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EURUSD

  • #349,081
  • Dec 20, 2010 8:34am Dec 20, 2010 8:34am
Ok, check out H4 peeps. Stochastics reversing.
  • #349,082
  • Dec 20, 2010 8:35am Dec 20, 2010 8:35am
Quoting jezek5
Sorry,didn't think anyone would bother looking at a 5 min dx.
Thought you posted euro.

No worries eu has a bear flag so...

lets see if follow through
Know when to hold em, Know when to fold em!
  • #349,083
  • Dec 20, 2010 8:35am Dec 20, 2010 8:35am
Quoting PhAnTi'
what about germany?
Dunno. Just saying...
  • #349,084
  • Dec 20, 2010 8:35am Dec 20, 2010 8:35am
Quoting gatorinla
anyone got any news, on Moody downgrading France?

ttp://www.bloomberg.com/news/2010-12-20/france-s-aaa-grade-at-risk-as-rating-downgrades-sweep-europe-euro-credit.html
  • #349,085
  • Dec 20, 2010 8:36am Dec 20, 2010 8:36am
Quoting TraderAlbi
:-)

did you eat a clown ?
Pretty tasty apparently.
  • #349,086
  • Dec 20, 2010 8:36am Dec 20, 2010 8:36am
I respectfully disagree with your immediate USDX bullishness. Know that EURUSD consists of 70% of the USDX.

The USDX is a weighted instrument. But its already showing weakness, at least for the intermediate term.

This is pretty simplistic, trading does not have to be overly complicated.

Attached Image (click to enlarge)
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This translates to a bull move in EURUSD. As mentioned earlier I am looking for 1.3250+

I mentioned how I am playing it in earlier posts.
  • #349,087
  • Dec 20, 2010 8:39am Dec 20, 2010 8:39am
Quoting fxvoilaaa
Funny tasty apparently.
FTFY
  • #349,088
  • Dec 20, 2010 8:39am Dec 20, 2010 8:39am
Quoting fx|green
I respectfully disagree with your immediate USDX bullishness. Know that EURUSD consists of 70% of the USDX.

The USDX is a weighted instrument. But its already showing weakness, at least for the intermediate term.

This is pretty simplistic, trading does not have to be overly complicated.

Attachment


This translates to a bull move in EURUSD. As mentioned earlier I am looking for 1.3250+

I mentioned how I am playing it in earlier posts.
LMAO disagree all you want. I am allowed to have my viewpoint. You have yours
Know when to hold em, Know when to fold em!
  • #349,089
  • Dec 20, 2010 8:40am Dec 20, 2010 8:40am
I pointed out the bull flag in the context of a 4 hour chart to show the divergences. It could play out, but its showing too much divergences for my taste. Momentum is not on your side and the accumulation of prior weeks in the EURUSD makes it a dangerous play.


The market is all Supply/Demand. So a big fish can come and ruin all of the technical analysis someone does. Till then though, I am sticking with the long as mentioned earlier. All dips are buy.

1.3250+ is initial goal with a potency for 1.3300 and then 1.3400+ for a painful short squeeze for those who keep trying to short on the upcoming rally.
  • #349,090
  • Dec 20, 2010 8:42am Dec 20, 2010 8:42am
Sorry, not 70

 

  1. Euro (EUR), 57.6% weight
  2. Pound sterling (GBP), 11.9% weight
  3. Canadian dollar (CAD), 9.1% weight
  4. Swedish krona (SEK), 4.2% weight and
  5. Swiss franc (CHF) 3.6% weight.
  6. Japanese Yen (JPY) 13.6% weight.

Don't have an ego. Always question yourself and your ability.
  • #349,091
  • Dec 20, 2010 8:42am Dec 20, 2010 8:42am
gone short from 3165
  • #349,092
  • Dec 20, 2010 8:42am Dec 20, 2010 8:42am
Quoting fx|green
I respectfully disagree with your immediate USDX bullishness. Know that EURUSD consists of 70% of the USDX.

The USDX is a weighted instrument. But its already showing weakness, at least for the intermediate term.

This is pretty simplistic, trading does not have to be overly complicated.

Attachment


This translates to a bull move in EURUSD. As mentioned earlier I am looking for 1.3250+

I mentioned how I am playing it in earlier posts.

