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  • #553,121
  • Oct 22, 2011 5:54pm Oct 22, 2011 5:54pm
Quoting factorof2
Wow, looking at my monthlies on the USD/JPY, just wow. Yen is the strongest it's been against the dollar since 1995!
Yea your probably right and the stock market is in for a very big bullish push, driven by mergers and aquisitions (isn't it always this during a recession to spur growth?).

Where I work we deal alot of orders to AT&T and they cut forcast last few months so we did a 30% workforce cut, but they say by EOY they will have more orders than ever before because they took over Verizon and need to ramp up.

Jag
  • #553,122
  • Oct 22, 2011 7:12pm Oct 22, 2011 7:12pm
Hi everyone...am a new member here in Forex factory. I visit this site everyday and read all the members comments and analysis...very informative. Now I finally joined this thread because my favorite currency pair is EUR/USD. Looking forward to learn from all of you guys...
  • #553,123
  • Oct 22, 2011 7:58pm Oct 22, 2011 7:58pm
Next levels 1.40288,1.41460
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 18 KB
  • #553,124
  • Oct 22, 2011 8:00pm Oct 22, 2011 8:00pm
Quoting harigp
H4 CHART with notes why it should go up possible to look for 1.39
eu
  • #553,125
  • Oct 22, 2011 8:22pm Oct 22, 2011 8:22pm
A lot of bullish opinions now, makes me think I should start looking for shorts at some point in the week

EDIT: Also thought I'd add one of the things I was looking at.

Attached Image (click to enlarge)
Click to Enlarge Name: wedge.png Size: 28 KB
"Don't Panic..."
  • #553,126
  • Oct 22, 2011 8:38pm Oct 22, 2011 8:38pm
Quoting micho
oh boy oh boy looking at the charts now slowly... there is a big possibility of USD and JPY weakness driving EURO above 1.4 along with GOLD, GPB... and others... wow, 500 pips did you guys say? lol
Hey Micho
As you know I watch 6 sync prs, last week started fine, generally they behaved well, but by Thursday, they started to go rogue, 1st geppy, then au then cable, this was warning extreme confusion eu thursday was 3rd confusion daily candle, I accept warning, and leave currency prs alone, when is so much confusion S&R TLs etc can be totally disrespect, turn attention to brent oil, I alert you, she trade a very neat range 109 96 - 109 26 70pips was tradeble,
Traded hi and low waiting BO, BO happen up to 111 85 closed at trade zone entry 111 52 sold rejection mid zone 111 65 pb 109 96 She back in range 109 96 - 109 26
For EU Fundy much depend blabber mouth politicians, sunday & wed, but better rr is short, at present level, or for long, wait if resist break retest reject etc
For me she at nice resist, will be watch monday open very closely, if gap up I will wait gap close then see reaction, hold below open, I ride her hard, if gap down, I will not wait gap close, but get on her first opportunity and ride her hard.
If she sky rocket I wait monthly close and reassess
Is last week of 2nd month of 4th 1/4, is extremely critical period, November is sell eu and switch off station come back towards month end
Trade safe bro, try get Brent Oil is nice pips available
If you are new to Forex? Say Goodbye to your account!!
  • #553,127
  • Oct 22, 2011 8:44pm Oct 22, 2011 8:44pm
Quoting KiwiTrada
Hey Micho
As you know I watch 6 sync prs, last week started fine, generally they behaved well, but by Thursday, they started to go rogue, 1st geppy, then au then cable, this was warning extreme confusion eu thursday was 3rd confusion daily candle, I accept warning, and leave currency prs alone, when is so much confusion S&R TLs etc can be totally disrespect, turn attention to brent oil, I alert you, she trade a very neat range 109 96 - 109 26 70pips was tradeble,
Traded hi and low waiting BO, BO happen up to 111 85 closed at trade...
Hi Kiwi

Looking forward for the final tonight? Do you think France has got a chance?

mla
"The Heart is the hub of all dances; go there and chill out"
  • #553,128
  • Oct 22, 2011 9:05pm Oct 22, 2011 9:05pm
Quoting mla
Hi Kiwi

Looking forward for the final tonight? Do you think France has got a chance?

mla
Ready and Waiting Bro
Any team who get to World Cup Final deserve respect so
I think only 50 points we have much payback to dish
If you are new to Forex? Say Goodbye to your account!!
  • #553,129
  • Edited 11:11pm Oct 22, 2011 9:23pm | Edited 11:11pm
Quoting KiwiTrada
Ready and Waiting Bro
Any team who get to World Cup Final deserve respect so
I think only 50 points we have much payback to dish
That is true. Finals always tricky. Not necessary the strongest teams wins but the ones with the biggest balls.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #553,130
  • Oct 22, 2011 9:52pm Oct 22, 2011 9:52pm
Agreed, when herd mentality kicks in I watch for a move in the opposite.

Quoting Halifax
A lot of bullish opinions now, makes me think I should start looking for shorts at some point in the week

EDIT: Also thought I'd add one of the things I was looking at.

Attachment
It's easy to be humbled but hard to be humble.
  • #553,131
  • Oct 23, 2011 12:14am Oct 23, 2011 12:14am
Quoting micho
oh boy oh boy looking at the charts now slowly... there is a big possibility of USD and JPY weakness driving EURO above 1.4 along with GOLD, GPB... and others... wow, 500 pips did you guys say? lol
Bring it On!
If there was easy money lying around,no one would be forcing it into your
  • #553,132
  • Oct 23, 2011 12:15am Oct 23, 2011 12:15am
.
Quoting iqyu5an
EU Talks Yield ‘Limited’ Progress on Banks’ Role in Greek Crisis
Source :Bloomberg

A 10-hour meeting in Brussels failed to yield a blueprint for banks’ role in a revamped Greek rescue as European finance ministers haggled over what they called a “credible firewall” against fallout from deeper writedowns.

