EurAnalysis

hi guys i am back trading, i was visiting olympics working so i didnt trade, but hey ho here we go again

Btw, have you noticed the crude daily macd bearish divergence? Crossover is about to occur.

Actually yes I just noticed that. I am carefully looking at it and will see what happens in the next 7 minutes or so.

I like to check the D1 chart towards the end of the trading day for my Oil signals.

Alright, looks like I'm going to hold off on the Oil trade for the time being.

We'll have to see what happens during the next 24 hours.

I use a custom indicator for Oil, Gold, and the Dow. They work extremely well (except for gold lately) as they are complex indicators using several moving averages, RSI, and speed of price change.

Congrats and well done friend.

My speculation for near term.

I'm very, very neutral right now.

Bearish bias from daily, weekly monthly.

Bullish on 1hr, neutral on 4HR.

No long term trades for me (300+ pip targets), will just play the range. Currently 100% flat except for one Aussie short @ 1.0589

Good luck

E/U H4

Did U Expect That Audusd Will Go To 1.0589 level today?

I think Rags2Riches was saying he has a AUD/USD short position opened from August 9th when price was up at 1.0589.

Indeed this is correct. I expect AUD to keep falling. Target is 104.50. Took some off at 105.10.

EURAUD has a good chance at going for 1.1850/1.1930. But I don't expect it to happen from EUR rising more than AUD, I expect AUD to fall more than EUR (only over the very near term, then i expect EURAUD to continue its bear trend)

Made this chart on August 6th, and this week it bounced right off the bull watch towers at 104.95/105.10, I still expect an attack on the bull fortress soon (104.35/50), where I will commit treachery and become a warrior for the bulls instead

Wishing all my Indian and Pakistan Brothers and Sisters a Very Happy Independence Day in Advance

Wishing both of you and the world Happy Indian Independence Day (15 Aug) and Happy Pakistan Independence Day (14 Aug).

http://upload.wikimedia.org/wikipedi...a%2C_Delhi.jpg

http://upload.wikimedia.org/wikipedi...l_Monument.JPG

Good morning everyone

Unfortunately for me, I'm going to miss all the action today as I have some non-forex related pressing matters to attend to elsewhere. However, before I get going, I wanted to give a quick update and outlook for today.

Yesterday took me a bit by surprise with the Euro rallying while equities, oil and gold slumped. If all was to go as usual, with oil and gold leading the way down, surely the Euro would follow, but it didn't... at least not significantly. According to reports, this was due to certain hedge funds capitulating on their Euro short positions... more short covering.

With price now sitting pretty above the weekly and monthly pivots, it will be very interesting to see how it all unwinds. Today we are scheduled to get a slew of economic data out of Europe including the ZEW economic sentiment and GDP figures. In a nutshell, today will most likely be news driven.

Technically we are still in that 1.2440-1.2040 range and there is still a barrier option reported at 1.2450 plus that DNT (Double No Touch) 1.20-1.50 barrier. Although the Euro is very much in a short term bull mode, I do not expect the top of the range to be breached. However, I've been wrong before and there is no reason for this time to be an exception

Anyway, I have to run now as I have much to do. I will try and stay up to date from my tablet and mobile smartphone and maybe shoot the occasional update via my Twitter account (@PipTrapper)

Best of luck today.

E/U H4

Today’s orderboard

Written by Pete Jackson
August 14, 2012 at 05:33 GMT

EUR/USD: Bids 1.2300/10, some sell stops through 1.2290 ahead of larger bids down at 1.2240/60, (1.2242 strong Fibo supp), sell stops below. Offers 1.2380/00 ahead of tech res 1.2440/45. Likely buys stops above.

GBP/USD: Offers 1.5700/20 (UK Clearers, US funds) possible buy stops just above tech res 200 day MA 1.5721, and 1.5760 (100 day MA 1.5759). Strong offers above at 1.5790/00 (1.5800 barrier?). Bids 1.5655/65, 1.5600/20 and 1.5570/80, sell stops below

EUR/GBP: Offers 0.7870/80, 0.7895/05 and larger 0.7940/50. Bids 0.7830/40, sell stops below through-0.7825 ahead of more bids 0.7800/10

USD/JPY: Offers 78.40-50 and 78.75/85 buy stops above and through 79.00, tech res at 200 day MA at 79. 18. Large bids at 78.00/10 (probably official). Large sell stops down through 77.90 ahead of rumoured barriers at 77.75 and 77.50.

EUR/JPY: Bids 96.50/60 and 96.00/10, sell stops below ahead of more bids 95.50/60. Offers 96.90/00 and 97.20/30

AUD/JPY: Strong bids 82.25/35 (Japanese names) sell stops through 82.20 below and again through 82.00. Offers 82.70/80 and 83.00/10 likely buy stops above through 83.30

EUR/CHF: Bids 1.2000/10(SNB), Offers 1.2025/30

AUD/USD: Offers 1.0525/35 and more from 1.0570 up to 1.0600 (RBA commercial, hedge funds). Strong bids 1.0500/10, sell stops through 1.0495 ahead of bids below at 1.0450/60 with further sell stops through 1.0445.

EUR/AUD: Offers 1.1755/75 a break above targeting 1.1850. Bids 1.1715/25 and tech support 1.1650/55 ahead of all time lows towards 1.1600

NZD/USD: Offers 0.8130/40 and 0.8160/70. Bids 0.8080/90 sell stops below though 0.8075

Today's Euro FX option expiries @ 14:00 GMT


1.2225
1.2230
1.2250
1.2260
1.2325
1.2370
1.2400

Risk On! WTF

Oil, Gold, Dow, all moving up...

After a very slow "melt up" in the markets during the past week we actually broke towards the upside, interesting. *Come September, when there is no additional QE, Oil, PM's, and US indices are going to fall like a rock. Seems to me that somebody is propping up the prices until next month so that they can drop their BIG hammer.

hi guys DrZak rekon67 hope all is well

morning, i didnt see you lol

that was a nice surprise, i was long on g/u and e/u from very early this morning, i was just going to close down positions but came in here to say hello and hey presto got a few extra pips lol. take care

100% of indian politicians are criminals and in pakistan its worst the politicians are criminals as well as tyrant.in last 66 yrs india has done slightly better than pakistan,infact pakistan is no more than a satellite[mercenary] state of america.the reason pakistan survive till now is geopolitical reasons,as if it disintegrate then india will disintegare immediately hence indian intelligencia are the biggest supporter of pakistan.there are other reasons as well like china and america use pakistan for thier own purposes to keep the whole region unstable.i will write something more later as i have to leave now.
reckon and harpe, happy in-dependence day,i dont mean to destroy ur happiness but since i have become trader it has become 2nd nature to look at the underlying and harsness of life.ultimatley its the common people who are suffering much more than the happiness we have.by the way nice music and song by lata mangeshkar,she is about 80 yrs old but the voice my gosh.

you sound like a person who visited here before being barred by FF,You should be grateful for free speech and we are traders , life is a bitch. Happy trading