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EURUSD

  • #684,281
  • Aug 26, 2012 8:55am Aug 26, 2012 8:55am
Are there bears in Australia?
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  • #684,282
  • Aug 26, 2012 8:57am Aug 26, 2012 8:57am
Quoting KillerWhale
Are there bears in Australia?
Australian bear's favorite activity
http://www.lacamelina.net/ComputerCl...oala_bear2.jpg
Mohan
  • #684,283
  • Aug 26, 2012 9:00am Aug 26, 2012 9:00am
Quoting mohan76
NO Chinese data due this week , QE hope and ECB hope can drive the market , German finance min. officials can Drive market down

Ps: Gold clearly shows we are in QE hope
Mohan, my idea is that you drive too much on news.

I don't follow news at all and last week I made big profits just by not following the news.
I follow my charts, news is very much not important to me in the longer term.

There is hardly any news that can really change direction.
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  • #684,284
  • Aug 26, 2012 9:01am Aug 26, 2012 9:01am
Quoting mohan76
Australian bear's favorite activity
http://www.lacamelina.net/ComputerCl...oala_bear2.jpg


I love this
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  • #684,285
  • Aug 26, 2012 9:09am Aug 26, 2012 9:09am
Quoting KillerWhale
Mohan, my idea is that you drive too much on news.

I don't follow news at all and last week I made big profits just by not following the news.
I follow my charts, news is very much not important to me in the longer term.

There is hardly any news that can really change direction.
Couldn't agree more ...
Human
  • #684,286
  • Aug 26, 2012 9:16am Aug 26, 2012 9:16am
Quoting Chanya
Couldn't agree more ...
Thanks, not even NFP can change direction, the only news ever that I have seen change direction is FOMC minutes, and we just had that last week so we'll have to wait 5 weeks before that happens again.
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  • #684,287
  • Aug 26, 2012 9:21am Aug 26, 2012 9:21am
EUR has gone up on rumour, and will, IMO, go (further) down on news, and the realization of the former.
Offering $1.50 (21%)/RTL Commission Discounts at IC Markets & Global Prime
  • #684,288
  • Aug 26, 2012 9:35am Aug 26, 2012 9:35am
Quoting KillerWhale
Thanks, not even NFP can change direction, the only news ever that I have seen change direction is FOMC minutes, and we just had that last week so we'll have to wait 5 weeks before that happens again.
Hey KW , I like your view of the market ... Gotta say , you really know your stuff ...
Human
  • #684,289
  • Aug 26, 2012 10:12am Aug 26, 2012 10:12am
China
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  • #684,290
  • Aug 26, 2012 11:37am Aug 26, 2012 11:37am
Quoting Chanya
Hey KW , I like your view of the market ... Gotta say , you really know your stuff ...
Thanks buddy, I'm gonna go back to sleep for a few hours
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  • #684,291
  • Aug 26, 2012 11:43am Aug 26, 2012 11:43am
KW when you say "long term" what do you mean? Is it hours, days, weeks? or are you basing it on the TF of your charts? Im still have lots of learning to do and I am exploring all ideas.. thanks for you thoughts
  • #684,292
  • Aug 26, 2012 1:05pm Aug 26, 2012 1:05pm
Quoting Sagebrush
KW when you say "long term" what do you mean? Is it hours, days, weeks? or are you basing it on the TF of your charts? Im still have lots of learning to do and I am exploring all ideas.. thanks for you thoughts
Long term for me is 1 week
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  • #684,293
  • Edited 1:24pm Aug 26, 2012 1:13pm | Edited 1:24pm
The EURUSD is testing the maximum upward channel wedge (a standard technical descent). A failure to move superiorly (above 1.2600) would be a first sign of weakness for the EUR. The resistances are given by the price downtrend line and the maximum of 18 June (ie 1.2748). The recent strength in the USD is now seen as a retraction in a downtrend. As such positions and long term, we will look for signs of weakness associated with conditions of excess demand, in order to initiate a new short position in EUR. If the trend we have seen, is maintained and if the EUR initiate a negotiation above 1.2600, then we may see the pair trading this week around 1.2645/55 or even at the level of 1.27XXX. A return below 1.2430 will put the current trend in the neutral zone, and however needed the break of 1.2325/35 to replace us in a trend "Bearish" short term. Thus, the forecast for the next few hours is as follows:


TREND (Theory DOW)

“Major Channel” – Long Term – Bearish – Resistance (currently 1.3206)
“Current Channel” – Medium Term – Bearish – Resistance (currently 1.26864)
“Probability Channel” – Short Term – Bullish – Support (currently 1.2339)

