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EURUSD

  • #702,501
  • Oct 4, 2012 4:02am Oct 4, 2012 4:02am
Quoting MaxDoom
It's interesting to hearing people say that, in order to disappoint they must be an expectation of something in the first place and I am not sure anyone has quantified that this time. Last time it was clear that expectation was to confirm what actions would be taken, but this time what are we expecting, any ideas?

If it is confirmation that they have been buying bonds, then that is a double edge sword because the need to do so is bad and the doing so is good.....

The surprise might be that they were buying Spanish bonds this morning
Max there is nothing more draghi can do. He has achieved the mission of bringing the spanish and italian yields to sub 6% and 5% respectively. He surely cannot bring them to 5% and 4%
  • #702,502
  • Oct 4, 2012 4:03am Oct 4, 2012 4:03am
Quoting kuroro001
Sorry to hear about that loss. Lesson learned i guess, but it happened to me as well in the past (and recently). Good profit ended up with loss.

At least you are still here, and 4% is "easy" to recover dude
10% down the drain though !!
  • #702,503
  • Oct 4, 2012 4:06am Oct 4, 2012 4:06am
I think we go up
Attached Image (click to enlarge)
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  • #702,504
  • Oct 4, 2012 4:09am Oct 4, 2012 4:09am
Quoting Teresh
I think we go up

so far just about everyone and their dog thinks that too bro, so where you thing is good entry and how big stop loss??
If you are new to Forex? Say Goodbye to your account!!
  • #702,505
  • Oct 4, 2012 4:12am Oct 4, 2012 4:12am
Gidday Traders

Every time I go to enter a trade it moves in the opposite direction.
In an out all good if you are right,the market is really trying to suck in all the players.Let them think they have an even chance off making some money.
Keep thinking its to risky to buy at this level,more than likely enter long
below 129000

I am not any hurry to lose any more money
  • #702,506
  • Oct 4, 2012 4:12am Oct 4, 2012 4:12am
Quoting KiwiTrada
so far just about everyone and their dog thinks that too bro, so where you thing is good entry and how big stop loss??
In the middle of now where , no one will dare to hit your SL ..
"It's the Margin, Stupid."
  • #702,507
  • Oct 4, 2012 4:12am Oct 4, 2012 4:12am
Quoting KiwiTrada
so far just about everyone and their dog thinks that too bro, so where you thing is good entry and how big stop loss??

I remember when it fell from 1.5 to 1.4. people were saying I think it cannot fall more. surely we will buy and it came down to 1.3 in no time. then at 1.3 , this is surely the bottom. it is undervalued.blah blah blah. fell to 1.2250.

so bottomline nobody knows where this currency is headed. all are speculators over here.
  • #702,508
  • Oct 4, 2012 4:13am Oct 4, 2012 4:13am
Quoting eliteincome
Gidday Traders

Every time I go to enter a trade it moves in the opposite direction.
In an out all good if you are right,the market is really trying to suck in all the players.Let them think they have an even chance off making some money.
Keep thinking its to risky to buy at this level,more than likely enter long
below 129000

I am not any hurry to lose any more money
have you lost hughely?
  • #702,509
  • Oct 4, 2012 4:16am Oct 4, 2012 4:16am
Quoting KiwiTrada
The steady EUR/USD is a sign of bear cautiousness, as those with a negative view on the single currency are likely vigilant that a bailout request from Spain could come anytime soon, and this is keeping investors fearful of a sudden upswing in the pair, Standard Bank says. "It seems possible that this risk-off bias pulls down currencies like the Aussie, Canada and Scandies against the dollar and the yen, but the euro stays steady, allowing the euro to rise against these currencies as well," Standard Bank says. The bank notes that steady...
I AM just watching the USDOLLAR
if it break down then possibility of eur$ break to the up side till now euro$ finding good res between 2955/65 lets see, another thing i am witnessing in other forums and thread that traders are getting more and more bullish euro$ this is so me worrying signs for bulls, if any spikes comes i am watching closely 2985/95 zone for possible weakness

2920/25 is demand zone currently
Attached Image (click to enlarge)
Click to Enlarge Name: usd.gif Size: 31 KB
Learning Requires Failure
  • #702,510
  • Oct 4, 2012 4:17am Oct 4, 2012 4:17am
DJI is floating closely on yesterday's London close.

Drop today went through today's London open.

So, question is.....do you equity traders feel lucky, punks?
They think they are smarter than I am.
  • #702,511
  • Oct 4, 2012 4:21am Oct 4, 2012 4:21am
Hello traders,
I will present you my long term and medium term technical analysis on the EUR/USD pair.

EUR/USD Monthly

On the Monthly chart, we are in a uptrend channel.We have seen a clear rejection at the 1.2200 support level in August, that created the channel and September was also a positive month for the EUR/USD.We see on this chart that the general view is rather bullish, so we keep in mind this when going on the lower timeframes.We continue to the Weekly chart to see a detailed view of the range we are in and the downtrend channel currently in play.

