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EURUSD

  • #349,501
  • Dec 20, 2010 11:25pm Dec 20, 2010 11:25pm
http://www.bloomberg.com/news/2010-1...al-crisis.html

"The Frankfurt-based ECB said it completed 603 million euros ($794 million) of purchases after settling 2.667 billion euros the previous week. It will take seven-day term deposits tomorrow to neutralize 72.5 billion euros of liquidity created by bond purchases since the program started on May 10, it said today."
"If The Fool persists in his Folly he will become wise." - William Blake
  • #349,502
  • Dec 20, 2010 11:29pm Dec 20, 2010 11:29pm
Quoting mercy seat
http://cdn.forexfactory.com/images/attach/pdf.gif 2010-12-21_07h55_der_franken_als_stern_am_devisen-himmel.pdf (42.0 KB)


Quite interesting read


;-)

http://cdn.forexfactory.com/images/attach/pdf.gif 2010-12-21_00h36_ASIA DAILY FOREX OUTLOOK - Majors +.pdf (11.2 KB)


ASIA DAILY FOREX OUTLOOK - Majors
21 Dec 2010, 00:36


SINGAPORE (Dow Jones)


EUR/USD - to consolidate with bearish bias. Pair weighed by persistent worries over euro-zone sovereign debt crisis; data from ECB showing central bank bought much smaller amount (EUR603 million) of euro-zone sovereign bonds last week vs EUR2.67 billion week before, suggesting loss in momentum in bank's efforts to restore investor confidence; surprise drop in European Commission preliminary consumer confidence indicator for euro zone to minus 11.0 in December from minus 9.4 in November for first decline in 6 months (vs forecast for rise to minus 9.0). Data focus: 0710 GMT German January GfK consumer climate survey. EUR/USD daily chart negative-biased as stochastics in bearish mode; 5-day moving average staged bearish crossover against 15-day. Support at 1.3092 (yesterday's low); breach would expose downside to 1.3056 (Dec. 2 low), then 1.2964 (Nov. 30 reaction low) and 1.2642 (Sept. 10 reaction low). Resistance at 1.3188 (yesterday's high); breach would expose upside to 1.3256 (hourly chart), then 1.3358 (Friday's high), 1.3382 (Wednesday's high), 1.3500 (Dec. 14 high) and 1.3625 (55-day moving average).


Genug dummes Zeugs gehört hier ... zur Sache wieder ...



;-)
Attached File(s)
File Type: pdf 2010-12-21_00h36_ASIA DAILY FOREX OUTLOOK - Majors +.pdf   11 KB | 278 downloads
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #349,503
  • Dec 20, 2010 11:34pm Dec 20, 2010 11:34pm
So funny, just reloaded shorts @ 1.3197 (I unloaded them @1.3172)
New voice message: Why are you calling me? If I need you, I'll call you!
  • #349,504
  • Dec 20, 2010 11:38pm Dec 20, 2010 11:38pm
Quoting KillerWhale
So funny, just reloaded shorts @ 1.3197 (I unloaded them @1.3172)
tg?
Hero calls followed by margin calls...
  • #349,505
  • Dec 20, 2010 11:42pm Dec 20, 2010 11:42pm
Quoting malcolmb14
Piters

lol Americans think they are like Adam and Eve and nothing existed before America .... the European History is thousands of years older than theirs ( well the white man's version of American history anyway).

America could not even survive 230 years without become bankrupt.

In fact as of today China owns a large portion of American bonds... not sure why America would wage a currency war on them as China could sink the US economy and dollar. As for all of downtown Manhattan ... owned by the Japs. US jobs ... owned by either China...
Hi Malcolmb,

nice perspective :-)


Have a profitable day,

Markus
  • #349,506
  • Dec 20, 2010 11:45pm Dec 20, 2010 11:45pm
Okay, with most of the stops taken out now, can we just go in a slow ride to 1.30?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #349,507
  • Dec 20, 2010 11:47pm Dec 20, 2010 11:47pm
Godd morning traders,

I have just updated the Elliott Wave counts on my blog, which can be accessed through my signature.

This morning I like to present the intermediate view (because we should not get lost in the waves).

Wave orange 1 and orange 3 are nearly equal. That means, that wave orange 5 might extend. Based on Murrey Math and Elliott Wave principles I would like to see price reaching the area between 2451 and 2207. Orange 1 to 5 down should at least cover the area of wave aqua C.

After we gained our perspective, let us look into the short term developments:




When the count is correct, we are in a 1-2, 1-2 move. 50% retracement is at nearly 3245, which itself is a 7/8 MMTL (p=64). But this wave blue 2 can go all the way back to the start of blue 1 at 3359 (keep that in mind).

Someone asked me two questions:

a) why do you believe, that wave blue 1 of red 3 is not red 3 itself?

Answer: look at Awesome oscillator. A wave 3 should have the highest (lowest) reading, not a wave 1. So the only solution is a further subdividing wave 3

b) the impulses in wave orange 5 look very ugly. One is tempted to count ABC's everywhere.

Answer: I can not rule this out. Yesterday I showed an alternative count which sees us in a broad corrective pattern. Maybe this will evolve.