R & S
Resistance – 1.2606
Support – 1.2480


POSSIBLE SCENARIOS

 

  1. Above 1.2535 “suggest” purchases, with 55 pips of SL. TP1 @ 1.2572 , as TP2 we have 1.2590 and TP3 @ 1.2626/36. Hint: use of BE after reaching the 1st TP.
  2. * In the range from 1.2480 to 1.2535 is the scenario MARKET IN RIGHT SIDE, to say, OUT OF MARKET – OoM!! For more aggressive investors suggest buying above 1.2490, SL with a maximum price of the entry of scenario 3. Sells below 1.2526 with SL maximum of 20 pips (1.2546).
  3. Below 1.2480 get Sell positions with SL of 55 pips, as TPs, consider: TP1@ 1.2462 , TP2 @1.2444 and TP3 @ 1.2416/26, the “Breakout” this may relocate again in the active area of 1,23 XXX/ 1,22 XXX. Hint: use of BE after reaching the 1st TP.

* NOTE – any position in this range is considered as a “higher position risk”.

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Create confidence... because confidence is capital
  • #684,294
  • Aug 26, 2012 1:25pm Aug 26, 2012 1:25pm
Quoting gizod
China
US?
A 1 pip gain is better than a 1 pip loss.
  • #684,295
  • Aug 26, 2012 2:01pm Aug 26, 2012 2:01pm

WEEKLY ANALYSIS:


EUR/USD:

LOW: 1.2294 HIGH: 1.2588 Range: 294
Weekly:

Trend: Breakout towards upside after Consolidation.



1- CandleStick/Pattern Formation: NONE


2- FIB Levels


Resistance:


i) 1.2646
ii) 1.3041


Support:


i) 1.2329
ii) 1.2121


3- Trendline: Broke thorough downtrendline resistance


4- Important levels:


1.2040
1.2125
1.2240
1.2333
1.2398
1.2440
1.2646
1.2699
1.2746

The Bias is now NEUTRAL.


Broke towards upside from Downtrend Channel, Bull momentum is increasing slightly. No confirmation of trend change.


NO NEW ENTRIES, HOLD OLD LONG POSITIONS


A major reason for no positions this week is its a month ending week and wild things do happen. Check back for a Monthly overview next week.
  • #684,296
  • Aug 26, 2012 2:11pm Aug 26, 2012 2:11pm
Quoting Tripeiro
The EURUSD is testing the maximum upward channel wedge (a standard technical descent). A failure to move superiorly (above 1.2600) would be a first sign of weakness for the EUR. The resistances are given by the price downtrend line and the maximum of 18 June (ie 1.2748). The recent strength in the USD is now seen as a retraction in a downtrend. As such positions and long term, we will look for signs of weakness associated with conditions of excess demand, in order to initiate a new short position in EUR. If the trend...
You sound like a commercial
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  • #684,297
  • Aug 26, 2012 2:16pm Aug 26, 2012 2:16pm
Anyone with opening price???
  • #684,298
  • Aug 26, 2012 2:16pm Aug 26, 2012 2:16pm
Quoting Tripeiro
we will look for signs of weakness associated with conditions of excess demand,
Who is "WE"?
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  • #684,299
  • Aug 26, 2012 2:17pm Aug 26, 2012 2:17pm
Aug 24, 2012 23:00 (46 hr ago)

Rollover-Close-Survey:

UPDATE:



Quick-Tips in a TABLE SURVEY for the EUR/USD:

1.)

On a daily basis: Rollover-Close

2012-08-24_23h00 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-34 # A15 - E31 (Text DE)


This is based on latest Rollover-Close ... without much strategy text in this case ...

23h00 CET Aufdatung ...

This is an advanced skills ZIGZAG + PIVOT SURVEY for experienced traders and user circles of strategy development who are concerned with suitable methods of successfully trading by the use of appropriate strategies.

Text and preliminary strategies as shown in the TABLE. But further hints will be (maybe) mentioned later ...





http://1.2.3.11/bmi/1.2.3.10/bmi/1.2...ell_anyone.gif





;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #684,300
  • Aug 26, 2012 2:18pm Aug 26, 2012 2:18pm
Quoting titi14
Anyone with opening price???
use onada,cant be bothered looking it up for you
as this week is last this month id expect euro to rise on $hit data maybe close to 1.30 and then again realize that nothing is solved euro goes down.well thats how i see big people making money anyway
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