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EURUSD

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#318,401
Nov 3, 2010 4:09am Nov 3, 2010 4:09am

PayTheLimit
Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts

Quoting kuroro001

Disliked

Side line as well.
I do not like the PA

Ignored

say K, do you still trade AUD/NZD?...

Look Sharp/Trade Tight

#318,402
Nov 3, 2010 4:13am Nov 3, 2010 4:13am

sisse
Joined Mar 2010 | Status: Technical Fundamentalist | 11,563 Posts

I agree QE today is a difficult one to read. It's not only the size of QE but if the FED leave the door open for further QE. Also with 0 room of maneuver for monetary policy (interest rate) and with the awful possibility of a vicious circle of high unemployment and deflation and with the US macroeconomic issues (fiscal deficit, etc) and the political gridlock for the next 2 years (0 room of maneuver for both sides: financial regulation and extra fiscal expending) and the political implication you just mentioned. I believe that is better to see how the crowds react because in today readings not even the most so call "expert" in big financial firm dare to make a forecast.

In any case, let see what happens and I thing this quote summarize FEDs problems.

“Think of the Fed as a group of soldiers in a fox hole. They have fired their bazooka and their rifle ammunition by cutting rates to zero, and now they are using their pistols,” said Ethan Harris, chief North American economist at Bank of America Merrill Lynch.

sisse

Quoting DMA Trader

Disliked

I am usually very good interpreting the fundies but I really don't feel at all comfortable with today especially that republicans are against the idea of BIG FED Big Bernanke. So Some of the unconditional support for Bernanke was lost in the election. and I don't see anybody saying something about this.

So we also have some politic issues now putting pressure on FED. The whole idea about Bernanke doing survey to see how everyone expects the QE to be scares me. Media hype is 500 bln while GS is 2 trln. So go figure.

Ignored

Pending conversations? PM for a chat...I am mainly in OTM now

#318,403
Nov 3, 2010 4:14am Nov 3, 2010 4:14am

kuroro001
Joined Jul 2007 | Status: Trader | 17,796 Posts

Quoting PayTheLimit

Disliked

say K, do you still trade AUD/NZD?...

Ignored

Yeh but way less than i used to. I got my attention on eurusd and gbpusd.
But for audnzd there was a good opportunity to short it on top for a move back to 1,2700

It is the best scalping pair

COT: The precious data ignored

#318,404
Nov 3, 2010 4:18am Nov 3, 2010 4:18am

PayTheLimit
Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts

Quoting kuroro001

Disliked

Yeh but way less than i used to. I got my attention on eurusd and gbpusd.
But for audnzd there was a good opportunity to short it on top for a move back to 1,2700

It is the best scalping pair

Ignored

What time frame do you use for AUD/NZD?

Look Sharp/Trade Tight

#318,405
Nov 3, 2010 4:22am Nov 3, 2010 4:22am

Warwick
| Joined Nov 2009 | Status: Risk Junkie | 778 Posts

Everything is bid against the USD .... Incredible.

#318,406
Nov 3, 2010 4:23am Nov 3, 2010 4:23am

kuroro001
Joined Jul 2007 | Status: Trader | 17,796 Posts

Quoting PayTheLimit

Disliked

What time frame do you use for AUD/NZD?

Ignored

H1 chart, and 5mn for scalping it

COT: The precious data ignored

#318,407
Nov 3, 2010 4:24am Nov 3, 2010 4:24am

PayTheLimit
Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts

Quoting kuroro001

Disliked

H1 chart, and 5mn for scalping it

Ignored

thanks...

Look Sharp/Trade Tight

#318,408
Nov 3, 2010 4:24am Nov 3, 2010 4:24am

DMA Trader
Joined Nov 2008 | Status: Full Time Trader | 10,867 Posts

Quoting sisse

Disliked

I agree QE today is a difficult one to read. It's not only the size of QE but if the FED leave the door open for further QE. Also with...

Ignored

spot on buddy

Rule No.1: Never lose money. Rule No.2: Market is always right !

