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  • #667,041
  • Jul 9, 2012 7:27pm Jul 9, 2012 7:27pm
Quoting Eric D
Good day, this is the daily review:

EUR/USD pair gains some ground on the long side by the end of Monday session, confirming and reacting to the support price around 1.2285 we talked about on yesterday review, downtrend for the daily and the 4 hourly plus resistance is near the 1.2670 level.

http://4.bp.blogspot.com/-B1MXQyO2Cx...+01+eurusd.gif

[font=Arial][font=Verdana]Expect some reaction around 1.2420 on the short term given the case...
thanks for that knowlegeable analysis , but i wonder if there is any targets for the consolidation expected ?? sorry if my question is a bit shallow but im just learning !!!

have a grat day a head !!!
“Don't cry because it's over, smile because it happened.”
  • #667,042
  • Jul 9, 2012 7:29pm Jul 9, 2012 7:29pm
Quoting KillerWhale
I don't believe for a minute that we will get all the way back to 1.2670
Why?
"Men who can both be right and sit tight are uncommon."
  • #667,043
  • Jul 9, 2012 7:33pm Jul 9, 2012 7:33pm
Quoting Mike8
Why?
Fundies and TA - lower lows, lower highs
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  • #667,044
  • Jul 9, 2012 7:33pm Jul 9, 2012 7:33pm
Quoting KillerWhale
Fundies and TA - lower lows, lower highs
I'll be happy if I can get short entries in the 1.25xx, or even 1.24xx
New voice message: Why are you calling me? If I need you, I'll call you!
  • #667,045
  • Jul 9, 2012 7:37pm Jul 9, 2012 7:37pm
Out for 5,4 pips. Last 5m candle scared me away.
  • #667,046
  • Jul 9, 2012 7:39pm Jul 9, 2012 7:39pm
Quoting KillerWhale
I'll be happy if I can get short entries in the 1.25xx, or even 1.24xx
But first we gotta get out of this range
New voice message: Why are you calling me? If I need you, I'll call you!
  • #667,047
  • Jul 9, 2012 7:53pm Jul 9, 2012 7:53pm
Quoting KillerWhale
I don't believe for a minute that we will get all the way back to 1.2670
I only see the maximum retracement on 1.2430...the maximum resistance if it could go there...
  • #667,048
  • Jul 9, 2012 7:54pm Jul 9, 2012 7:54pm
Quoting xandi
I only see the maximum retracement on 1.2430...the maximum resistance if it could go there...
Looks like its going opposite way
New voice message: Why are you calling me? If I need you, I'll call you!
  • #667,049
  • Jul 9, 2012 8:00pm Jul 9, 2012 8:00pm
Quoting KillerWhale
Fundies and TA - lower lows, lower highs
Myself I think around 2260 is a good place to buy (trapping eager bears) with a run to around 2537 and a possible around 2660.

But I am only speculating based on TA that I perceive at the moment, which can change dramatically in a very short time effecting my direction in taking a position not based on bias but only on technicality.
"Men who can both be right and sit tight are uncommon."
  • #667,050
  • Jul 9, 2012 8:05pm Jul 9, 2012 8:05pm
Quoting balanced2012
thanks for that knowlegeable analysis , but i wonder if there is any targets for the consolidation expected ?? sorry if my question is a bit shallow but im just learning !!!

have a grat day a head !!!
Thank you for the interest balanced2012, I don't think any question is invalid if it originates from the true will to know more...

Regarding price action below is a 4 hourly chart where I have marked an area which might signify a near term price reaction although it could be a weak place, somewhere around 1.2400

http://4.bp.blogspot.com/-uF0QVqMYmJ...+03+eurusd.gif

There are no guarantees of course and price might head lower in the next instant, we are playing with probabilities, but a good place to look for a consolidation in my very own opinion should be on price action in divergence between 1.2400 and 1.2420.
  • #667,051
  • Jul 9, 2012 8:16pm Jul 9, 2012 8:16pm
Quoting xandi
I only see the maximum retracement on 1.2430...the maximum resistance if it could go there...
im looking to short at 2420 area tp 2135 30 pip stop. may take a few days to get there if it does.

thats my next play for the eur/usd.

currently im long on AUD/USD and NZD/USD and short on USD/CAD
  • #667,052
  • Edited 9:02pm Jul 9, 2012 8:17pm | Edited 9:02pm
Quoting KillerWhale
I don't believe for a minute that we will get all the way back to 1.2670
Thank you for your comment, and yes, we may not get even closer given the current trend, however those are my daily numbers according to my methodology, that is the place I would look for a setup for the timeframe given most recent price action, 4 hourly numbers however, are a little closer as stated on previous post, Regards!
  • #667,053
  • Jul 9, 2012 8:17pm Jul 9, 2012 8:17pm
Quoting Eric D
Thank you for the interest balanced2012, I don't think any question is invalid if it originates from the true will to know more...

Regarding price action below is a 4 hourly chart where I have marked an area which might signify a near term price reaction although it could be a weak place, somewhere around 1.2400

http://4.bp.blogspot.com/-uF0QVqMYmJ...+03+eurusd.gif...
thanks mate !! really appreciated
“Don't cry because it's over, smile because it happened.”
  • #667,054
  • Jul 9, 2012 8:19pm Jul 9, 2012 8:19pm
Quoting John Tuga
Hi Traders.
Does anyone knows a trader name john bricehttp://www.forexfactory.com/images/icons/icon5.gif
I do know
  • #667,055
  • Jul 9, 2012 8:31pm Jul 9, 2012 8:31pm
Direction will probably be clear Wednesday a few hours after FOMC meeting minutes
That is often good for 100+ pips
New voice message: Why are you calling me? If I need you, I'll call you!
  • #667,056
  • Jul 9, 2012 9:04pm Jul 9, 2012 9:04pm
Guys be careful on shorts just saw that huge spike up in EUR/USD. Might be ppl covering their shorts for a further rally up or could be nothing. In any event should b careful with shorts at this stage now.
  • #667,057
  • Jul 9, 2012 9:06pm Jul 9, 2012 9:06pm
Quoting iNSIELD
Guys be careful on shorts just saw that huge spike up in EUR/USD. Might be ppl covering their shorts for a further rally up or could be nothing. In any event should b careful with shorts at this stage now.
China
  • #667,058
  • Jul 9, 2012 9:08pm Jul 9, 2012 9:08pm
Quoting iNSIELD
Guys be careful on shorts just saw that huge spike up in EUR/USD. Might be ppl covering their shorts for a further rally up or could be nothing. In any event should b careful with shorts at this stage now.
11 pips range in the last hour .. ?
  • #667,059
  • Jul 9, 2012 9:13pm Jul 9, 2012 9:13pm
Quoting AlanB
11 pips range in the last hour .. ?
you have to look at a 1min chart
  • #667,060
  • Jul 9, 2012 9:13pm Jul 9, 2012 9:13pm
thank u Compulsive Hey Alan B I wasn't talking about the range I was talking about the all of a sudden spike up but I was corrected by compulsive apologies to all. Thought the China data was due to come out tomm
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