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EURUSD

  • #391,121
  • Feb 20, 2011 2:26pm Feb 20, 2011 2:26pm
The chart showing 30 min as explained previous. drawn off h/l though showing only the close for unfussy chart.
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Click to Enlarge Name: eurusd-30min.JPG Size: 55 KB
  • #391,122
  • Feb 20, 2011 2:26pm Feb 20, 2011 2:26pm
Quoting KillerWhale
Okay, I've entered my first long @ 1.3705 and 1.3700, target 1.40.
With patience it will get there.

Shamu
Shall I give you my address? Make funds payable to W.

On a more serious note, good luck.
  • #391,123
  • Feb 20, 2011 2:29pm Feb 20, 2011 2:29pm
Quoting PhAnTi'
i highlighted ''patience'' , didnt I ? : p

yeah, that's right
  • #391,124
  • Feb 20, 2011 2:30pm Feb 20, 2011 2:30pm
I am more interested in selling the nuts outa this bugger for now.
  • #391,125
  • Feb 20, 2011 2:30pm Feb 20, 2011 2:30pm
Quoting Raza
I keep hourly and higher tf in mind. But I trade off 1 min and 5 min charts.


It is very interesting (1min) . I never used to look at 1 minute chart cause I thought it is too much noise..but once you understand it..it is amazing!
exactly... if you have an idea of the s/r level is ..use the 1 and 5m for entry.. if you get a 1m reversal candle. the odds are you dont have to rush to get in. because it more times then not, it will knock twice. sl can be just a few pips higher.. with min risk.. allowing a bigger trade since the risk is less.
those who can, do. those who cant, talk about those who can
  • #391,126
  • Feb 20, 2011 2:30pm Feb 20, 2011 2:30pm
Quoting PunjabiSher
I am more interested in selling the nuts outa this bugger for now.
http://img207.imageshack.us/img207/1531/getx.gif
  • #391,127
  • Edited 2:44pm Feb 20, 2011 2:33pm | Edited 2:44pm
Quoting gatorinla
exactly... if you have an idea of the s/r level is ..use the 1 and 5m for entry.. if you get a 1m reversal candle. the odds are you dont have to rush to get in. because it more times then not, it will knock twice. sl can be just a few pips higher.. with min risk.. allowing a bigger trade since the risk is less.
Exactly...

I have added KILLs .. 200 ema on 5 minute chart too see how it acts as support or resistence.

One more thing I would give away is ..Try putting a Stoch .. changing the default seeting to 10, 5, 5. respectively and see on 1 minute chart to daily. when the market is oversold or overbought without lagging as most indis are too late to see those levels.

For more advance undestanding of it use Divergence on the Indi such as RSI ...I dont use that anymore cause I found stoch works as good.

For divergence call I must say I have not been wrong NOT EVEN ONCE for more than 2 years..SPOTTING IT AT THE RIGHT TIME RIGHT PLACE and calling a 300- 700 pip move.and yes it is a Fact


Recently a 1000 pip move on E/U. from 1.28xx to 1.38xx.( see old post)
Its an art.
Markets are not Random, they are designed!
  • #391,128
  • Feb 20, 2011 2:34pm Feb 20, 2011 2:34pm
Quoting johnnyrei
anyone has link for weekend oil prices?

Thank you
4h
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those who can, do. those who cant, talk about those who can
  • #391,129
  • Feb 20, 2011 2:35pm Feb 20, 2011 2:35pm
Quoting mercy seat
http://www.forexfactory.com/images/attach/pdf.gif 2011-02-18_22h50_Interbank Foreign Exchange Rates (Clôture 07) FR.pdf (8.1 KB)

Here they are ... latest Interbank Foreign Exchange Rates (Clôture 07) markets are closed now ...

EUR/USD 1.3689/91


Und tschüss ... schönes Wochenende



;-|
http://www.forexfactory.com/images/attach/pdf.gif 2011-02-20_20h50_Interbank Foreign Exchange Rates (Ouverture 08) FR.pdf (7.9 KB)


Here they are ... first Interbank Foreign Exchange Rates (Ouverture 08) markets are open now ...


EUR/USD ... Started at 1.3689 ... Trend and potential is up (+06) which is a bullish number ...

But that does not mean that much ... as we expect it running out of steam soon ...



;-|
Attached File(s)
File Type: pdf 2011-02-20_20h50_Interbank Foreign Exchange Rates (Ouverture 08) FR.pdf   8 KB | 468 downloads
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #391,130
  • Feb 20, 2011 2:37pm Feb 20, 2011 2:37pm
Quoting KillerWhale
There is every reason for EUR to rise to 1.40 and probably way further if you have patience enough. I wouldn't be surprised to see 1.42 in the near future or higher.

Every time frame 1 hour and up is bullish.
Since you entered a trade on a sunday night,and even worser at the weekly monthly top,a long position shows that you have zero patience and trading skills,and are destined to fail because of your unreal target,but congrats on your optimism.
  • #391,131
  • Feb 20, 2011 2:39pm Feb 20, 2011 2:39pm
Good mental checklist for a trader to know.
Quoting matlock
A mental checklist for every trader:

http://2.bp.blogspot.com/-EhcGgTZL-S...principles.png
  • #391,132
  • Feb 20, 2011 2:42pm Feb 20, 2011 2:42pm
The Euro broke a declining resistance trend line that laid @1.3600-.3630 as there was no demand for dollar and ECB member L. B. Smaghi's hawkish comments on inflation of Eurozone acted as a trigger for upward movement.

