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EURUSD

  • #631,461
  • Apr 23, 2012 2:06pm Apr 23, 2012 2:06pm
Are you serious talking about 1.39?????????? We will see 1.27 soon... 1.39 maybe in 2014
  • #631,462
  • Apr 23, 2012 2:06pm Apr 23, 2012 2:06pm
fxkiller ,

i have manage to press selling few times , but close it with 0.5 , 1 ,2 pips
Mohan
  • #631,463
  • Apr 23, 2012 2:08pm Apr 23, 2012 2:08pm
Quoting fxkiller
one more muppet
Inserted Video
  • #631,464
  • Apr 23, 2012 2:10pm Apr 23, 2012 2:10pm
Quoting cloggie
There is a new one now, 3148 (instead of 3151).

Here you go.
  • #631,465
  • Apr 23, 2012 2:10pm Apr 23, 2012 2:10pm
Quoting cloggie
Spreads been tightening sharply.
Thats fine.
  • #631,466
  • Apr 23, 2012 2:10pm Apr 23, 2012 2:10pm
Quoting cloggie
There is a new one now, 3148 (instead of 3151). 3166 has changed slightly to 3158 so there you have the latest goss. 3260 still stands.
this is my chart as it stands now my numbers are a bit similar but not exact ...
Attached Image (click to enlarge)
Click to Enlarge Name: My_Chart.JPG Size: 53 KB
  • #631,467
  • Apr 23, 2012 2:11pm Apr 23, 2012 2:11pm
Quoting cloggie
A bit of news and we can hit 1.39 before you know it. Techie wise, there is one side, there are still the fundies, never ever underestimate the power of Bullshit.

The Daily is itching for a major correction, today's drop was purely fundie driven on the back of some crap numbers out of Germany/France, the widening of spreads (however have a look where we stand now on Port/Spain, it will surprise you) and the French/Dutch elections.

@cloggie I agree a spike could occur fast but for this to happen we will still need that catalyst for dx_f to just rollover and let es + cl + eur/usd run back up ...hope soon... but helicopter Ben has been ruining the party lately
  • #631,468
  • Apr 23, 2012 2:11pm Apr 23, 2012 2:11pm
Quoting Itrade24h
Are you serious talking about 1.39?????????? We will see 1.27 soon... 1.39 maybe in 2014
common kids, stop again with this nonsense..

no one know actually where the market will move the next one pip up or down.. its just our tech and fundis what shows us where to go..

so stop submitting any rubbish targets which are 400-700 pips away from current level..!!

KIDS, really KIDS !!
  • #631,469
  • Apr 23, 2012 2:12pm Apr 23, 2012 2:12pm
Quoting mohan76
fxkiller ,

i have manage to press selling few times , but close it with 0.5 , 1 ,2 pips

No problem mate, forex gives us daily new chances keep trying, u will surely learn that one day
  • #631,470
  • Apr 23, 2012 2:12pm Apr 23, 2012 2:12pm
Quoting cloggie
Here you go.
An perfect line on here 1.31498 they are copying 20.4. Resistance...I think this will go down..i am short ...
  • #631,471
  • Apr 23, 2012 2:16pm Apr 23, 2012 2:16pm
Quoting cloggie
if-then-if, find one, find the next, move stop to the previous, rinse and repeat, find the momentum or lack thereof and you know how the next one responds. Don't counter the next one, expect/anticipate a range, let it consolidate, trade the break, you are on to the next set.
Yes it was dinner time, so just thought, don´t get fooled when away from keyboard xD
Thx!


Quoting cloggie
There is a new one now, 3148 (instead of 3151). 3166 has changed slightly to 3158 so there you have the latest goss. 3260 still stands.
Cool I had 3148 on my 1-minute chart for a few weeks already.
And a fib on 3149 and a 3151 fib.
Taking notes on the importance of 3148 now.
Didn't have 3158 though! Can't find it yet, will try to find it later tonight, have to run...
I have 3261 as a 1/4th February number.

Quoting cloggie
Here you go.
Nice!
  • #631,472
  • Apr 23, 2012 2:17pm Apr 23, 2012 2:17pm
Quoting fxkiller
common kids, stop again with this nonsense..

no one know actually where the market will move the next one pip up or down.. its just our tech and fundis what shows us where to go..

so stop submitting any rubbish targets which are 400-700 pips away from current level..!!

