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EURUSD

  • #687,181
  • Sep 2, 2012 6:42am Sep 2, 2012 6:42am
Quoting KiwiTrada
My charts is still pointing down and down big, is much clearer au and kiwi, eu august candle, is not so clear, so for now I see a bearish september, happy pip hunting peoples

bloomie has eu 2579

See all tomorrow
I agree
Oooooooooopppppppppssssssss
  • #687,182
  • Sep 2, 2012 7:13am Sep 2, 2012 7:13am
Quoting KiwiTrada
My charts is still pointing down and down big, is much clearer au and kiwi, eu august candle, is not so clear, so for now I see a bearish september, happy pip hunting peoples

bloomie has eu 2579

See all tomorrow
Yes remain bearish on aussie n kiwi

Eu a bit hard to predict due to fundies... Lots of news all over the place.... But matbe we wnt see bond buying until german decision on esm.... Hmmmmmm
Patience, Emotion Control and Discipline.
  • #687,183
  • Sep 2, 2012 7:14am Sep 2, 2012 7:14am
Reaction to Bernanke caused an upper trend line breakout above on the EUR/USD and GBP/USD. AUD not so lucky as a bit of whipsaw there.
  • #687,184
  • Sep 2, 2012 7:17am Sep 2, 2012 7:17am
just a fans pic
Attached Image (click to enlarge)
Click to Enlarge Name: bendera.gif Size: 43 KB
  • #687,185
  • Sep 2, 2012 7:45am Sep 2, 2012 7:45am
Quoting jasakreatif
just a fans pic
Would make a good movie cover hellfire!

http://i45.tinypic.com/2wfqzxv.jpg
  • #687,186
  • Sep 2, 2012 8:35am Sep 2, 2012 8:35am
Quoting mohan76
must be from oanda , they have 24h/7 feed
Even before they just opened much earlier than others and also allowed trading when their feed was frozen. Now they just open 2 hours earlier than most. They changed their policy.
  • #687,187
  • Sep 2, 2012 9:32am Sep 2, 2012 9:32am
What a week we had last friday with Bernanke's speech at Jackson hole eh? The volatility was extreme, up and down 60pips within minutes.

For this coming week, it is a tough call. I do not know whether to be a bull or bear. The price action is calling for both directions!! Why? Lets begin with the daily chart. The daily charts shows a bearish price action.

On the daily chart, we see:
1. Price action is bearish with a clearly defined falling channel with 3 confirmed points
2. Price is touching potential point 4 for this week
3. Pivot zone resistance from 15th Jan 2012 at 1.2650

http://i45.tinypic.com/2llli0h.png

On the 4hr chart, we see:
1. Price action is bullish with a rising channel with also 3 confirmed points
2. 1.2420-40 could be a new support zone

http://i49.tinypic.com/2cxvtar.png

So what is the key to this dilemma? I think the key battle may be 1.2650.

Bull traders:
1. Price must break above and stay above 1.2650
2. Price to stay within 4hr rising channel
3. Price to touch rising channel to form point 4 to create a 4th higher low in order to break above 1.2650

Bear traders:
1. Price fails to break above 1.2650
2. Reversal patterns such as double top or head and shoulders to form on 1hr or 4hr chart
3. Price must not form a point 4 on 4hr rising channel
4. Price must break out from the 4hr rising channel
  • #687,188
  • Sep 2, 2012 9:40am Sep 2, 2012 9:40am
Really great post. thanks.
How to opt out annoying user signatures ??
  • #687,189
  • Sep 2, 2012 9:45am Sep 2, 2012 9:45am
Isn't ECB rate cut due this week?
  • #687,190
  • Sep 2, 2012 9:52am Sep 2, 2012 9:52am
Quoting Faiz99
Isn't ECB rate cut due this week?
Also FF forecast .50%
Oooooooooopppppppppssssssss
  • #687,191
  • Sep 2, 2012 9:55am Sep 2, 2012 9:55am
Quoting Crucifix
Also FF forecast .50%
And dosent that bode goodfor usd in the eurusd pair? Analysts speaking of 1.266 when it seems that there is so many swords up against the euro!
  • #687,192
  • Sep 2, 2012 10:30am Sep 2, 2012 10:30am
You have to wait until the mkt is open up for you as well ...

Quoting mohan76
must be from oanda , they have 24h/7 feed
Oanda is not the only one who has ...

There are many out there which can provide such things and even better ...

Even much more reliable ones ... you need counterparts who are willing to offer tradeable dealing environment on this ... otherwise it has no meaning to you and it's just a price indication ... a non trading related indication it is and nothing else ...





;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #687,193
  • Sep 2, 2012 11:33am Sep 2, 2012 11:33am
Quoting mercy seat
ROLLOVER CLOSE + OUTLOOK:

2012-08-31_23h00 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-35 # A15 - E31 (Text DE)

"Additional explanation" ...

