EURUSD

PLease draw it on 4h - thank you

Let's be honest, it's just a damn where the course is. I'm usually just a few minutes invested.

My analyse for today.

FIBER on daily already break through upward TL, today was a pullback almost 61,8fibo, and heading south.
My targets are
TP1 3190
TP2 3120
TP3 2860 (in longer term)

on 4H chart there was price rejection near 61,8 level, now price goes through 61,8 level from todays upmove (not closed yet on higher TF)

on h1 chart there is no bullish signal yet for me, still creates Llow, Lhigh

for me important MA 10,20,100,200 are on 1h,4h supporting this down move

Time will tell and good luck to all

Cooperate on what? You asked nicely and nobody responded because face it, most people here either don't care, have no idea (demo accounts) or are trying to push their agenda onto you so they feel safe about their trades.

If you wan't my oppinion and im certainly no expert on trendlines, those look very bad, it's friday anyways and its the last trading days for most fund managers and banks so all your analysis will be shot to hell once the market stars going batshit insane next week.

Try redrawing lines either way...

good but to be honest the way you trade i would not be surpriced that you blow your account in a week good luck

Thanks, I get it... but I need to know it on a broader context.

On 70's and 80's level.

Its friday. Time to withdraw this weeks profit. I'm done for the week.


Good luck to all your short & long.

Enjoy the weekend, try another hour then I'll be gone too (probably till New Year)

a longer term a break of 76 and a weekly close under is totally bearish and on the upside 85 86 but as i said before for now look for 80.30 any close above that we will see more upside thats my prediction you never know what happens

Thanks and the same to you. Enjoy the weekend.
Don't let go the profit that you work for this week.

GL

To add to the Friday roller coaster ride, today is quadruple witching Friday in the US markets. Things have the potential to be extremely volitile today. http://www.thestreet.com/story/10949...-witching.html

Thank you for your post also. I would like to explain that for me fundamentals is more than just the news. It is price action, technicals and most important of all, THE FLOW OF FUNDS in and out of Asset Classes.

Over my 7 years of FX trading experiences I have learned many lessons. I have made many mistakes learning my trade. There is much work involved in what I do. Those that expect to invest one or two hours a day and hope to get rich or in for a rude awakening.

Please allow me to explain what are the most important fundamentals to watch and why.

This as applies to EUR/USD and not necessarily every other currency.

One asset class changing affects another.

If the Dow were to go down over 100 today the chances are good that EUR/USD will test 1.3200.

Why ? The money flow however there sometimes are cross currents all occuring at the same time. When the 2 Year US Bonds and 10 Year US Bonds sell off then the money has to flow somewhere. They usually flow into Gold and Oil and other currencies HOWEVER what happens if Moody just downgraded Spain so now the Euro is out of favor.

Rather than give examples I will show in real time how the money flow moves the CHARTS not the other way around. Of course support and resistance on the charts is also very important since the Powers that be know those points and where the stops are on both sides.

Forex is a rigged game and if you do not know the rules of the game you are doomed to lose. I am willing to share some of my observations here if it helps some traders improve. I just ask for you to have an open mind and be willing to learn.

Now to look at the Benchmarks again about one hour before North America opens.

Then I will share some things that occur regularly in the Forex markets at 10:00 AM and 11:00 AM

Knowing this in advance gives me my edge. Understanding why EUR/USD goes up or down gives me an edge.

Short covering, Option expiry at 10:00 AM Europe close between 11:00 and Noon each day. These are all part of fundamentals I use. I use charts of course for entry and exit. I use live feeds for news. I always have the TV on watching the live markets. Those are my real charts.

Here are the new benchmarks;
EUR/USD 1.3261
EUR/JPY 111.37
USD/JPY 83.98

2 Year US Bonds .64%
10 Year US Bonds 3.40%

Spread is 2.76%

Gold $1,375.20 US
Oil $87.55 US

US Dollar Index is important based on Technicals and Support and Resistance such as OVER 80.00 or UNDER for the moment.

She getting ready to blow buddies break down 3250

Hi Jonnyrei,

out of Elliott wave sight I am inclined to say, that this recent move down is only a bounce. The move up this morning went very high, so that immediate bearish scenarios were invalidated.

Judging from the structure of the recent down move I can count 2x 7 waves down. 7 waves are corrective. Now we have round about 62% of the upmove retraced. It may go up now.

The whole sideways movement of the last days is lacking clearly impulsive moves. It is easier to count threes. Therefore I have labeled the moves wxy.
That means, I do not expect an clear impulse as last move up, but definitively do I think that odds favor up so far.

A clear breach of 3183, better 3153, best 3122 will force me to recount.

Maybe (small possibility) the move up today was kind of a failed C (or running C wave - did not travel the full way). But like I said: recent movement down looks corrective.

For me no more position trades until situation is clear. I will only scalp now. I held my shorts this morning way too long (spanking), covered them frustrated at 3340 only to watch deterioration of price a few minutes later. Well, think I have to study Gatorinla and others method of determining the pivots and resistance lines.

Yeah, I understand all of that. Based on what you're seeing, how do you expect US equities to act today? Up or down? I can currently make a case for both but I haven't been watching where max pain is for OpEx.
Based on that, I'll anticipate an opposite move in the EURUSD but not trade it yet.

Did anyone else here buy euros' with me at 3250?


Target 3330 tp

3250 does not have any sellers, its too low in this uptrend to sell that low.

ABC pattern with bullish Hidden divergence on the m30.
If the h1 cci 31 goes thru 0 line to the downside, then this set up is void.

Good morning goods. Congrats on your trade

my account 5% up today so far from just scalping down eu and gu...
see this chart for the big move about to develop on eu..
good luck
anna

PS trendlines rule (in the hands of a girl)