S&P 500 WTI/USD

#318,409
Nov 3, 2010 4:30am Nov 3, 2010 4:30am

fontu
Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts

Die hard bull in usdx took position to show something , not allowing any failure , not hope any great but a spike up for sure perhaps .lets see how much eu bear/spike down may do.

eu not short cut bull but gu doing towards my tp 6145, good .shorts eu also should do good scalping , sl at be tp 4009 & go for now .
fontu

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Not understand?better not follow my analyses!doubt clearer first, risks ++

#318,410
Nov 3, 2010 4:33am Nov 3, 2010 4:33am

Trade Rapper
| Joined Nov 2010 | Status: Trader | 4 Posts

Quoting mercy seat

Disliked

Hello Trade Raper,

thank you for your well formulated views ... incl. your chart grafics ... which shows the three parts of upmoves and your 127.2 % fib-enhancement (now I understood what you mean) ... I will try to reply from time to time ...

OK ...

I wrote ... as follows ... and this should be taken as my kind of TA outlook for today ...

Simplified Daily Outlook For EUR/USD :

Fine ... may be ... may be not ... move structures looks as if completed already or as if prior to an end of bullish wave ... but can...

Ignored

Thanks Mercy for the input, I understand your stance and appreciate your basis for your analysis. Also, I forgot to mention that at the tip of the third peak we have a very significant candlestick pattern formed here.

We have a shooting star at the top of the third peak, indicating that this high is very hard to break. This pattern is known for signaling that the bears are taking over the market and a strong reversal is taking place. Correct me if I am wrong please, but this candlestick pattern along with the three drives indicates reversal is near and diving to the trading levels of the previous days. So all in all I will be very surprised if the current high of today on the EUR breaks. However, I see tons of high impact news headed our way so this could prove a problem for me, I will be liquidating before any major news hits.

Machs gut!

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#318,411
Nov 3, 2010 4:35am Nov 3, 2010 4:35am

Merry
| Additional Username | Joined Sep 2010 | 307 Posts

http://www.actionforex.com/trading-s...0101103125841/

#318,412
Nov 3, 2010 4:36am Nov 3, 2010 4:36am

PayTheLimit
Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts

Some light resistance trying to form 4035/37, would like to see a test of 4017/19 to see if that brings any buyers in...

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Look Sharp/Trade Tight

#318,413
Nov 3, 2010 4:37am Nov 3, 2010 4:37am

yaser2us
| Joined Jul 2010 | Status: Stochastic Hunter | 176 Posts

hi guys, Mr Hatch,Fontu and Other guys.

it is my chart, Blue Bollinger 50, Red Bollinger 20, according to bollinger 50 upper band, it could be target but at red bollinger it is esqueez and upper bollinger band now, today, is open for having long.

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Good companion, is a trophy.

#318,414
Nov 3, 2010 4:39am Nov 3, 2010 4:39am

mercy seat
Joined Mar 2010 | Status: Trader | 42,434 Posts

Quoting mercy seat

Disliked

European Forex Technicals: EUR/USD Poised For Rally To 1.4161
3 Nov 2010, 08:24

By Francis Bray
A DOW JONES NEWSWIRES COLUMN

LONDON (TRADING Central)

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2010-11-03_08h24_European Forex Technicals - EURUSD Poised For Rally To 1.4161.pdf (12.8 KB)

Intraday EUR/USD: Bulls look to have taken control of the near-term following Tuesday's push above...

Ignored

Simplified Daily Outlook For EUR/USD : Mid-Morning Europe

Fine ... may be ... may be not ... move structures looks as if completed already or as if prior to an end of bullish wave ... but can easilly go further ... with a fourth peak ... etcetera pp ...

I expect to see a move towards 1.4076 (in Samurai Session possible) as long as 1.3991 zone (Daily Central Pivot) will offer some support ... in other words 1.4009 - 1.3991 should be tested ... but we do not know if this might hold or not at this stage ...

Elliott : points still to the upside same way as yesterday ... 1.4079 is our point to watch out for at first ...

;-)

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2010-11-03_10h00_ChartStation_EURUSD 120min _ 001.PNG (128.6 KB)

1.40467 has been highest after first test of daily PP zone ...

1.4044 represents 92% level of previous days range upside ...

1.40584 has been our previous days high ...

should be crossed soon ... otherwise one more pullback in the cards again ...

timing is an important theme as well ... in other words ... if not crossed soon ... then we have had our fun prior to lunch time in good old Europe at first ... and we will cover some larger parts ... before heading to the lunch ...

so what (?) ... nobody did die from taking a little profit to the safer side from time to time ...

be active ... always play with your 'break even' at specific levels of reaction ... pre-calculated reactive points ...

but don't touch it in the zones of running between the fences - let it run then - you should see the typical electro fences between those areas before you touch it ... zing !

;-)

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