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EURUSD

  • #359,161
  • Jan 5, 2011 3:20pm Jan 5, 2011 3:20pm
  •  Rgkc
  • | Joined Dec 2010 | Status: Never stop learning about forex! | 419 Posts
Quoting Rgkc
Right now I don't know anything
Wait for London tomorrow. Good night all.
Greetings from Portugal...
Studing..............
  • #359,162
  • Jan 5, 2011 3:30pm Jan 5, 2011 3:30pm
Quoting ssherwood76
I'm interested in buying EUR/USD to hold for a long-term position. I'm saying this because of weekly candles. Last week candle was an obvious bullish engulfing and heikin-ashi indicates reversal. Also, price is very low right now. Almost at last weeks low. Any thoughts?
what does your chart say about the possibility of a massive eurozone credit crisis, continuing sovereign debt issues, potential EMU member defaults, and/or the breakup of the EMU itself?

surely the information must be on your charts? maybe zoom out to monthly....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #359,163
  • Jan 5, 2011 3:34pm Jan 5, 2011 3:34pm
Quoting mercy seat
http://cdn.forexfactory.com/images/attach/png.gif 2011-01-05_20h55_EURUSD _ min 015 _ 002 (candle + signal).PNG (39.2 KB)


Training ... Schleifen mit Halbautomatik ... 10, 15, 30, 50, 90 etcetera ...

Re-entry ... after unwinding and reverse ... zack ...

;-)

Rollover and new value date looming ...

Often a ten pip move within this procedures observed ...

Before that quiet ... and afterwards as well often ...



http://cdn.forexfactory.com/images/attach/png.gif 2011-01-05_22h25_EURUSD _ min 015 _ 002 (candle + signal).PNG (39.4 KB)

http://cdn.forexfactory.com/images/attach/png.gif 2011-01-05_22h25_EURUSD _ min 060 _ 002 (candle + pSAR).PNG (29.4 KB)


It went much lower than expected ... I must say ...

Again in bearish territory ... since below 1.3229 and 1.3203 limits ...


;-)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2011-01-05_22h25_EURUSD _ min 015 _ 002 (candle + signal).PNG Size: 39 KB
Click to Enlarge Name: 2011-01-05_22h25_EURUSD _ min 060 _ 002 (candle + pSAR).PNG Size: 29 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #359,164
  • Jan 5, 2011 3:37pm Jan 5, 2011 3:37pm
Quoting ssherwood76
I'm interested in buying EUR/USD to hold for a long-term position. I'm saying this because of weekly candles. Last week candle was an obvious bullish engulfing and heikin-ashi indicates reversal. Also, price is very low right now. Almost at last weeks low. Any thoughts?
does that looks bullish for u will u plz post a chart
Attached Image (click to enlarge)
Click to Enlarge Name: 1w eur.gif Size: 16 KB
  • #359,165
  • Jan 5, 2011 3:42pm Jan 5, 2011 3:42pm
Quoting The Fool
what does your chart say about the possibility of [the poo hitting the fan] ?
I was just writing a slightly more gentle suggestion of the same thing, but you pretty much sum it up.
  • #359,166
  • Jan 5, 2011 3:46pm Jan 5, 2011 3:46pm
Quoting kill56
does that looks bullish for u will u plz post a chart
I'm pointing out last weeks bullish candle
Attached Image
  • #359,167
  • Jan 5, 2011 4:08pm Jan 5, 2011 4:08pm
Quoting ssherwood76
I'm pointing out last weeks bullish candle
last week: pump

this week: dump

how much credence do you put in market moves around Christmas anyway?

oh wait its on the chart so it must mean something, right?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #359,168
  • Jan 5, 2011 4:15pm Jan 5, 2011 4:15pm
Nice to see a 99 handle on the Aussie. Makes me proud to be an American.

15 seconds and this intermission is over and I can go shopping.
  • #359,169
  • Jan 5, 2011 4:16pm Jan 5, 2011 4:16pm
This week isn't over yet. The dump could end up being a wick.
  • #359,170
  • Jan 5, 2011 4:16pm Jan 5, 2011 4:16pm
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Redrawn Fibonacci Fan Lines from recent low and recent high.

Support seems to be holding on both Downtrend Fibs and Uptrend.

H4

http://i56.tinypic.com/2z3szk6.png

Support on 78.6% Fibonacci Retracement Level from previous low and previous high which is still quite valid it seems.

H1

http://i56.tinypic.com/25iyeu0.png

From what I have seen so far, Fibonacci Fan Lines require a more consistent approach for short term trends, where as the Retracement Levels have a much more significant impact to the long term as long as the trend is within range.

Let's see how it all plays out, going to draw a few Fibonacci Fans on the Monthly and Weekly and see how it effects the pair currently.
  • #359,171
  • Jan 5, 2011 4:31pm Jan 5, 2011 4:31pm
Just a different day.
Attached Image (click to enlarge)
Click to Enlarge Name: reason 2.jpg Size: 177 KB
All that is left in FF is just plain garbage. "Cloggie"
  • #359,172
  • Jan 5, 2011 4:39pm Jan 5, 2011 4:39pm
Quoting The Fool
last week: pump

this week: dump

how much credence do you put in market moves around Christmas anyway?

oh wait its on the chart so it must mean something, right?
The Fool, find a brick wall. Beat your head against it. It will be more productive use of your time.

