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EURUSD

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#349,501
Dec 21, 2010 1:25am Dec 21, 2010 1:25am

The Fool
Joined Apr 2009 | Status: Live and learn. | 25,244 Posts | Online Now

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 21, 2010 1:29am Dec 21, 2010 1:29am

mercy seat
Joined Mar 2010 | Status: Trader | 42,434 Posts

Quoting mercy seat

Disliked

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

;-)

Ignored

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)

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 21, 2010 1:34am Dec 21, 2010 1:34am

KillerWhale
Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts

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 21, 2010 1:38am Dec 21, 2010 1:38am

PhAnTi'
Joined Aug 2010 | Status: Tööröh | 14,292 Posts

Quoting KillerWhale

Disliked

So funny, just reloaded shorts @ 1.3197 (I unloaded them @1.3172)

Ignored

tg?

Hero calls followed by margin calls...

#349,505
Dec 21, 2010 1:42am Dec 21, 2010 1:42am

infinitus
Joined Jun 2010 | Status: zero | 20,603 Posts

Quoting malcolmb14

Disliked

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...

Ignored

Hi Malcolmb,

nice perspective :-)

Have a profitable day,

Markus

#349,506
Dec 21, 2010 1:45am Dec 21, 2010 1:45am

KillerWhale
Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts

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 21, 2010 1:47am Dec 21, 2010 1:47am

infinitus
Joined Jun 2010 | Status: zero | 20,603 Posts

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 21, 2010 1:54am Dec 21, 2010 1:54am

tradestar1
Joined Nov 2009 | Status: Trader | 996 Posts

Quoting infinitus

Disliked

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...

Ignored

Your charts are even more confusing than your statements here.......

#349,509
Dec 21, 2010 1:56am Dec 21, 2010 1:56am

PhAnTi'
Joined Aug 2010 | Status: Tööröh | 14,292 Posts

Quoting tradestar1

Disliked

Your charts are even more confusing than your statements here.......

Ignored

i just see advertisement banners, no charts .....

Hero calls followed by margin calls...

#349,510
Dec 21, 2010 1:59am Dec 21, 2010 1:59am

rugevo
| Joined Nov 2010 | Status: Trader | 44 Posts

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 2:00am Dec 21, 2010 2:00am

gh0stjpy
| Joined Nov 2010 | Status: Trader | 985 Posts

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?

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#349,512
Dec 21, 2010 2:02am Dec 21, 2010 2:02am

monarch
Joined Aug 2006 | Status: Trader | 3,126 Posts

One last trade before bed, and London open. +6 pips.

Another great day at the races.

Cheers.

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#349,513
Dec 21, 2010 2:02am Dec 21, 2010 2:02am

mercy seat
Joined Mar 2010 | Status: Trader | 42,434 Posts

Quoting mercy seat

Disliked

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...

Ignored

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)

2010-12-21_08h22_European Forex Technicals - More All-Time Lows For EURCHF +.pdf 9 KB | 327 downloads

2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts

#349,514
Dec 21, 2010 2:02am Dec 21, 2010 2:02am

PhAnTi'
Joined Aug 2010 | Status: Tööröh | 14,292 Posts

Quoting rugevo

Disliked

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..???

Ignored

I am short as well,
H1 cande close confirmed.

Time will tell

Hero calls followed by margin calls...

#349,515
Dec 21, 2010 2:04am Dec 21, 2010 2:04am

TraderAlbi
| Joined Jan 2010 | Status: Trader | 47 Posts

Quoting rugevo

Disliked

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..???

Ignored

Short @1.3192, will reload if it goes to 1,3250
TP @1,3095