The other option may be an ending diagonal for orange 5. BUT: inside of a n ending diagonal you will see high retracements (between 63 and 82%). Wave red 2 only retraced around 55%. So I am not very convinced. But I will definitively keep this option on my mind.


More later........

Trade safe,

Markus
  • #349,508
  • Dec 20, 2010 11:54pm Dec 20, 2010 11:54pm
Quoting infinitus
Godd morning traders,

I have just updated the Elliott Wave counts on my blog, which can be accessed through my signature.

This morning I like to present the intermediate view (because we should not get lost in the waves).

Wave orange 1 and orange 3 are nearly equal. That means, that wave orange 5 might extend. Based on Murrey Math and Elliott Wave principles I would like to see price reaching the area between 2451 and 2207. Orange 1 to 5 down should at least cover the area of wave aqua C.

After we gained our perspective, let us look...
Your charts are even more confusing than your statements here.......
  • #349,509
  • Dec 20, 2010 11:56pm Dec 20, 2010 11:56pm
Quoting tradestar1
Your charts are even more confusing than your statements here.......
i just see advertisement banners, no charts .....
Hero calls followed by margin calls...
  • #349,510
  • Dec 20, 2010 11:59pm Dec 20, 2010 11:59pm
Hi Guys, is any one short on EUR...?
I took +215pips on Friday, I shorted yesterday, took +60pips...I just shorted but Not sure with take profit..???
  • #349,511
  • Dec 21, 2010 12:00am Dec 21, 2010 12:00am
EUR.USD has broken the 1hour resistance, but still hovering around the area, if if breaks clear then a LONG, if not then back down?

Also GBP/USD having problems clearing 1hr resistance 1.5576, any thoughts?
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 60 KB
  • #349,512
  • Dec 21, 2010 12:02am Dec 21, 2010 12:02am
One last trade before bed, and London open. +6 pips.

Another great day at the races.

Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 5m short before London.jpg Size: 105 KB
  • #349,513
  • Dec 21, 2010 12:02am Dec 21, 2010 12:02am
Quoting mercy seat
http://cdn.forexfactory.com/images/attach/pdf.gif 2010-12-21_00h36_ASIA DAILY FOREX OUTLOOK - Majors +.pdf (11.2 KB)


ASIA DAILY FOREX OUTLOOK - Majors
21 Dec 2010, 00:36


SINGAPORE (Dow Jones)


EUR/USD - to consolidate with bearish bias. Pair weighed by persistent worries over euro-zone sovereign debt crisis; data from ECB showing central bank bought much smaller amount (EUR603 million) of euro-zone sovereign...
http://cdn.forexfactory.com/images/attach/pdf.gif 2010-12-21_08h22_European Forex Technicals - More All-Time Lows For EURCHF +.pdf (8.9 KB)


European Forex Technicals: More All-Time Lows For EUR/CHF
21 Dec 2010, 08:22
By TRADING Central (Francis Bray)
A Dow Jones Newswires Technical Analysis Partner



Intraday EUR/USD: The downtrend off last week's bull failure high at 1.3500 still lingers, and has room for further weakness below Monday's low at 1.3094. A push below 1.3122 is required to expose the 1.3094 low, and threaten further weakness towards 1.3060 and the wave equality target at 1.3041. Corrective strength will struggle in the 1.3250/1.3273 area, and only above the latter would create room for gains to 1.3360.
Weekly chart EUR/USD trend: Bearish.



;-)
Attached File(s)
File Type: pdf 2010-12-21_08h22_European Forex Technicals - More All-Time Lows For EURCHF +.pdf   9 KB | 328 downloads
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #349,514
  • Dec 21, 2010 12:02am Dec 21, 2010 12:02am
Quoting rugevo
Hi Guys, is any one short on EUR...?
I took +215pips on Friday, I shorted yesterday, took +60pips...I just shorted but Not sure with take profit..???
I am short as well,
H1 cande close confirmed.

Time will tell
Hero calls followed by margin calls...
  • #349,515
  • Dec 21, 2010 12:04am Dec 21, 2010 12:04am
Quoting rugevo
Hi Guys, is any one short on EUR...?
I took +215pips on Friday, I shorted yesterday, took +60pips...I just shorted but Not sure with take profit..???
Short @1.3192, will reload if it goes to 1,3250
TP @1,3095
  • #349,516
  • Dec 21, 2010 12:05am Dec 21, 2010 12:05am
what was that shake ment for
finding A M S
  • #349,517
  • Dec 21, 2010 12:05am Dec 21, 2010 12:05am
Quoting PhAnTi'
I am short as well,
H1 cande close confirmed.

Time will tell
Hero calls followed by margin calls...
  • #349,518
  • Dec 21, 2010 12:05am Dec 21, 2010 12:05am
copitulation
those who can, do. those who cant, talk about those who can
  • #349,519
  • Dec 21, 2010 12:05am Dec 21, 2010 12:05am
I closed +35pips...I am not sure today...I think it's really enough for a few days...
  • #349,520
  • Dec 21, 2010 12:06am Dec 21, 2010 12:06am
this is getting almost scary may be some big news for a low volatility market

unsecured overnight call rate data (news)
finding A M S
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