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EURUSD

  • #304,461
  • Oct 11, 2010 7:42pm Oct 11, 2010 7:42pm
Quoting mercy seat
http://cdn.forexfactory.com/images/attach/png.gif 2010-10-12_00h53_ EURUSD _ 005min _ (all ind).PNG (45.7 KB)



Outlook:

Elliott :

Projection : Correction ZigZag 1.3834 or irregular flat down 1.3793 from 1.4013/ or 1.4029 ...

Valid as long as 1.3899 - 1.3919 may act as a resistance zone ... 1.3940 would dampen this view ...

Pivotal Strategy :

As long as above 1.3862 - 1.3852/ 49 zone...


ASIA DAILY FOREX OUTLOOK - Majors
12 Oct 2010, 01:42

SINGAPORE (Dow Jones)


http://cdn.forexfactory.com/images/attach/pdf.gif 2010-10-12_01h42_ASIA DAILY FOREX OUTLOOK - Majors.pdf (14.8 KB)



EUR/USD - to trade with risks skewed lower. Weighed by profit-taking on EUR-longs, recent jawboning on euro strength from Euro-group President Juncker, lingering concerns over economic & fiscal health of peripheral euro-zone nations. But EUR/USD losses tempered by EUR demand from sovereign central banks, IMF saying it would be open to extending Greek loan repayments; expectations of more QE measures from U.S. Fed. Data focus: 0600 GMT German September CPI, WPI; 1620 GMT ECB's Trichet speech. EUR/USD daily chart negative-biased as stochastics turned bearish at overbought; positive MACD histogram bars contracting, pointing to increasing downside risks. Support at 1.3864 (yesterday's low), then at 1.3833 (Friday's low); breach would expose downside to 1.3797 (Wednesday's low), then 1.3635 (Oct. 5 low), 1.3617 (Oct. 1 low) and 1.3558 (Sept. 30 low). Resistance at 1.3955 (hourly chart), then at 1.4011 (yesterday's high) and 1.4030 (Thursday's high); breach would reinstate near-term positive bias, exposing upside to 1.4197 (Jan. 25 high), then 1.4216 (previous base set Dec. 22, 2009) and psychological 1.4500.


;-)
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File Type: pdf 2010-10-12_01h42_ASIA DAILY FOREX OUTLOOK - Majors.pdf   15 KB | 391 downloads
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #304,462
  • Oct 11, 2010 7:45pm Oct 11, 2010 7:45pm
Quoting gatorinla
first you have to find a trading style. you cant come here and take advice from 20 different people all with different styles of trading. you will automatically lose. what is your trading style and tf you like?
Hi Gatorlina, I had been using the 5 min tf and now 15 min tf with another open at 30 mins just to show the movement. I sometimes look at 1 or 4 hrs to get an idea of what has gone before.

My trading style needs a lot of perfecting; it's mainly hard slog. If I am lucky I can win but if I lose I can make it back by sitting at the computer for ridiculous hours. I've been known to work constantly for a day & night and all the next day too with hardly a break to eat. Oddly I don't seem to need much sleep but too much staring at the screen leaves my eyes shot and takes a serious bit of rest to recover. Yes I can hear you say, I definitely need to re-think my trading plan.

Anyway, for now I'm off to seep. I'll do some serious thinking over the next few days, genning up on the course notes I still have and information I found tonight on what you call 'swing trading'. Sounds good, sounds like a plan. Night Gator
  • #304,463
  • Oct 11, 2010 7:58pm Oct 11, 2010 7:58pm
Correction coming perhaps?......too soon to say, but worth watching imo
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #304,464
  • Oct 11, 2010 7:59pm Oct 11, 2010 7:59pm
Someone's not letting this below 385. Hmm.
  • #304,465
  • Oct 11, 2010 8:00pm Oct 11, 2010 8:00pm
Quoting Venice
Someone's not letting this below 385. Hmm.
Patience....
  • #304,466
  • Oct 11, 2010 8:01pm Oct 11, 2010 8:01pm
Think it's time for a nap... this is getting no where fast... Bias remains short but do not currently hold a position.
  • #304,467
  • Oct 11, 2010 8:03pm Oct 11, 2010 8:03pm
Quoting kuroro001
Price action shows a downside move...towards 1.3880 first...then we'll see once it goes there.
1.3940-50 might be a good place to short it unless you're already short
Price finally reached 1.3880...it was so slow yesterday i let my shorts run and went away.
next stop is 1.3830...once it clears that level it goes straight to 1.3770

