EURUSD | Page 18523 | 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

  • #370,441
  • Edited 4:13am Jan 23, 2011 3:57am | Edited 4:13am
Quoting redsword11
Attachment

another view



its never as clean and easy as this but its possible
based on ls to rs peaks projected from and drawn parallel from neckline, projects the top in about another 40 or so pips, depending on when and if rs completes, which is exactly where I'm getting my 3666 figure from...

but as you say, it's rarely, if ever that neat...

http://www.forexfactory.com/showpost...stcount=370391
http://www.forexfactory.com/showpost...stcount=368787
http://www.forexfactory.com/showpost...stcount=368770
  • #370,442
  • Jan 23, 2011 4:08am Jan 23, 2011 4:08am
Quoting FibbinArchie
based on ls to rs peak drawn parallel from neckline, projects the top in about another 40 or so pips, depending on when and if rs completes which is exactly where I'm getting my 3666 figure from...

Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 77 KB




that figure does have confluence with these zones


PA will tell us
  • #370,443
  • Jan 23, 2011 4:11am Jan 23, 2011 4:11am
Outside bar in the USD Index weekly chart.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 31 KB
  • #370,444
  • Jan 23, 2011 4:20am Jan 23, 2011 4:20am
Quoting redsword11
Attachment



that figure does have confluence with these zones


PA will tell us
indeed, we can analyse and forecast all we want, but ultimately the price is always right...
  • #370,445
  • Jan 23, 2011 4:24am Jan 23, 2011 4:24am
Quoting FibbinArchie
indeed, we can analyse and forecast all we want, but ultimately the price is always right...

yep, with you
  • #370,446
  • Jan 23, 2011 5:05am Jan 23, 2011 5:05am
Attached Image (click to enlarge)
Click to Enlarge Name: cable weekly.jpg Size: 60 KB




similar price structure on cable
  • #370,447
  • Jan 23, 2011 5:10am Jan 23, 2011 5:10am
Yet another chart, lol. Simple view, daily. Couple of observations. Since the highs back in Nov, we have had three down legs. This is the first good rally since then. Also its the first rally that has taken the highs out from the previous downleg. However, that last down move was a little sneaky, giving the bears a false breakout. So looking back a bit, the leg before that starts at 3786, that would have to be the final line in the sand for the bears. Through there though bulls will eye the 4281 swing high. Comments? PTL
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.gif Size: 16 KB
Look Sharp/Trade Tight
  • #370,448
  • Jan 23, 2011 6:23am Jan 23, 2011 6:23am
Quoting PayTheLimit
Yet another chart, lol. Simple view, daily. Couple of observations. Since the highs back in Nov, we have had three down legs. This is the first good rally since then. Also its the first rally that has taken the highs out from the previous downleg. However, that last down move was a little sneaky, giving the bears a false breakout. So looking back a bit, the leg before that starts at 3786, that would have to be the final line in the sand for the bears. Through there though bulls will eye the 4281 swing high. Comments? PTL
Not being an expert on ew, but that fits with elliot theory, wave 4 being drawn out & sub divided. If so this up move is corrective and should sub divide into an ABC formation... Would be interesting to get some expert ellioticians' observations...
  • #370,449
  • Jan 23, 2011 6:36am Jan 23, 2011 6:36am
guys what do you think about the EUR in the next week ? >>> is there any good news that it will go up?
  • #370,450
  • Jan 23, 2011 6:37am Jan 23, 2011 6:37am
Quoting okh
Outside bar in the USD Index weekly chart.
Thursday and Friday to be a fairly strong day battle between GPB and USD,, this is a concern for predicting GU, if GU will rise further break .6000 or bounce to .57**
only an analysis, and I'm always wrong, don't follow me,
  • #370,451
  • Edited 7:31am Jan 23, 2011 7:02am | Edited 7:31am
Quoting okh
Outside bar in the USD Index weekly chart.
Yes .. your chart shows nearly the same as mine ... please allow a little correction ...

This one shows the weekly candle as it has seen its closing after week no.3 in 2011 ...

Only one bar later ... we find us below that pattern ... currently ...

Moreover a parabolic SAR 0.02; 0.2 has been print at 81.44 in weekly chart as well now ... after parabolic 0.11; 0.1 has given that earlier ... and this is not known as being a very bullish sign for the Dollar ...



But nice ... you obviously have drawn similar triangle pattern ... which started to prevail from a monthly view ...

As to be observed in monthly chart ...



;-)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2011-01-21 _ zigzagtracktracer (23h09 CET) USD-INX xWeek _ 000.GIF Size: 50 KB
Click to Enlarge Name: 2011-01-21 _ zigzagtracktracer (23h09 CET) USD-INX xMonth _ 000.GIF Size: 49 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #370,452
  • Jan 23, 2011 7:05am Jan 23, 2011 7:05am
Look at weekly chart, whats the indications.

