EURUSD | Page 21886 | 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

  • #437,701
  • May 6, 2011 2:15pm May 6, 2011 2:15pm
Quoting RamsesII
That is what I initially had but this would be a mighty big wave A, guess it's possible.
I believe it can trace to the 50 fib and still be valid...14197ish

Plus I would probably say a truncated fifth due to the depth of correction here....IMHO
  • #437,702
  • May 6, 2011 2:17pm May 6, 2011 2:17pm
last chart for this week good luck


have a great weekend
Attached Image (click to enlarge)
Click to Enlarge Name: 4h eur.gif Size: 18 KB
  • #437,703
  • May 6, 2011 2:20pm May 6, 2011 2:20pm
heading out.. good luck, and have a good weekend, PTL....
Look Sharp/Trade Tight
  • #437,704
  • May 6, 2011 2:29pm May 6, 2011 2:29pm
Quoting RamsesII
Not a bad spot but a bit late in the week to open a new trade. Til next week when we do it all over again! Starting to question another 5th wave high above 1.5 at this point. I'm also having trouble counting the waves off the top now.
I do not know: if this move down from the top was an A-wave, wave B could bring us back into the heart of this move down at around 4650. A measured move of 100% of wave A would bring us down to around 400.

At 400 I have the lower line of a pitchfork which has its root at 1.18

That will be a very interesting point.

But since the price had never reached the upper line of the pitchfork since start of January, chances are very high that we will break it. But I will not count the chicken before this break of the pitchfork.
  • #437,705
  • May 6, 2011 2:33pm May 6, 2011 2:33pm
We technically could move to the TTL

Attached Image (click to enlarge)
Click to Enlarge Name: 20.png Size: 77 KB





Quoting infinitus
I do not know: if this move down from the top was an A-wave, wave B could bring us back into the heart of this move down at around 4650. A measured move of 100% of wave A would bring us down to around 400.

At 400 I have the lower line of a pitchfork which has its root at 1.18

That will be a very interesting point.

But since the price had never reached the upper line of the pitchfork since start of January, chances are very high that we will break it. But I will not count the chicken before this break of the pitchfork.
  • #437,706
  • May 6, 2011 2:35pm May 6, 2011 2:35pm
Hey Gator, Are you buying Dullah, like in 2008? Could this Punk rally

to 80 with static 0% interest rate and 16 trillion debt?
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #437,707
  • May 6, 2011 2:38pm May 6, 2011 2:38pm
Quoting pipper
Nice pips over the two days... Will keep an eye on this setup if PA holds for next week...

slan go foill mo chara

Hi Pipper,

EW wise the chances for that scenario are not given. We have a very clear 5 wave impulse down.

If we see it with USD bearish eyes, you can await a bounce up on Monday/Tuesday (maybe 50% of the downmove), but then another move down between 62% and 162% of the recent move down.

After that new highs are probably.
  • #437,708
  • May 6, 2011 2:45pm May 6, 2011 2:45pm
Quoting needpips
If we retraced a solid 61.8% from here....14860 easy...Im only scalping short...it can be scary on a cliff
Hi Needpips,

the cliff is very good:

imagine:

we are not at the end of a fifth wave, but in a series of 1-2's down. We could literaly open on Sunday 100 or 200 pips deeper with more downside to come

Right now I have a small long position, but will not hold it over weekend.
  • #437,709
  • May 6, 2011 2:49pm May 6, 2011 2:49pm
Quoting gordonfx
not to long ago they were rioting about cut backs to their pensions....now correct me if I'm wrong Aren't their pensions in Euro's ? So if they leave their willing to be cut from 80% down to Nothing? Who are they kidding....
...you can't simplify like that...there's no point in remaining isolated from the Eurozone for a non-competitive economy as they are now. Rejecting the Euro for Greece is nonsense, especially at this point in time. Member states are just saying - do your homework and you will benefit from the strength of bigger economies.... Greece has just to change bad habits and do the homework, that's the only focus now ...they know what is the prize. There are more chances to see Germany, France and Italy adopting the Drachma than Greece leaving the Euro...This is clearly just another well cooked story timely delivered
  • #437,710
  • May 6, 2011 2:49pm May 6, 2011 2:49pm
Quoting needpips
I think that was 5 of larger 3...the drop down is the start of what will probably kick off a painfully winding large wave 4....N/J was in one last summer...made mad $$$ on it
5 of larger three is unlikely. Take a 10 to 15min chart and apply an Awesome Oscillator on it. Either this wave down (todays down) has to run a long way, or the 3 is yesterdays drop.
  • #437,711
  • May 6, 2011 2:50pm May 6, 2011 2:50pm
Hi Infinitus,

Hope recent trading is faring well with you.. I need to study EW over the next week or so to get a general understanding of it and try applying it to my trading also. I enjoy reading your analysis but have not researched EW.

