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EURUSD

  • #576,661
  • Dec 20, 2011 9:51am Dec 20, 2011 9:51am
Quoting wormboy
Textbook reversal after Friday's bullish close.
Current target is set for 3365 once price clears the monthly pivot resistance.

Good luck.
Interesting how it showed the same pattern on H1 just before it took off....

Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 96 KB
  • #576,662
  • Dec 20, 2011 9:52am Dec 20, 2011 9:52am
Tomorrow is likely to be a lively day because of the ECB LTRO, depending on the totals it could be either +ve or -ve.
Too low and it will be negative because it will be risk advserse and the assumption by analysts will be 2012 balance sheet contraction, higher than estimated and it could be +ve and seen as risk on helping to drive growth.
  • #576,663
  • Dec 20, 2011 9:52am Dec 20, 2011 9:52am
Quoting MaxDoom
no just a saying in England, it means it might have the legs to run the race and get to the finish,
In Russia make legs means escape
  • #576,664
  • Dec 20, 2011 9:52am Dec 20, 2011 9:52am
Quoting pipsallday
A break of 3110 coming soon
sure it has to happen sometime
and then a wee run down again
I'm not optimistic on the bearish move.
Not all corrections are done yet.
Awaiting for 3150-80 move at least.
Some bearish retr may occure after London close.
Still looking in both ways meanwhile
  • #576,665
  • Dec 20, 2011 9:58am Dec 20, 2011 9:58am
Quoting indulge
Went long 1.2970 for the sole reason that my chart tells me that USD/CHF has made a temporary top @ 0.9490
TP 1.3090
Sl 1.29
Target Acquired

Sold GBP/USD 1.5690
TP 1.5590
SL 1.5790
  • #576,666
  • Dec 20, 2011 9:58am Dec 20, 2011 9:58am
good morning.

can someone explain to me what appen while I was sleeping. |The Euro gain ground but for what, did eu governement found a solution to their problem ?
  • #576,667
  • Dec 20, 2011 9:59am Dec 20, 2011 9:59am
Ok. Here a little insight. Got a pennant/triangle on the 5. It's a continuation pattern which should break to the upside. Following the rules for trading the breakout, I think it should cap somewhere around the 31454 level. Should break up soon.
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-12-20 16h53_56.png Size: 35 KB
Don't just beat the markets, leave bruises.
  • #576,668
  • Dec 20, 2011 10:01am Dec 20, 2011 10:01am
3110 is sure a tough nut to crack.

Quoting pipsallday
A break of 3110 coming soon
sure it has to happen sometime
and then a wee run down again
The true fact is market doesn't care, risk mgt is important.
  • #576,669
  • Dec 20, 2011 10:03am Dec 20, 2011 10:03am
can someone please explain to me why euro is up.The housing data came in positive this morning however the dollar decreased on the news and the euro went up.Why!!!???!!!!
  • #576,670
  • Dec 20, 2011 10:06am Dec 20, 2011 10:06am
Must go up
  • #576,671
  • Dec 20, 2011 10:06am Dec 20, 2011 10:06am
Quoting Cruci
can someone please explain to me why euro is up.The housing data came in positive this morning however the dollar decreased on the news and the euro went up.Why!!!???!!!!

It wont be for long...but mate, do not sell every 10 pip move there.
  • #576,672
  • Dec 20, 2011 10:07am Dec 20, 2011 10:07am
Quoting Motion
Ok. Here a little insight. Got a pennant/triangle on the 5. It's a continuation pattern which should break to the upside. Following the rules for trading the breakout, I think it should cap somewhere around the 31454 level. Should break up soon.
Ive been watching this too. wld you go long on a break or wait for it to cap and look short?
  • #576,673
  • Dec 20, 2011 10:07am Dec 20, 2011 10:07am
u/j is taking the Monthly pivot. Further up possible on e/u.

Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 56 KB
  • #576,674
  • Dec 20, 2011 10:09am Dec 20, 2011 10:09am
This low liquidity Market is just being run by "hope" (risk) All of these markets are highly correlated, please take a read of my article to see how to trade it and how EVERY trader needs to understand it.

http://www.dukascopy.com/fxcomm/fx-a...-Market&id=436

Please don't take this as advertising, non Dukascopy accounts don't count as views. Just want people to read and use it to make us retailers more profitable.

Jeremy.
  • #576,675
  • Dec 20, 2011 10:09am Dec 20, 2011 10:09am
Quoting meromar
Must go up
Took 2 long pips at 3112. Felt not at ease. Closed+2
  • #576,676
  • Dec 20, 2011 10:15am Dec 20, 2011 10:15am
Quoting Link
good morning.

can someone explain to me what appen while I was sleeping. |The Euro gain ground but for what, did eu governement found a solution to their problem ?

demand exceeded supply.

daily chart down to hourly.
  • #576,677
  • Dec 20, 2011 10:15am Dec 20, 2011 10:15am
Quoting indulge
Target Acquired

Sold GBP/USD 1.5690
TP 1.5590
SL 1.5790
U,ve got wrong address
  • #576,678
  • Dec 20, 2011 10:17am Dec 20, 2011 10:17am
Quoting Link
good morning.

can someone explain to me what appen while I was sleeping. |The Euro gain ground but for what, did eu governement found a solution to their problem ?
risk appetite.
  • #576,679
  • Dec 20, 2011 10:18am Dec 20, 2011 10:18am
Quoting Cruci
can someone please explain to me why euro is up.The housing data came in positive this morning however the dollar decreased on the news and the euro went up.Why!!!???!!!!
buy the rumour sell the news

markets are designed to take your money
  • #576,680
  • Dec 20, 2011 10:27am Dec 20, 2011 10:27am
Quoting Cruci
can someone please explain to me why euro is up.The housing data came in positive this morning however the dollar decreased on the news and the euro went up.Why!!!???!!!!
It is all about the risk on trade. If there is good news form the largest economy in the world people have a better outlook on growth and therefore buy high yielding securities like AUD and EUR.

read about it here

http://www.dukascopy.com/fxcomm/fx-a...ing-How&id=404

Jeremy.
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