These silver lines express Fibonacci retracements 62-50-38-24 for range 1.2880-1.4270. Blue box is a area of 61.8%-66% of this range. These brown lines are just examples of divergence that caused this reversal of the trend combined with 61.8%-66% resistance zone. Indicators from above: MACD + hisrogram, Momentum, Stochastics, RSI9

http://3.bp.blogspot.com/-tlzEaWBVw8...d_analysis.png
  • #391,133
  • Feb 20, 2011 2:43pm Feb 20, 2011 2:43pm
Quoting pinkiaiii
Since you entered a trade on a sunday night,and even worser at the weekly monthly top,a long position shows that you have zero patience and trading skills,and are destined to fail because of your unreal target,but congrats on your optimism.
Lol,
Have you proved anything yet on this forum?
Oh and by the way, I'm 3 pips in gain now.

Sorry, 4

221 posts, 2 months member and a big mouth, that's all you have.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #391,134
  • Feb 20, 2011 2:51pm Feb 20, 2011 2:51pm
PFFF...
there is an UFO on my h4 chart near 3750.

patience is sell there then buy on the confirmationof 3690.

only my idea!
trend is up but take care on 3750-3850-3880-3970 levels

euro above .4000 possible but i would not like!!
there is no fundamental reason to be so high... eurozone is worst same as USA.

bybye
Attached Image (click to enlarge)
Click to Enlarge Name: eusdh4.jpg Size: 214 KB
90% of traders use TA, indicators and prediction
  • #391,135
  • Feb 20, 2011 2:51pm Feb 20, 2011 2:51pm
Quoting gatorinla
4h
that is friday closing price i believe.... not current one
  • #391,136
  • Feb 20, 2011 2:51pm Feb 20, 2011 2:51pm
Quoting Raza
Exactly...

I have added KILLs .. 200 ema on 5 minute chart too see how it acts as support or resistence.

One more thing I would give away is ..Try putting a Stoch .. changing the default seeting to 10, 5, 5. respectively and see on 1 minute chart to daily. when the market is oversold or overbought without lagging as most indis are too late to see those levels.

For more advance undestanding of it use Divergence on the Indi such as RSI ...I dont use that anymore cause I found stoch works as good.

For divergence call I must say I have not been...
this dont work for all meta's i dont know why.. i have 3.. and it works on one. you have to check imports. but using a 1m and a 5... it may help with the candles. the best entry is when both are 80+.. see if improves what you use. or not.
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File Type: mq4 MA_of_RSX.mq4   4 KB | 488 downloads
those who can, do. those who cant, talk about those who can
  • #391,137
  • Feb 20, 2011 2:52pm Feb 20, 2011 2:52pm
Quoting _BBKing_
PFFF...
there is an UFO on my h4 chart near 3750.

patience is sell there then buy on the confirmationof 3690.

only my idea!
trend is up but take care on 3750-3850-3880-3970 levels

euro above .4000 possible but i would not like!!
there is no fundamental reason to be so high... eurozone is worst same as USA.

bybye
zonk
Hero calls followed by margin calls...
  • #391,138
  • Feb 20, 2011 2:52pm Feb 20, 2011 2:52pm
hey Magix, how you doing bro?
your valuable feedback is always appreciated.
i was looking at the same, just wondering it might be ready for a retrace before going long. or that retrace might become a good move down. i ll look for the right setup too before i take the trade.
Wish you green week
Goodluck


Quoting Magix
I have a resistance line in the same place as you have put it hkk...

That resistance line is the Monthly open...of course depending on broker, + or - a few pips...but toppy all the same.

Taking into consideration the buying that went on during the NY session, on a Friday, I would say that there is a very real possibility that we will see a shake down to lower levels, but the real questions is, FROM WHERE?

Now this is an area of the chart that has been bought up, so expectation would say that if we do see some sellers entering in during...
  • #391,139
  • Feb 20, 2011 2:53pm Feb 20, 2011 2:53pm
Quoting mercy seat
http://www.forexfactory.com/images/attach/pdf.gif 2011-02-20_20h50_Interbank Foreign Exchange Rates (Ouverture 08) FR.pdf (7.9 KB)


Here they are ... first Interbank Foreign Exchange Rates (Ouverture 08) markets are open now ...


EUR/USD ... Started at 1.3689 ... Trend and potential is up (+06) which is a bullish number ...

But that does not mean that much...

Der Tag hat noch gut 25 Stunden ... upside 1.3727 - 1.3737 or 1.3752/55 ... after all pullback to 1.3655 or 1.3649 - 1.3611 possible then ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #391,140
  • Feb 20, 2011 2:56pm Feb 20, 2011 2:56pm
Quoting gatorinla
this dont work for all meta's i dont know why.. i have 3.. and it works on one. you have to check imports. but using a 1m and a 5... it may help with the candles. the best entry is when both are 80+.. see if improves what you use. or not.
Thanks.

I dont have meta trader..

But every broker does provide stochastic ( slow .fast ).

You dont have a regular stoch? if you do change its default settings to 10,5,5 and watch your 1 min 5 min or 15 min for scalping from OB or OS levels.

By the way E/U I see 1.3779 - 86 as a TROUBLED AREA for Bulls. Break above then 1.4000 is likely. Upside major resistence then will be

1.4223 and support 1.3730.

For now 1.3650 - 45 is support( buying opp)
Markets are not Random, they are designed!
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