EUR/USD
The Euro pushed to a high just above 1.3350 against the dollar in Europe on Friday and was then subjected to the same pattern as in previous days with sharp losses during the New York session.
The German economic data remained favourable with an increase in the IFO business confidence index to 109.9 for December from 109.3, the highest reading since 1991. The positive elements for the Euro were again overshadowed by structural vulnerabilities. Rating Agency Moody’s cut Ireland’s credit rating by a very substantial 5 notches to Baa1 from Aa2, maintaining a severe lack of confidence in the Irish economy and increasing fears over the regional contagion risk. Markets will remain convinced that Portugal will need a support package from the EU early in 2011 which would then put the focus on Spain.
There was also evidence that the European banks were facing an increased cost of securing dollar funding in the inter-bank market and the Euro will be vulnerable to further selling pressure if these pressures intensify over the next few days.
There were no major US economic data releases on Friday and data over the forthcoming week may have a limited impact with markets focussing on year-end liquidity and technical issues. The Euro retreated to lows just below 1.3150 on Friday and remained firmly on the defensive in Asian trading on Monday.
  • #349,093
  • Dec 20, 2010 8:42am Dec 20, 2010 8:42am
Quoting goods
LMAO disagree all you want. I am allowed to have my viewpoint. You have yours
Yep, just dun get defensive. Shorts are certainly valid.

I think what turns a bunch of people away from this thread and just forums in general is how hostile people treat others if they have an opinion counter to their bias or trading position.

Have been met with considerable vitriol today. Its unpleasant. In fact I have been nothing but considerate in my dealings here.
  • #349,094
  • Dec 20, 2010 8:44am Dec 20, 2010 8:44am
Quoting fx|green
I pointed out the bull flag in the context of a 4 hour chart to show the divergences. It could play out, but its showing too much divergences for my taste. Momentum is not on your side and the accumulation of prior weeks in the EURUSD makes it a dangerous play.


The market is all Supply/Demand. So a big fish can come and ruin all of the technical analysis someone does. Till then though, I am sticking with the long as mentioned earlier. All dips are buy.

1.3250+ is initial goal with a potency for 1.3300 and then 1.3400+ for a painful short...
bull flag the fock where...eurusd?? me brethren what ya say, what ya talking abot? Bomboclottttttttt
  • #349,095
  • Dec 20, 2010 8:45am Dec 20, 2010 8:45am
Quoting TraderAlbi
:-)

did you eat a clown ?
stay tuned
those who can, do. those who cant, talk about those who can
  • #349,096
  • Dec 20, 2010 8:47am Dec 20, 2010 8:47am
Quoting fx|green
Yep, just dun get defensive. Shorts are certainly valid.

I think what turns a bunch of people away from this thread and just forums in general is how hostile people treat others if they have an opinion counter to their bias or trading position.

Have been met with considerable vitriol today. Its unpleasant. In fact I have been nothing but considerate in my dealings here.

I just hate when someone says I am wrong without the move playing out. All i said was it looks like a bull move on usdx and bear move on eu. I am looking at a fundamental shift being negative outlook on euro.
Know when to hold em, Know when to fold em!
  • #349,097
  • Dec 20, 2010 8:48am Dec 20, 2010 8:48am
Quoting fx|green
Yep, just dun get defensive. Shorts are certainly valid.

I think what turns a bunch of people away from this thread and just forums in general is how hostile people treat others if they have an opinion counter to their bias or trading position.

Have been met with considerable vitriol today. Its unpleasant. In fact I have been nothing but considerate in my dealings here.
We got it. You loaded up on longs and are now hoping everyone else buys in to bull.
  • #349,098
  • Dec 20, 2010 8:48am Dec 20, 2010 8:48am
Quoting snatch
gone short from 3165
nothing but hot flames waiting down below..
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  • #349,099
  • Dec 20, 2010 8:49am Dec 20, 2010 8:49am
Right now EUR/USD is at 1.3153 and EUR/JPY is at 110.05

The KEY now is USD/JPY at 83.67

IF and only an IF USD/JPY goes to under 83.50 then EUR/JPY will go below 110.00 and bring EUR/USD down as well.

If the Dow goes up 100 points then EUR/USD will test 1.3200

That is how it works most of the time. Knowing this gives you an edge and so it goes.

Good Trading

If anyone wants an explanation post a question.
  • #349,100
  • Dec 20, 2010 8:51am Dec 20, 2010 8:51am
Quoting Forexpro30
Right now EUR/USD is at 1.3153 and EUR/JPY is at 110.05

The KEY now is USD/JPY at 83.67

IF and only an IF USD/JPY goes to under 83.50 then EUR/JPY will go below 110.00 and bring EUR/USD down as well.

If the Dow goes up 100 points then EUR/USD will test 1.3200

That is how it works most of the time. Knowing this gives you an edge and so it goes.

Good Trading

If anyone wants an explanation post a question.
You do realize eu has broken its 300 some odd range range and now trading below it right?
Know when to hold em, Know when to fold em!
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