I saw this a lot on equities where the company declared/was about to declare chap 11 bankruptcy. Many rushed in to buy stocks on the cheap. I wasted many hours trying to educate the sheeple on how stocks are wiped out to zero when companies emerge from bankruptcy. Similar situation here. It's only worth your time to engage them for the amusement factor.
  • #359,173
  • Jan 5, 2011 4:40pm Jan 5, 2011 4:40pm
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Interesting finds:

Monthly

http://i51.tinypic.com/2py3m77.png

Weekly

http://i52.tinypic.com/1zehyzq.png
  • #359,174
  • Jan 5, 2011 4:44pm Jan 5, 2011 4:44pm
Quoting ssherwood76
I'm interested in buying EUR/USD to hold for a long-term position. I'm saying this because of weekly candles. Last week candle was an obvious bullish engulfing and heikin-ashi indicates reversal. Also, price is very low right now. Almost at last weeks low. Any thoughts?
From a weekly perspective I am also looking to a potential break on the downtrend (a confirmed HL) It looks especially tempting in charts However, as I mentioned in my prev post before the news, first the first and thats following the trend down.

In any case, we can come back to this at the end of the week. Good luck

sisse

Quoting sisse
.... there is the key daily S before that needs to be broken before (1.318x). However, from a strictly TA, 1.328x is also a rejection of last daily swing high and given that weekly trend is still down, and US fundamentals, the odds and r:r favour that play even if by the end of the week this level get rejected back, breaking the weekly downtrend.

In other words. the 1st play is with the main trend and a potential fade later.

We'll see.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #359,175
  • Jan 5, 2011 4:46pm Jan 5, 2011 4:46pm
Quoting apt
Redrawn Fibonacci Fan Lines from recent low and recent high.

Support seems to be holding on both Downtrend Fibs and Uptrend.

H4

http://i56.tinypic.com/2z3szk6.png

Support on 78.6% Fibonacci Retracement Level from previous low and previous high which is still quite valid it seems.

H1

http://i56.tinypic.com/25iyeu0.png

From what I have seen so far, Fibonacci Fan Lines require a more consistent approach for short term trends, where as the Retracement Levels have a much more significant impact to the long...
Wake up the market is dead now europe closed over 5 hours ago,and ur saying support holds .As i see all this crap with putting euro above 1.34 was just a good way to profit for big players before new year,and i can say the game was well played from their side :/
US releases good numbers,because they got a boost from low dollar,and europe still has to conquer portugal spain and italy with its all destroying debts,which so far only get bigger by the days to come.
only my 2cents.
  • #359,176
  • Jan 5, 2011 4:47pm Jan 5, 2011 4:47pm
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting pinkiaiii
Wake up the market is dead now europe closed over 5 hours ago,and ur saying support holds .As i see all this crap with putting euro above 1.34 was just a good way to profit for big players before new year,and i can say the game was well played from their side :/
US releases good numbers,because they got a boost from low dollar,and europe still has to conquer portugal spain and italy with its all destroying debts,which so far only get bigger by the days to come.
only my 2cents.
I'm not saying anything, I'm only posting my charts.

Go back to being a Muppet.

http://www.ladyobama.com/wp-content/...1_1024x768.jpg
  • #359,177
  • Jan 5, 2011 4:49pm Jan 5, 2011 4:49pm
Quoting pinkiaiii
Wake up the market is dead now europe closed over 5 hours ago,and ur saying support holds .As i see all this crap with putting euro above 1.34 was just a good way to profit for big players before new year,and i can say the game was well played from their side :/
US releases good numbers,because they got a boost from low dollar,and europe still has to conquer portugal spain and italy with its all destroying debts,which so far only get bigger by the days to come.
only my 2cents.
Pinkiaiii: Well said - you are absolutely correct.
  • #359,178
  • Jan 5, 2011 4:54pm Jan 5, 2011 4:54pm
Quoting Hda
Pinkiaiii: Well said - you are absolutely correct.


Correct, but leaving out all the good US data is a more likely reason than a play from the big players...

EURUSD is hard to manipulate...
  • #359,179
  • Jan 5, 2011 4:59pm Jan 5, 2011 4:59pm
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
You guys honestly talk too much shit about your little X-Files "Big Players", "Market Makers" conspiracies.

Just focus on Price Action and make money.

Jesus Christ.

On top of that, you are all devoted to Market Sentiment and have no flexibility, you're already set on Bullish or Bearish and have no adaptive capabilities.

It
is
sad
  • #359,180
  • Edited 5:10pm Jan 5, 2011 5:03pm | Edited 5:10pm
Quoting Larseg
Correct, but leaving out all the good US data is a more likely reason than a play from the big players...

EURUSD is hard to manipulate...
LARSEG: Your point is valid and a monthly chart never lies. It is a clear clear down trend. Lower Highs, Lower Lowers.

The lower high is currently being formed and will be confirmed at the end of January.

That aside, we dont have the money to trade a monthly chart, we will leave that to Soros.

But the eveidence is compelling - the EUR/CRISIS is not going away anytime soon - Some sentiments are for the EUR to reach 0.8333 by late 2012 thats below par. If I could see into the future I would never exit my short. But for the moment the Eur is going down.

German has the ability to stop this but they dont want to do what it takes. They would have to give up too much. Its like asking a person to give up their home and sleep on the street.
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