During the past in previous days and week our major trend bias has been flipped between a BEARISH and NEUTRAL stance for position trade setups ... and we have been mostly in a "sell the rallies mode" for that reason although there are some trendchannels that do...
ROLLOVER OPEN + OUTLOOK:

Based on 2012-08-31_23h00 - ZigZag + Pivot Survey

TABLE with ZIGZAG + PIVOT SURVEY for the EUR/USD pair:

2012-08-31_23h45 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-36 # A15 - E31 (Text DE)

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.

(UPDATE 23h00) Ausblick:

This is what we have got to work with for the period after the end of Friday for the period remaining until the end of Monday ...

"Additional explanation" ...

During the past in previous days and week our major trend bias has been flipped between a BEARISH and NEUTRAL stance for position trade setups ... and we have been mostly in a "sell the rallies mode" for that reason although there are some trendchannels that do show a minor rising chanel line ...

This can probably flip into another gear now ...

After an extended impulse wave up 1.2637 ... possibly we will see another impulse up 1.2632 or even 1.2652 ...

Due to the price action we have seen in late sessions on Friday the market seems to remain in a more or less bullish market condition ...

But many expected areas has been reached ... and it is still expected to run out of steam soon ...

Therefore we will try to look out for possible turning-points ahead ...




palim palim





;-|
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-08-31_23h45 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-36 # A15 - E31 (Text DE).PNG Size: 147 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #687,194
  • Sep 2, 2012 12:05pm Sep 2, 2012 12:05pm
Quoting KillerWhale
I usually go leverage 1:5, when I feel really confident maximum leverage 1:10.
It all depends on how close you are to support and resistance.
And I never put all in one place, I always look for 2 - 5 different entries in a trade.
The optimum leverage on all trades is the leverage that won't let you lose sleep if it goes wrong.

I always put it in 3-5 also. My first is always too early and the others end up being closer to right on. I scale in...not out. When I exit a trade it is with all my lots.
  • #687,195
  • Sep 2, 2012 1:08pm Sep 2, 2012 1:08pm
DAILY ANALYSIS:

EUR/USD:

Trend: Uptrend

MA(200): 1.2812 MA(100): 1.2471 MA(50): 1.2326
Price: 1.2577


Price is currently ABOVE: MA 50 and MA 100.


2- CandleStick/Pattern Formation: NONE


3- FIB Levels:


Resistance:


i) 1.2691


ii) 1.2725


iii) 1.3094


Support:
i) 1.2443


ii) 1.2366


iii) 1.2290


4- Trendline: Uptrendline validated


5- Important levels:
i) 1.2668


ii) 1.2517(Trendline Support)


iii) 1.2486


iv) 1.2470


v) 1.2340

Bias: Bullish.


The recent upmoves have changed the technical bias on this TF. A very strong area where bulls have been rejected earlier( 1.2691-1.2741) is close very close to current PA.

Hold Long Positions/LONG Positions if Daily gives a close above 1.2725

  • #687,196
  • Sep 2, 2012 1:13pm Sep 2, 2012 1:13pm

WEEKLY ANALYSIS:

EUR/USD:

LOW: 1.2464 HIGH: 1.2636 Range: 172
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: None Formed


4- Important levels:


i) 1.2040
ii) 1.2125
iii) 1.2240
iv) 1.2333
v) 1.2398
vi) 1.2440
vii) 1.2646
viii) 1.2699
ix) 1.2746



The Bias remains NEUTRAL.


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

LONG/SHORT as per Risk-Reward Ratio
  • #687,197
  • Sep 2, 2012 1:15pm Sep 2, 2012 1:15pm

Monthly Analysis:


Low: 1.2132 High: 1.2636 Range: 504

Trend: Downtrend

FIB Levels:

Support: 1.2130

Resistance: 1.3051

Trendline: Downtrend line Intact.

Trendline Resistance for September: 1.2777


Candlesticks: Price moved within the range of last monthly candle. Failed to reach the top or bottom of July.


Important Levels:


i) 1.2777
ii) 1.2291
iii) 1.2130
iv) 1.1875


Above 1.2777:
i) 1.3051

The Bias: Bearish.


While the lower TF's(Weekly/daily) are showing signs of a Bull move, the monthly remains strongly in favor of bears. With the announcement of no QE3 forthcoming in the near future and turbulence set for September end/October beginning without a strong break thorugh the 1.2777/1.28 barrier we can see strong moves on either side, the probability of a bear move is stronger as it is the main trend(on this TF).


Enter Short

  • #687,198
  • Sep 2, 2012 1:23pm Sep 2, 2012 1:23pm
people do you think it will open up or down?and during monday how much up can it go?do you think it will go over 1.27
  • #687,199
  • Sep 2, 2012 2:17pm Sep 2, 2012 2:17pm
1.25560 open on SAXO
  • #687,200
  • Sep 2, 2012 2:38pm Sep 2, 2012 2:38pm
Quoting MorganX
1.25560 open on SAXO
Down on oanda too
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