EUR/USD Weekly

On the Weekly chart, the situation is slightly different.We are in large range from 1.2604 to 1.4801, but a downtrend channel is in effect and we are and in a incomplete impulsive wave correction from 1.2045 to 1.3167.I say impulsive wave, because the correction rhat we are in is actually a wave in accordance to the general downtrend, and not against it, so the correction may proove to be a deeper move in the near future, reaching to the support of the range (1.2604 - Fibo 50.) or even lower before we become interested in a long position.

EUR/USD may form on weekly a reverse Head and Shoulders pattern with the right shoulder bottom around Fibo 50.0 or Fibo 38.2 of 1.2045-1.3167 and then reverse, respecting the range it is in right now or it may form a Double Bottom with the second bottom around 1.22s or lower.
Until that will be confirmed, we are going to Daily to locate our position that is in accordance to the Weekly bearish view and its downtrend channel, detailed on the last chart.

EUR/USD Daily

On the Daily chart, our weekly downtrend channel becomes much more clear and we identify a good opportunity to go short, with the trend.A good setup will be to sell near the confluence of the channel resistance and the 1.3017 resistance or after we have clear rejection patterns in that area, if you choose to play safer.You can also choose to sell now, assuming you use the stop loss provided on the chart.Our target for a short on Daily will be the near the next support level of 1.2669.
Since we are still in a uncomplete correction of the 1.2045-1.3167 wave, correction wich is a impulsive wave(trend friendly), we might use a take profit target further deep , near the Fibo 50.0 or Fibo 38.2 levels as a extension.


At the moment of this writing, there are no good risk/reward H4 or H1 setups.

Fundamentally, we keep a watch on the ECB Press Conference at 3:30 PM and the FOMC
Meeting Minutes at 9:00 PM.For the USD we have two other important news for today, the
Unemployment Claims at 3:30 PM and the Factory Orders at 5:00 PM, with both expecting
negative data.

See my attached charts.

Good Luck.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd monthly 04.10.2012.jpg Size: 87 KB
Click to Enlarge Name: eurusd weekly 04.10.2012.jpg Size: 109 KB
Click to Enlarge Name: eurusd daily 04.10.2012.jpg Size: 113 KB
  • #702,512
  • Oct 4, 2012 4:22am Oct 4, 2012 4:22am
Quoting KiwiTrada
so far just about everyone and their dog thinks that too bro, so where you thing is good entry and how big stop loss??
No stop loss, there teeter-totter
  • #702,513
  • Oct 4, 2012 4:23am Oct 4, 2012 4:23am
Quoting forexings
History says maximum time bull won when fight in triangle. It's bearish weakness.
History proved again.
You cannot learn better without losing
  • #702,514
  • Oct 4, 2012 4:24am Oct 4, 2012 4:24am
Quoting Z3iz3i
DJI is floating closely on yesterday's London close.

Drop today went through today's London open.

So, question is.....do you equity traders feel lucky, punks?

let me tell you trading dow jones is much more difficult than trading the euro
  • #702,515
  • Oct 4, 2012 4:25am Oct 4, 2012 4:25am
Quoting tirmizi
I AM just watching the USDOLLAR
if it break down then possibility of eur$ break to the up side till now euro$ finding good res between 2955/65 lets see, another thing i am witnessing in other forums and thread that traders are getting more and more bullish euro$ this is so me worrying signs for bulls, if any spikes comes i am watching closely 2985/95 zone for possible weakness

2920/25 is demand zone currently
I was just reading about usd just broke utl of rising channel will try find it article, idont have usd chart
If you are new to Forex? Say Goodbye to your account!!
  • #702,516
  • Oct 4, 2012 4:37am Oct 4, 2012 4:37am
Slightly too long a view for me but I keep it open on my screens to point out any potential areas

Attached Image (click to enlarge)
Click to Enlarge Name: eur.gif Size: 23 KB
  • #702,517
  • Oct 4, 2012 4:39am Oct 4, 2012 4:39am
EUR still maintain its bullish bias as we have in our weekly analysis. we keep on buying any pull back on E.GBP $ E.USD.
forexpillariscipline & patience Trader
  • #702,518
  • Oct 4, 2012 4:40am Oct 4, 2012 4:40am
Quoting Nachiket
have you lost hughely?
Nachiket

Had to give back my profits,but capital all good.
Good run for a few days,then get cocky screw everything up.

When the ole marble bag is running low I get all creative.

so back to turtle mode trading until the accounts grows
  • #702,519
  • Oct 4, 2012 4:45am Oct 4, 2012 4:45am
short from 44
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  • #702,520
  • Oct 4, 2012 4:47am Oct 4, 2012 4:47am
Quoting KiwiTrada
I was just reading about usd just broke utl of rising channel will try find it article, idont have usd chart
here are 3 charts 1hr, 4 hr, 24hr have a look!

you can draw some lines on it
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usd.gif Size: 21 KB
Click to Enlarge Name: usd4.gif Size: 21 KB
Click to Enlarge Name: usd24.gif Size: 25 KB
Learning Requires Failure
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