EURUSD | Page 18085 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #361,681
  • Jan 10, 2011 4:21am Jan 10, 2011 4:21am
i see four 4H candle in the range 2916-2872... in the books i studied it's called accumulation!

A close above or below this level will give the direction of the day... with S/L on the other level. Trend is down but we might even expect some retracement. We might even see a retest of 3070 before further downside. On the other side a good target for shorts would be 2780

Trade safe!
I don't want a job, i want money!
  • #361,682
  • Jan 10, 2011 4:25am Jan 10, 2011 4:25am
Quoting cloggie
Portugal will have to be bailed out within the next few weeks, I reckon 80-100Bn. The next issue will be Spain, that is the biggie (500Bn+). The market is just not interested in holding peripheral debt without a premium, and that is not going to change, we haven't had any good news from Portugal in a year.
I agree with Portugal. Its reaching the point of no return. Officially, Wednesday can confirm this. On Spain, I have slightly change my view in the last few weeks. I am not denying the possibility of Spain having to accept a bailout (actually the odds are still better for that scenario) but some macro numbers are pointing to a bottom in the Economy and the subsequent typical rebound after a massive collapse may attract some short term speculative positive that will shift expectation on the credit side.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #361,683
  • Jan 10, 2011 4:25am Jan 10, 2011 4:25am
Quoting dario1002
i see four 4H candle in the range 2916-2872... in the books i studied it's called accumulation!

A close above or below this level will give the direction of the day... with S/L on the other level. Trend is down but we might even expect some retracement. We might even see a retest of 3070 before further downside. On the other side a good target for shorts would be 2780

Trade safe!
hi dario,

which book teaches accumulation based on an H4-candle?
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_USD_5 Mins_snapshot.png Size: 29 KB
  • #361,684
  • Jan 10, 2011 4:26am Jan 10, 2011 4:26am
Quoting sisse
I agree with Portugal. Its reaching the point of no return. Officially, Wednesday can confirm this. On Spain, I have slightly change my view in the last few weeks. I am not denying the possibility of Spain having to accept a bailout (actually the odds are still better for that scenario) but some macro numbers are pointing to a bottom in the Economy and the subsequent typical rebound after a massive collapse may attract some short term speculative positive that will shift expectation on the credit side.

sisse

The big problem with Spain is the total collapse of the housing market and unemployment at 20%, that is serious recession territory.
  • #361,685
  • Jan 10, 2011 4:27am Jan 10, 2011 4:27am
China is throwing flames at Dollar and Saying Euro is necessary and blablabla....
it just came from DowJones and Reuter feeds, beware...

no one bellieves Trichet but China another language.

1.2890 vs 1.2910 has is the fight, still there are nice candles of failed lower lows and we just went upside EMA, a Higher High after 1.2925 could shoot this pair up.
  • #361,686
  • Jan 10, 2011 4:27am Jan 10, 2011 4:27am
Quoting sisse
I agree with Portugal. Its reaching the point of no return. Officially, Wednesday can confirm this. On Spain, I have slightly change my view in the last few weeks. I am not denying the possibility of Spain having to accept a bailout (actually the odds are still better for that scenario) but some macro numbers are pointing to a bottom in the Economy and the subsequent typical rebound after a massive collapse may attract some short term speculative positive that will shift expectation on the credit side.

sisse
I think Portugal is already beyond the point of no return; markets are seeing to that. Ditto Spain IMO. If Spain do see some decent numbers, the bond assassins will still attack. /my2c
  • #361,687
  • Jan 10, 2011 4:29am Jan 10, 2011 4:29am
Quoting acidguy
China is throwing flames at Dollar and Saying Euro is necessary and blablabla....
it just came from DowJones and Reuter feeds, beware...

no one bellieves Trichet but China another language.
Does anyone really care? And is it the first time China says something like this?
  • #361,688
  • Jan 10, 2011 4:29am Jan 10, 2011 4:29am
Quoting ukdaytrader
the bond assassins will still attack. /my2c

The problem is that the cat is out of the bag, can't really blame them, I wouldn't want to hold any Spanish paper either right now unless I got a hefty premium.
  • #361,689
  • Jan 10, 2011 4:30am Jan 10, 2011 4:30am
Quoting Mr Hatch
i know you prefer much higher timeframes, but the m5 gave me 3 sells already, banking close to 50 pips with a tight sl.

i don't know for sure, how hard the support right below us is (2843ish), but this would be the right place for a temp. buy, if any at all.

i just have in the back of my mind that just any short term sell could become a mid term runner.
Well done Hatch. I openly and sincerely declare myself as inept on trading sub 5 minutes charts in 30+ pips intraday ranges. As you know in my books I give priority to capital risk (r:r) in higher timeframes, reduce drawdown and consistency over quick winners.

