EURUSD | Page 15035 | 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

  • #300,681
  • Oct 5, 2010 2:04am Oct 5, 2010 2:04am
Quoting Alexgee
Amazing timing isn't it, I was thinking the same, but on the other hand there have been rumblings the last few weeks.

I can't imagine that EU is going to sit iddle and see their currency appreciate so much as it hurts their exports in a big way. I read on zero hedge some guy saying there is a currency war going on, every country trying to lower their value. These guys forget what a devalued currency does for its citizens in terms of consumer prices.
well i prefer the currency war to the vietnam or irak war or any other war we just need to figuer who is going to win, to go land there for a while
The Chonchy
  • #300,682
  • Oct 5, 2010 2:04am Oct 5, 2010 2:04am
Feels to me like BOJ is intervening again. Market sentiment just changed.
  • #300,683
  • Oct 5, 2010 2:07am Oct 5, 2010 2:07am
30min bull setup developing...
They think they are smarter than I am.
  • #300,684
  • Oct 5, 2010 2:11am Oct 5, 2010 2:11am
No trade for me, unless it first moves 150 pips in either direction.
The Thief of Wall Street
  • #300,685
  • Oct 5, 2010 2:11am Oct 5, 2010 2:11am
I'm looking for a 30min sell setup
Look Sharp/Trade Tight
  • #300,686
  • Oct 5, 2010 2:13am Oct 5, 2010 2:13am
This hour will give us the direction.
I'm waiting the close, i'd like to take a short if the opportunity's there.
COT: The precious data ignored
  • #300,687
  • Oct 5, 2010 2:13am Oct 5, 2010 2:13am
Quoting zaphy
Hey, I like that expression! We are pretty much in agreement, as I think that the expected kind of move down will not happen just because a poor economic indicator. The markets seem to have shaken off just about anything recently...you'll need something pretty big, and pretty EUR specific. I am ruling out Greece, because they have ECB's money for the near future, and why default now when you can do so later?

Until then, I adopt someone else's motto: Nihil Sine Stop Loss !
just an example, I'm not sying this is enough but give it time and you will see, 3900 or 4000 is my target after that it can go to the moon and I don't go in without a +1pip stop and that is dificult so........

http://www.forexlive.com/136904/all/...ible-downgrade
The Chonchy
  • #300,688
  • Oct 5, 2010 2:14am Oct 5, 2010 2:14am
Quoting Tkb
Feels to me like BOJ is intervening again. Market sentiment just changed.
Not yet... all talk again. Intervention leaves a big footprint on your charts and this is just speculators anticipating. I am still sitting on my hands until it reaches my demand level where they intervened last time. Maybe they will wait for price to go even lower before they actually start selling their own currency again!
  • #300,689
  • Oct 5, 2010 2:14am Oct 5, 2010 2:14am
Quoting PayTheLimit
I'm looking for a 30min sell setup
It "may" turn into it ...unexpectedly
They think they are smarter than I am.
  • #300,690
  • Oct 5, 2010 2:14am Oct 5, 2010 2:14am
Quoting Z3iz3i
30min bull setup developing...
yes agreed but it fails if 30 min closing below 3717 if yes then can re-visit 3680-85 area.. if above then 3731 and 3763 will be the next target..
  • #300,691
  • Oct 5, 2010 2:14am Oct 5, 2010 2:14am
Quoting infinitus
This number comes from Elliott Wave International (http://www.elliottwave.com)

and they got their numbers from trade-futures.com (Jake Bernstein)
hi markus,

you didn't put your c-label in this place by coincidence, did you? i got this result on my calculator yesterday, and i was like... wtf... dreams come true.
  • #300,692
  • Oct 5, 2010 2:15am Oct 5, 2010 2:15am
I think we need to see 3725/30 to keep the bulls happy..
Look Sharp/Trade Tight
  • #300,693
  • Oct 5, 2010 2:19am Oct 5, 2010 2:19am
Quoting kuroro001
This hour will give us the direction.
I'm waiting the close, i'd like to take a short if the opportunity's there.
I got entrie orders at 3750, 3800, 3850 and 3900 sl +1 ASAP
The Chonchy
  • #300,694
  • Oct 5, 2010 2:22am Oct 5, 2010 2:22am
Quoting Tkb
Feels to me like BOJ is intervening again. Market sentiment just changed.
Put yourself in the BoJ shoes. Now where would YOU weaken your own currency? Above the levels you had recently sold, below the levels or at the same level?
  • #300,695
  • Oct 5, 2010 2:22am Oct 5, 2010 2:22am
Retrace to 50% fib , ok , long still there & waiting more up for short to take at or above 3750 .For a very strong & very big wave down like this if true so far 50% retracements is more than enough though .
waiting ,
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: eu1.gif Size: 11 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #300,696
  • Oct 5, 2010 2:23am Oct 5, 2010 2:23am
Quoting bbakker
Not yet... all talk again. Intervention leaves a big footprint on your charts and this is just speculators anticipating. I am still sitting on my hands until it reaches my demand level where they intervened last time. Maybe they will wait for price to go even lower before they actually start selling their own currency again!
Well there is also a time element. They have two more days until the Chinese come back from holiday.
  • #300,697
  • Oct 5, 2010 2:24am Oct 5, 2010 2:24am
PA negative under 3725 in my view, looking for a short opp....
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.gif Size: 21 KB
Look Sharp/Trade Tight
  • #300,698
  • Oct 5, 2010 2:25am Oct 5, 2010 2:25am
Quoting nawafasad1
so i m a loser cause i went short at this level with 15 pip s loss . but why you think we going to get a new high at this stage
Hello Nawafasad,

thanks for your question.

The answer is, that there is a valid Elliott Wave count, which would allow a new high. See attachment.

I have searched the last days to eliminate the need for this down/up sequence and I found the solution which is my top alternate count (and right now I think to make it my top count, but I will wait and see how things develope).

Even my main count would need one more new up (second attachment)

Right now we are in an up wave, which looks very corrective. It may try to reach the base channel for a test at 1.3741 to 1.3766

In a view minutes I will provide an update on my blog.


Hope that helps.

Many pips to you,

Markus
Attached Image(s) (click to enlarge)
Click to Enlarge Name: alternative count night 10022010 1h eurusd bearish eur mm p 256.jpg Size: 225 KB
Click to Enlarge Name: main count 10042010 morning 5min eurusd bearish eur mm p 256.jpg Size: 209 KB
  • #300,699
  • Oct 5, 2010 2:27am Oct 5, 2010 2:27am
Quoting chonchy
I got entrie orders at 3750, 3800, 3850 and 3900 sl +1 ASAP
Too high for me, i want to short now for 1,3575, but i'll wait hourly close no matter what!!
Stick to the plan!
COT: The precious data ignored
  • #300,700
  • Oct 5, 2010 2:28am Oct 5, 2010 2:28am
This dip should be bought, waiting to see some volumes.
They think they are smarter than I am.
408 traders viewing now, 1 is registered:
Yaruki