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Daytrading the EUR/USD... the most liquid pair

  • #21
  • Mar 14, 2011 9:19am Mar 14, 2011 9:19am
incidentally there was also tl support at 43, now risen to 53 on m5...

and 67 (so far being rejected) is a long term fib...
  • #22
  • Mar 14, 2011 9:22am Mar 14, 2011 9:22am
Quoting FibbinArchie
incidentally there was also tl support at 43, now risen to 53 on m5...
So the range is narrowing, a breakout seems close.........
  • #23
  • Mar 14, 2011 9:25am Mar 14, 2011 9:25am
Quoting AmeriTrini
So the range is narrowing, a breakout seems close.........
yeah agree, can't read which direction tho...
  • #24
  • Mar 14, 2011 9:26am Mar 14, 2011 9:26am
Quoting FibbinArchie
yeah agree, can't read which direction tho...
I'm biased to the downside since it has moved up so much already.
  • #25
  • Mar 14, 2011 9:27am Mar 14, 2011 9:27am
waiting for the daily range to increase so we can get back to harvesting pips
  • #26
  • Mar 14, 2011 9:28am Mar 14, 2011 9:28am
Quoting AmeriTrini
I'm biased to the downside since it has moved up so much already.
I was, but starting to wonder being so close to 403x...

in any case, am conscious of a potential fake...
  • #27
  • Mar 14, 2011 9:32am Mar 14, 2011 9:32am
Seems 67 is holding, and I have 41 as a break lower, we will see
  • #28
  • Mar 14, 2011 9:34am Mar 14, 2011 9:34am
Quoting jrushing
Seems 67 is holding, and I have 41 as a break lower, we will see
23.6 fr of feb low to the high...

that said it's only a level till it isn't...
  • #29
  • Mar 14, 2011 9:35am Mar 14, 2011 9:35am
Quoting rogerdoger
waiting for the daily range to increase so we can get back to harvesting pips
yes its about half the daily range, I would you say now.
  • #30
  • Mar 14, 2011 9:39am Mar 14, 2011 9:39am
Quoting AmeriTrini
yes its about half the daily range, I would you say now.
just over half recent average, although the third option is that we just put in a narrow range day...
  • #31
  • Mar 14, 2011 9:42am Mar 14, 2011 9:42am
the catalyst to move this pair lower would be oil coming under $100, imho......
  • #32
  • Mar 14, 2011 9:47am Mar 14, 2011 9:47am
Quoting AmeriTrini
the catalyst to move this pair lower would be oil coming under $100, imho......
due to USD neg correlation?

currently $113? (that's off of brent futures, I don't have any other codes)...
  • #33
  • Mar 14, 2011 9:49am Mar 14, 2011 9:49am
Quoting FibbinArchie
due to USD neg correlation?

currently $113? (that's off of brent futures, I don't have any other codes)...
I have it at $100.07, thats US Oil........and yes, negative correlation....
  • #34
  • Mar 14, 2011 9:50am Mar 14, 2011 9:50am
67 just popped, let's see if it holds or rejects...
  • #35
  • Mar 14, 2011 9:51am Mar 14, 2011 9:51am
Quoting AmeriTrini
I have it at $100.07, thats US Oil........and yes, negative correlation....
ok cool, I thought I was reading it wrong...
  • #36
  • Mar 14, 2011 9:56am Mar 14, 2011 9:56am
lets see if that closes above or below 67, I am still seeing a major change here, chf is sitting on a strong support, eurcad is at a strong resistance, we will see if PA rules or not
  • #37
  • Mar 14, 2011 9:56am Mar 14, 2011 9:56am
has the double top been violated?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD1.JPG Size: 187 KB
  • #38
  • Mar 14, 2011 9:58am Mar 14, 2011 9:58am
Quoting AmeriTrini
has the double top been violated?
no and it's just dipped back under 67, but hour bar close in about 2 minutes...
  • #39
  • Mar 14, 2011 9:59am Mar 14, 2011 9:59am
i think 1.3980 is the top?
  • #40
  • Mar 14, 2011 9:59am Mar 14, 2011 9:59am
sold eu
Attached Image (click to enlarge)
Click to Enlarge Name: eu311.png Size: 41 KB
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