Keep up the good work.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #361,690
  • Jan 10, 2011 4:30am Jan 10, 2011 4:30am
Quoting T.E.Lawrence
Does anyone really care? And is it the first time China says something like this?

Not really, but it may temper the 200 pip straight rallies down for a bit.

All EU equity indices down across the board right now, euro is steady.
  • #361,691
  • Jan 10, 2011 4:30am Jan 10, 2011 4:30am
Quoting sisse
I agree with Portugal. Its reaching the point of no return. Officially, Wednesday can confirm this. On Spain, I have slightly change my view in the last few weeks. I am not denying the possibility of Spain having to accept a bailout (actually the odds are still better for that scenario) but some macro numbers are pointing to a bottom in the Economy and the subsequent typical rebound after a massive collapse may attract some short term speculative positive that will shift expectation on the credit side.

sisse
dont forget France.. shhhhhh im not supposed to tell anyone..
those who can, do. those who cant, talk about those who can
  • #361,692
  • Jan 10, 2011 4:31am Jan 10, 2011 4:31am
Quoting gatorinla
dont forget France.. shhhhhh im not supposed to tell anyone..

If Spain is not going to implode the EU, France certainly will.
  • #361,693
  • Jan 10, 2011 4:33am Jan 10, 2011 4:33am
Quoting Mr Hatch
hi dario,

which book teaches accumulation based on an H4-candle?

Most of the books are about daily candle but hey... maybe my books were not good as yours.

by the way... in my books it was written that volume is not reliable on forex (u know.. broker stuff)... but again... my books were not good
I don't want a job, i want money!
  • #361,694
  • Jan 10, 2011 4:35am Jan 10, 2011 4:35am
Quoting cloggie
The big problem with Spain is the total collapse of the housing market and unemployment at 20%, that is serious recession territory.
I agree Cloogie. I wouldn't put my money on Spain either. However, a sudden shift on expectation 'cause Spain hitting rock bottom in macroeconomic terms (it will be more difficult for unemployment and housing markets to go even lower than to have small rebound to a more sustainable level) its a scenario I have added to my watchlist.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #361,695
  • Jan 10, 2011 4:36am Jan 10, 2011 4:36am
Quoting dario1002
Most of the books are about daily candle but hey... maybe my books were not good as yours.

by the way... in my books it was written that volume is not reliable on forex (u know.. broker stuff)... but again... my books were not good
i could now dissect this post, but i think i'll just stfu, because you clearly did not understand the two posts you are mentioning.
  • #361,696
  • Jan 10, 2011 4:37am Jan 10, 2011 4:37am
Quoting vlady1974
Morning all,

Hope everyone's recovered from post-menstrual NFP trades.

I'm short @ 1.2916 TP 1.2887 although have to get past 1.2892 first
Out @ 2892 for +24. 2 reasons:

a) reminded of lesson from last week - EUD moves in 20 pip moves
b) going to wait for Trichet's speech but will be watching price action.

Bias is short though.
A pip is only worth it if you know how much you risked to earn it
  • #361,697
  • Jan 10, 2011 4:41am Jan 10, 2011 4:41am
Quoting gatorinla
dont forget France.. shhhhhh im not supposed to tell anyone..
France is going too far for now. France defaulting or accepting IMF help will create shockwaves beyond the Euro Zone and will probably create financial crisis part II in which the Euro will be only a small collateral damage of what will happen to the rest of the financial world.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #361,698
  • Jan 10, 2011 4:41am Jan 10, 2011 4:41am
euro now at the edge of m30 channel,
interesting to watch if break up or down
Attached Image (click to enlarge)
Click to Enlarge Name: eurom30.gif Size: 17 KB
  • #361,699
  • Jan 10, 2011 4:41am Jan 10, 2011 4:41am
Quoting vlady1974
Out @ 2892 for +24. 2 reasons:

a) reminded of lesson from last week - EUD moves in 20 pip moves
b) going to wait for Trichet's speech but will be watching price action.

Bias is short though.

Well done, that's how you play the range.
  • #361,700
  • Jan 10, 2011 4:42am Jan 10, 2011 4:42am
Quoting Mr Hatch
i could now dissect this post, but i think i'll just stfu, because you clearly did not understand the two posts you are mentioning.

Evidently not... i wrote a post (and din't mention any other post), and then u wrote (mentioning my post) and i answered.

The truth is... PA is there in any time frame... the higher the TF the more reliable is the pattern. Being an intraday trader, 4H is a good deal for taking trades. Of course i watch daily-weekly-monthly candles.. and i decide my overall strategy.. but then i choose when to pull the trigger based on the 4H or 1H candle and rarely leave a position overnight.
I don't want a job, i want money!
1,622 traders viewing now