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EURUSD

  • #500,641
  • Jul 27, 2011 1:40am Jul 27, 2011 1:40am
Quoting gatorinla
looks like its still a good setup for a least 40..
Painted 40 nearly to the pip from your 22!

You're spooky sometimes!
  • #500,642
  • Jul 27, 2011 1:41am Jul 27, 2011 1:41am
Today's EU Analysis

The dollar is really fundamentally fumbling and as long as this continues, we (traders) would continue to cash profit on it against EUR, AUD, GBP and NZD.

As per EU, this pair is fast approaching it's supply region but when a move is triggered by fundamental economic events, overbought or oversold won't have any meaning make no sense.

EU broke the upper channel TL on the daily chart yesterday (on my chart) and reached 1.4500 as I analyzed and expected. So many traders are expecting EU to turn back around here so as to validate the continuation of the bearish move from the 1.4930 region.

Now, two scenarios are expected as usual on EU. The first is for EU to break 1.4550 up. I expect 1.4575 - 1.4580 (high of 4/7/11) to delay it's bull run. And that will be a good region to sell if there is clear signal. But if EU bullshit all these regions (with strong volume only) then more north moves would be seen. The second scenario is for EU to retrace as expected. If EU breaks 1.4500 down and there is a clear sell signal on the lower TFs, then 1.4450 and 4400 could be touched.

Technically, application of bull TL to 1hr and 4hr charts on EU shows that a retracement of the pair back to 1.4400 region is expected and that region can then form a new demand zone.

During this period, there is going to be a lot of signals to buy and to sell but make sure you take a clear one and you confirm before going in.

Happy pippin

Tiamiyu Ibraheem Abiodun
Attached Image(s) (click to enlarge)
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  • #500,643
  • Jul 27, 2011 1:42am Jul 27, 2011 1:42am
morning all, my shorts are still drowning, but for now im not seeing any circling sharks...but now im stuck...swim for shore or hope a boat comes along...well are we seeing a retrace/profit taking before we carry on upto 1.46, in which case il take a kick in the nuts at 1.4450 and go long...or do i hope this is the beginning of the euro drop, and target 1.42...this is the stupid indecision one faces when you dont put in a stoploss...
  • #500,644
  • Jul 27, 2011 1:45am Jul 27, 2011 1:45am
Quoting PayTheLimit
bastards caught me snoozing...

sneaky...


that prints a new low after a new high.
bumpy ride today.

usdchf is also hammered
  • #500,645
  • Jul 27, 2011 1:47am Jul 27, 2011 1:47am
Quoting PayTheLimit
bastards caught me snoozing...
long very heavy against 80, play for 4540...

ps, if I can make the hour...
Attached Image (click to enlarge)
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Look Sharp/Trade Tight
  • #500,646
  • Jul 27, 2011 1:47am Jul 27, 2011 1:47am
ok lets c if they can be held..for 6 months + .. first step is a cap at 4505/07
Attached Image (click to enlarge)
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those who can, do. those who cant, talk about those who can
  • #500,647
  • Jul 27, 2011 1:48am Jul 27, 2011 1:48am
Quoting tonegawa
I still have to read it.
I have a B.S. and M.S. in computer science so I thought that a good quant book would be helpful.
And before you spent your time on short term quant you might want to think about what might change in the future (FTT, Dodd Frank etc)

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  • #500,648
  • Jul 27, 2011 1:48am Jul 27, 2011 1:48am
Quoting fxjawn
sorry i was off a bit with the sell at 4507 comment....
How so, slayer?
  • #500,649
  • Jul 27, 2011 1:49am Jul 27, 2011 1:49am
Quoting gatorinla
ok lets c if they can be held..for 6 months + .. first step is a cap at 4505/07
Nice!
  • #500,650
  • Jul 27, 2011 1:50am Jul 27, 2011 1:50am
Quoting PayTheLimit
long very heavy against 80, play for 4540...

ps, if I can make the hour...
short term...
Attached Image (click to enlarge)
Click to Enlarge Name: chart2.gif Size: 14 KB
Look Sharp/Trade Tight
  • #500,651
  • Jul 27, 2011 1:50am Jul 27, 2011 1:50am
Quoting brighty3k
Today's EU Analysis

The dollar is really fundamentally fumbling and as long as this continues, we (traders) would continue to cash profit on it against EUR, AUD, GBP and NZD.

As per EU, this pair is fast approaching it's supply region but when a move is triggered by fundamental economic events, overbought or oversold won't have any meaning make no sense.

EU broke the upper channel TL on the daily chart yesterday (on my chart) and reached 1.4500 as I analyzed and expected. So many traders are expecting EU to turn back around here so as to...
Your articles helps me a lot....Thank you very much sir. Anybody could tell me what time London open.....15m or 1 hour 15m from now....thx
  • #500,652
  • Jul 27, 2011 1:50am Jul 27, 2011 1:50am
Quoting rattyo
40 up or 40 down?
that was in reference to the earlier setup at 4522.... on the 5m its usually good for 40+ pips.
those who can, do. those who cant, talk about those who can
  • #500,653
  • Jul 27, 2011 1:53am Jul 27, 2011 1:53am
Quoting PayTheLimit
short term...


got one at 4498, but i wouldnt' bet it on 40 pips soon.
let's see what the brits have to say
  • #500,654
  • Jul 27, 2011 1:58am Jul 27, 2011 1:58am
Quoting prezd


got one at 4498, but i wouldnt' bet it on 40 pips soon.
well lets see how the hour closes...above even and 03 helps...
Look Sharp/Trade Tight
  • #500,655
  • Jul 27, 2011 1:58am Jul 27, 2011 1:58am
Only chance bear got and about to loose.
Badly need a good temp resistance in 4515 area for now.
You cannot learn better without losing
  • #500,656
  • Jul 27, 2011 1:59am Jul 27, 2011 1:59am
Quoting gatorinla
ok lets c if they can be held..for 6 months + .. first step is a cap at 4505/07
Hey Gator your with Oanda now? I remember when you used to be w/ MB.
  • #500,657
  • Jul 27, 2011 2:04am Jul 27, 2011 2:04am
Well...I went long on a cocktail instead of anything else on this pair for now. I'll leave some for tomorrow.

Just going to chill and take it in for a bit before crashing.
  • #500,658
  • Jul 27, 2011 2:05am Jul 27, 2011 2:05am
Quoting 2+2=4ex
Hey Gator your with Oanda now? I remember when you used to be w/ MB.
Damn... he's gonna drain them

Good morning
  • #500,659
  • Jul 27, 2011 2:05am Jul 27, 2011 2:05am
Quoting kenfen69
Well...I went long on a cocktail instead of anything else on this pair for now. I'll leave some for tomorrow.

Just going to chill and take it in for a bit before crashing.
enjoy brother..
Look Sharp/Trade Tight
  • #500,660
  • Jul 27, 2011 2:06am Jul 27, 2011 2:06am
Quoting Mr Hatch

Good morning
rested?
Look Sharp/Trade Tight
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