EURUSD | Page 32933 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #658,641
  • Jun 18, 2012 2:24am Jun 18, 2012 2:24am
Quoting kikugalanet
hello guys i expect today eurusd going to buy so here my entry
1.5729 SL 1.5689 tp 1.5749 still on pending Buystop
u mean gbpusd..??
  • #658,642
  • Jun 18, 2012 2:25am Jun 18, 2012 2:25am
Quoting Azeriboy
The reason why gap was so small is the bullish 2 days of last week. Market expected it and already priced the Greece's stay in Euro and that's why we didn't have a big gap today. Of course of Syrizia won then we could see a 250-300 pip gap here.. I agree that except QE 3 nothing can help Euro. But there could be rumors from G20 that US will start QE 3 to help world economy. However I think these rumors are also priced in candles last week.
But last weekly candle worries me as in most cases it is indicates that the next candle...
Gap
  • #658,643
  • Jun 18, 2012 2:26am Jun 18, 2012 2:26am
come on give us a direction
  • #658,644
  • Jun 18, 2012 2:27am Jun 18, 2012 2:27am
The daily is clearly still correcting the drop from 1.328x to 1.228x and has so far managed around 45% retracement in a simple ABC pattern.

If it turns out to be a correction then these normally end between 38% and 62% but as you can see from my chart I have some target zone for a continuance around 1.279x 1.290x and 1.303x.

Alternatively this could be considered a correction of the larger move down from 1.348x in which case it has only completed 38% so far. But I will work with the former assumption from 1.328x as it is a more conservative approach.

So the assumption of a correction 1.328x to 1.228x only becomes invalid if 1.328x should get breached which becomes more likely once we pass 1.29 and extremely likely should we pass 1.30.

On the down side any breach of 1.228x obviously signals the end of the correction and this becomes more likely if we pass 1.244x.

So if you followed that then you will have picked up that with a 45% retracement it is still in no-mans land and could go either way. However, I would not be surprised to see a push to test the 61.8% retracement level at 1.29 which will test the metal of the bears if breeched.
Attached Image (click to enlarge)
Click to Enlarge Name: a1.gif Size: 40 KB
  • #658,645
  • Jun 18, 2012 2:27am Jun 18, 2012 2:27am
night bro!!

Quoting Zorofx
ok time to take some rest
Attached Image
"Millionaires don't use astrology, billionaires do"
  • #658,646
  • Jun 18, 2012 2:27am Jun 18, 2012 2:27am
Quoting fxkiller
u mean gbpusd..??
yeah that gbpusd if eurusd here is my entry 1.2734 SL 1.2714 tp 1.2744 buystop . sorry wrong pair -.-
Dont Giveup If You Lose.. Try To Learn From Your Fault. U will Sucess!!
  • #658,647
  • Jun 18, 2012 2:29am Jun 18, 2012 2:29am
cool analysis bro!



Quoting MaxDoom
The daily is clearing still correcting the drop from 1.328x to 1.228x and has so far managed around 45% retracement in a simple ABC pattern.

If it turns out to be a correction then these normally end between 38% and 62% but as you can see from my chart I have some target zone for a continuance around 1.279x 1.290x and 1.303x.

Alternatively this could be considered a correction of the larger move down from 1.348x in which case it has only completed 38% so far. But I will work with the former assumption from 1.328x as it is a more conservative...
"Millionaires don't use astrology, billionaires do"
  • #658,648
  • Jun 18, 2012 2:30am Jun 18, 2012 2:30am
fxpro suggests this

Most Likely Scenario: LONG positions above 1.266 with 1.275 & 1.278 as next targets.
  • #658,649
  • Jun 18, 2012 2:32am Jun 18, 2012 2:32am
Quoting forex_growth
night bro!!
lovely..

i wish i were this dog, no trading stress and just relaxing on a superb bed
  • #658,650
  • Jun 18, 2012 2:32am Jun 18, 2012 2:32am
Quoting forex_growth
cool analysis bro!

thnx
  • #658,651
  • Jun 18, 2012 2:35am Jun 18, 2012 2:35am
all European indices's are up
  • #658,652
  • Jun 18, 2012 2:36am Jun 18, 2012 2:36am
Quoting MaxDoom
thnx
Is the tech analysis you're using Elliot wave or Fibonacci? I have been studying charting, and I wasn't sure where I should branch off.
  • #658,653
  • Jun 18, 2012 2:36am Jun 18, 2012 2:36am
Swings are strongly bullish...any reason in my book for it to go down is to reach weekly close.
Euro bulls should be happy enough with the Greek election to push euro back above 1,2900-1,3000
COT: The precious data ignored
  • #658,654
  • Jun 18, 2012 2:36am Jun 18, 2012 2:36am
Does anyone here use correlations in their trading?
  • #658,655
  • Jun 18, 2012 2:37am Jun 18, 2012 2:37am
Quoting MaxDoom
The daily is clearly still correcting the drop from 1.328x to 1.228x and has so far managed around 45% retracement in a simple ABC pattern.

If it turns out to be a correction then these normally end between 38% and 62% but as you can see from my chart I have some target zone for a continuance around 1.279x 1.290x and 1.303x.

Alternatively this could be considered a correction of the larger move down from 1.348x in which case it has only completed 38% so far. But I will work with the former assumption from 1.328x as it is a more conservative...
Thanks for sharing with us.
TRADE WHAT U SEE NOT WHAT U WANT TO SEE.
  • #658,656
  • Jun 18, 2012 2:40am Jun 18, 2012 2:40am
Quoting pip_trader
Is the tech analysis you're using Elliot wave or Fibonacci? I have been studying charting, and I wasn't sure where I should branch off.

it's a combination technique that looks for high probability trades so it uses simple EW with fibs etc as well.
  • #658,657
  • Jun 18, 2012 2:41am Jun 18, 2012 2:41am
right now I am looking for a bounce to get long with a stop just below the bounce.
  • #658,658
  • Jun 18, 2012 2:44am Jun 18, 2012 2:44am
anyone believe the EUR JPY GAP will be filled today ? nice 100 pips from there
  • #658,659
  • Jun 18, 2012 2:45am Jun 18, 2012 2:45am
Quoting kuroro001
Swings are strongly bullish...any reason in my book for it to go down is to reach weekly close.
Euro bulls should be happy enough with the Greek election to push euro back above 1,2900-1,3000
1.29-1.30?? With nearly 7% spanish yields? I dont think so.
The weekly chart made its Fib correction, so technically the weekly is short for me. And fundamentally, I think the big shit is coming now, on this week
"Study the past if you would define the future." Confucius
  • #658,660
  • Jun 18, 2012 2:46am Jun 18, 2012 2:46am
Italy and Spain bond yield rising
Mohan
1,451 traders viewing now