EURUSD

how much you guys charge for incoming wire transfer fee in US dollars

You can wire multpiles of $10k to me. I don't charge.

All Day, Everyday...send your donations.....

I mean your bank

waiting on this one still

You gonna add, or wait for bounce? I've got a small one in on the break. Retest but no follow through yet.......I don't think this one is going to come easy...

Hi good morning guys?? how is everyone doing?

There were two incident when EU close below 55 sma on weekly
a) One Oil fail from around 147
b) Greece Problem

Now What Next???


Will we see that 1.18xx area again on EU???

Yes. But as gator says....it don't have a watch. We could go up before down. Every tick up weakens the EZ further....

it may act as support.. i dont know. but if we do bounce over 3333.9 we should test the last high... at 3360...
if we db at 3284.6 then bounce to 3413.3 then 3557 is not out the realm of possible.
3358 ?

with all these debt crisis and problems in the euro zone..i dont think bulls are around that much..bears dominate imo. currently at a major demand zone. we just wait and see

I've got 3456 off a 4H.....

I believe (a) is around the time of the 2008 US bank bailouts.

I practice VSA, but like every system or indicator, it's not consistent nor exact. Don't forget that a portion of those volumes include selling ticks - that's one of the reasons they're getting bigger. In terms of pure PA, yes there is buying going on at certain levels and certain sessions but don't forget it is all relative volume, to the session. The buying can include legitimate currency needs, ie., the middle east buying for debt repayment (makes sense to do it at better rates), buying for transfer payments like the UK does monthly, and a host of other real life business needs - not everyone is trying to flip it like you and I.

For VSA, it's important to keep the bigger H4/daily picture in mind too: clearly the reason for the decline since 1.42x is supply overcoming demand; a bit of buying here and there, along with visible and larger selling of the rallies on a M5/M15/H1, is accomplished background price action that is ground into the current rate, momentum & trend.

Can't forget the fundamentals either ... compared to the Greek crisis and the sell off when it started, I don't think we've seen the big move yet, given this much larger scale Irish bank crisis.. Recall the Greek crisis was the first one, but it was not primarily a banking crisis. Ireland is. The financial markets are selfish and care about finances, not people, and Irish banks going belly up would incur significant loses throughout the big powers in Europe, and potentially set off a domino effect, hence the graveness of this crisis vs. Greece. Start factoring in the overall unimproving financial prospects, the much bigger jeopardy of Spain, forgotten Dubai, and the euro takes centre stage, while the US has actually been here, seen it's share of defaults, and has baby rays of sunshine showing through.

But more importantly, this video from Ashraf Laidi does an excelent job of contrasting the euro's past chart movements against the 55 week average, which when passed on the way down back in Jan 2010 due to Greece, saw a further 15% decline in the euro; same thing happened to after Aug 8 when it again crossed. Yesterday, the euro closed below the 55 week moving average again. Chance are quite good it will lose another 15%, if this week's close is below 1.3440.

Contrast that against the DXY 200 weekly MA. DXY is heading up, & if it closes above 79.8. It is quite likely heading for the 55wk MA at 80.55. And of course, the euro and DXY are inversely yet highly correlated.

I won't spoil the rest, but it makes much sense. Enjoy: http://bit.ly/fZp6Yn . Get more and lots of great tips on his twitter: https://twitter.com/alaidi

I suspect a lower volume today as thanks giving day no bulls wants to take a risk and market is dominated by bears so expect some slow movement towards down........

I wonder how long it will be before we see a ramp job over a Spain bailout....

someone has to be on the other side of my profit.

it may not matter. Germany may get tired of writing checks,

The purse strings have to be getting tauter. Right after the Ireland bailout is announced.....and we're already hearing about Spain. They want the equivalent of a blank check. And if ever there was a group that knows how to throw a good riot.....it's the Irish.

what a red candle it would be.

stan

I dunno if it can even be avoided at this point. They can't print. And they likely won't be able to change the rules. Germany will not go broke just to save the rest.