EURUSD

you mean he is your master? F**L

So how does it go - all these people who talk about bulls (1.32 etc.) have too bad longs open and due so are incapable to orient their minds to see how bearish this pair really is now ?

Very very bearish ..............................on 15M.

All I am looking at.

Euro Bulls! Enjoy this read. LOL

http://www.cnbc.com/id/47038484

Since markets are closed I am going to post one of my most favorite chapter from "Trading in the Zone"
This chapter will release you from agony of losing and emotional pain.Read it please because it will show you how thinking in probabilities are way to become Elite Profitable Trader. PDF of this great book I included.Enjoy and kick ass and make money!


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I think your red lines are what took place in the PAST and are useless to predict the future!
You assume your channels point down but I can assure you your channals are drawn on the carcass what TOOK PLACE already.
Meaningless excise in faulty logic.

i won't post any chart

it will go to 1.3750 before going to 1.35... lol... by the way whale you don't have to post every second, or at least you don't have to post every time you finish a bottle... take a breath

yeah i am incapable to orient my mind

For the last 11 weeks EUR/USD has been in range between a low of 1.29732 and a high of 1.34844. There is nothing to indicate that there might be a breakout if this range. Thus I think it is a reasonable probability that the price action will remain within the range. Since the price action is currently towards the bottom of the range, it would follow that over the next week it will move long towards the top of the range. However if the Eurozone sovereign debt issues blow up again next week it is possible that the price action could break to the short side. However they have been festering for the last 11 weeks without any breakout and there is absolutely nothing to indicate any change. Whilst there are huge sovereign debt issues with the Eurozone, at least real steps are being taken to address the issues with austerity measures. In contrast the US is addressing its debt issues by stimulating growth with massive quantitative easing programs. Austerity programs will almost certainly strengthen the Euro at the possible cost of recession and low growth. The quantitative easing program will stimulate growth and increase employment at the cost of weakening the Dollar. Long term the Euro will remain credible and potentially replace the Dollar as the worlds reserve currency. The Dollar having lost huge value will cease to remain credible and possibly lose its status as the world’s reserve currency. This will mean that the Dollars out there held as reserves will come back into the system reducing the Dollars value further. Clearly none of this will be happening overnight. However what is interesting is that a series of higher lows have been made since the low of 1.26229 was made on Friday 13th January 2012. I attach a copy of the daily chart which illustrates the position and shows the rising equidistant channel with the price action test the bottom line. It goes without saying that if the bottom line breaks, then there is little support until at least the previous low of 1.26229. Maybe the price action could fall to test the low of 1.18844 made on 7th June 2010.

Looking at Ichimoku, the price action is within Kumo with the bottom of Kumo having provided support for nearly two weeks. Whist a break below Kumo is possible; I think that the probabilities are that the price action will remain within Kumo which gives added weight to the contention that the price action will go long. Chinkou Span is within the price action suggesting that there is anything but a trend. On this basis the price action is ranging and being at the bottom of the range is likely to go long. Tenkan Sen is reading 1.31990 and Kijun Sen is reading 1.31936. They are both virtually flat and currently within 5.4 pips of each other. Tenkan Sen is above Kijun Sen which is technically bullish though the signal is very much neutral. The flatness of both Tenkan Sen and Kijun Sen plus the fact that they are very close to each other indicates that the price action is very comfortable at it current levels. This suggests that it is more probable that the price action will not breakout. One the basis that the price action must move, it is more likely to go long and remain in the range for time being. Kumo is currently bullish though Future Kumo does turn bearish. However this is a bit of a mixed signal and certainly does not indicate the existence of any discernable trend.

Looking at MACD on the daily chart with standard settings, the MACD line is below the signal line which is suggestive of a bearish continuance. However the Histogram has shrunk for the last three sessions indicating a potential change of the short trend seen since the high of 1.33844 was made on Tuesday 27th March 2012. Further the RSI on the daily chart has touched the 50 line and dipped back down below which is suggestive of the price action continuing to trade towards the lower end of the current range. Nevertheless the RSI by giving a reading of 42.48 is not suggesting that there might be a break from the current range.

Anyway by way of summary, I agree that the higher probability is that the price action will go long next week.

UP ...TP2 @1.32700

Have you guys taken a look at the € index ? The intermediate is downtrending. (this is a bit old shot)

And... the Hitman @ EURUSD thread's

Absolutely right... 1000%

I see what your saying they are everywhere

Here you go...
Read this my Favourit HANDBOOK's

Quick glimpse of mon/tu/wed:

Ok ok ok

Yes ... of course ... and living on a houseboat ... like a master violinist from Berlin that I know living there ...

Grachten ...



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