EURUSD

Not so bad as well ...


;-)

Ok , all seeing the wedge perhaps & still waiting for the outcome to confirm & may the new real wedge to form & work if .
good picture , carry on .
fontu

up

will take weeks for a true reversal

I am seeing EU at 1.4070 right now. Already 30 pips gap up, and 40 for some brokers... woo hoooo

Lets see

daily ...as one fellow pointed out wedge

IF we get a daily close under 1.3920 it is a break down of the tl since 1.2650

If nothing else we will see 1.3700 , this breaks 1.3300. simple s/r and resistance areas. also so happens that 1.33 is 61.8 of this up move.

if 1.4160 taken out then this is another break outs of the failed top break that happened last week. then and only then can we call 1.4500 as , for now anyway , professional money has probed the area above 1.4200 and the sellers hit eu HARD

add to this bearish price action the fact that I see buyers on dx and the bear div in rsx ... I just do not see the case for calls to 1.4500 ... not yet anyway

Hello buddies,
while its weekend Just had some thoughts on the use of moving averages.

Which to use ?
intraday ,and am gonna be looking at 5 minute timeframe for entries.

So to add some reason to why to use a particular period I,ll say i want to know what the hourly trend has been.
How?

60 minutes in a hour i'am on 5 minute t/f so 60 divided by 5 =12 so 12ma
So i have now at any point in my graph got a figure of the average price in last hour and a line showing which direction up/down.
you want know average price for day and the trend direction 24 hrs=5 mins times 288 so 288ma gives you average price for last 24 hrs and the trend.

Moving average story.

I was daydreaming in the countryside ,trying to decide which way to walk,
that would be the easiest and take least effort.
I stood in the country throwing stones into a stream ,then I thought ok cant decide.
Right downhill would be easiest .
But the field is flat hmm.
Then it hit me use the river as a moving average .
Highly unlikely to be flowing uphill.
So I'll follow the flow it should continue at least till it gets to a reservior or the sea.
As i walked i came to a hill as i walked up the hill i thought maybe i was wrong about the water flow? but i know the river runs for miles I've only been walking few hundred yards.Ok trust what i know.
Sure enough i started to walk down the other side of the hill it was steeper and longer than the walk up the other side.There were a few of these hills but overall it was easier than if i had walked the opposite direction. The more hills i came across the more confident i was.

I kept an eye on the river how fast it flowed and that i was still with the flow.and that the walk up the hill was still easier than the walk down as Iam a bit lazy and dont want to try to hard lol.
After this happening a few times i came to a reservoir that was low from the hot weather. I knew that it would take quite a while for the reservoir to fill back up to a point were the water would flow out again.
I thought about having a swim in the reservoir but i know it can be full of danger and you can drown.Some say there are sharks in this reservoir ,man eating fish!!!!! ..
I'll stick to the streams and rivers were small fish are the deep reservoirs are were the big fish are living and eating.
Ok i had a great walk to this point, time for a break wait for water to accumulate and flow again.


Notes :
stream /river = trend
hill = retrace
reservoir = range/consolidation.
me = nutcase

Just some thoughts if you try to stay in a trade past the first retrace.

weakness has appeared for sure

very high vol last month and price has not gone anywhere ... that is sellers hitting the market

If we get a move to 78 .6 at 1.4480 this is an ideal sell area for a 2000 pip trade

just need to see if 1.4150 taken out again in the coming week

I agree Malcolm. Over 1.44 would be a great area to sell

Seven Bullish U.S. Dollar Charts You Should See

http://www.marketoracle.co.uk/Article24085.html

something to read........

Not the only one. If it cracks through we could still see this last upmove, wich in my opinion is required to finish the patterns.

Fits anyway with my earlier analyzes #320550 why I think price will reach 4325/75, before turning down.

Hi there, my first post after following this thread as a guest for some time.

Tomorrow i'll be trading a retracement of Friday's downmove => 1.4150

@Hourly:
We're at 200MA, Trendline, 50% Fib and indicators could use a move up.

@Daily:
With current wedge as an ending diagonal(wave 5), i wouldn't be supprised for a bulltrap touching daily trendline(~1.4500).
Tomorrow will be critical, a top is near.

Looks like professional money is buying. Here is some thing for you to watch about gaps

http://www.fxstreet.com/webinars/ses...2-58e60f5d5814

Very nice they are for sure & feel comfortable with my long term analysis actually ,dollar unfolded big up . Thanks for the link , first time I see technically I may be right here done without any help from outsides.
fontu

Nice chart...

Some strong cases being made for both near-term bull and bear moves in EU...

Let us not lose sight of the fact that it is not about being right or wrong, but rather about being profitable and let us also not lose sight of the fact that in this business there are no certainties, we only deal in probabilities...

Looking forward to the start of the new week...

Green pips to all...

Your analysis are as good as always and really happy that this links help you to feel comfortable with your long terms analysis

One more before bed..........

Guys if you are in twitter...... follow this user @gtrader444

Everything depends upon you but her call is just awesome....

Very true. All we can do is bet on what we think is the next move and many times the market tricks us believing the opposite. With the right system and mm, losing is part of the game for sure.

Thanks not not always , audusd as thought with other currencies but unfoled just opposite , going with gold as ok unfolded big up about 1500 move now fall above 1000 & up next 2500 all approximate irrespective of any currencies & after this thing I was always doubtfull outcome to other pairs also .
anyway nodoby knows what will actually happen , just technically ok thats all . Future can prove wrong everybody in this world.
fontu

Fontu........

do you see 76.66 area as some reistance for dollor index........ or would love to see your 1 hr dollor index chart..........