sharp/Trade Tight
  • #281,412
  • Aug 13, 2010 2:28am Aug 13, 2010 2:28am
Quoting kuroro001
So first up then down ? or the other way ?
Up then down. You got it.
Founder of Sutherland Wave Principle
  • #281,413
  • Aug 13, 2010 2:29am Aug 13, 2010 2:29am
EG taking it on the chin...
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Look Sharp/Trade Tight
  • #281,414
  • Aug 13, 2010 2:30am Aug 13, 2010 2:30am
Quoting malcolmb14
you need this I think to get supernova working

mml i have set at 64 period and setting 0 for current time frame

Attachment
Quoting beyond
You need 3 other indicators as well

QQEA
DMI
MOMENTUMVT
Thank you for the swift replies, I am currently going through Magix's thread to get things working. Seems like a nice mix of incators, will post my findings for others interested in these once clear...
Regards,
Chantal
  • #281,415
  • Aug 13, 2010 2:31am Aug 13, 2010 2:31am
70/75 should be some support...
Look Sharp/Trade Tight
  • #281,416
  • Aug 13, 2010 2:31am Aug 13, 2010 2:31am
Seems like we can't sustain the 1.2900 level.... will enter a short at 1.2870

Quoting mercy seat
European Forex Technicals: USD Moving Ahead
13. Aug. 2019, 08:36 CET


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


2010-08-13_European Forex Technicals (08h36 CET) 001.pdf (12.8 KB)



EUR/USD:


3 Day Trend Bullish
Weekly Trend Range


Intraday

EUR/USD: the pair stands below its resistance as the RSI lacks upward momentum. Suggest short positions below 1.29 with 1.2815 and 1.278...
  • #281,417
  • Aug 13, 2010 2:32am Aug 13, 2010 2:32am
No bollox 13010/30 is next week, I'm showing it could go to 1.31xx today in this 4 hour period. So watch out. Could be a text book rejection at 1.3095
Founder of Sutherland Wave Principle
  • #281,418
  • Aug 13, 2010 2:33am Aug 13, 2010 2:33am
If you have a good grasp on TA you can start doing a easy exercise. Take a one dimensional approach to a report. For example, right now assume that only the good french and german news are going to drive the pair until the US open. Check a H1 or above define a good valid Support level. Not magic numbers or 5 mins mini supports a intraday REAL Support.

If you assume, for example, the reports are good for the euro just fade the next intraday move to that support. Check what happens and see the different levels price is reaching S/R and evaluate after to check the validity of your assumptions.

If you want to check the relation between the european stocks and the pair. Open the Dax chart an mark the main intrday h1 or above S/R in that chart. Compare those levels with the pair and see the correlation ....... you get the point try it and see what happens.

I hope it helps as an starting point. Also during major reports there are some traders here (including myself) that post some general numbers and views before major reports

sisse

Quoting Sunsi
I have pretty good grasp on the technical aspect of FX.

But would like to learn more about how news realses affects the currencies, and what will happen in the market on diffrent numbrs.
Pending conversations? PM for a chat...I am mainly in OTM now
  • #281,419
  • Aug 13, 2010 2:36am Aug 13, 2010 2:36am
Quoting PayTheLimit
EG taking it on the chin...
yep, techicals... but it may actualy build the bottom here, yestardays daily candle was kinda reversal looking
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  • #281,420
  • Aug 13, 2010 2:38am Aug 13, 2010 2:38am
Quoting sisse
If you have a good grasp on TA you can start doing a easy exercise. Take a one dimensional approach to a report. For example, right now assume that only the good french and german news are going to drive the pair until the US open. Check a H1 or above define a good valid Support level. Not magic numbers or 5 mins mini supports a intraday REAL Support.

If you assume, for example, the reports are good for the euro just fade the next intraday move to that support. Check what happens and see the different levels price is reaching S/R and evaluate...
Thanks, good help!
Curretly I am taking notes on days there are big market reports. I analyse when the day is done, I think this can help me in the future
The tip about wathing dax was smart, I will start to do that also!
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