we'll see once london opens
cya there
COT: The precious data ignored
  • #304,468
  • Oct 11, 2010 8:04pm Oct 11, 2010 8:04pm
There it is Gator 3855
  • #304,469
  • Oct 11, 2010 8:04pm Oct 11, 2010 8:04pm
Quoting realjumper
Correction coming perhaps?......too soon to say, but worth watching imo
Did you pull the trigger yet based on daily tf. Tempting, Even me...but I have an old utl around 1.3825 that preventing me to do so among other things.
If you do your sl must be at 1.403 @ $10 a pips thats quite a lot...
E
  • #304,470
  • Oct 11, 2010 8:10pm Oct 11, 2010 8:10pm
about time
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those who can, do. those who cant, talk about those who can
  • #304,471
  • Oct 11, 2010 8:11pm Oct 11, 2010 8:11pm
Quoting Estero
Did you pull the trigger yet based on daily tf. Tempting, Even me...but I have an old utl around 1.3825 that preventing me to do so among other things.
If you do your sl must be at 1.403 @ $10 a pips thats quite a lot...
E
No. I'm not ready to short this yet, I'm watching and waiting!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #304,472
  • Oct 11, 2010 8:11pm Oct 11, 2010 8:11pm
Quoting realjumper
Correction coming perhaps?......too soon to say, but worth watching imo
hey on the 4 hour chart it ooks like it broke through the trend line. This might signal shorts. but let see..it also looks like there is gradually no more supply...hmmm
  • #304,473
  • Oct 11, 2010 8:13pm Oct 11, 2010 8:13pm
Quoting pip1hunter
is a lot short position in commercial company for yen http://www.cftc.gov/dea/futures/deacmelf.htm
they put those positions on based charts. so do i
those who can, do. those who cant, talk about those who can
  • #304,474
  • Oct 11, 2010 8:13pm Oct 11, 2010 8:13pm
Quoting Pipwanderer
hey on the 4 hour chart it ooks like it broke through the trend line. This might signal shorts. but let see..it also looks like there is gradually no more supply...hmmm
Yeah, but no real power behind it yet.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #304,475
  • Oct 11, 2010 8:14pm Oct 11, 2010 8:14pm
Quoting Lorna
Hi Gatorlina,...
1 .as of now you must stick to swing trading that means you will rely mainly on 4 hour chart together with higher tf like daily & weekly for trend direction.

2. use a wide sl at least 50 - 100 pips with at least a tp of 100 - 200 pips.

3. trade only one at a time with maximum 5% of your account focus only in E/U don't bother on any other pairs you will only increasing your risk. the risk in forex is always correlated so trading a lot of pairs or simply over trading won't help you decreasing the risk.


those are basic rules. soon you will find your own trading style that suit your personality but i'm sure you will loss a lot of money dependeng on your money management so atm stick to micro account only.
  • #304,476
  • Oct 11, 2010 8:15pm Oct 11, 2010 8:15pm
Quoting Lorna
Hi Gatorlina,...
later .. dont get none on ya.
those who can, do. those who cant, talk about those who can
  • #304,477
  • Oct 11, 2010 8:16pm Oct 11, 2010 8:16pm
Quoting Venice
Someone's not letting this below 385. Hmm.
the level was mentioned..
those who can, do. those who cant, talk about those who can
  • #304,478
  • Oct 11, 2010 8:17pm Oct 11, 2010 8:17pm
Quoting realjumper
Yeah, but no real power behind it yet.
but the hourly chart is no exception looking to go further to next support 1.3840
  • #304,479
  • Oct 11, 2010 8:19pm Oct 11, 2010 8:19pm
Quoting realjumper
Yeah, but no real power behind it yet.
Do you trade the NZDUSD usually...it has some pretty good moves..just like the eur gbp
  • #304,480
  • Oct 11, 2010 8:22pm Oct 11, 2010 8:22pm
Quoting Pipwanderer
Do you trade the NZDUSD usually...it has some pretty good moves..just like the eur gbp
I do trade it occasionally, but not often......I only buy that pair because the sell rollover is too high
Doing what you like is Freedom. Liking what you do is Happiness.
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