On December to January Euro already test Fib 50% 1.30 and now its in 1.362 range Which shows its on bullesh and looking to break November 2010 High 1.427.

As Oanda Sentiments databse above 60% Shorts in Euro, Be carefull for all those friends whom Short in Euro.

Looking Strong Reason from whom shorts in Euro.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD WEEKLY INDICATIONS.JPG Size: 115 KB
Trade what you see, Not what you think.
  • #370,453
  • Jan 23, 2011 7:34am Jan 23, 2011 7:34am
Quoting mercy seat
Only one bar later ... we find us below that pattern ... currently ...
LOL, my chart lost a candle!
  • #370,454
  • Edited 7:52am Jan 23, 2011 7:36am | Edited 7:52am
How about this one? And to all the freaks out there, I don't want to hear I'm taking the fibs from the candle and not the wicks. Go read Constance Brown before you do that.

Point is, we can draw all we want and read all the leaf tea we can, the price will do whatever it wants. All this so called analysis is subjective and therefore worthless.

edit: Stop building a directional bias your head and JUST FOLLOW to where the price is taking you.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.FXCM - Candle One Year_1w 2011-01-23 073313.GIF Size: 19 KB
  • #370,455
  • Jan 23, 2011 7:53am Jan 23, 2011 7:53am
Quoting attila
All this so called analysis is subjective and therefore worthless.

Attachment
Subjective = Correct.
Worthless = In-correct.

The more eyes on certain levels, the more importance that they have.

Never forget the market is made and built by humans... Therefore... we like tops and bottoms to be logical.

Round numbers, fib lines, trend lines etc all play a part in it.
  • #370,456
  • Jan 23, 2011 7:55am Jan 23, 2011 7:55am
I disagree. I edited the post while you were writing yours. As soon as you try to build logic around the market you lose. The market is built by humans, but emotions/unpredictable events play a huge role and they are all illogical.

Quoting Venice
Subjective = Correct.
Worthless = In-correct.

The more eyes on certain levels, the more importance that they have.

Never forget the market is made and built by humans... Therefore... we like tops and bottoms to be logical.

Round numbers, fib lines, trend lines etc all play a part in it.
  • #370,457
  • Jan 23, 2011 7:58am Jan 23, 2011 7:58am
Quoting attila
I disagree. I edited the post while you were writing yours. As soon as you try to build logic around the market you lose.
How so? All my entries have logic, and equation of if-then and it doesn't stop just with entries, the entire trade is managed with if-then's as well until no longer applicable and the trade will be complete.

That seems pretty logically based to me, but then again... i'm no expert...
  • #370,458
  • Jan 23, 2011 8:07am Jan 23, 2011 8:07am
Bottom line guys, (and obviously not advocating this as a strategy) you could just toss a coin or get your pet chimp to throw darts at a board to decide entry level and long or short, but with correct use of money management principles and good trade management you can still be profitable...
  • #370,459
  • Jan 23, 2011 8:08am Jan 23, 2011 8:08am
Ah yes... Of course, but here's my take. I regard the market as completely random and I treat it as such. All we can do, is constrain it with whatever method we use for trading, and that has to be in stone because it's the only thing we can control. Whatever that method is, it doesn't matter.

What I was alluding to was that most people are trying to analyze to death because we want to be right more than we want to make money. We create bias in our head, and that blinds us. Point is, do YOUR analysis, don't listen to ANYONE but be ready at every moment to be proven wrong. I wondered a little longer, not sure I made my point clear.

by worthless I meant other people's take on things.

Quoting Venice
How so? All my entries have logic, and equation of if-then and it doesn't stop just with entries, the entire trade is managed with if-then's as well until no longer applicable and the trade will be complete.

That seems pretty logically based to me, but then again... i'm no expert...
  • #370,460
  • Jan 23, 2011 8:21am Jan 23, 2011 8:21am
Quoting attila
Ah yes... Of course, but here's my take. I regard the market as completely random and I treat it as such. All we can do, is constrain it with whatever method we use for trading, and that has to be in stone because it's the only thing we can control. Whatever that method is, it doesn't matter.

What I was alluding to was that most people are trying to analyze to death because we want to be right more than we want to make money. We create bias in our head, and that blinds us. Point is, do YOUR analysis, don't listen to ANYONE but be ready at every...
Gotcha... I got into the drinks a little to heavy last night so i'm moving a little slow here!

I don't believe the market is random, but you are 100% correct in that we should just follow price... it, generally, does point to where it wants to go.
3,182 traders viewing now