KIDS, really KIDS !!
Friend, my opinion is 95% we go to the 1.27 5% we go to the 1.39
Euro is crap, eurozone is very very bad, the euro is good just for clean your ass...
PD: i Live in Spain
  • #631,473
  • Apr 23, 2012 2:18pm Apr 23, 2012 2:18pm
Quoting cloggie
Here you go.
So we have a test there of 3148? So if we are doing this the Cloggie way we will wait for a slight retrace from that test, a re-approach to 3148, a successful break with a candle closing above then we enter? Sounds good Cloggie?
  • #631,474
  • Apr 23, 2012 2:18pm Apr 23, 2012 2:18pm
Quoting Itrade24h
Friend, my opinion is 95% we go to the 1.27 5% we go to the 1.39
Euro is crap, eurozone is very very bad, the euro is good just for clean your ass...
PD: i Live in Spain

Spain is irrelevant. WE have long written them of. 1.27 is so far of left field, it ain't even on the field anymore.
  • #631,475
  • Apr 23, 2012 2:19pm Apr 23, 2012 2:19pm
Quoting stevexyg
So we have a test there of 3148? So if we are doing this the Cloggie way we will wait for a slight retrace from that test, a re-approach to 3148, a successful break with a candle closing above then we enter? Sounds good Cloggie?

Yup, unless you are in a trade, then you move your stops accordingly. My numbers are to be used to either enter late if you missed to boat, or stay in longer if you were paying attention 4 hours ago when I called the bottom.
  • #631,476
  • Apr 23, 2012 2:20pm Apr 23, 2012 2:20pm
Well if you have much of thoes what you clean your ass, I can find very useful for myself!
  • #631,477
  • Apr 23, 2012 2:24pm Apr 23, 2012 2:24pm
Quoting cloggie
Yup, unless you are in a trade, then you move your stops accordingly. My numbers are to be used to either enter late if you missed to boat, or stay in longer if you were paying attention 4 hours ago when I called the bottom.
Excellent thanks, now if I may ask what are we looking for to not enter a closed candle above a break? Would we always want to enter such a candle if we have a good level there or do we need to qualify that entry before going for it? You say find the momentum are we simply using longer TF's for that?
  • #631,478
  • Apr 23, 2012 2:25pm Apr 23, 2012 2:25pm
Quoting stevexyg
Excellent thanks, now if I may ask what are we looking for to not enter a closed candle above a break? Would we always want to enter such a candle if we have a good level there or do we need to qualify that entry before going for it? You say find the momentum are we simply using longer TF's for that?

That's where experience comes in.
  • #631,479
  • Apr 23, 2012 2:25pm Apr 23, 2012 2:25pm
Quoting exit
Charts are never wrong, but the Chart reader often is.

my charts are saying we are going up!

You must be looking at charts under the daily..totally see your point but all it will take is one headline to break it out of the 1.30 - 1.34(5) range for good.

My background is as a monetary theorist (economist) and secondarily as a trader, usually long-short in other products than fx, but I see your point perhaps it will go to 1.325 but I'd be shocked to see it print 1.35 ever again as long as the Euro exists.

Eurozone debt problems are about to be front and center again and when that comes into full effect we will likely test 1.27 again, and btw this is probably in the process of happening already if you watch the news...

So far each high has been roughly 100 points lower ever since we touched 1.3484, and the 1.30ish level has been holding steady (tested 3x..ie NOT higher lows)...but I think will break in the coming month.
  • #631,480
  • Apr 23, 2012 2:25pm Apr 23, 2012 2:25pm
The EUR/USD has remained within a narrow range between .130 and 1.32. The pair failed to
recover despite the success of the Spanish 2- and 10-year Bono auctions, achieved at the cost of a
sharp rise in yields, with the Spanish 10-year rate holding near 6%. The reason is that there are
lingering doubts, as the recession will make it harder to reduce public deficits and that could weigh
on the banking sector because of its exposure to the property market. The proportion of doubtful
loans has risen to a record 8.16%, the highest level since 1994, which will force banks to set aside
additional provisions. Under these conditions, banks could be less inclined to but Spanish
sovereign debt. Similarly, Italy has announced will take longer than planned to cut its budget
deficit because of the more serious than expected recession (1.2% contraction forecast by
government compared with 0.5% previously). All in all, the public deficit is now expected to reach
1.7% this year, not 1.6% as forecast previously, but it is very likely Italy will overshoot. In other
words, the European crisis has far from been resolved by the European Central Bank’s LTRO.
Nor did the single currency take strength from the better-than-expected ZEW index in April or
International Monetary Fund’s upward revision of global growth. The fund also warned there were
major risks of a credit crunch if banks reduced significantly their balance sheet in coming quarters.
Finally, the market seems to be waiting for the outcome of the French elections. The euro showed
some nervousness because of rumours that the credit ratings of France and the Netherlands were
about to be downgraded. Considering all these factors, the euro has proved rather resilient,
bearing in mind that speculative accounts have increased their short euro positions to 100,000
contracts and that European banking stocks have extended their correction. If the EUR/USD did
not break below 1.30, this is the US dollar is also going through a soft patch. Under these
conditions, the pair’s performance next week will be influenced by the results of the first round of
the French presidential elections held on Sunday, notably announcements that could be made
between the two rounds. All this suggests the EUR/USD could camp between 1.30 and 1.33.
USD: fragile The US dollar remains under pressure after a raft of poor economic indicators. After disappoin
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