------------------------
Spain, Italy under pressure as EU frames deal on bank capital
Source...
Quoting FXMindset
Bring it On!
not euphoria follower
  • #553,133
  • Oct 23, 2011 1:23am Oct 23, 2011 1:23am
For many traders the move for EURUSD in NY Friday night was a surprise given the uncertainty about the outcome of the Brussel meetings.

I shall not comment on the specific EURUSD move late in US session this Friday but more generally to the moves currency pairs do in US sessions Friday afternoons.

In Europe – for many years – we have always said that during this part of the trading week, you stay away. Take a long weekend and let the US traders run like chickens. That’s what they do. Moves are often totally unpredictable – likely because there is absolutely no debt in the market.

I have not seen moves in US session on Friday afternoons as any indicator of value to what is going to happen the week after – unless there have been news or data from that Friday supporting the move.

Most Fridays there aren’t any such news or data of interest – and still the US session at the end of the week shows volatility and moves. That’s why we ignore them in respect of what to do the week after.

The debt of the Foreign Exchange market you find during European opening hours. Turnover in the market then is almost three times what it is when the US session is on its own. In fact – the Asian session shows more of debt than what is the case for the US session.

Big client orders and the bigger moves by market makers are executed accordingly. You need debt in the market to do those amounts – and such debt you don’t find in the NY session. As such – you wait until the next day – and that’s when you see what volume is doing.

Sorry to say – but US session is looked upon to be one to “play” if you are in for fun – but one to avoid when you have more serious stuff to do. It’s been like this for years – and I have seen it for 34 of them.
  • #553,134
  • Oct 23, 2011 2:34am Oct 23, 2011 2:34am
any mt4 coders who actually has time to code something for me?

if yes please pm me. in return i could share some useful info with you.

the code is a little complicated so i hardly have 5 minutes to use my brain these days... the code probably needs around 20 minutes of heavy brain usage
When life gives you lemons, make lemonade
  • #553,135
  • Oct 23, 2011 2:39am Oct 23, 2011 2:39am
Viewing the EUR/USD 4HRS chart show an exhaustion of liquidity; nevertheless, the last close candle did not close above the last high 1.3915. Also, the last close candle is a hangman. This is a sign of a reversal candle and exhaustion of buyer/seller. The area has a strong support line and breaking it will take a significant news. The EURO crisis is still not under control. I feel the USD will gain in strength the coming week. Only time will tell.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_4HRS.jpg Size: 427 KB
  • #553,136
  • Oct 23, 2011 3:41am Oct 23, 2011 3:41am
anybody knows an indicator that simply merges all the successive bull candles into one bull candle and all the successive bear candles into one bear candle?
When life gives you lemons, make lemonade
  • #553,137
  • Oct 23, 2011 4:40am Oct 23, 2011 4:40am
Quoting micho
anybody knows an indicator that simply merges all the successive bull candles into one bull candle and all the successive bear candles into one bear candle?
Nope exactly perhaps , merging vews you can see the higgher tf candle instead , 4 h1 to see H4 candle,12 for daily tf but not see where it may go, that is extent of the candle . actually I understand what you are asking, a higher tf candle on the lower one with possible extent , right , used one before some year before perhaps , one candlestick indicator , to find somewhere in my computer , crush few time in between though . if true I may serach to see later time .
thanks,
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #553,138
  • Oct 23, 2011 4:51am Oct 23, 2011 4:51am
Quoting fontu
Nope exactly perhaps , merging vews you can see the higgher tf candle instead , 4 h1 to see H4 candle,12 for daily tf but not see where it may go, that is extent of the candle . actually I understand what you are asking, a higher tf candle on the lower one with possible extent , right , used one before some year before perhaps , one candlestick indicator , to find somewhere in my computer , crush few time in between though . if true I may serach to see later time .
thanks,
fontu
thanks fontu, actually i am looking for some code that can define trends for the last x bars (x<=100) based on successive bull candles or successive bear candles with some additional filters, then save some arrays containing info about each of the defined trends such as close, high, etc to be able to spot divergence. no need to merge or draw modified candles on the charts. that's alot of thinking... i am too lazy for that
When life gives you lemons, make lemonade
  • #553,139
  • Oct 23, 2011 5:00am Oct 23, 2011 5:00am
bro are u looking for multiple tf? ect h2 h8 and others?
Quoting fontu
Nope exactly perhaps , merging vews you can see the higgher tf candle instead , 4 h1 to see H4 candle,12 for daily tf but not see where it may go, that is extent of the candle . actually I understand what you are asking, a higher tf candle on the lower one with possible extent , right , used one before some year before perhaps , one candlestick indicator , to find somewhere in my computer , crush few time in between though . if true I may serach to see later time .
thanks,
fontu
patient is my attitude, rushing is a dog
  • #553,140
  • Oct 23, 2011 5:22am Oct 23, 2011 5:22am
Looking 1.40-1.41
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU Daily.png Size: 35 KB
Click to Enlarge Name: EU Daily Trend.png Size: 36 KB
Click to Enlarge Name: EU Monthly.png Size: 48 KB
If there was easy money lying around,no one would be forcing it into your
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