Any recommended reading or sites ?

Quoting infinitus
Hi Pipper,

EW wise the chances for that scenario are not given. We have a very clear 5 wave impulse down.

If we see it with USD bearish eyes, you can await a bounce up on Monday/Tuesday (maybe 50% of the downmove), but then another move down between 62% and 162% of the recent move down.

After that new highs are probably.
Disclaimer: Check your 1m charts
  • #437,712
  • May 6, 2011 2:51pm May 6, 2011 2:51pm
Quoting AllyB
i have learned a lot from both of them that's for sure. gleneagles 12 pip targets within a 20 pip range makes it so easy for me to see good trades. cloggie got me started in this direction and between the 2 i have found my style of trading. you better know i am sticking with the eagle eye but would like to keep in touch and compare s/r's with cloggie also ... know what i mean
definitely know what you mean. many, many green pips to you.
  • #437,713
  • May 6, 2011 2:52pm May 6, 2011 2:52pm
As usual, the EU is showing the same reaction at these levels. But this time it is all about the fall of 2007(see chart attached). The fundamentals are continuing to unfold. But the issue is not the breakdown of the monetary union, its the breakdown of the political union which will be the inevitable consequence. The exit of Greece, Portugal, Ireland, if it should happen at that stage, will be sold as a positive to the "markets" and the EU will continue its rally to higher levels. It will come to an end when the political breakdown will be at the center stage of the mainstream news.
Attached Image (click to enlarge)
Click to Enlarge Name: weekly fib.gif Size: 101 KB
  • #437,714
  • May 6, 2011 2:56pm May 6, 2011 2:56pm
I am done for this week, here is my Statement for this week:

After Cut Losing around 7,000 USD on first half, I managed to recover 5,200 USD of it so far in this week, I have to make 1,800 + 8000 USD next week because I already have another withdrawal of 8k lined up on this account on 16th of this Month. This was a fundamentally charged week and I had to work very hard for last 3 days to recover my losses made earlier in the week.. All the best everyone for next week.

Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 94 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 2.jpg Size: 144 KB
  • #437,715
  • May 6, 2011 2:58pm May 6, 2011 2:58pm
Quoting Mr Hatch
definitely know what you mean. many, many green pips to you.
same to you hatch and you have a great weekend.

don't show my picture around too much ok
  • #437,716
  • May 6, 2011 3:00pm May 6, 2011 3:00pm
This is my other scenario (test of fib fan levels)
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 363 KB
Disclaimer: Check your 1m charts
  • #437,717
  • May 6, 2011 3:02pm May 6, 2011 3:02pm
Quoting AllyB
same to you hatch and you have a great weekend.

don't show my picture around too much ok
don't get too mad at me, but that is a tattoo I have on my left arm

all the way together
  • #437,718
  • May 6, 2011 3:02pm May 6, 2011 3:02pm
Quoting Purple
I am done for this week, here is my Statement for this week:

After Cut Losing around 7,000 USD on first half, I managed to recover 5,200 USD of it so far in this week, I have to make 1,800 + 8000 USD next week because I already have another withdrawal of 8k lined up on this account on 16th of this Month. This was a fundamentally charged week and I had to work very hard for last 3 days to recover my losses made earlier in the week.. All the best everyone for next week.

Attachment
Attachment
Such honesty is not in keeping with the spirit of this forum.

Good luck with the recovery.
  • #437,719
  • May 6, 2011 3:09pm May 6, 2011 3:09pm
Quoting SirMcPip
As usual, the EU is showing the same reaction at these levels. But this time it is all about the fall of 2007(see chart attached). The fundamentals are continuing to unfold. But the issue is not the breakdown of the monetary union, its the breakdown of the political union which will be the inevitable consequence. The exit of Greece, Portugal, Ireland, if it should happen at that stage, will be sold as a positive to the "markets" and the EU will continue its rally to higher levels. It will come to an end when the political breakdown will be at...
a reminder for people ( again)

http://www.forexfactory.com/showpost...stcount=435144

numerically this is what happened as these fundamentals unfolded in that time frame... the numbers are still valid now
  • #437,720
  • May 6, 2011 3:11pm May 6, 2011 3:11pm
Quoting Mr Hatch
don't get too mad at me, but that is a tattoo I have on my left arm

all the way together
good taste so how could i get mad

flying off into the wild blue yonder
376 traders viewing now