EURUSD

Sweet! I sit in my home office... It does get boring at times..! Rock on bro!!

NOK at support!

Hey, me too long from 835 bro

Nice...need help ?

Bear looser won't win anymore.
Looking for long.....

I need help understanding why when I eat a gip of garlic my farts smell like,, well....... Garlic! You would think that the body would make them smell like well.......................poop...

Breaking it will open a door to 2909 and 2939

welcome to the forum..and any more tips are welcome

Please don't get me wrong but for the health of the threat could please cut the crap and support your arguments with charts or fundamental analysis or at least an interesting discussion. Nothing more "unfancy" than a so call "prop trader" pointing to an old/clear intraday R (that is going to be broken) to a bunch of small traders instead of making millions just minutes before "your" level is being tested...

sisse

This is h4...Reverse bearish OBV divergence keeps it below 2878, @ h1 I have spotted a reverse BULL, so we may overcome this level soon



We need MOMENTUM on our (bull side) to overcome 2878, as momentum is directly linked with on balance volume.

I am shorting this thing at 900..... Yippee SL @ 945

Dear Tarantula,

Would be most grateful if you show/explain what you mean by reverse BULL @ h1, hoping to learn something here.

Thanks in advance.

I am told rumours of strong ZEW doing the rounds bidding up EUR, 30 is the number....but I would be surprised if this number has actually been leaked.

Thank you Stier, I will keep an eye on it up there..

Interesting article from forexlive.com

http://www.bloomberg.com/news/2010-0...thew-lynn.html

look like 200 EMA is a strong resistence

European Forex Technicals: EUR Correcting Higher

17 Aug 2010, 08:13


By Francis Bray
A DOW JONES NEWSWIRES COLUMN



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

2010-08-17_European Forex Technicals.pdf (9.0 KB)



Intraday EUR/USD:

Stages a corrective recovery off Monday's low at 1.2734 as near-term bulls look to regain a foothold above 1.2800, and is threatening to test resistance at Monday's 1.2872 high. A break above there would confirm a higher low at 1.2805, creating room for further corrective gains towards 1.2906, and wave equality at 1.2943. Failure to keep 1.2805 intact would bring the focus back onto the 1.2734 low.

Weekly chart EUR/USD trend: Bearish.


Intraday USD/JPY:

Weakness originating off last Friday's high at 86.39 has extended into Tuesday's session following the probe below 85.21. While 85.45 caps the upside, scope exists for further weakness towards support at 85.11, threatening to extend the move towards the Aug. 11 15-year low at 84.72. A sustained break above 85.45 is required to provide respite, but upside scope looks limited to the 85.85 area.

Weekly chart USD/JPY trend: Bearish.


Intraday GBP/USD:

Monday's good recovery off a bear trap low at 1.5535 has provided a platform from which to put pressure on key resistance at 1.5726. Monday's high at 1.5701 lies just in front, and 1.5726 represents 50% retracement of the 1.5909/1.5535 downwave, and a 1.618 extension target. A fresh wave of bull pressure is required to force a break above 1.5726, opening 1.5775. Failure to hold onto support at 1.5638 would prompt a return to the 1.5575 area, which protects the 1.5535 low.

Weekly chart GBP/USD trend: Bearish.


Intraday USD/CHF:

Monday's sharp setback extends the bear wave off the Aug. 12 peak at 1.0630, and support at 1.0350 is likely to come under renewed pressure. 1.0350 is the last line of defence protecting the Aug. 6 reaction low at 1.0332, and the failure to keep these lows intact would prompt a downside extension towards 1.0288. Corrective gains should be limited to the 1.0445/1.0465 area, although only above 1.0503 would concern bears.

Weekly chart USD/CHF trend: Range.


See you later

Look at this chart:

The price is making a lower high and oscillator is making a higher high- that is a hidden or reverse bearish divergence and it usually means trading in BEARISH direction. Its currently keeping PA from going up

When the price is making a higher low and oscillator is making a lower low that is hidden/reverse bull divergence and it gives a cue for a northern movement.

I refer to this as a NORTHERN STAR ( when OBV meets MOMENTUM on a reverse bull)

OBV and MOMENTUM are the strongest divergences possible, even stronger then CCI or MCD as OBV and MOM are directly linked to price and volume.
Reverse or hidden divergence is much stronger then classic divergence
Attachment

The chart below is reverse bullish divergence @ h1 OBV

You mentioned hidden bearish divergence on H4 and hidden bullish divergence on H1, hence why you said 1.2878 level would be overcome soon (H1 takes precedence?)

Please correct me if I read the above wrongly?

Thanks for taking the pain to explain.

IMO

Only Short http://cdn.forexfactory.com/images/s.../yim/happy.gif

Prefer Selling on Rally

Sell on Rally until 1.20xx - 1.18xx